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Dhanuka Agritech Limited (BSE: 507717; NSE: DHANUKA) Q2 FY2025-2026 Earnings Presentation Oct 31, 2025
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This presentation contains statements that contain “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Dhanuka Agritech Limited (“Dhanuka Agritech” or the Company) future business developments and economic performance. While these forward looking statements indicate our assessment and future expectations concerning the development of our business, a number of risks, uncertainties and other unknown factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to, general market, macro-economic, governmental and regulatory trends, movements in currency exchange and interest rates, competitive pressures, technological developments, changes in the financial conditions of third parties dealing with us, legislative developments, and other key factors that could affect our business and financial performance. Dhanuka Agritech undertakes no obligation to publicly revise any forward looking statements to reflect future / likely events or circumstances. Disclaimer 2
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Content Page No. Company Overview 4-17 Financial Overview 18-22 Table of Content 3
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Dhanuka Agritech is a leading Indian agrochemical company. Dhanuka is working with the vision of Transforming India through Agriculture. We have a pan-India presence in all major states to reach out to more than 10 million farmers with our products and services. Dhanuka’s key focus has been on introduction of novel chemistries and extensive product development distinguishing us from the rest of the industry. With four manufacturing units and 41 warehouses across India, we cater to around 6,500 distributors and around 80,000 retailers. Dhanuka has a strong Sales and Marketing team to promote and develop new products. Dhanuka with 2 R&D Laboratories has world-class NABL accredited laboratories as well as an excellent team for new product registration and development. Dhanuka has international collaboration with ten leading global agrochemical companies from Japan, US and Europe, which helps us to introduce the latest technology in India. During this Quarter, Abnormal and uneven rainfall distribution led to significant crop losses in various states. Some regions experienced excess rainfall, while others faced deficient showers, creating uneven soil moisture conditions. Crops in waterlogged areas suffered significant damage, reducing the application of agrochemicals. These conditions delayed harvesting and the application of crop protection product, limited pest infestation due to heavy rain washing off the pest, resulting in lower demand for agrochemical products from farmers. We are happy to inform you that we have received the Registration Certificate of Ipflufenoquin for indigenous manufacture u/s 9(3) duly approved by the Secretary, CIB&RC for use in Transplanted Paddy for the control of Leaf blast & Neck blast. This product is introduced in collaboration with Nisso Chemicals, Japan. Further, I would like to share that we have started trial production of second product from our Dahej Plant. We Expect this product to help us increase the revenue from Dahej Plant. Also, our sales of Bifenthrin from Dahej is on track and in line with our annual objective. We consider ourselves responsible towards securing the farmer’s welfare and preserving food security of the nation. We continue to strengthen our association with the Agriculture Universities, Krishi Vigyan Kendras (KVKs) and other critical institutions to impart knowledge and latest technology to the Farmers. Chairman Message Mr. Mahendra Kumar Dhanuka Chairman 4
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Why Dhanuka Agritech? Creating breakthroughs in Chemical Synthesis Synthesis plant at Dahej supported by Fully equipped R&D Lab with 30 Chemists to master new chemistry Robust Pipeline Focus on margin accretive “9(3) product” portfolio. Target to launch Several new products across all segments including “me-too” over the next two years Rural FMCG Play 41 warehouses, 6,500+ distributors and 80,000+ retailers to service the needs of over 10 million farmers Profitable Growth Higher contribution of specialty products, growth in volumes from existing products to drive return ratios Global Innovator Tie Ups World’s leading agrochemical companies from the US, Japan and Europe have partnered with Dhanuka Agritech to introduce latest technology to Indian farmlands Diverse Product Portfolio 300+ registrations across Herbicides, Insecticides, Fungicides and Plant Growth Regulators, ~90 Products across all segments 5
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Dhanuka Krishi Mitra Meetings (July’25- September’25) 6
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Dhanuka Krishi Mitra • 26469 Dhanuka Krishi Mitra Farmers enroled • 18476 Dhanuka Krishi Mitra Farmers Trained in 417 Training Program • 9958 Dhanuka Field Days conducted along with Krishi Mitra Farmers • 14695 instances Dhanuka Krishi Mitra Farmers were connected individually creating long lasting Relationship • 12980 Village Meetings / Mega Meetings where Dhanuka Krishi Mitra were Recognized • We have conducted 26 Virtual Connect on ZOOM addressed by Sales Heads with Dhanuka Krishi Mitra. 26469 18476 9958 14695 12980 Registered Training Program Farmers Trained Field Day IFC Recognition Meeting 7
