In today’s briefing:
- Event Driven: India Glycol, A Demerger Catalyst, Capacity Expansion
Event Driven: India Glycol, A Demerger Catalyst, Capacity Expansion
- The demerger of three verticals will separate biopharma and profitable spirits from bio-based specialties and performance chemicals will be the catalyst for the company.
- The expansion in potable spirits, set for completion by March 2025, is expected to drive growth in this segment, alongside anticipated recovery in the core chemical business.
- The Potable spirits segment accounted for 45% of revenue but contributed 58% of EBITDA margins, benefiting from backward integration that drives higher margins.
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