BASF India Limited — Investor Meet, 27-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

BASF India delivered a strong Q4 FY26 with revenue up 10% and volumes soaring 12-15%. Full-year revenue rose 1% on 6-7% volume growth, though pricing and higher input costs impacted full-year PBT. Q4 PBT significantly improved to 90 Cr (vs 25 Cr YoY). Net working capital increased by ~600 Cr, with free cash flow at -300 Cr. Management acknowledged geopolitical uncertainties and potential demand softening. Focus is on navigating challenges, boosting market share, and margin protection. Key projects like Celasto expansion (live end-2026) and a new dispersion line (live end-2027) are progressing. The Agri Solutions demerger is on track to unlock value, while the Coatings business carve-out (valued at 230.16 Cr) is set for Q2 2026 close. India is a strategic growth market for BASF.