Privi Speciality Chemicals Reports Record Q2 Performance with 26% Revenue Growth
Privi Speciality Chemicals announced strong Q2 FY26 results with total income of Rs. 678.82 crores, up 26% YoY. EBITDA grew 59% to Rs. 182.14 crores, with a 26.83% margin. PAT doubled to Rs. 90.21 crores. H1 FY26 saw 24% revenue growth and 94% PAT increase. The company achieved 92% capacity utilization, focusing on flagship products and operational excellence. Future plans include capacity expansion to 54,000 metric tons by December 2025 and a target of Rs. 5,000 crores revenue with Rs. 1,000 crores EBITDA in 3-4 years.

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Privi Speciality Chemicals Limited has announced exceptional financial results for the second quarter of fiscal year 2026, showcasing robust growth and improved profitability.
Financial Highlights
The company reported a total income of Rs. 678.82 crores for Q2 FY26, marking a significant 26% year-on-year growth. This performance was complemented by a substantial increase in EBITDA, which reached Rs. 182.14 crores, representing a remarkable 59% year-on-year growth. The EBITDA margin for the quarter stood at 26.83%.
Profit after tax (PAT) for Q2 FY26 more than doubled to Rs. 90.21 crores, compared to Rs. 44.84 crores in the same quarter of the previous fiscal year.
H1 FY26 Performance
For the first half of FY26, Privi Speciality Chemicals achieved:
| Metric | H1 FY26 | YoY Growth |
|---|---|---|
| Total Income | Rs. 1,246.08 crores | 24% |
| EBITDA | Rs. 323.19 crores | 53% |
| EBITDA Margin | 25.94% | - |
| PAT | Rs. 147.76 crores | 94% |
Operational Highlights
The company's strong performance can be attributed to several factors:
- Volume Growth: The revenue increase was primarily driven by a 17% growth in sales volume.
- Capacity Utilization: Privi achieved a high capacity utilization of 92% during H1 FY26.
- Product Mix: The company's focus on flagship products and new product contributions has yielded positive results.
- Operational Excellence: Improvements in process yields, lower operating costs, and optimum manpower utilization have contributed to margin expansion.
Future Outlook
Privi Speciality Chemicals has outlined an ambitious vision for the next three to four years:
- Revenue Target: Rs. 5,000 crores
- EBITDA Target: Rs. 1,000 crores
To achieve these goals, the company is focusing on:
- Capacity Expansion: An additional 6,000 metric tons of capacity is expected to be operational by the end of December 2025, bringing the total capacity to 54,000 metric tons.
- Product Diversification: The company is developing a robust pipeline of new products, including both large-volume offerings and specialty molecules with higher margins.
- Sustainability Focus: Privi's commitment to sustainability has been recognized with awards, including a first prize at the IFEAT 2025 conference and a Platinum rating from EcoVadis.
Management Commentary
Mr. Narayan S. Iyer, Chief Financial Officer, stated, "Our performance was driven by increasing demand across the product portfolio and a favorable product mix. We remain confident that Privi is well-positioned to sustain its growth momentum in the coming periods."
Mr. Sanjeev Patil, Executive Vice President, added, "We are working on multiple products to reduce our dependency on any particular product to around 10% max of our revenue. Our growth strategy includes a mix of volume-driven products and highly specialized chemicals."
With its strong financial performance, strategic expansion plans, and focus on sustainability, Privi Speciality Chemicals appears well-positioned to capitalize on the growing demand in the fragrance and specialty chemicals market.
Historical Stock Returns for Privi Speciality Chemicals
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.57% | -3.52% | +29.65% | +39.98% | +83.09% | +507.70% |































