Rallis India Q1 revenue rises 6.8%, but Nuvama keeps Reduce with ₹216 target
Rallis India reported Q1 FY27 revenue of ₹1,020 crore, supported by 15% growth in domestic formulations volume. Nuvama retained its Reduce call, flagging weak sowing, potential Q2 sales returns and pressure on export active-ingredient pricing.
Tata Group agro-sciences company Rallis India posted Q1 FY27 revenue growth above expectations, helped by domestic formulations volumes. Nuvama retained its Reduce rating and Rs 216 target, citing weak sowing, potential Q2 sales returns and adverse export active-ingredient pricing.
Why this matters
The revenue update follows Rallis India reporting a 31% Q1 profit rise to ₹125 crore, while SBI Mutual Fund reduced its stake to 7.12%, highlighting stronger earnings alongside investor and demand risks.
Retail-company signals are accelerating, up +981400% QoQ.