• Monsoon regional impact: Rainfall timing and distribution are more critical than the 94% below-normal forecast, with North India protected by groundwater and full dams nationwide, while Central India remains exposed to dry spells on crops like soybean and cotton.
• Quarterly revenue trajectory: Q1 is expected to see a strong increase driven by inventory restocking across the channel, while Q2 will reflect the actual on-ground sales impact depending on monsoon progression.
• Raw material inflation: Input costs for solvents, emulsifiers, and packaging materials have risen by an average of 10–12%, with another 5% increase possible if geopolitical tensions persist, though these higher prices are currently being passed on and accepted by the market.
• Growth and portfolio outlook: Management expects Q4 performance to improve sequentially over Q3 in all respects and remains optimistic about delivering growth in the upcoming fiscal year by deploying a diversified product mix across herbicides, insecticides, and fungicides.