Indian Emulsifiers Limited — Investor Meet, 28-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Indian Emulsifiers reported H2 FY'25 revenue of INR 50 Cr, up 58% YoY, and PAT of INR 6.31 Cr, up 26%. FY'25 revenue grew 54% to INR 102.66 Cr, with EBITDA at INR 21.05 Cr (+42%) and PAT of INR 13.30 Cr (+51%). Growth was driven by volume gains, operating leverage, and new products in personal care, mining, lubricants, and textiles. Capacity expansion in Maharashtra will boost monthly output by ~50% from August, supporting 40-45% revenue CAGR over three years. Margins are set to improve with scale and better procurement. Inventory days aim to drop from ~100 to 60-70. The product mix includes ~125 items, with 20-25 core products generating most sales, split evenly between direct and indirect channels. Management highlighted strong competitive positioning versus multinationals and is exploring inorganic growth. The outlook remains positive with broad industry and geographic diversification.