Deepak Nitrite Limited, a leading producer of chemical intermediates in India, caters to diverse industries including dyes, pharmaceuticals, agrochemicals, and more. With seven state-of-the-art manufacturing facilities, the company exports to over 50 countries worldwide.

In Q2 FY26, the company reported a marginal QoQ revenue increase to ₹1,922 crore, reflecting stability despite challenging conditions, although YoY revenue declined by 6%. EBITDA also showed a sequential increase by 5%, reaching ₹224 crore.

Deepak Nitrite is countering headwinds in its Advanced Intermediates segment through geographical diversification and investing in debottlenecking to maintain volume and market share despite US tariffs and Chinese competition.

The company is advancing its diversification and growth strategy with new projects, including an Acid Unit and MIBK/MIBC projects, both expected to be operational by Q4 FY26, positioning it for future growth.

The inauguration of a new R&D center in Vadodara signifies a commitment to innovation and strategic growth through enhanced product development capabilities, benefiting its position in niche segments like life sciences and polymer technology.