Kesar Petroproducts

Kesar Petroproducts reported a resilient performance in Q3 FY26 despite US-India tariff headwinds. The company successfully pivoted from crude CPC to higher-margin alpha/beta blue pigments, now contributing ~15-18% of margins, while crude sales dropped to 1-2%. Capacity utilization stands at 65-70% across 2,400 tpmCurrent 2,400 tpm. Reported change: N/A. alpha blue and 3,600 tpmCurrent 3,600 tpm. Reported change: N/A. beta blue. Management reiterated full-year guidance of 100% bottom-line growthCurrent reported value: 100% bottom-line growth. No comparable prior figure is available in the source record. and 15-16% EBITDA marginsCurrent reported value: 15-16% EBITDA margins. No comparable prior figure is available in the source record., driven by the commercial launch of technical-grade complex fertilizer (3,600 tpaCurrent 3,600 tpa. Reported change: N/A.) in Q4 and upcoming zinc phosphate. Long-term guidance of 18-20% CAGRCurrent reported value: 18-20% CAGR. No comparable prior figure is available in the source record. topline growth over three years was reaffirmed. Key risk: continued tariff ambiguity or copper price volatility could disrupt supply chains and margin expansion.