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Gem Aromatics Ltd

Q3 FY26Chemicals & Petrochemicals

Gem Aromatics Q3 FY26 earnings call: Revenue & Margins

Q3 FY26 earnings call: what management said on revenue, margins and capex.

Price₹176
Market cap₹964 Cr
P/E678.7
Updated23 Aug 2026
Read4 min read

Gem Aromatics Ltd Q3 FY26 key numbers

Revenue
The existing GEM facility is expected to contribute around INR400 crores by FY’28, growing from a Q2/Q3 run-rate of INR320 crores.

As stated in Gem Aromatics Ltd's Q3 FY26 earnings call transcript · published 16 Jul 2026. Reported figures, not investment advice.

The short version

GEM Aromatics targets revenue of INR1,050 to INR1,100 crores by FY’28 with an EBITDA margin of 16% to 18%. The company targets revenue of INR 1,050 to INR 1,100 crores by FY’28 with EBITDA margins of 16% to 18% (Page 19).

From Gem Aromatics Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • GEM Aromatics targets revenue of INR1,050 to INR1,100 crores by FY’28 with an EBITDA margin of 16% to 18%.
  • The Dahej (Krystal) facility is expected to ramp up to 50%-60% utilization by Q1 FY’28 and potentially reach peak revenue of INR750 to INR800 crores by FY’29.
  • Krystal's contribution to revenue is projected at INR650 to INR700 crores with the balance from GEM, subject to product mix adjustments.
  • The existing GEM facility is expected to contribute around INR400 crores by FY’28, growing from a Q2/Q3 run-rate of INR320 crores.
  • Growth is backed by capacity ramp-up at Dahej, diversification of products, and expanding into institutional customers, especially in cooling agents.

2 more points from Gem Aromatics Ltd's call on revenue

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Profitability & Margins

See what Gem Aromatics Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • The company has invested approximately INR 250 crores in the new Dahej facility (Krystal Ingredients), with INR 20-25 crores remaining to be spent.
  • The Dahej facility is designed as a flexible multipurpose manufacturing platform, supporting rapid product transitions and improved asset utilization.
  • The asset turnover target for the Dahej plant is 3x, aiming for INR 750 to INR 800 crores revenue by FY '29 at peak utilization.
  • The ramp-up plan targets 50%-60% utilization by Q1 FY '28, with all products expected to come online by Q1 FY '27.

2 more points from Gem Aromatics Ltd's call on capex

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Top-ranked in Chemicals & Petrochemicals

Ranked on what management guided this quarter

Guidance-ranked
1Shiv Texchem
Rev 1Mar 2
Rev 1Mar 3
3
Rev 1Mar 3
4
Rev 1Mar 3
5
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Gem Aromatics Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

  • Q4 is historically the strongest quarter for order booking, especially from the US and export markets.
  • Customers have largely depleted inventories over Q2 and Q3, leading to increased inquiries and expected order flows in Q4.
  • The company anticipates a higher volume of orders compared to Q2 and Q3 but is cautious about exact numbers due to various market uncertainties.

2 more points from Gem Aromatics Ltd's call on order book

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Gem Aromatics Ltd — Quarterly revenue & net profit

Revenue Net profit Net loss
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹110 Cr, net profit ₹1 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

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Frequently Asked Questions

What were Gem Aromatics Ltd Q3 FY26 results?

GEM Aromatics targets revenue of INR1,050 to INR1,100 crores by FY’28 with an EBITDA margin of 16% to 18%. The company targets revenue of INR 1,050 to INR 1,100 crores by FY’28 with EBITDA margins of 16% to 18% (Page 19).

What is Gem Aromatics Ltd share price analysis?

Gem Aromatics Ltd currently shows a neutral. The stock trades at a P/E of 678.7 with a market cap of ₹964 Cr. Investors should review the full earnings analysis for detailed insights.

Is Gem Aromatics Ltd planning capital expenditure?

The company has invested approximately INR 250 crores in the new Dahej facility (Krystal Ingredients), with INR 20-25 crores remaining to be spent.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.