Neogen Chemicals announced a strong performance for Q4 and FY26, driven by high plant throughput and strategic growth in battery materials. Consolidated revenue reached INR 862 crore for the full fiscal year. The company is actively scaling its Lithium-ion battery materials segment, with key greenfield projects at Pakhajan and Dahej on track. Management remains confident in achieving significant revenue growth in FY27 as these major facilities commence production.
Financial Performance Highlights
Neogen Chemicals reported a resilient performance for the quarter and financial year ended March 31, 2026. On a consolidated basis, the company achieved annual revenues of INR 862 crore, representing an 11% growth over FY25. For the Q4 FY26 period, the company recorded consolidated revenue of INR 247 crore, a 22% increase compared to the same period in the previous year. EBITDA margins remained stable at 17.8% for the quarter, demonstrating strong operational efficiency despite geopolitical headwinds.
Battery Chemicals Segment Progress
The company is making significant strides in its Lithium-ion battery materials business. The Pakhajan Greenfield Project remains on track, with commercial manufacturing for electrolytes expected in H1 FY27 and electrolyte salts in H2 FY27. The specialized MUIS Electrolyte plant has successfully entered the trial-run phase. Additionally, the company has secured provisional approvals from international customers for its lithium salts, marking a key milestone in its transition to become a reliable supplier in the global battery ecosystem.
Strategic Initiatives and Future Outlook
Neogen Chemicals has bolstered its capital position with a INR 161 crore preferential allotment to promoter group entities, earmarked for expansion and working capital. The company is also making progress on its Dahej replacement plant, which is expected to be commissioned by June 2026. With these growth drivers in place, leadership is confident in achieving a revenue range of INR 875–950 crore in FY27, supported by full production capacity and robust demand for specialty chemicals and battery materials.
Source: BSE
