Higher agrochemical prices coupled with monsoon uncertainty are likely to weigh on Indian Q2FY27E performance. According to a 360 ONE Capital report, the Indian agrochemical sector faces immediate headwinds as a combination of rising raw material costs and unpredictable weather patterns threatens to dampen demand during the critical Kharif cropping season. The report highlighted that global El Nino concerns are gaining traction, which could severely impact pesticide consumption across multiple geographies, and "India in particular is sensitive to below-normal monsoon, which dampens Kharif season pesticide offtake. Indian agrochemical companies have flagged raw material inflation and ongoing product price increases in post-4QFY26 concalls."