**GSP Crop Science: Q1 FY27 Performance & Future Outlook** **Business Performance:** Revenue remained stable at ₹3,860 Cr, driven by strong domestic growth.

International sales saw a temporary impact from raw material availability issues.

Gross Profit rose 10% YoY to ₹1,424 Cr, with margins improving to 37% due to a better product mix.

Net Profit After Tax (PAT) grew 16% YoY to ₹264 Cr. **Growth Drivers/Strategy:** The company is focusing on expanding its global footprint, particularly in Brazil and Latin America, leveraging its R&D and diverse product portfolio.

A key strategy is R&D innovation, with a growing revenue share from patented products and a focus on high-growth generic opportunities.

Backward integration via the Saykha facility aims to secure raw materials and improve margins. **Recent Developments:** GSP Crop Science launched a new patented insecticide-fungicide mixture and two new herbicides in the domestic market.

They also expanded sales operations to Kerala. **Management Commentary/Outlook:** The company is committed to strengthening its balance sheet by using IPO proceeds for debt reduction.

Future plans include developing new active ingredients and targeting off-patent molecules for generic market opportunities.

Expansion of manufacturing reach and deepening customer relationships are also key priorities.