Deepak Nitrite reported a sharp improvement in its June quarter (Q1 FY27) financial performance, with profit more than tripling and operating margins doubling compared to the same period a year ago.

The specialty chemicals manufacturer, headquartered in Vadodara, Gujarat, also announced that its board has approved a ₹2,500 crore capital investment to construct a new Bisphenol A (BPA) manufacturing facility, marking the company's next major phase of capacity expansion.

Bisphenol A is a key industrial chemical primarily used in the production of polycarbonate plastics and epoxy resins, which find applications across automotive, electronics, construction, and packaging industries. Deepak Nitrite already operates a BPA plant at its Vadodara complex, and the new facility would add to that existing capacity as demand for engineering plastics and resin-based coatings grows in domestic and export markets.

India's specialty chemicals sector has been expanding steadily as global manufacturers diversify supply chains away from China under "China Plus One" procurement strategies, creating opportunities for domestic producers to capture both import substitution and incremental export demand.

Deepak Nitrite is one of India's largest specialty chemicals companies and is listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). The company produces a diversified portfolio of chemical products, including phenolics, amino resins, and other fine and specialty chemicals.

The company has not yet disclosed additional details regarding the timeline, location, or expected production capacity of the proposed Bisphenol A facility.

Source: CNBTC-TV18