Aarti Industries FY26 AGM: Revenue up 12%, EBITDA up 15%; growth roadmap laid out
AARTIIND · price
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At its 43rd AGM on Sep 21, 2026, Aarti Industries shared an investor presentation. FY26 consolidated revenue rose 12% to Rs 9,018 Cr and EBITDA grew 15% to Rs 1,172 Cr. Volumes grew over 30% but agrochem margins stayed under pressure. Key updates include a $150mn multi-year supply contract with a global agro major (till March 2030), an amended 15-year backward integration contract requiring Rs 200-250 Cr capex, and JVs (Augene, Re Aarti, DCA, chemical recycling) set to commission in FY27. Management outlined FY26-28 EBITDA growth drivers: Rs 150-200 Cr cost optimisation, Rs 350-550 Cr volume and margin ramp-up, and Rs 300-450 Cr capex-led growth. EcoVadis Platinum rating achieved.
Positive on long-term growth visibility from new contracts and JVs commissioning, though near-term agrochem margin pressure and higher debt from working capital build-up remain concerns.