Transcript of Analyst / Fund Managers meeting of BASF India Limited held on 22nd May, 2026 at 4 PM through Audio Visual Means

BASF India reported FY26 consolidated revenue of around Rs 10,000 crores with PBT of Rs 564 crore (down from Rs 600 crore). EPS came in at Rs 97 versus Rs 110 in prior year due to higher input costs from the West Asia conflict. Materials segment is the largest (~1/3 of sales), while Agriculture Solutions contributed Rs 2,000 crore with 7% market share and 8% CAGR. The company is navigating feedstock inflation and currency depreciation while attempting to pass on higher costs to customers with mixed success across segments. CapEx for FY26 was Rs 200 crore with Rs 150 crore already spent on Celasto expansion (going live end-2026) and a new dispersion line in Mangalore (commissioning end-2027). Two major portfolio changes are underway: the Agricultural Solutions demerger (shareholder meeting June 24, 2026, 1:1 ratio) and coatings sale to Carlyle (valuation Rs 230 crore, expected closure Q2 2026, post-closing BASF holds 40%).