Concall Transcript for the Un-audited Financial Results for the Quarter ended June 30, 2026.

07th August , 2026 Listing Department Corporate Relationship Department National Stock Exchange of India Limited BSE Ltd. Exchange Plaza, Phiroze Jeejeebhoy Towers, Plot No. C/1, G. Block, Dalal Street, Bandra- Kurla Complex, Mumbai- 400 001 Bandra East, Mumbai-400 051 Symbol- DHANUKA Scrip Code : 507717 Sub: Transcript of Conference Call held on 03rd August, 2026 with Analysts/ Investors to discuss Un-Audited Financial Results of the Company for the Quarter ended on 30th June, 2026. Dear Sir, In pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015, Please find enclosed the Transcript of the Conference Call held on 03rd August 2026, which was hosted by Antique Stock Broking Limited via telephonic mode with Analysts/ Investors to discuss Un- Audited Financial Results of the Company for the Quarter ended on 30th June, 2026. Please take the above information in your record. Thanking You, Yours faithfully, For Dhanuka Agritech Limited Jitin Sadana Company Secretary and Compliance Officer FCS-7612 Encl: a/a Registered & Corporate Office: Global Gateway Towers, Near Guru Dronacharya Metro Station, MG Road, Gurugram-122002, Haryana Tel: +91-124-434-5000, Email: headoffice@dhanuka.com, Website: www.dhanuka.com CIN: L24219HR1985PLC122802 Dhanuka Agritech Limited Q1FY27 Post-Result’s Conference Call August 03, 2026 MANAGEMENT: MR. M. K. DHANUKA - CHAIRMAN, DHANUKA AGRITECH LIMITED MR. RAHUL DHANUKA - MANAGING DIRECTOR, DHANUKA AGRITECH LIMITED MR. V. K. BANSAL - CHIEF FINANCIAL OFFICER, DHANUKA AGRITECH LIMITED MODERATOR: MR. MANISH MAHAWAR - ANTIQUE STOCK BROKING LIMITED Page 1 of 17 Dhanuka Agritech Limited August 03, 2026 Moderator: Ladies and gentlemen, good day and welcome to Dhanuka Agritech Limited Q1 FY 2027 Post Results Conference Call. As a reminder, all participants’ lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing “*’ then “0” on a touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Manish Mahawar from Antique Stock Broking. Thank you, and over to you, sir. Manish Mahawar: Thank you, Sumit. On behalf of Antique Stock Broking, warm welcome to all the participants on the 1Q FY 2027 Earnings Call of Dhanuka Agritech. Today we have Leadership Team represented by Mr. M. K. Dhanuka – Chairman, Mr. Rahul Dhanuka – Managing Director, and Mr. V. K. Bansal – CFO on the call. Without further ado, I would like to hand over the call to Mr. M. K. Dhanuka for opening remarks. Thank you. Over to you, Mr. M. K. Dhanuka. M. K. Dhanuka: Thank you, Manish Ji. Good afternoon, ladies and gentlemen. Myself, I am M. K. Dhanuka – Chairman of Dhanuka Agritech Limited, and I welcome you all to the Q1 FY 2026-2027 Earnings Conference Call. I have with me Mr. Rahul Dhanuka – Managing Director, and Mr. V. K. Bansal – CFO of the company. As you are aware, Dhanuka Agritech is among India's leading Agrochemical companies with a long-standing commitment towards advancing Indian agriculture through technology-led crop solutions. Over the years, we have built a strong pan-India franchise with deep farmer engagement and a differentiated product portfolio and a robust distribution network. Today we reach more than 10 million farmers across India through approximately 6,500 distributors and over 80,000 retailers. Supported by four manufacturing facilities and 41 warehouses, we continue to strengthen our ability to deliver products efficiently across key agricultural markets. A key differentiator for Dhanuka has been our consistent focus on introduction of innovative and globally relevant chemistries in the Indian market. Our partnership with 10 leading Page 2 of 17 Dhanuka Agritech Limited August 03, 2026 multinational Agrochemical innovators from Japan, Europe, and the U.S. continue to provide us access to the advanced technologies in differentiated solutions for Indian farmers. Our two R&D centers, supported by NABL accredited laboratories and a strong regulatory and product development team, remain focused on product registration, formulation development, and strengthening our future growth pipeline. The Agrochemical industry witnessed a significantly challenging 1st Quarter of FY 2026-2027. 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 1st Quarter to the subsequent month. Industry estimates indicated modest revenue growth while profitability remained under pressure owing to weaker domestic demand and price competition. You are well aware that in the month of June, we had 40% shortfall in the rain, and by the end of July, it came down to 15% shortfall. Even 1% shortfall in the rainfall impacts the sowing areas and the overall growth of the crops. In addition, the sector continued to face challenges arising from elevated raw material and logistics costs during the quarter. Several companies attempted price increases during the initial months of the season to offset higher costs linked to geopolitical tensions in West Asia. However, weak market demand limited the sustainability of such hikes. Against this backdrop, I would like to share that Dhanuka delivered subdued operational and financial performance during the quarter. Revenue from operations for Q1 FY 2026-2027 stood at Rs. 461.93 crores as compared to Rs. 528.29 crores in Q1 of FY 2025-2026, registering a degrowth of approximately 12.56%. EBITDA for the quarter stood at Rs. 55.01 crores and profit after tax stood at Rs. 36.30 crores. Our balance sheet and cash generation continue to remain strong, providing us the flexibility to invest for future growth while overcoming the short-term headwinds and turbulence. The zone-wise contribution to turnover for Q1 FY 2026-2027 was North contributed 36%, East contributed lowest – 9%, West contributed 37%, and South contributed 18%. Product category-wise Share was Insecticides contributed 25%, Fungicides contributed 14%, Herbicides contributed 42%, and others contributed 19%. While the 1st Quarter was impacted by delayed seasonal demand, pricing pressures, and external uncertainties, we believe these are largely cyclical challenges. The long-term growth drivers of Page 3 of 17 Dhanuka Agritech Limited August 03, 2026 the Indian Agrochemical industry remain intact, and we remain optimistic about stronger momentum in the coming quarters. As shareholders of the company, in the 41st annual general meeting held today at 11:00 A.M., 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 the dividend will be declared within due course. The company already rewarded the shareholder with a buyback of 5 lakh equity shares at the rate of Rs. 1,400 per equity share, absorbing Rs. 70 crores. Further, it is to inform you that the company has acquired land at Nagpur, Maharashtra, for setting up a new manufacturing plant. This is in the Butibori zone of Nagpur, the industrial area. The total estimated outlay for the project is expected to be up to Rs. 200 crores. The proposed capacity of the plant will be 23,000 metric ton per 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 five new products consisting of one Liquid Fertilizer, three Fungicides, and one Herbicide. At Dhanuka, we continue to believe that sustainable business growth must go hand in hand with farmer prosperity and national food security. Our continued engagement with agriculture universities, Krishi Vigyan Kendras, and other scientific institutions remains an important part of our farmer educ [Showing first 8,000 characters — download PDF for full document]