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(BSE: 507717; NSE: DHANUKA) Q1 FY 2026 - 2027 Earnings Presentation Aug 03, 2026
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Disclaimer 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. 2
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Chairman Message 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 80,000 retailers. Dhanuka has a strong Sales and Marketing team to promote and develop new products. Over last couple of years we have set up, 2 research and technology centers to enhance our focus on innovation and research. One of the centers is focused on applied chemistry and working for establishment of new products and new formulation development. The second laboratory is focused on innovation in process technology for generic and late stage patented products. The agrochemical industry witnessed a significantly challenging first quarter of FY 2026-27. Across the sector, revenue growth remained under pressure due to delayed monsoon onset in several key agricultural regions, which postponed sowing activities and led to reduction in product demand from the first quarter to the subsequent months. Industry estimates indicated modest revenue growth, while profitability remained under pressure owing to weaker domestic demand and price competition. Further, It is to inform you that the Company has acquired land at Nagpur, Maharashtra, for setting up a new manufacturing plant, considering the incentives available to the Company's Udhampur Unit expired in March 2026. The total estimated outlay for the project is expected to be up to ₹200 crore. The proposed capacity of the plant will be 23000MT/ Annum. It is expected that the said plant will be operational by April 2028. We are pleased to inform you that in the upcoming months, we are planning to launch 5 new products consisting 1 Liquid fertilizer, 3 fungicide and 1 herbicide. The Shareholders of the Company in the 41st Annual General Meeting held today at 11.00 AM Considered the Final Dividend of 100% that is Rs.2/- per equity share having face value of Rs.2-/per share and the result for this dividend will be declared within the due course. The Company has already rewarded the shareholders with a buy back of 5 lakh Equity Shares @ Rs. 1,400/- per Equity Share absorbing Rs. 70 Crores. I am also pleased to inform you that the Board has approved the introduction of an Employee Stock Option Plan, or ESOP scheme. We believe this initiative will further strengthen entrepreneurial mindset across the organisation, enhance long-term alignment, and support our next phase of growth and leadership development. 3
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Table of Content Content Page No. Company Overview 5-12 Financial Overview 13-18 4
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Why Dhanuka Agritech? Synthesis plant at Dahej supported by Fully equipped R&D Lab with 30 Chemists to master new chemistry Creating breakthroughs in Chemical Synthesis 41 warehouses, 6,500+ distributors and 80,000+ retailers to service the needs of over 10 million farmers Rural FMCG Play 300+ registrations across Herbicides, Insecticides, Fungicides and Plant Growth Regulators, ~90 Products across all segments Diverse Product Portfolio World’s leading agrochemical companies from the US, Japan and Europe have partnered with Dhanuka Agritech to introduce latest technology to Indian farmlands Global Innovator Tie Ups 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 Robust Pipeline Higher contribution of specialty products, growth in volumes from existing products to drive return ratios Profitable Growth 5 The acquisition of Bayer AG’s renowned fungicide brands marks a key milestone in Dhanuka’s evolution from a domestic agrochemical leader to an emerging global player. With access to 20+ international markets and manufacturing integration through the advanced Dahej technical synthesis facility, Dhanuka is well placed to accelerate export and expand its global business. Global Expansion
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Mega Farmer Meeting 6
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Conika- Online Mega Farmer Meet and Team Training 7
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Hokko Team Visit: 20th May, 2026 Delegates from Hokko Team visited on 20th May, 2026 8
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Demand Generation activities- LaNevo on Tomato 9
