New Delhi, July 10 -- India's agrochemical sector is likely to report muted earnings in the first quarter of FY27, with exporters expected to outperform companies focused only on the domestic market, according to a report by Anand Rathi.

The report said agrochemical companies are expected to post subdued revenue growth of 3 per cent year-on-year in the first quarter of FY27, while EBITDA is likely to decline 3 per cent year-on-year.

It attributed the weak performance to delayed monsoon rains, which postponed sowing activities and pushed sales into the second quarter of FY27.

The report also said price hikes implemented between March and May 2026 to offset higher raw material costs due to tensions in the Middle East were rolled back ami...