DHARMAJ

What Dharmaj Crop Guard promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q4 FY26

what the last two calls moved 12 tracked 2 delivered 1 missed 9 open
  • Topline Growth delivered, diluted said Q4 FY25 Promised: 20% to 25% in all segments Q4 FY26: Achieved 20% YoY revenue growth for FY26 (₹1138 cr), hitting the low end of the 20-25% guidance. However, this was below the refined ₹1150-1200 cr target and branded formulation growth was only 3%, missing the 'all segments' qualifier.
  • Technical Segment Revenue went quiet said Q4 FY25 Promised: Rs. 250 crores to Rs. 260 crores Q4 FY26: Management did not provide the final FY26 revenue figure for the technical plant. They stated the plant achieved PBT breakeven and the domestic active ingredient business grew 37%, but the specific ₹250-260 crore target was not addressed.
  • Brazil Subsidiary Registration delayed said Q2 FY26 Promised: Register subsidiary and start business Q4 FY26: No update provided on the Brazil subsidiary registration, which remains on hold as per Q2 FY26 update.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 12 tracked commitments for Dharmaj Crop Guard — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens