Revenue and profitability may see 20% plus growth in FY22, says Aarti Industries

Date:03-16-2021

A McKinsey report on the Indian chemical industry reveals that the space is a consistent value creator with a positive outlook. We spoke to Rajendra V Gogri, Chairman and MD, Aarti Industries to get a sense of the on-ground situation.

On demand Gogri said, “We see more and more demand coming to India. Overall virtually we are seeing the pre-COVID demand now in Q4 or maybe Q1 of next year. Most of the discretionary sector demand has picked up.”

On capacity utilization, he said, “We are in a capex mode and we see what McKinsey report said. We are seeing lot of opportunities."

He added, “This year we will have some growth in top-line, but bottom-line will be flattish. Next year we can see 20 percent-plus growth in both top-line as well as bottom-line.”

On the PLI scheme, Gogri said, “We are not directly participating in pharma PLI but it is going to benefit the general chemical industry.”