Himadri Speciality Chemicals has outlined a strategic roadmap built on three core pillars, aiming to more than double its profitability by FY28. The company plans to leverage investments made over the past few years to accelerate revenue growth and improve margins. According to Chairman and CEO Anurag Choudhary, innovation remains central to this strategy, with R&D deeply embedded in the company’s business model and culture.
Capacity Expansion to Drive Near-Term Growth
Looking ahead to FY27, Himadri will focus on maximizing output from its expanded speciality carbon black capacity. This move is expected to strengthen its core business and support consistent revenue growth. At the same time, the company plans to scale operations at Birla Tyres, targeting entry into high-margin segments such as off-highway tyres (OHT) and commercial vehicle tyres.
Forward Integration in Specialty Chemicals
In its core chemicals segment, Himadri is advancing forward integration initiatives to manufacture anthraquinone and carbazole. The company expects these projects to be completed by the second quarter of the current financial year. Importantly, these new facilities will help reduce India’s dependence on imports for key inputs used in dyes and pigments, while also improving value realization. The company continues to emphasize disciplined capital allocation, ensuring sustainable returns and maintaining a strong return on capital employed (ROCE) profile.
Entry into Advanced Battery Materials
Himadri is also making a strategic push into the energy storage value chain. The first phase of its LFP (Lithium Iron Phosphate) cathode active material plant is expected to become operational by the third quarter of FY27. The initiative positions the company to benefit from growing demand in electric vehicles (EVs) and energy storage systems, thereby diversifying its revenue streams.
Strengthening Consumer and Specialty Product Portfolio
The company plans to aggressively scale its Durofresh brand of naphthalene balls. This expansion will further strengthen its consumer product portfolio and contribute to steady cash flows. By FY28, Himadri expects to achieve a full year of operations across several growth drivers, including expanded carbon black capacity, new anthraquinone and carbazole plants, increased output from the LFP cathode material facility and full-scale operations of the naphthalene balls business. Additionally, through Birla Tyres, the company plans to enter the passenger car radial segment, including tyres for the rapidly growing EV and SUV markets.
Positioned for Sustainable, Multi-Segment Growth
As reported by thehindubusinessline.com, Himadri’s two-year roadmap reflects a balanced growth strategy, combining capacity expansion, forward integration, and diversification into high-growth segments. As a result, the company is well-positioned to enhance profitability, reduce import dependency, and capitalize on emerging opportunities across chemicals, mobility, and energy storage sectors.