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GLIMPSES - FARMER & VILLAGE MEETING Activities Summary - MP 8
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GREEN TV CHAUPAL Activities Summary - MP 9
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ThinkAg Harvesting Tomorrow Summit 2025: 3rd – 4th September 2025 Dr. R.G. Agarwal was Invited to speak at a Fireside chat 10
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National conference on Quality Agri inputs: 5th September 2025 Dr. R.G. Agarwal was Invited as a guest in the Inaugural session 11
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FICCI Cascade Committee Annual Conference - MASCRADE 2025, Movement Against Smuggled and Counterfeit Trade: 18th-19th Sept. 2025 Dr. R.G. Agarwal was Invited as a guest in the Inaugural session 12
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CCM & GCM Event at Dehradun 13
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HOKKO Team Visit Field, Telangana: 1st – 2nd August 2025 Active participation by HOKKO team on the Paddy field to understand weed flora and conducting Value Indexing of Dinkar 14
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ACE Exhibition, China : 13th – 16th October 2025 Meeting Key partners in ACE Exhibition, China 15
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Digital Reach In YouTube, we are considering views instead of Reach Platforms FY 23-24 FY24-25 FY 25-26 Q2 Objective for FY 25-26 YouTube 25 L 60 L 100 L 100 L Instagram 289 L 500 L 1262 L 800 L LinkedIn 2.17 L 11.6 L 2.5 L 25 L Facebook 369 L 500 L 1262 L 850 L 16
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Farmer Reach Update Farmer Reach in ‘1000s 348 414 629 425 280 545 910 1210 425 708 94 156 281 212 123 987 1,480 2,120 1,062 1,111 0 500 1000 1500 2000 2500 22-23 23-24 24-25 25-26(Plan) H1 25-26 H1 Physical Reach YOY Field Day Village Meeting Others Grand Total 249 280 536 708 95 123 880 1,111 0 200 400 600 800 1,000 1,200 24-25 H1 25-26 H1 Physical Reach (FY-24-25 & 25-26) Field Day Village Meeting Others Grand Total 17
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Q2 FY2025-26 Result Highlights All Figures Rs. in Crores Q2 FY2025-26 vs Q2 FY2024-25 Performance Discussion FY 2025-26 Guidance • Revenue from Operations: Expecting flat growth. • EBITDA: Expecting decline approx. 100bps 18 • Revenue from Operations: Revenues from Operations stood at Rs. 598.25 Crores in Q2 FY2025-26 vs Rs. 654.28 Crores in Q2 FY2024-25. • EBITDA: EBITDA stood at Rs. 136.73 Crores in Q2 FY2025-26 vs Rs. 159.58 Crores in Q2 FY2024-25. • PAT: Profit after tax was at Rs.93.97 Crores in Q2 FY2025-26 vs Rs. 117.52 Crores in Q2 FY2024-25. 654 598 42.18% 42.45% 42.00% 42.10% 42.20% 42.30% 42.40% 42.50% Q2 FY 25 Q2 FY 26 Revenue from Operations and Gross Margin 118 94 17.96% 15.71% 14.50% 15.00% 15.50% 16.00% 16.50% 17.00% 17.50% 18.00% 18.50% Q2 FY 25 Q2 FY 26 PAT and PAT Margin 160 137 24.39% 22.85% 22.00% 22.50% 23.00% 23.50% 24.00% 24.50% 25.00% Q2 FY 25 Q2 FY 26 EBITDA and EBITDA Margin
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Q2 FY2025-26 Income Statement 19 Particulars (Rs.in Crores) Q2 FY 26 Q2 FY 25 YoY% FY 25 FY 24 YoY% Revenue from Operations 598.25 654.28 (8.56%) 2035.15 1758.54 15.7% COGS 344.30 378.28 (8.98%) 1219.06 1072.19 13.7% Gross Profit 253.95 276.00 (7.99%) 816.10 686.35 18.9% Gross Profit Margin(as a % of sales 42.45% 42.18% 40.10% 39.03% Employee Benefit Expenses 47.85 46.72 2.42% 172.07 155.36 10.8% Other expenses 69.36 69.70 (0.49%) 227.42 203.55 11.7% EBITDA 136.73 159.58 (14.32%) 416.61 327.44 27.2% EBITDA Margin(as a % of sales 22.85% 24.39% 20.47% 18.62% Depreciation and amortisation expenses 16.26 12.67 28.33% 55.46 40.56 36.7% EBIT 120.47 146.91 (18.00%) 361.15 286.88 25.9% EBIT Margin(as a % of sales 20.14% 22.45% 17.75% 16.31% Finance Cost 0.82 1.05 (21.90%) 5.11 3.09 65.4% Other Income 6.32 10.80 (41.48%) 36.10 34.96 3.3% PBT 125.97 156.66 (19.59%) 392.14 318.75 23.0% Total tax 32.00 39.14 (18.24%) 95.18 79.66 19.5% PAT 93.97 117.52 (20.04%) 296.96 239.09 24.2% PAT Margin(as a % of sales 15.71% 17.96% 14.59% 13.60% Basic EPS 20.85 25.83 (19.28%) 65.55 52.46 24.96%
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Q2 FY2025-26 Revenue Mix (By Geography and Segment) • Well diversified portfolio across business segment and key geographies Rs. 654 CroreRs. 598 CroreRs. 598 Crore Rs. 654 Crore 20 46% 43% 29% 21% 9% 17% 16% 19% Q2 FY 26 Q2 FY 25 Insectisides Fungicides Herbicides Others 30% 29% 33% 31% 13% 12% 24% 28% Q2 FY 26 Q2 FY 25 North South East West
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Innovation Turnover Index 21 9.05% 12.75% 13.29% 14.93% 16.09% 16.14% FY22 FY23 FY 24 FY 25 H1 FY 25 H1 FY 26 New Molecules as a % of Total Revenue
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Revenue from Operations and Gross Margin EBITDA and EBITDA Margin PAT and PAT Margin Annual P&L Trend: Focus on Profitable Growth All Figures Rs. in Crores22 1,120 1,387 1,478 1,700 1,759 2,035 36.5% 38.0% 36.0% 34.0% 39.0% 40.0% FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 173 269 263 279 327 417 15.5% 19.4% 17.8% 16.4% 18.6% 20.5% FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 141 211 209 234 239 297 12.6% 15.2% 14.1% 13.7% 13.6% 14.6% FY 20 FY 21 FY 22 FY 23 FY 24 FY 25
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Dhanuka Agritech Limited (CIN: L24219HR1985PLC122802) Global Gateway Towers Near Guru Dronacharya Metro Station, MG Road, Gurgaon -122002, Haryana. Contact No: +91-124-4345000 Email: Investors@dhanuka.com