Privi Speciality Chemicals to Invest ₹1,250 Crore in Phased Capacity Expansion to 72,000 Tonnes
Privi Speciality Chemicals is entering a new growth phase with a planned investment of ₹1,200 to ₹1,250 crore to expand manufacturing capacity and strengthen its position in the global aroma chemicals market. The company is scaling up production from approximately 48,000 tonnes to between 66,000 and 72,000 tonnes over the next three years.
The expansion is being executed as a structured three-phase roadmap, expected to lift total capacity by close to 55%. Phase 1, which adds 54,000 metric tonnes per annum to installed capacity, was scheduled for completion by June 30, 2026. Phases 2 and 3 cover a multi-speciality aroma chemicals project, with civil work around halfway completed and detailed engineering at an advanced stage, according to company management.
The programme includes phased brownfield capacity additions across the company's manufacturing facilities in Mahad, Maharashtra and Jhagadia, Gujarat, along with new product manufacturing blocks and scale-up of the PRIGIV joint venture with Givaudan, which turned profitable for the first time in Q4 FY26. Privi is also developing several new products, including menthol, maltol, cyclopentanone and furfural, extending its exposure beyond fragrances into pharmaceuticals, flavours and specialty chemicals.
Since starting as a two-product aroma chemical manufacturer in 1992, Privi has grown into a diversified supplier with a portfolio of more than 75 products, serving major global fragrance houses and consumer goods manufacturers including Givaudan, dsm-firmenich, IFF, Symrise, Unilever and Colgate-Palmolive. The company reported a 22% year-on-year revenue increase to ₹2,582.92 crore in FY26, with EBITDA margins expanding to 25.76%, and management has guided toward continued volume growth of around 10% annually through FY29 as the expanded capacity comes online.