Aether Industries Limited a Surat-based specialty chemicals manufacturer, has reported a consolidated revenue of Rs 259 crore for the first quarter of FY26, marking a 35% year-on-year increase from Rs 192 crore in the same period last year.
The company’s EBITDA stood at Rs 78 crore with a margin of 30%, reflecting a 94% growth compared to Q1 FY25. Profit After Tax (PAT) for the quarter was Rs 47 crore, up 57% from the previous year. Aether attributed the growth to improved operational efficiencies and continued focus on high-value segments.
Aether’s business mix for the quarter comprised 37% from Contract/Exclusive Manufacturing (CEM), 10% from Contract Research and Manufacturing Services (CRAMS), and the remainder from large-scale manufacturing. The company has also begun construction of a new manufacturing site (Site-5) at Panoli GIDC, with Phase 1 expected to be operational by the end of 2025. An adjacent land parcel has been acquired, expanding the site to 46 acres.
During the quarter, Aether signed a 10-year contract manufacturing agreement with Milliken Chemical and Textile (India) Co. Private Limited, a subsidiary of U.S.-based Milliken & Company. The agreement is expected to support higher capacity utilisation and stable long-term revenues. Expansion work has commenced at Site-3+, with production expected to start by the end of FY26.
Commenting on the performance, Rohan Desai, Co-Founder and Director – Commercial, said the results reflect the company’s focus on innovation and its progress toward establishing a stronger global presence.