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Privi Specialty revenues stood at ₹666.2 crore, up 19% YoY

ICICIdirect Research 31 Jul 2026 DISCLAIMER

News: Privi Specialty revenues stood at ₹666.2 crore, up 19% YoY driven by broad-based demand across domestic and export markets. GPM, however, were down ~650 bps YoY and stood at 37.3% due to spike in raw material cost. EBITDA for the quarter stood at ₹152.3 crore, up 15% YoY, translating to margins of 23%, down just ~80 bps YoY, despite sharp GPM fall due to comparatively lower increase in employee and other expenses. PAT for the quarter stood at ₹82.8 crore, up 44% YoY.

View: The management highlighted that the expansion projects are progressing as planned and will be ready for commercial operations in second half of 2028. One of their export consignments caught fire at a CFS warehouse near JNPT costing ₹2.78 cr. The company has filed for insurance claim and is confident of receiving the same. We await management commentary on more insights about the performance.

Impact: Positive

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