Aries Agro Reports Strong FY26 Growth With Rs 957 Crore Revenue

Standalone revenue rose 17.87% to Rs 917.64 crore in FY26; company eyes Rs 1,010 crore for FY27.

Reader Takeaway: Strong booking visibility provides revenue certainty, while geopolitical and climate risks pose potential headwinds for growth.

What just happened

Aries Agro Limited has posted its financial results for FY 2025-26, showing significant operational growth. The company reported a consolidated gross revenue of Rs 956.88 crore. Standalone revenue grew to Rs 917.64 crore, marking a 17.87% increase over the previous year. Profitability remains stable, with consolidated EBITDA at Rs 88.86 crore and Profit Before Tax (PBT) at Rs 60.29 crore.

Why this matters

The company has demonstrated improved operational efficiency, specifically in its working capital cycle. Inventory turnover improved to 71 days from 124 days in 2021-22, while trade receivables were reduced to 46 days from 100 days. Furthermore, import dependence for raw materials has dropped to 13%, insulating the firm from some international supply chain shocks.

Operational Highlights

Subsidiaries were key contributors to the annual performance. Mirabelle Agro Manufacturing Pvt. Ltd. saw revenue growth of 48.98%, while Aries Agro Equipments Pvt. Ltd. recorded a massive 91.81% jump. Additionally, the company commenced operations at its new 6,000 MT facility in Sayakha, Bharuch, in February 2026, bringing total capacity to 101,400 MTPA with a current utilization of 72.55%.

Outlook: FY 2026-27

Looking ahead, management remains cautious regarding global fertilizer export restrictions, geopolitical uncertainties, and potential El Niño impacts. Despite this, the company has secured Rs 1,084.40 crore in flash bookings from 1,788 dealers across 22 states. This strong order book supports an estimated gross revenue target of Rs 1,010 crore for the next fiscal year.

Risks to watch

Investors should monitor the impact of subdued farm-gate prices and climate-related disruptions. While the booking pipeline is strong, the translation of these bookings into realized revenue will depend on the stability of the agricultural market throughout the year.

What to track next

Watch for quarterly margin trends and the company’s success in scaling its climate-resilient product segment as a hedge against industry-wide volatility.