Consolidated Q2 FY27 Financial Performance
Revenue Performance:
- Highest-ever quarterly revenue of Rs. 697.6 crores
- 19.0% year-on-year growth
Profitability Metrics:
- Highest ever quarterly EBITDA of Rs. 87.0 crores
- 20.9% year-on-year EBITDA growth
- EBITDA margins stood at 12.5%, up by 20 basis points
- Profit After Tax stood at Rs. 38.9 crores (remained subdued due to higher depreciation from investments in long-term projects)
- Gross margin maintained at approximately 32%
International Business:
- Highest-ever export sales of Rs. 216.4 crores
- 33.8% year-on-year export growth
Cash Flow and Balance Sheet:
- Strong Cash flow from Operations at Rs. 131 crores
- Net working capital improved to 86 days as of September 2026 from 97 days as of March 2026
- Net debt declined to Rs. 221 crores from Rs. 281 crores as of March 2026
Consolidated H1 FY27 Financial Performance
Revenue Performance:
- Total revenue for the half-year stood at Rs. 1,394.8 crores
- 23.4% year-on-year growth
Profitability Metrics:
- EBITDA increased to Rs. 167.6 crores
- 19.9% year-on-year EBITDA growth
- EBITDA margins stood at 12.0%, lower by 40 basis points
- Profit After Tax stood at Rs. 74.0 crores
Key Business Updates and Segment Performance
Kingdom of Saudi Arabia (KSA) Facility:
- Board approved leasing of land by Rossari International Limited Company (wholly owned subsidiary)
- For setting up a greenfield manufacturing facility in the Kingdom of Saudi Arabia
- Builds on in-principle approval granted by the Board earlier
Home, Personal Care and Performance Chemicals (HPPC):
- Successfully completed Stage 1 EXCiPACT audit for Pharma business
- Strategically expanding preservative and mild surfactant portfolio
- Q2 FY27 YoY growth: 18%
Textile Specialty Chemicals (TSC):
- New geographies added: Peru and Indonesia
- New products introduced:
- Yarn and thread lubricants portfolio expanded
- Spin-finish for Fully Drawn Yarn (FDY)
- New product category for denim processing
- Q2 FY27 YoY growth: 26%
Animal Health and Nutrition (AHN):
- New range of disinfectants introduced
- Emulsifiers for poultry feed as new product category
- Liquid enzymes for exports
- Biosurfactant based gut health modulator for poultry
- Q2 FY27 YoY growth: 11%
Other Operational Updates:
- Agro business was sluggish because of El Niño
- Commissioned one of India's largest EO storage facility at Unitop site
Management Commentary
Mr. Edward Menezes, Promoter & Executive Chairman, and Mr. Sunil Chari, Promoter & Managing Director commented:
Performance Drivers:
- Robust consolidated growth of 19% YoY in Q2FY27
- Performance driven by healthy momentum in domestic business and continued expansion of international presence
- Growth was broad-based, led by healthy volume, improved product mix and focused execution across businesses
- Supported by higher contribution from value-added products and improved wallet share with customers
Operating Environment:
- Dynamic business environment marked by raw material volatility, geopolitical uncertainty and cautious customer behavior
- Despite headwinds, maintained gross margin at ~32% and EBITDA margin at ~12.5%
Strategic Initiatives:
- Progress in strengthening balance sheet and improving cash flow generation
- Strategic initiatives include monetizing non-core assets, rationalizing lower-margin businesses and improving product mix
- Confident that operating leverage, scale benefits and initiatives will support progressive improvement in profitability
Future Outlook:
- Strong R&D capabilities, expanding capacities, healthy balance sheet and growing global footprint
- Well placed to build integrated, intelligent and impactful specialty chemicals platform
- Positioned to deliver sustained long-term growth