Oriental Aromatics Limited — Investor Meet, 26-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Oriental Aromatics crossed INR 1,030 Cr revenue in FY26, up 11% YoY. However, EBITDA margins compressed to 6.60% (from 10.06%) and PAT declined, primarily due to raw material cost inflation, currency depreciation, and a 1-1.5% drag from the Mahad plant's ramp-up.

Management is in consolidation mode, focused on volume growth, market share, and rebuilding margins structurally through internal efficiency programs. The Mahad facility, expected to reach EBITDA neutrality at 75-80% utilization within a year, will contribute INR 60-65 Cr at optimum capacity. Challenges include Indian camphor overcapacity and passing on significant raw material price hikes (25-27%) in a competitive market. Outlook: Cautious yet optimistic, prioritizing profit preservation.