Mumbai, July 29 -- On the segmental front, Essentials revenue and Specialties revenue for Q1 FY26 was Rs 485.8 crore (up 4% YoY) and Rs 207.1 crore (down 18% YoY), respectively. Total volumes grew by 8%.

The company said that reduction of Acetic Acid prices in the Essentials segment, anticipated phase out of a product serving the agricultural solutions industry and deferment of deliveries of few products impacted revenue in Q1 FY26.

EBITDA fell by 57% to Rs 30.8 crore in Q1 FY26 from Rs 71.2 crore in Q1 FY25. EBITDA margin for Q1 FY26 was 4.4% as against 9.9% in Q1 FY25.

Profit before tax for the first quarter was Rs 14.2 crore, down by 74% from Rs 54 crore posted in the same period last year.

Rajan Venkatesh, MD & CEO, said: "The glo...