Himadri Speciality Aims to Double Profitability by FY28 with Strategic Expansion
Himadri Speciality Eyes 2x Profit by FY28, Pushes Into EV Materials and Tyres
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Himadri Speciality Chemicals Ltd (HSCL), India's largest specialty carbon black manufacturer, plans to more than double its profitability by FY28 through strategic growth in high-value segments and diversification. The company aims to enhance operations in EV materials and tyres while focusing on innovation and sustainability.
- 01Himadri plans to double profitability by FY28 through strategic growth.
- 02Key focus areas include expanding carbon black capacity and entering EV materials.
- 03The company aims to reduce India's dependence on imports for dyes and pigments.
- 04Himadri is also scaling operations at Birla Tyres for higher-margin products.
- 05Shares of Himadri have seen a 40% return over the past year.
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Himadri Speciality Chemicals Ltd (HSCL), based in India, has unveiled a strategic roadmap aimed at more than doubling its profitability by FY28. The company, which reported strong revenue and profit growth in Q4FY26, is focusing on three key pillars: high-value growth, diversification for business resilience, and sustained profitability improvement. Chairman and CEO Anurag Choudhary emphasized the role of innovation and research and development (R&D) in shaping the company's future. For FY27, HSCL plans to fully utilize its expanded specialty carbon black capacity and scale operations at Birla Tyres, targeting higher-margin segments like off-highway tyres and commercial vehicles. Additionally, the company is pursuing forward integration in its chemicals segment with plans to launch an anthraquinone and carbazole facility, reducing reliance on imports in dyes and pigments. By Q3FY27, HSCL expects its lithium iron phosphate (LFP) cathode active material plant to be operational, contributing to revenue growth alongside its expanded carbon black capacity and specialty chemicals business. Currently, shares of Himadri Speciality Chemicals are trading at ₹607.75 on the National Stock Exchange (NSE), reflecting a 40% increase over the past year.
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Himadri's expansion into EV materials and tyres could enhance local manufacturing capabilities and reduce reliance on imports, benefitting the Indian economy.
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