Aarti Industries Limited — PPTs, 04-05-2026: Investor Presentation

Aarti Industries posted strong Q4 FY26 results with broad-based volume growth.

**Business Performance:** Q4 revenue increased 9% YoY, although it saw a 3% QoQ dip. EBITDA surged 30% YoY, while PAT jumped 43% YoY. For the full year, FY26 revenue reached ₹9018 Cr. Agrochemical segment margins remained challenging, and higher exports led to increased working capital and finance costs.

**Growth Drivers:** The company is focused on cost optimization initiatives across value chains, improving yields and energy efficiency. Strategic growth areas include ramping up MMA, DCB, NT, and specialty chemical volumes.

**Recent Developments:** MMA capacity expanded to 290 kTPA, with further expansion to 360 kTPA underway. Two new long-term contracts were secured in Q4. Joint Ventures with Superform and Re Aarti (chemical recycling) are progressing, expected to commission in H1FY27 and CY26, respectively.

**Management Outlook:** AIL aims for an EBITDA of ₹1,800-2,200 Cr and ROCE above 15%, with Debt/EBITDA below 2.5x for FY26-FY28. FY26 Capex was about ₹1125 Cr. Expect consistent volume growth over the next three years, driven by new projects commissioning in FY27.