Chemicals maker BASF India's quarterly profit falls on sluggish agrochemicals demand

SRF

30/07/2025 10:14

July 30 (Reuters) - Chemicals maker BASF India BASF.NS reported a 33.3% slump in first-quarter profit on Wednesday, hurt by sluggish demand for agrochemicals.

The Indian arm of Germany's BASF BASFn.DE said profit fell to 1.47 billion rupees ($16.8 million), from 2.21 billion rupees a year earlier.

The company posted a 5.4% fall in overall sales.

For further highlights, click (Full Story)

KEY CONTEXT

Agrochemical companies faced weak demand in both Indian and overseas markets during the quarter, weighing on overall volume growth.

Analysts said the segment remained vulnerable to weaker crop prices in wholesale markets, especially for pulses, coarse grains, vegetables, and spices.

Still, they expect demand for agrochemicals, which include insecticides and pesticides, to pick up in the coming months, helped by a possible shift towards more normal weather and predictable rainfall compared to last year.

PEER COMPARISON

Valuation (next 12 months)
Estimates (next 12 months)
Analysts' sentiment
RIC
PE
EV/EBITDA
Revenue growth (%)
Profit growth (%)
Mean rating*
No. of analysts
Stock to price target**
Div yield (%)
BASF India
BASF.NS
28.15
16.52
10.04
52.82
Hold
1
0.91
0.40
Coromandel International
CORF.NS
30.22
19.87
8.02
27.40
Buy
10
0.96
0.49
Deepak Fertilisers and Petrochemicals Corp
DPFE.NS
17.18
9.29
10.19
18.19
Buy
1
1.00
0.65
SRF
SRFL.NS
44.14
23.86
13.60
44.42
Hold
25
1.03
0.25

* The mean of analyst ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell

** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT

APRIL-JUNE STOCK PERFORMANCE

-- All data from LSEG IBES

-- $1 = 87.3720  Indian rupees

BASF India April-June https://tmsnrt.rs/4m1Nz4o

 (Reporting by Yagnoseni Das in Bengaluru; Editing by Harikrishnan Nair)

 ((Yagnoseni.Das@thomsonreuters.com;))