BASF India's quarterly profit inches up as specialty chemicals demand holds

Pidilite Industries

13/02/2026 09:35

Feb 13 (Reuters) - Chemicals maker BASF India BASF.NS reported a 1.5% rise in third-quarter profit on Friday, helped by modest demand for specialty chemicals.

Germany's BASF BASFn.DE India unit said its profit rose to 1.05 billion rupees ($11.6 million) from 1.04 billion rupees a year earlier.

The company posted a 6.8% increase in sales.

Revenue from its materials segment — which includes the performance materials and monomers businesses — edged up 0.88%, while sales in its agricultural solutions unit, which sells fungicides such as Priaxor and Merivon, fell 11.7%.

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KEY CONTEXT

The Indian specialty chemicals sector is poised for modest demand growth in the reported quarter, according to analysts.

Despite lingering global headwinds and continued inventory destocking in end‑use segments such as agrochemicals and pharmaceuticals, companies in the chemicals sector are still expected to post low-single‑digit revenue growth.

Growth is supported mainly by steady domestic consumption and a slow recovery in select export markets.

This stability is being driven by sustained volumes in high‑margin product categories and incremental boosts from new capacity additions.

PEER COMPARISON

Estimates (next 12 months)
Analysts' sentiment
RIC
PE
EV/EBITDA
Revenue growth(%)
Profit growth(%)
Mean rating*
No. of analysts
Stock to price target**
Div yield (%)
BASF India Ltd
BASF.NS
31.00
18.30
7.74
57.88
HOLD
1
0.89
0.52
SRF Ltd
SRFL.NS
38.49
21.77
13.32
26.72
HOLD
26
0.95
0.31
Pidilite Industries Ltd
PIDI.NS
56.23
39.40
10.60
11.32
BUY
17
0.91
0.68
Coromandel International Ltd
CORF.NS
24.62
16.19
9.34
28.19
BUY
10
0.87
0.66

* Mean of analysts' ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell

** Ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT

OCTOBER-DECEMBER PERFORMANCE

     -- All data from LSEG

     -- $1 = 90.7160 Indian rupees

BASF INDIA OCT-DEC https://tmsnrt.rs/4rn6VE6

(Reporting by Yagnoseni Das in Bengaluru; Editing by Harikrishnan Nair)

((Yagnoseni.Das@thomsonreuters.com;))