Neogen Chemicals lifts FY27 outlook on new capacity and orders
In short
Neogen Chemicals said new capacity, customer approvals and long-term purchase deals are helping its growth. The company also expects Neogen Ionics to turn PBT positive next year and wants full capacity use by FY29.
What the reporting says
Neogen Chemicals said new capacities, customer approvals and long-term purchase agreements are supporting growth, according to a CNBC TV18 Business summary. Managing director Harin Kanani also said Neogen Ionics is expected to turn PBT positive next year and that full capacity utilisation is targeted by FY29.
Why it matters
Neogen Chemicals said growth is being supported by new capacities, customer approvals and long-term purchase agreements, and Harin Kanani said Neogen Ionics should turn PBT positive next year, with full capacity utilisation targeted by FY29. The report links the company’s outlook to expansion in battery chemicals and operating improvement.