BASF India LimitedChemicalsBASF
Q1 FY27 concall · earnings callBASF India Limited
The company delivered a record first quarter with revenue up 29% and PBT up 166%, while executing portfolio simplification through the demerger of the agricultural solutions business and sale of the coatings business.
Numbers
| Metric | This quarter | Change | Five-quarter trend |
|---|---|---|---|
| Q1 FY27 Revenue | ₹4,998 Cr | +29% | |
| Q1 FY27 PBT (before exceptional items) | ₹499 Cr | +166% | |
| FY26 Revenue | ₹15,539 Cr | +2% | |
| FY26 PBT (before exceptional items) | ₹564 Cr | -9% | |
| Dividend per share (FY26) | INR25 | — |
Financials
From filed quarterly results. YoY and QoQ compare each metric on the same accounting basis.
| Quarter | Revenue | Net profit (PAT) | Basic EPS |
|---|---|---|---|
| Q3 FY25 | ₹3,758.67 Cr+13% YoY-11.5% QoQ | ₹103.55 Cr-26.1% YoY-19.1% QoQ | ₹23.90-26% YoY-19.3% QoQ |
| Q2 FY25 | ₹4,247.72 Cr— YoY+7.1% QoQ | ₹127.93 Cr— YoY-42% QoQ | ₹29.60— YoY-42% QoQ |
| Q1 FY25 | ₹3,966.90 Cr— YoY+18.1% QoQ | ₹220.57 Cr— YoY+36.6% QoQ | ₹51.00— YoY+36.7% QoQ |
| Q4 FY24 | ₹3,359.97 Cr— YoY+1% QoQ | ₹161.43 Cr— YoY+15.3% QoQ | ₹37.30— YoY+15.5% QoQ |
| Q3 FY24 | ₹3,326.26 Cr— YoY— QoQ | ₹140.06 Cr— YoY— QoQ | ₹32.30— YoY— QoQ |
TL;DR
- Revenue increased 29% YoY in Q1 FY27.
- Profit before tax and before exceptional items increased 166% YoY in Q1 FY27.
- Demerger of agricultural solutions approved; listing targeted for first half of 2027.
- Coatings business sale completed; proceeds of ~INR230 crores received.
- Key investments like Cellasto expansion in Dahej are on track.
- Renewable energy share in manufacturing expected to reach 75-80%.
Said on the call
“Our revenue experienced an increase of 29% from INR3,875 crores to INR4,998 crores owing to higher volumes and better price realization. On the profitability front, our profit before tax and before exceptional items increased by 166% from INR188 crores to INR499 crores.”
From the Q&A
| Topic | What management said |
|---|---|
| Demerger & Portfolio Strategy | Management stated the demerger aims to unlock shareholder value and align with 'empowerment, simplification and differentiation', making the ag business a standalone pure-play. The listing of the new entity (BASIL) is targeted for the first half of 2027, subject to approvals. They clarified that post-demerger, the remaining entity will focus on strengthening its core businesses. |
| Capacity Utilization & Capex | Overall capacity utilization was reported at 82-87% for FY26. Key growth investments include the Cellasto expansion in Dahej (INR104 crores work-in-progress) and a new dispersion line in Mangalore (INR5.6 crores work-in-progress). The Cellasto facility is expected to go live by end of 2026. |
| Market Share & Competitors | Management named competitors segment-wise (e.g., Bayer, Syngenta in agchem; Dow, Covestro in polyurethanes). They stated the aim is to be top-tier in each segment and shared that the ag business market share has grown to around 7% from 3% a few years ago. |
| Macro & Geopolitical Impact | Management acknowledged higher input costs due to geopolitical issues and a delayed monsoon impacting herbicide sprays, making the second half difficult to predict. However, they highlighted a strong Q1 performance and noted over 90% of import payables are hedged to manage currency volatility. |
| Export & Financial Details | Export sales were 2-2.5% of total sales (INR403 crores in FY26). R&D spend was INR47.8 million. Cash balance was INR869 crores as of March 31, 2026. There are no current plans for a stock split. |
| Sustainability & CSR | Renewable energy share across manufacturing sites is expected to reach 75-80% through partnerships like Clean Max. CSR spend for FY27 is planned at INR13.16 crores. The company aims for net zero CO2 emissions by 2050. |
Guidance
- Target listing of demerged agricultural solutions entity (BASIL) in the first half of 2027.
- Expect Cellasto expansion in Dahej to go live by the end of 2026.
- Expect new dispersion production line in Mangalore to go live by the end of 2027.
- Aim to increase renewable energy share in manufacturing to 75-80%.
- Do not provide forecasts or outlook regarding future business performance or financial results.
Source
Summary written from the transcript filed by BASF India Limited for the call held on 12 Aug 2026; published 18 Aug 2026, 18:58 IST.
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