Dharmaj Crop Guard Q1 FY27 Revenue Up 5% YoY Amid Challenges

Dharmaj Crop Guard Limited announced its Q1 FY27 financial results, reporting a 5% year-on-year revenue growth to ₹3,841 Mn, despite a challenging operating environment marked by the El Nino effect and delayed monsoons. EBITDA margins improved to 14.9% from 13.8% in Q1 FY26, driven by a better product mix in Domestic Branded Formulations. The Export segment saw robust growth of 116% YoY. The Active Ingredients business experienced a 14% YoY revenue decline due to macro headwinds. The company remains on track with its new Herbicides manufacturing facility in Kerala GIDC, Ahmedabad, and reaffirms its annual growth targets.