Oriental Aromatics Limited has released its comprehensive investor presentation for February 2026, providing stakeholders with detailed insights into the company's business operations and strategic positioning in the specialty chemicals sector.

Business Operations and Manufacturing Infrastructure

The company operates across four key business segments through strategically located manufacturing facilities. The aroma chemicals and camphor operations are based in Bareilly (Uttar Pradesh), Vadodara (Gujarat), and Mahad (Maharashtra), while the flavours and fragrances division operates from Ambernath (Maharashtra).

The company's research and development capabilities are supported by two specialized facilities: the Centre for Innovation in Mumbai and a process re-engineering laboratory in Vadodara. The Mumbai facility houses a state-of-the-art synthesis lab with 20-25 research associates, while the Vadodara lab focuses on developing new turpentine chemical products.

Global Market Presence

Oriental Aromatics maintains a significant international footprint, with FY25 geographical sales showing a 55% domestic and 45% international split. The company exports to multiple countries across six continents, including markets in Africa (Egypt, Kenya, Nigeria, Zambia), Asia (Indonesia, Japan, Malaysia, South Korea), Europe (Germany, Netherlands, Spain, United Kingdom), and the Americas (Brazil, Mexico, Argentina).

Product Portfolio and Applications

The company's diverse product range spans multiple categories within the specialty chemicals sector. In aroma chemicals, Oriental Aromatics manufactures pinene derivatives, sandalwood derivatives, specialty aroma chemicals, and musk compounds. The product applications extend across cosmetics, soaps, pharmaceuticals, fine fragrances, incense sticks, food products, and various FMCG items.

Industry Market Dynamics

According to the presentation, the global aroma chemicals market was valued at USD 6.55 billion in 2025 and is expected to expand at 7.7% CAGR to reach USD 8.82 billion in 2029. The flavours and fragrances market was valued at USD 33.3 billion in 2024 and is projected to reach USD 44.6 billion by 2033, growing at 3.15% CAGR.

The Indian flavors market reached INR 4,592 crore in 2024 and is expected to reach INR 8,513 crore by 2033 at 6.75% CAGR. The luxury perfume market in India is estimated to reach USD 1.6 billion from 2025 to 2030, growing at 8.6% CAGR.

Regulatory Compliance

The investor presentation was submitted to BSE Limited and National Stock Exchange of India Limited on February 25, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The presentation has also been uploaded on the company's website at www.orientalaromatics.com as required under Regulation 46 of the listing regulations.

Oriental aromatics Limited has announced that ICRA Limited has reaffirmed the company's credit ratings while revising the outlook from stable to negative. The rating agency communicated this decision through their letter dated February 23, 2026, covering financial instruments worth Rs. 393.33 crore.

Credit Rating Details

ICRA Limited maintained the existing credit ratings across Oriental Aromatics' financial instruments but implemented an outlook revision. The rating reaffirmation covers both fund-based and non-fund-based facilities across different tenures.

Regulatory Compliance

The company disclosed this information in compliance with Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The announcement also adheres to SEBI circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, which mandates timely disclosure of credit rating actions.

Communication and Documentation

Oriental Aromatics Chairman & Managing Director Dharmil A. Bodani signed the regulatory filing on February 23, 2026. The company has uploaded the complete rating information on its official website at www.orientalaromatics.com for stakeholder access.

The rating reaffirmation maintains Oriental Aromatics' existing credit profile while the negative outlook revision indicates ICRA's assessment of potential challenges in the company's credit fundamentals over the rating horizon.