Meghmani Organics Reports Q4 FY26 Results: Revenue from Operations at ₹ 456.6 Crore

Meghmani Organics Reports Q4 FY26 Results: Revenue from Operations at ₹ 456.6 Crore​

Meghmani Organics Limited (MOL), a fully integrated diversified chemical company, has announced its financial results for the fourth quarter and the financial year ended March 31, 2026. The company’s performance data highlights varied trends across its key segments, including Crop Protection and Pigments.

Financial Highlights for FY26​

For the quarter under review (Q4 FY26), the company reported revenue from operations of ₹ 456.6 crore. This represented a 9% year-over-year decline, while EBITDA stood at ₹ 26.2 crore, down 59% from ₹ 64.6 crore in the corresponding quarter the previous year.

On an annual basis for the financial year 2026 (FY26), MOL reported robust growth in revenue and EBITDA. Revenue from operations stood at ₹ 2,091.8 crore, marking a 4% increase year-over-year from ₹ 2,003.9 crore in FY25. EBITDA grew by 27% year-over-year to ₹ 228.7 crore, up from ₹ 180.3 crore in FY25.

The annual net profit saw a substantial increase, reaching ₹ 125.3 crore, an 89% rise from ₹ 66.4 crore recorded in FY25.

The financial performance metrics are summarized in the following table:

Segment Performance​

The company's revenue profile is dominated by two main segments:

Crop Protection:

• Crop Protection contributed approximately 78% of the overall company's revenue in FY26.
• Revenue and EBITDA for the segment were ₹ 1,631.2 crore and ₹ 243.6 crore, respectively.
• The EBITDA margin for this segment stood at 14.9%.
• Capacity utilization in the segment for FY26 was 72%.

Pigments:

• Pigments accounted for roughly 22% of the overall company's revenue in FY26.
• Revenue and EBITDA for the segment were ₹ 460.6 crore and ₹ 15.00 crore, respectively.
• The EBITDA margin for the segment stood at 3.3%.
• Capacity utilization in the segment for FY26 was 40%.

Management Commentary and Operational Updates​

Mr. Ankit Patel, Chairman and Managing Director, commented on the FY26 performance, noting that while the financial year started on a positive trajectory with gradually improving demand, export volumes faced pressure in the second half of FY26. This pressure was attributed to subdued demand due to macroeconomic uncertainties, including US tariffs and geopolitical headwinds. Higher input costs also put pressure on margins, despite stable realizations.

In the Crop Nutrition segment, the company strengthened its product portfolio by adding three new nano fertilizer products: Nano DAP, Nano NPK, and Nano Zinc. These products will be manufactured at the Sanand facility in Gujarat, utilizing existing infrastructure without additional capital expenditure.

Regarding Titanium Dioxide (TiO2), operations have been temporarily suspended. This suspension follows commercial unviability resulting from elevated raw material costs and weaker price realizations subsequent to the withdrawal of the anti-dumping duty (ADD).

Meghmani Organics Limited operates as a fully integrated diversified chemical company, maintaining a global presence in over 75 countries. The company is positioned amongst the top three global Phthalocyanine based pigment players and is among the top-10 manufacturers of pesticides in India. The company sources approximately 85% of its top line from export markets as of FY26.

MOL Stock Price Movement​

Meghmani Organics Limited shares today slipped by 2.50% to settle at ₹52.4, marking a challenging close in the agrochemicals space. The stock saw robust selling pressure, trading on a volume of 2.23 million shares during the session.