Rallis India Q3 Results | Net profit falls 5-fold on wage code provision, other parameters rise

Agri-solutions provider Rallis India Ltd on Tuesday (January 20) reported its third quarter results, posting a steep decline in net profit at ₹2 crore, down 81.8% from ₹11 crore in the corresponding quarter of the previous year.

Revenue for Q3 grew 19.3% to ₹623 crore, compared with ₹522 crore in the same period last year. EBITDA for the quarter increased 31.8% to ₹58 crore, up from ₹44 crore in Q3FY25, while the EBITDA margin improved to 9.3% from 8.4% in the corresponding quarter.

Profit before tax

(PBT) before exceptional items rose to ₹36 crore in Q3 FY26, compared with ₹19 crore a year ago. The quarter included exceptional items, reflecting an additional gratuity provision arising from the wage code implementation.

Also Read: Rallis India Q2 net profit climbs 4% to ₹102 crore as revenue dips on erratic rains

For the nine months ended December 31, 2025, Rallis reported revenue of ₹2,441 crore, reflecting a 9% growth over the previous year. EBITDA increased by 18% to ₹362 crore, supported by improved gross contribution and operational efficiencies. PBT after exceptional items for the nine-month period stood at ₹267 crore, up from ₹227 crore in the same period last year. PAT rose 26% to ₹199 crore.

In Q3FY26, Rallis India’s business performance was supported by strong volume traction across all segments. The crop care business registered healthy growth, driven by improved field activity, enhanced customer engagement, and strong demand for key products.

The seeds business delivered robust growth during the quarter, aided by better volume performance and favourable seasonal demand. The B2B business also recorded significant volume growth, fuelled by persistent customer engagement and traction in key accounts.

Also Read: Rallis India Q4 | Company clocks ₹2,663 crore in revenue, declares dividend of ₹2.5 per share

For the nine-month period, the crop care business maintained steady growth, supported by volume expansion and an improved product mix. The B2B segment continued to grow, benefiting from volume-led expansion and selective price improvements.

During the quarter, the company successfully launched a new herbicide, Fateh Nxt™, and continued to strengthen its innovation pipeline. A three-way herbicide combination for wheat received an Indian patent, while the Mesotrione process patent was granted in the US, reflecting Rallis India’s focus on innovation and intellectual property.

Dr Gyanendra Shukla, Managing Director and CEO, Rallis India Limited, said, "Q3 saw volume-led growth across businesses, supported by focused execution, strong customer engagement, and disciplined cost management. While demand remained moderate with seasonal fluctuations, we continued to strengthen our product portfolio, digital engagement, and innovation pipeline.  Our focus remains on improving the quality of sales, driving volume expansion, and preparing strongly for the upcoming seasons through product launches and market activation initiatives."

Shares of Rallis India Ltd ended at ₹229.75, down by ₹10.55, or 4.39%, on the BSE today, January 20.