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Revenue
₹100 Cr
verification pending
Revenue YoY
-12%
reported change
EBITDA
₹4 Cr
latest reported figure
Source
manual review required
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Fairchem Organics reported a weak Q3 FY26 with revenue of ₹100 crore (down 12% YoY) and EBITDA margin of 4.2%, impacted by lower paint segment demand, elevated raw material costs, and Chinese dumping in dimer acid. Exports to the US were negligible due to trade policy uncertainty. Management expects gradual recovery from H2 FY27, driven by US/UK/EU trade deals and potential removal of Chinese export subsidies. The company is focusing on cost reduction, new product development, and forward integration into animal feed. Key risk: continued margin pressure if Chinese dumping persists and trade deals are delayed.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects volume and value growth to begin in H2 FY27, with better numbers visible from that period.
- All volume growth will come from existing capacity (55% utilization); no significant capex required.
- The animal feed plant is ready; production will start after GMP certification. Initial small capacity, expand later.
- A new product (name undisclosed) is expected to go into production by Q3 FY27, using existing capacity.
Risks flagged
- Chinese suppliers benefit from export incentives (~13%) and lower import duty (7.5% vs 16.5% on raw materials), pressuring margins.
- Lower uptake from paint segment due to market share disruption from new entrants; no major recovery seen yet.
- Recovery hinges on US/UK/EU trade deals; any delay or unfavorable terms could prolong export weakness.
- Edible oil prices have risen 25% in last two months; import duty differential (16.5% on raw materials vs 7.5% on finished goods) hurts competitiveness.
Key quotes
- We are fairly confident that the worst quarter is behind us and now every quarter we'll see volume and value growth happening.
- Our problem is that raw material is coming at a higher price and finished product is coming at a lower price. In addition there is dumping from China.
- We don't expect any further capex to happen. This was one way to increase the promoter's holding in the company.
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