NOCIL Limited, India's largest manufacturer of rubber chemicals, reported its unaudited financial results for the first quarter of FY27 (quarter ended 30th June, 2026) that were adopted by the Board of Directors at its meeting held on 3rd August, 2026.

Financial Performance

Revenue from operations grew 20% year-on-year to ₹403 crore, primarily driven by increased selling prices due to sharp increase in input costs. Net profit rose 61% to ₹28 crore. EBITDA margin expanded to 11.2%, representing an increase of 210 basis points over the previous year, attributed to improved operating efficiency and inventory gains.

Operational Performance

Volumes grew 9% year-on-year, led by strong double-digit growth in domestic demand following the implementation of GST 2.0, alongside continued conversion of the Company's export pipeline.

Capital Expenditure Announcement

The Company announced a further ₹130 crore brownfield capital expenditure programme at its Dahej facility. This investment is aimed at expanding capacity for peak-utilisation rubber chemical products through an integrated, backward-integrated facility. This is in addition to the ₹250 crore capex programme already underway at Dahej, which has moved into trial production.

The new ₹130 crore investment is targeted for completion by H1FY28 and will be funded largely through internal accruals.

Management Commentary

Mr. V.S. Anand, Managing Director of NOCIL Limited, commented: "Our performance this quarter reflects consistent execution across both our domestic and export businesses in a challenging environment. Beyond the numbers, we are equally focused on building for the future, our expanded investment at Dahej reinforces our commitment to structured capacity augmentation, backward integration and long-term competitiveness in a market that is increasingly looking to India as a reliable manufacturing partner."

Company Background

NOCIL Limited is India's largest manufacturer of rubber chemicals with five decades of expertise and long-term business relationships with tyre majors across 45+ countries. Part of the Arvind Mafatlal Group, the Company operates state-of-the-art manufacturing facilities at Navi Mumbai and Dahej, offering a diversified portfolio of 20+ rubber chemical products including accelerators, anti-oxidants and specialty applications.

The Company's Research Centre is recognised by the Ministry of Science & Technology, Government of India, and holds certifications including ISO 9001, ISO 14001, ISO 45001, IATF 16949, and Responsible Care from the Indian Chemical Council.

Group Information

The Arvind Mafatlal Group is a multi-sector Indian business group operating across textiles, chemicals, education, IT services, and health and hygiene. The Group includes Mafatlal Industries, NOCIL Limited, Get Set Learn and Vrata Tech Solutions. Founded in 1905, the Group has operations in India and the Middle East, serving institutional, industrial, and consumer markets.