Key takeaway: Management reported that Jain Irrigation Systems Limited achieved a revenue of approximately INR 1,800 crores in Q4 FY26, reflecting a nominal growth of 4.3% compared to the same period last year. The Hi-Tech business, primarily focused on drip irrigation, grew by 8%, while the Agro Processing segment saw a 6% increase. Overall EBITDA grew by 7%, with Hi-Tech EBITDA increasing by 22%. Management noted challenges in the Plastic business due to high raw material prices and a slow quarter. For the entire fiscal year, revenue grew by 11%, with Hi-Tech business growth exceeding 20%. Management highlighted a significant increase in raw material prices in March, which impacted demand, but noted that prices have since stabilized. The company plans to focus on cash flow and debt repayment, with a goal of generating substantial operating cash flow in FY27. Management expressed cautious optimism about future growth, particularly in the food and Hi-Tech segments.

Key takeaway: During the Q3 FY26 Earnings Conference Call held on February 4, 2026, management reported a revenue growth of approximately 17.4%, reaching nearly Rs. 1,600 crore. The Hi-Tech business, which includes drip irrigation and tissue culture, grew by 16%, while the plastic and agro-processing segments saw growths of 18% and 18.5%, respectively. Management noted a significant increase in retail sales, which rose by 24%, indicating a shift towards more efficient working capital cycles. However, export sales declined by 34% compared to the previous year. EBITDA for the quarter was reported at 10.5%, down from 12.9% in the same period last year, attributed to lower production in certain segments due to seasonal challenges. Management expressed confidence in achieving a 15% overall revenue growth for the year and highlighted ongoing investments in food processing and beverage lines. They also discussed the impact of recent FTAs on export opportunities.