Vinati Organics has achieved a strong revenue of Rs 5.53 billion in the latest quarter, showing a 19.5% year-on-year and 5.4% quarter-on-quarter growth.
The company has reiterated its revenue growth guidance of 20% for FY25, with its main product, ATBS, contributing 36% of total revenue in Q2FY25. The antioxidants segment is also expected to double its revenue to Rs 2.6 billion in FY25 from Rs 1.3 billion in FY24.
The company has started commercial production of MEHQ and guaiacol, and samples have been sent to customers for approval, which is anticipated to significantly boost revenue from FY26. Key projects, such as the expansion of ATBS, the establishment of a phenol plant, and the introduction of additional antioxidants, are progressing as planned and are expected to be operational in the second half of FY25.