Deepak Nitrite announced its Q2 & H1 FY2026 results, showcasing resilient performance amidst challenging market conditions. While revenues experienced a slight dip year-over-year, the company strategically navigated headwinds through operational efficiencies and a focus on high-value sectors. The company’s emphasis on innovation and sustainability continues to drive long-term growth.
Financial Performance Highlights
Deepak Nitrite reported a total revenue of ₹1,922 Crore in Q2 FY26. EBITDA stood at ₹224 Crore for the same quarter. For H1 FY26, the total revenue was ₹3,836 Crore. These figures reflect a resilient performance amidst a dynamic market environment.
Segment Performance
The Phenolics segment demonstrated strong performance, achieving a 2% sequential revenue growth. The Advanced Intermediates business faced headwinds, but the company maintained stable volumes by expanding into new geographies and focusing on cost management.
Strategic Initiatives and Growth Drivers
Deepak Nitrite remains focused on key strategic initiatives, including capacity enhancements, value addition, and increasing innovation. The company’s new R&D center at Savli, Vadodara, signifies its commitment to driving innovation in life sciences, specialty chemicals, and application-based intermediates.
Project Updates
The Acid Unit is expected to be fully operational by Q4 FY26. The MIBK/MIBC Project is progressing well and targeted for commissioning by the end of Q4 FY26. These projects are crucial for the company’s future growth and integration strategies.
CMD’s Message
Mr. Deepak C. Mehta, Chairman & Managing Director, commented on the company’s performance, emphasizing the importance of backward and forward integration. He also highlighted the company’s commitment to innovation and sustainability.
Outlook and Future Strategy
The company’s outlook includes baseline growth from augmented capacity, establishment of compounding assets for Polycarbonate resin, and a reduced carbon footprint through renewable energy sourcing.
Source: BSE
