Indian Emulsifiers (IEL) delivered strong FY26 performance: consolidated revenue jumped 56% YoY to ₹160.19 Cr, EBITDA grew 24.6% to ₹26.22 Cr, and PAT rose 22.3% to ₹16.26 Cr.

Margins slightly moderated as IEL prioritized volume and market expansion for its 125+ specialty chemicals.

IEL's growth strategy is aggressive: a new greenfield manufacturing facility is planned by FY27 to enhance capacity.

Globally, Southern Emulsifiers is targeting Australia's high-potential mining explosives market, aiming for ₹75 Cr revenue in 3 years with field trials underway.

Polaris Specialty Chemicals is now the US distribution arm, expanding IEL's reach in key sectors.

Domestically, Spartan Professional Products marks a strategic shift into finished Home & Personal Care formulations, leveraging both white-label and own-brand models.

Management projects a robust 40-50% revenue CAGR over the next three years, driven by an expanding product portfolio and market reach.

Synergistic acquisitions are also on the radar to boost global presence.