Sharda Cropchem Limited (NSE:SHARDACROP) reported Q2 FY27 revenue of Rs. 1,052 crores, up 13% year over year, according to its October 2026 investor presentation. EBITDA rose 18% to Rs. 164 crores, and EBITDA margin widened 70 basis points to 15.6%.
The company said the revenue gain came mainly from better pricing, a more favorable product mix and positive foreign exchange effects. Volumes fell 5.1%.
Segment results were mixed. The agrochemical segment grew 5% to Rs. 840 crores. The non-agrochemical segment rose 68% to Rs. 212 crores. Gross profit increased 18% to Rs. 378 crores, and gross margin improved 140 basis points to 35.9%. Profit before tax, excluding forex gains, rose 17% to Rs. 108 crores.
By product, insecticides grew 18% to Rs. 263 crores. Herbicides fell 1% to Rs. 432 crores. Fungicides rose 2% to Rs. 144 crores.
By region, Europe agrochemical revenue fell 7% to Rs. 429 crores. The company attributed the decline to extended heat and drought in Central and Eastern Europe and described it as temporary and weather-related. NAFTA agrochemical revenue rose 6% to Rs. 227 crores, and non-agrochemical revenue rose 94% to Rs. 152 crores. According to the earnings call, NAFTA margins were about 40%. Latin America agrochemical revenue jumped 81% to Rs. 128 crores.
For the first half of FY27, total revenue reached Rs. 2,125 crores, up 11%, and EBITDA rose 22% to Rs. 343 crores. The company reported 3,044 product registrations across more than 80 countries and invested Rs. 419 crores in capital expenditure in H1 FY27.
Following the November 2, 2026 results announcement, shares rose 3.07% to $685.50. The article reports the stock remains about 47% below its 52-week high of $1,297.