IPL Poised for Robust Growth Ahead

• FY26 Revenue Target: Rs. 1,000 crores.
• FY26 EBITDA Margin Guidance: 18%-20%.
• PEDA Capacity Expansion: To 8,500 metric tons per annum by Q2 FY26.
• Formulation Capacity Augmented: An additional 3,500 metric tons per annum.
• FY26 Capital Expenditure: Rs. 116 crores, primarily for capacity and new product additions.

India Pesticides Limited (IPL) delivered a robust Q1 FY26, with revenue growing 25.8% year-on-year to Rs. 282 crores. Despite global market headwinds, the company showcased resilience, driven by strategic capacity expansions and a strong product portfolio. Looking ahead, IPL is poised for sustained growth, setting ambitious targets for sales and profitability, underpinned by continued innovation and operational efficiency.

Strategic Capacity Expansions Underway

India Pesticides Limited is significantly enhancing its manufacturing capabilities to meet rising demand. A key achievement in Q1 FY26 was the commissioning of an expanded PEDA intermediate facility, increasing its capacity from 2,000 to 6,000 metric tons per annum. The company is on track to further scale this up to 8,500 metric tons by Q2 FY26. Additionally, IPL augmented its formulation capacity by 3,500 MT per annum. These strategic expansions are crucial for enabling volume-led growth and enhancing supply chain efficiency. Management anticipates achieving over 70% capacity utilization, reinforcing IPL's strong production readiness.

Ambitious Financial Outlook and Strategic Investments

India Pesticides Limited sets a robust FY26 revenue target of Rs. 1,000 crores, aiming for an EBITDA margin between 18% and 20%. A significant capital expenditure of Rs. 116 crores is planned for FY26 for capacity expansion and new product additions. This includes investment in its new Shalvis Specialties Ltd. site, projected to add Rs. 100 crores in revenue by FY26-27. Furthermore, IPL's robust R&D pipeline promises five new product launches from 2026, diversifying its portfolio. This strategic focus on innovation and backward integration reinforces IPL’s commitment to long-term value creation.

IPL's Q1 FY26 performance underscores its resilience and strategic foresight. Through significant capacity expansions, disciplined capital allocation, and a robust R&D pipeline, the company is well-positioned for sustained growth. Its clear financial targets and commitment to value-driven expansion highlight a promising outlook, demonstrating IPL's ability to navigate market dynamics and deliver long-term stakeholder value.