Chemkart reported a 14.37% year-on-year decline in standalone net profit after tax (PAT) to ₹207.72 crore for FY26, despite revenue growth of 4.58%.

The nutraceutical ingredients supplier posted revenue from operations of ₹2,125.95 crore for the financial year ended March 31, 2026, up from ₹2,032.79 crore in the previous year. The company also successfully completed its Initial Public Offering (IPO) during the period, raising approximately ₹800.84 crore.

Financial Performance

The company's consolidated total income rose to ₹2,154.94 crore from ₹2,054.56 crore in FY25. However, profit before tax declined by 14.07% to ₹268.89 crore on a consolidated basis, down from ₹324.75 crore.

What the Numbers Show

A significant divergence exists between top-line growth and bottom-line profitability. While revenue expanded moderately, the cost of material consumed surged by 53.13% to ₹114.63 crore, outpacing revenue growth significantly. This input cost inflation, combined with a 46.76% rise in employee benefit expenses to ₹31.20 crore, compressed margins. EBITDA fell 11.66% to ₹289.40 crore, with the EBITDA margin contracting by 251 basis points to 13.61%.

Balance Sheet and Capital Structure

The IPO proceeds materially strengthened the company’s liquidity position. Cash and cash equivalents skyrocketed to ₹364.95 crore, compared to just ₹27.83 crore at the end of FY25. Concurrently, the company reduced its short-term borrowings significantly, bringing them down to ₹49.53 crore from ₹169.26 crore.

Total reserves and surplus more than doubled to ₹1,189.59 crore, driven primarily by the addition of securities premium amounting to ₹541.78 crore from the public issue. The board did not recommend any dividend for the year, opting to reinvest profits to build a strong reserve base.

Operational Updates

The company continues to operate as a one-stop sourcing partner for nutraceutical ingredients, including amino acids, proteins, and vitamins. Management highlighted plans to scale up processing and blending operations at its Bhiwandi facility and integrate its wholly-owned subsidiaries, Easy Raw Materials Private Limited and Vinstar Biotech Private Limited, to capture greater value-added revenue.

Chemkart India Limited has disclosed the e-voting schedule and record date for its 7th Annual General Meeting (AGM). The remote e-voting facility will be available from September 16, 2026, to September 18, 2026. The company fixed September 12, 2026, as the cut-off date to determine eligible shareholders.

The AGM is scheduled for Saturday, September 19, 2026, at 12:00 pm. The meeting will be conducted through Video Conferencing or Other Audio Visual Means (VC/OAVM). Members can attend and vote electronically via Bigshare Services Private Limited. The deemed venue remains the company’s registered office in Mumbai.

Auditor Appointments Pending Ratification

The board previously approved the appointment of M/s Prem Chand Jain & Co., Chartered Accountants, as statutory auditors for a five-year term covering financial years 2026-27 through 2030-31. This appointment, pending shareholder ratification at the 7th AGM, grants the firm office from the conclusion of the current AGM until the 12th AGM in 2031. Prem Chand Jain & Co., holding Firm Registration Number 000066C, operates from Mumbai with branches in Indore, Pune, Bhopal, and Ahmedabad.

In parallel, the board appointed M/s Nirmal Tiwari & Associates as secretarial auditor for the same five-year period (FY27 to FY31). This appointment is also subject to approval at the ensuing AGM. Neither audit firm is related to any directors of Chemkart India Limited, aligning with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Logistics and Voting

CS Nirmal Tiwari, proprietor of Nirmal Tiwari & Associates, has been appointed as the scrutinizer to oversee the voting process. Members who have not registered email addresses are requested to update their details with their Depository Participants or the company to receive the AGM notice and financial statements electronically.