PI Industries Limited manufactures plant protection and specialty plant nutrient products and solutions under its agri-inputs business. It is also a leading custom synthesis and manufacturing (CSM) company in India, providing contract research and contract manufacturing services to global innovators. Consolidated revenue fell 12.4% YoY to Rs. 1,565cr in Q4FY26 amid global agrochemical downcycle and just-in-time buying plus export delivery scheduling and domestic demand faced inventory-led pricing pressure. Agro chemic mal segment revenue decreased 14.2% YoY to Rs. 1,461cr mainly due to weaker agchem export shipments amid a global industry contraction, while domestic revenues softened due to elevated channel inventories. Pharma segment grew 23.3% YoY to Rs. 105cr in Q4FY26, aided by new...