Himadri Speciality Chemical Ltd reported record financial results for the quarter ended 30 June 2026 (Q1 FY27) through a media/press release submitted to BSE and NSE.

Financial Performance

  • Revenue: ₹1,432 Crores (consolidated) - highest ever quarterly
  • EBITDA: ₹313 Crores - record quarterly, with EBITDA margin of 22%
  • Profit After Tax: ₹228 Crores - record quarterly, with PAT margin of 16%

The performance was attributed to improved product mix across core business and continued ramp-up in speciality materials, despite geopolitical challenges.

Growth Projects Announced (15 July 2026)

Carbon Nanotube (CNT) Manufacturing Facility:

  • Successfully developed indigenous CNT technology through in-house R&D
  • Planned capex: Approximately ₹70 Crores
  • Capacity: 200 MTPA
  • Target commissioning: Q4 FY27 (January-March 2027)
  • Applications: Lithium-ion batteries, electronics, semiconductors, conductive films, sensors, advanced composites, coatings, construction, aerospace

Super Speciality Carbon Black (SSCB) Project:

  • Leveraging fully integrated carbon black platform
  • Capacity: Approximately 6,000 MTPA converted from existing carbon black stream
  • Proposed capex: Approximately ₹170 Crores
  • Target commissioning: Q4 FY28 (January-March 2028)
  • Applications: Lithium-ion batteries, engineered plastic, fabrics, fibers, coating, conductive black

New Energy Materials Business Update

Anode Materials:

  • Commissioned 200 MTPA facility at Mahistikry, West Bengal in April 2026
  • Backed by over a decade of in-house R&D across full anode technology stack
  • Feedstock flexibility enabling backward integration

Cathode Materials:

  • Entering LFP Cathode Active Materials market
  • 2,000 MTPA commercial capacity targeted for commissioning in Q3 FY27 (October-December 2026)
  • Long-term ambition: 200,000 MTPA facility with Phase I capacity of 40,000 MTPA

Strategic Investments

Sicona:

  • Strategic investor Himadri noted Sicona secured AUD 45 million funding from Australian Renewable Energy Agency (ARENA)
  • Funding to accelerate commercialization of next-generation silicon-carbon anode technology

International Battery Company (IBC):

  • Himadri increased stake from 17.29% to 19.44%
  • Reaffirming confidence in long-term growth potential

Birla Tyres Update

  • Advanced turnaround and growth strategy during Q1 FY27
  • Progress in plant recommissioning, organisational integration, and commercial operations
  • Market reach: 49 distributors (40 domestic, 9 international) and over 1,000 dealers
  • New product launches: AGRILEAP T40, AGRIPLUS and AGRIWIN series for agricultural applications
  • Future plans: Introduce nearly 400 additional SKUs across agriculture, commercial vehicle, truck & bus segments
  • Planned entry into passenger car radial (PCR) market, particularly EV and SUV categories
  • Dedicated PCR facility targeted for commissioning in FY28

Core Business Performance

Speciality Carbon Black:

  • Deepening presence across high-value applications through technology-led product development
  • Supported by integrated value chain and growing speciality portfolio

Coal Tar Pitch:

  • Strengthening market leadership through scale, reliability and export infrastructure
  • Leveraging world's largest single-location fully integrated carbon complex
  • Expanding access to international markets

Anthraquinone and Carbazole Project

  • Total planned capacity: 5,300 MTPA
  • Phase I: 2,600 MTPA targeted for commissioning in Q2 FY27 (July-September 2026)
  • Phase II: 2,700 MTPA targeted for Q2 FY28 (July-September 2027)
  • Expected to reduce India's reliance on imports in dyes and pigments
  • Expanding Himadri's presence in high-value speciality chemicals

Awards and Recognition

  • EcoVadis Platinum Medal for second consecutive cycle (top 1% globally)
  • Platinum at LACP 2025/26 Spotlight Awards for Sustainability Report (second consecutive win)
  • 14th Golden Globe Tiger Awards 2026 in Kuala Lumpur for Best Overall Sustainable Performance
  • Inclusion in 2025 Burgundy Private Hurun India 500 among India's most valuable companies
  • International Safety Award (ISA) 2026 – Merit from British Safety Council

Company Overview

Himadri Speciality Chemical Ltd operates as a global speciality solutions company with products serving 61 countries across industries including lithium-ion batteries, electric mobility, paints, plastics, tyres, technical rubber goods, aluminium, graphite electrodes, agrochemicals, defence, and construction chemicals.

Portfolio includes advanced battery materials, speciality carbon black, coal tar pitch, refined naphthalene, SNF & PCE, speciality oils, and clean power solutions. Operates eight zero-liquid-discharge manufacturing facilities and meets 100% of electrical energy requirements through in-house clean power generation.