Indian Emulsifiers Limited reported a 57% year-on-year increase in revenue to ₹159.87 crore for the financial year ended March 31, 2026. Profit after tax rose 21.83% to ₹16.20 crore, while EBITDA increased 24.22% to ₹26.15 crore. The company attributed the growth to market expansion and volume growth, despite a challenging global environment. The earnings conference call transcript was released in compliance with Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Managing Director Mr. Yash Tikekar stated that the company prioritized volume growth and geographic expansion, which moderated EBITDA margins during the year. He noted that operating profit before working capital changes rose 19.12% to ₹25.94 crore. Working capital deployment increased to ₹50.73 crore from ₹36.31 crore, with debtor days rising from 110 to 131 days due to engagement with larger customer bases. Creditors' days improved, keeping the cash conversion cycle stable. The company made a strategic inventory build-up in response to supply crises and raw material price volatility, expecting efficiency improvements as supply chains optimize.

Financial Performance

Expansion and Future Plans

Long-term debt increased to ₹25.95 crore, primarily deployed towards a new quality control and R&D facility, infrastructure for a certified food-grade emulsifier range, and additional equipment. Construction of a Greenfield manufacturing facility at C3 is progressing and is expected to be operational by the end of FY27. The company has also purchased an adjoining plot to triple its QC and R&D space and add capacity for food-grade products. Theoretical capacity at the new facility is expected to be 400 to 500 metric tons, with space provision for an additional 300 to 500 tons later.

The company is building international depth through subsidiaries in Australia, USA, and India. In Australia, three containers were shipped in the last quarter of FY26, with a target of ₹75 crore cumulative revenue over three years. The American subsidiary is expected to contribute from FY27 onwards. Mr. Tikekar announced that the company will commence quarterly earnings calls starting from the current quarter to improve communication with shareholders.

Indian Emulsifiers Limited has confirmed that its promoters, promoter group, and Persons Acting in Concert (PACs) did not create any encumbrance, directly or indirectly, on the company's shares during the financial year ended March 31, 2026. The disclosure ensures that the shareholding structure of the company remains free from pledged assets for the specified period, which is a critical compliance requirement under securities laws.

The confirmation was submitted by Yash Sunil Tikekar, Managing Director, on behalf of the promoters, promoter group, and PACs. The communication was addressed to the National Stock Exchange of India Ltd. on April 06, 2026, in accordance with Regulation 31(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Regulatory Compliance Details

The filing serves as an annual declaration mandated by the market regulator to maintain transparency regarding the holdings of key stakeholders. The absence of encumbrance indicates that the promoters have not used their shareholding as collateral for borrowing purposes during FY26.

The declaration covers all promoters, members of the promoter group, and other PACs holding shares in the company. The document was signed by Yash Sunil Tikekar, holding the designation of Managing Director and DIN 02206485.