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Meeting with Dr S N Sushil, Director, ICAR-ISRI, Lucknow: 22nd May, 2026 Meeting at ICAR- Indian Institute of Sugarcane Research Director Dr S N Sushil and his team at Lucknow 10
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17th Agriculture Leadership Award 2026: 8th July, 2026 CE Sir attended the 17th Agriculture Leadership Award 2026 and collected the Award by Shri Rajnath Singh Ji, Hon'ble Defense Minister on behalf of Shri Rahul Dhanuka for the CEO of the year 2026 11
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Meeting at ICAR - Technology Portfolio for Corporate Social Responsibility Conclave 2026: 15th July, 2026 CE Sir attended the Meeting at ICAR - Technology Portfolio for Corporate Social Responsibility Conclave 2026 at ICAR-NASC Complex, New Delhi and met with Agriculture Minister Shri Shivraj Singh Chouhan and Shri Bhagirath Choudhary, State Agriculture Minister and Shri Ram Nath Thakur, State Agriculture Minister and Dr. M L Jat, Secretary - DARE, DG-ICAR 12
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Q1 FY2026-27 Result Highlights Q1 FY2026-27 vs Q1 FY2025-26 Performance Discussion • REVENUE FROM OPERATIONS: Revenues from Operations stood at Rs. 461.93 Crores in Q1 FY2026-27 vs Rs. 528.29 Crores in Q1 FY2025-26. • EBITDA: EBITDA stood at Rs. 55.01 Crores in Q1 FY2026-27 vs Rs. 83.19 Crores in Q1 FY2025-26. • PAT: Profit after tax was at Rs. 36.30 Crores in Q1 FY2026-27 vs Rs. 55.50 Crores in Q1 FY2025-26. FY 2026-27 Guidance • REVENUE FROM OPERATIONS: Lower Single Digit Growth • EBITDA: Expecting decline approx. 200bps 13 528 462 36.03% 35.16% 34.60% 34.80% 35.00% 35.20% 35.40% 35.60% 35.80% 36.00% 36.20% Q1 FY 26 Q1 FY 27 Revenue from Operations and Gross Margin 83 55 15.75% 11.91% 0.00% 5.00% 10.00% 15.00% 20.00% Q1 FY 26 Q1 FY 27 EBITDA and EBITDA Margin 55 36 10.51% 7.86% 0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00% Q1 FY 26 Q1 FY 27 PAT and PAT Margin
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Q1 FY2026-27 Revenue Mix (By Geography) • Well diversified portfolio across key geographies 14 Rs. 462 Crore Rs. 528 Crore 36% 31% 18% 19% 9% 9% 37% 41% Q1 FY 27 Q1 FY 26 North South East West
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Q1 FY2026-27 Revenue Mix (By Segment) Rs. 528 CroreRs. 462 Crore • Well diversified portfolio across business segment 15 25% 23% 14% 11% 42% 50% 19% 16% Q1 FY 27 Q1 FY 26 Insecticides Fungicides Herbicides Others
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Innovation Turnover Index 16 9.05% 12.75% 13.29% 14.93% 13.39% 11.56% FY22 FY23 FY 24 FY25 Q1 FY26 Q1 FY27 New Molecules as a % of Total Revenue
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Q1 FY2026-27 Income Statement Particulars (Rs.in Crores) Q1 FY 27 Q1 FY 26 YoY% FY 26 FY 25 YoY% Revenue from Operations 461.93 528.29 (12.56%) 2019.79 2035.15 (0.75%) COGS 299.50 337.95 (11.38%) 1206.45 1219.06 (1.03%) Gross Profit 162.43 190.34 (14.66%) 813.34 816.09 (0.34%) Gross Profit Margin(as a % of sales) 35.16% 36.03% 40.27% 40.10% Employee Benefit Expenses 46.47 46.69 (0.47%) 189.83 172.07 10.32% Other expenses 60.94 60.46 0.79% 220.03 227.42 (3.25%) EBITDA 55.01 83.19 (33.87%) 403.48 416.61 (3.15%) EBITDA Margin(as a % of sales) 11.91% 15.75% 19.98% 20.47% Depreciation and amortisation expenses 14.49 15.39 (5.85%) 64.22 55.46 15.80% EBIT 40.52 67.8 (40.24%) 339.26 361.15 (6.06%) EBIT Margin(as a % of sales) 8.77% 12.83% 16.80% 17.75% Finance Cost 0.81 1.3 (37.69%) 3.71 5.11 (27.40%) Other Income 8.86 8.04 10.20% 43.01 36.10 19.14% PBT 48.57 74.55 (34.85%) 378.56 392.14 (3.46%) Total tax 12.27 19.04 (35.56%) 91.33 95.18 (4.04%) PAT 36.30 55.5 (34.59%) 287.23 296.96 (3.28%) PAT Margin(as a % of sales) 7.86% 10.51% 14.22% 14.59% Basic EPS 8.06 12.31 (34.52%) 63.72 65.55 (2.79%) 17
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Annual P&L Trend: Focus on Profitable Growth Revenue From Operations and Gross Margin EBITDA and EBITDA Margin PAT And PAT Margin 18 269 263 279 327 417 403 19.4% 17.8% 16.4% 18.6% 20.5% 20.0% FY 21 FY 22 FY 23 FY 24 FY 25 FY 26 211 209 234 239 297 287 15.2% 14.1% 13.7% 13.6% 14.6% 14.2% FY 21 FY 22 FY 23 FY 24 FY 25 FY 26 1,387 1,478 1,700 1,759 2,035 2,020 37.8% 36.5% 34.0% 39.0% 40.1% 40.3% FY 21 FY 22 FY 23 FY 24 FY 25 FY 26
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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 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