Himadri Speciality Chemical Reports Q2 Profit Rise, Sicona Gets AUD 45 Million Funding
Himadri Speciality Chemical Reports Q2 Profit Rise, Sicona Gets AUD 45 Million Funding
Himadri Speciality Chemical reported a 31% rise in second-quarter net profit to ₹231 crore for FY2026–27, citing an optimised product mix and growth in its core businesses. For the first half, consolidated revenue exceeded ₹3,000 crore, EBITDA crossed ₹600 crore and profit after tax surpassed ₹450 crore. The company also said its Sicona Battery Technologies unit received AUD 45 million from the Australian Renewable Energy Agency to commercialise silicon-carbon anode technology.
Sicona's silicon-carbon anode funding and Advano acquisition add domestic lithium-ion battery material capacity, reducing import dependence for battery and speciality carbon black supply chains.
Key facts
| Companies | Himadri Speciality Chemical Limited, Sicona Battery Technologies, Advano, International Battery Company, Birla Tyres |
|---|---|
| Chemicals | speciality carbon black, carbon nanotubes, super speciality carbon black, silicon carbon, lithium iron phosphate cathode materials, coal tar pitch, refined naphthalene, speciality oils |
| Investment | AUD 45 million funding from the Australian Renewable Energy Agency to Sicona Battery Technologies |
| Location | United States (Advano acquisition by Sicona) |
| Timing | 19/10/2026, second quarter of FY2026–27, first half of FY27 |
| Partners | Australian Renewable Energy Agency, Advano, International Battery Company, Birla Tyres |
| End uses | batteries, paints, plastics, tyres, rubber goods, aluminium, graphite electrodes, defence, construction chemicals |
Market context
Speciality carbon black is a fine carbon material used mainly as a reinforcing filler and pigment, with tyres and rubber goods as the largest demand pools, followed by plastics, paints and inks. Carbon nanotubes and silicon-carbon composites are higher-value grades that serve lithium-ion battery anodes, where they can raise energy density relative to conventional graphite. Coal tar derivatives such as pitch and refined naphthalene feed aluminium smelting, graphite electrodes and construction chemicals, so their availability links to steel and metals cycles. Demand for battery materials is driven by electric vehicles and grid storage, while tyre and rubber demand follows automotive production and replacement cycles. Domestic capacity in these materials matters to buyers because it can reduce dependence on imports and shorten supply chains, although qualification of new anode grades by cell makers typically takes time. Pricing in carbon black is closely tied to feedstock oil costs.
Source: official release on themachinemaker.com. Summary and context written by Market Krystal.
About Himadri Speciality Chemical
Carbon materials · India · No. 597 in the Market Krystal chemical company ranking · chemical sales about $0.6B.
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