- Strong Q1 FY25 performance with 19.3% YoY revenue growth to Rs. 489.7 crore
- EBITDA grew 12.5% YoY to Rs. 64.9 crore, with 13.3% margin
- PAT increased 19.5% YoY to Rs. 34.9 crore
- HPPC division: 75% of revenue, grew 21% YoY to Rs. 365 crore
- Textile Specialty Chemicals: 20% of revenue, grew 21% YoY to Rs. 98 crore
- Animal Health & Nutrition: 5% of revenue, flat at Rs. 27 crore
- Focus on R&D and new product development, especially in green chemistry
- Expansion of ethoxylation capacities at Dahej facility
- Expanding presence in export markets like Bangladesh, Vietnam, and Egypt
- Growing institutional cleaning chemicals business
- Strong growth in exports, up nearly 50% YoY
- Cross-selling between subsidiaries increasing
- Focus on biosurfactants and other green chemistry products
- Tailwinds: Growing demand in home textiles exports, recovery in agro sector
- Headwinds: Challenges in Animal Health & Nutrition segment
- Adding 20,000 tons capacity for HPPC products at Dahej
- Adding 30,000 MT ethoxylation capacity at Unitop’s Dahej facility
- New product launches in esters, biosurfactants, and silicone block polymers
- Increase in container freight rates impacting logistics
- Focusing on FOB contracts to manage freight volatility
- Expecting continued strong growth in HPPC and Textile segments
- Institutional cleaning business target of Rs. 250 crore for FY25
- Positive outlook for home textiles exports
- Expecting agrochemical uptake to improve in coming months
- Opportunities in exports, especially Bangladesh textile market
- Risks from freight rate volatility and working capital management
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