Himadri Speciality Chemical Ltd delivered a robust financial performance for the quarter and year ended March 31, 2026, driven by stable volumes, improved margins, and a strategic focus on value-added products. For FY26, the company reported revenue from operations of ₹4,660.7 crore. In Q4FY26, revenue stood at ₹1,288 crore, marking a ~14% year-on-year growth compared to Q4FY25.
Strong Profit Growth and Record Financial Performance
The company achieved record-breaking profitability during FY26, underlining its operational strength and strategic discipline.
*EBITDA reached an all-time high of ₹1,006 crore, up ~19% YoY
*Profit Before Tax (PBT) stood at ₹1,001 crore, rising ~24% YoY
*Profit After Tax (PAT) surged to ₹755 crore, up ~36% YoY
*In Q4FY26, performance remained strong:
*EBITDA: ₹280 crore (↑ ~21% YoY)
*PBT: ₹268 crore (↑ ~19% YoY)
*PAT: ₹208 crore (↑ ~34% YoY)
These results highlight consistent execution, improved margins, and sustained stakeholder confidence.
Commissioning of First Anode Material Facility
On April 23, 2026, Himadri achieved a major milestone by commissioning its first anode material production facility at Mahistikry, West Bengal, with an initial capacity of 200 MTPA. The facility is the result of over a decade of in-house R&D in anode chemistry. Notably, the company has developed the entire technology stack—from raw material processing to finished anode materials—indigenously.
A key differentiator lies in its use of high-purity coal tar pitch produced in-house, ensuring superior quality, consistency, and performance. Furthermore, the fully integrated manufacturing ecosystem strengthens supply chain resilience while enabling scalability and adaptability to alternative raw materials. With rising global demand for electric mobility and energy storage, this move positions Himadri strongly in the advanced battery materials segment.
Expansion of Speciality Carbon Black Capacity
In parallel, the company commenced operations at its new 70,000 MTPA speciality carbon black line at Mahistikry. Total carbon black capacity now stands at 250,000 MTPA and speciality carbon black capacity has increased to 130,000 MTPA. The expansion transforms Mahistikry into the world’s largest single-location speciality carbon black facility. Consequently, Himadri now ranks among the top five global manufacturers in this segment. The enhanced capacity strengthens its ability to cater to high-value applications across batteries, plastics, inks, paints, coatings, and conductive solutions.
Birla Tyres Sees Strong Revival Momentum
FY26 also marked a significant turnaround for Birla Tyres. Operations resumed in Q1FY26, accompanied by a refreshed brand identity.
Key highlights include:
*Expansion across India and select global markets
*Portfolio growth with products such as KalaPatthar, Shaan+, BT339, and Ultra Trac
*Distribution network expanded to 43 distributors and over 1,000 dealers
In Q4FY26, the company further strengthened its agri-segment by launching AgriPlus and AgriWin tractor tyre series.
Strategic Growth Initiatives and Future Outlook
Himadri is strengthening its position in clean-tech and energy materials through innovation and strategic partnerships. Upcoming anthraquinone and carbazole facility to reduce import dependence in dyes and pigments. LFP cathode active material project progressing, with 2,000 MTPA capacity targeted by Q3FY27. Full Phase I capacity expected to be operational by FY29. Additionally, the company signed a technology licensing agreement with Sicona to commercialise silicon-carbon anode technology in India. Himadri has also acquired a stake in International Battery Company, enabling real-world validation and scaling of its lithium-ion battery materials.
Leadership Perspective
Anurag Choudhary, CMD and CEO, stated that FY26 represents a defining year where “ambition met execution.” He emphasised that the company’s record results are not a peak but a foundation for future growth. He was also honoured with the Business Today India’s Best CEO Award 2026 (Chemicals) at BT MindRush 2026.
As per the press release, overall, Himadri’s FY26 performance reflects a balanced strategy combining operational excellence, innovation-led growth, and sustainability. With continued investments in advanced materials and clean technologies, the company is well-positioned to capitalise on emerging global opportunities in energy transition and speciality chemicals.
