Laxmi Organic Industries Limited — Investor Meet, 02-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Laxmi Organic's Q1 FY26 revenue fell nearly 4% despite 8% volume growth. Essentials saw 4% growth but lower prices and 2% EBITDA as acetic acid prices slumped. Specialty revenue dropped 18% (16% EBITDA) due to an agro product phase-out and deferred orders; H2 FY26 expected stronger. Management believes Essentials spreads are near bottom. Key projects are on track: Lote Fluoro ramping up for 40-60% peak revenue in FY26, Dahej facility nearing mechanical completion by Q4 FY26 for FY27 ramp-up. Hitachi Energy project capex fits existing INR 1,100 Cr plan. Company prioritizes cost control and efficiency, positive on future growth.