J.G.Chemicals Limited — Investor Meet, 21-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

JG Chemicals reported H1 FY'26 revenue of Rs. 438 Cr (+6% YoY) and EBITDA of Rs. 45 Cr (10.29% margin). Q2 saw Rs. 220 Cr revenue (+4% YoY) and 9.94% EBITDA margin, temporarily impacted by higher cost inventory. Management expects improved margins with stabilizing logistics and zinc prices. The company targets increasing non-rubber revenue from 15% to over 30% in 4-5 years, aiming for 13-14% consolidated EBITDA margins. Dahej expansion (Phase-1 by H1 FY'27) will add 40,000 MTPA capacity, targeting Rs. 900 Cr revenue potential and boosting presence in ceramics, specialty chemicals, and agro. Trials for a new recycled rubber product are set for Q4 FY'26. Management expresses confidence in growth drivers and strategic priorities.