EBITDA remained flat at Rs 57.7 crore while EBITDA margin improved by 80 bps to 14.1% in Q1 FY24 over Q1 FY23.

Profit before tax in Q1 FY24 stood at Rs 43.4 crore, up by 3% from Rs 42.3 crore in Q1 FY23.

Edward Menezes, promoter & executive chairman, and Sunil Chari, promoter & managing director, said: "We have recorded a steady performance during the quarter, demonstrating the resilience and adaptability of our business model amidst a challenging global economic landscape.

Our commitment to sustainable and innovative solutions has kept us in a stable position despite the current subdued demand scenario witnessed in the chemical markets.”

Rossari Biotech is a Speciality-Chemicals manufacturer and offers tailor-made solutions for home, personal care and performance chemicals (HPPC), textile speciality chemicals and animal health and nutrition (AHN). With differentiated product offerings, Rossari caters to an array of applications across FMCG, home care, industrial cleaning, personal care, textile speciality chemicals, performance chemicals, the animal health and nutrition and pet care businesses.