Mumbai, April 8 -- The agency has affirmed the company's long-term and short-term rating at '[ICRA] A' and '[ICRA] A2+', respectively.

ICRA stated that the 'positive' outlook on the rating reflects ICRA's expectations that the revenues and profit margins of the Sanathan Group are likely to improve, going forward, led by the commercialisation of a new plant by the end of Q1 FY2026.

Post the completion of the ongoing expansion project in SPPL, the group's capacity will double by the end of Q1 FY2026 and will help the company to further strengthen its operating profile on the back of better product mix and proximity to both raw material sources and consumption centres.

The management also expects the new plant to report better operating p...