Oriental Aromatics Limited — Investor Meet, 16-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Oriental Aromatics Limited (OAL) reported Q3 FY26 revenue of Rs. 252.03 Cr (+13% YoY), but EBITDA was Rs. 13 Cr (5.26% margin), leading to a net loss of Rs. 1.92 Cr. This largely reflects seasonal softness, pricing pressure in aroma ingredients, and the ongoing ramp-up costs at Mahad. Despite this, volumes showed strength with Q3 production up 3% YoY and sales volumes up 10% YoY. The fragrance division remains a strong performer. Mahad is currently at 30-35% utilization, expected to stabilize in the coming quarters. Positive US and EU trade deals are seen as potential catalysts for future sales. Management aims for 8-10% sales growth for FY26, emphasizing sales maximization and cost efficiency.