Aether Industries Limited, a specialty chemicals manufacturer headquartered in Sachin GIDC, Surat, announced robust financial results for Q1 FY26. The company’s performance reflected accelerated momentum powered by innovation, operational efficiency, and a strategic focus on sustainable growth.
Revenue and Profit Surge
Aether reported revenues of ₹259 crore for Q1 FY26, a sharp rise from ₹192 crore in Q1 FY25. EBITDA stood at ₹78 crore, with margins expanding to 30%, marking a 94% year-on-year growth. Profit After Tax (PAT) climbed 57% to ₹47 crore, delivering an 18% PAT margin. Improved cost management and higher production efficiency were key contributors to this performance.
Expansion of Manufacturing Capacity
The company continued to deepen its focus on Contract/Exclusive Manufacturing (CEM) and Contract Research and Manufacturing Services (CRAMS), which remain pivotal revenue drivers. To meet rising demand, Aether commenced construction of its new manufacturing facility (Site-5) at Panoli GIDC on the Surat–Ahmedabad highway.
Phase 1: Two production blocks are scheduled to become fully operational by the end of calendar year 2025.
Land acquisition: An adjacent parcel expanded the total project area to 46 acres, further strengthening the company’s infrastructure and expansion roadmap.
Strategic Partnership with Milliken
In June 2025, Aether signed a ten-year contract manufacturing agreement with Milliken Chemical and Textile (India) Co. Pvt. Ltd., a wholly owned subsidiary of the US-based Milliken & Company. The partnership underscores Aether’s world-class R&D and manufacturing expertise while ensuring stable long-term revenue.
As per the press release, following the agreement, the company initiated expansion activities at Site-3+. It also completed all regulatory clearances and began equipment procurement. Commercial production under the CEM model for Milliken’s strategic products is expected to start by the end of FY26.
Leadership Perspective
Rohan Desai, Co-Founder and Director–Commercial at Aether Industries, said, “Our Q1 FY26 performance reflects innovation-led growth, commitment to sustainability, and our vision of building a globally recognized brand. Strategic partnerships with global leaders like Milliken continue to pave the way for a stronger and brighter future for Aether Industries.”
