Privi Speciality Chemicals Limited, formerly Fairchem Speciality Limited, is India's largest manufacturer and exporter of aroma chemicals, holding a >20% global market share in ten products. The company specializes in manufacturing, supplying, and exporting bulk aroma and fragrance chemicals. Incorporated in 1985, Privi Speciality Chemicals Ltd (Formerly known as Privi Speciality Ltd.) is primarily engaged in the manufacturing, supply and exports of aroma and fragrance chemicals used in soaps, detergents, shampoos, and other fine fragrances.
Privi Speciality Chemicals Limited is an India-based manufacturer, supplier, and exporter of aroma and fragrance chemicals. The Company's flagship products include Dihydromyrcenol, Amber Fleur, and Pine Oil. It also develops and produces custom-made aroma chemicals as per the specific requirement of the customers. Its products are used in home care, personal care, fabric care, oral care, fine fragrances, and food products, such as beverages, snacks, dairy products, and sweets, among others.
The Company's manufacturing units are located at Mahad, Maharashtra, and Jhagadia, Gujarat. It has in-house production facilities in Maharashtra and Gujarat and started manufacturing aroma chemicals in 1992 with two products, since expanding to over 50 with an annual capacity of over 32,500 tons. Privi started manufacturing aroma chemicals in the year 1992 with only two products, which it gradually expanded to a range of over 50 products today, having a capacity of over 40,000 tons per annum.
The company has continuously expanded its production capacity over the years. There have been expansions to the production capacity of 18,000mtpa in 2013 and 45,000 mtpa in 2015. The Company has engaged in private placement and a public issue, and formed a technical collaboration with a US company, procuring equipment from Switzerland, Germany, and the US.
Privi Speciality Chemicals has a Market Cap of ₹9,647 Crore (up 59.4% in 1 year) as of the most recent data available. The stock has shown remarkable performance with Privi Speciality Chemicals Ltd share price moved up by 114.73% on BSE over the last 12 months.
The company has delivered exceptional financial performance in recent quarters. Privi Speciality Chemicals reported a 114.44% increase in consolidated net profit to ₹66.52 Crore for Q4 FY2025, with sales rising 26.67%. For the full year, net profit grew 97.03% to ₹187.00 Crore, and sales increased by 19.92%.
For the full year FY2025, net profit rose 97.03% to ₹187.00 Crore in the year ended March 2025, as against ₹94.91 Crore during the previous year ended March 2024. Sales rose 19.92% to ₹2,101.19 Crore in the year ended March 2025, as against ₹1,752.23 Crore during the previous year ended March 2024.
- Revenue (FY2025): ₹2,101 Crore
- Net Profit (FY2025): ₹187 Crore
- Q4 FY2025 Revenue: ₹613.55 Crore
- Q4 FY2025 Net Profit: ₹66.52 Crore
- Market Cap: ₹9,647 Crore (as of latest data)
- Promoter Holding: 74.0%
A joint venture agreement was formed with Givaudan SA in 2022, giving the Company control over 51% of the voting power. This partnership with Givaudan, a global leader in fragrances and flavors, strengthens Privi's position in the international market.
Its subsidiaries include Privi Biotechnologies Private Limited and Privi Speciality Chemicals USA Corporation.
Privi also develops and produces custom-made aroma chemicals as per specific requirement of the customer. The research specialists at in-house R&D center continuously thrive to develop new products and processes. This focus on innovation and customization helps the company maintain its competitive edge in the specialty chemicals market.
Privi achieved 31.8 million safe man hours as on June 30, 2022, and is the recipient of prestigious awards such as 'Certificate of Merit' received from the National Safety Council of India and National Safety Council, Maharashtra Chapter in recognition of appreciable achievement in Occupational Safety & Health in chemical and fertilizer industries group under the manufacturing sector category.
Privi also received the "Rotary Water Award" for the exemplary work in water conservation during the Water Festival - 2017 held at Pune.
The company has achieved record financial performance for Q4 and FY25, driven by strategic product launches and operational efficiencies, while maintaining a robust EBITDA margin of 23.5%. Despite facing challenges related to capacity constraints and market dynamics, management remains optimistic about sustaining growth, particularly through the introduction of new specialty products and expansion into emerging markets. The proactive approach to debottlenecking and enhancing operational processes is expected to support a targeted sales growth rate of 20% to 25% for FY26.
The company continues to focus on expanding its product portfolio and enhancing operational efficiency to capitalize on the growing demand for specialty chemicals globally. With its strong market position, strategic partnerships, and commitment to innovation, Privi Speciality Chemicals is well-positioned to benefit from the ongoing growth in the global aroma chemicals market.
