{"id":988,"date":"2025-07-05T09:58:00","date_gmt":"2025-07-05T09:58:00","guid":{"rendered":"https:\/\/flooidstaging.com\/ambit\/?post_type=newsletter&#038;p=988"},"modified":"2026-06-08T12:48:50","modified_gmt":"2026-06-08T12:48:50","slug":"newsletter-july-2025","status":"publish","type":"newsletter","link":"https:\/\/flooidstaging.com\/ambit\/newsletter\/newsletter-july-2025\/","title":{"rendered":"Newsletter July, 2025"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">India\u2019s chemical sector has been under pressure to maintain margins over FY24-25, driven by a global slowdown and pricing pressure amid rising fixed costs and volatility in raw material prices. Post the golden era of FY20-22, street extrapolated optimism to FY22-25 with 23% earning CAGR and median EBITDA margin of 25%; however this never came through as revenue CAGR decelerated to -3% and median EBITDA margin crashed to 13% in FY24 but improved to 18% due to business stabilization in H2FY25. Fast forward to FY26 on the back of dismal FY22-25, the street is expecting only a modest recovery of 18% revenue CAGR over FY25-27 with an average EBITDA margin of 18% in FY27 vs 16% in FY25. We believe there is significant scope of upgrades to these assumptions given global channel inventory is at 5-year low, which suggests restocking led demand; recent pricing up-move indicates strong improvement in margins as well, and resultantly, we believe there is scope for upgrades.<\/p>\n","protected":false},"author":6,"featured_media":2480,"template":"","meta":{"footnotes":""},"newsletter_category":[6],"class_list":["post-988","newsletter","type-newsletter","status-publish","has-post-thumbnail","hentry","newsletter_category-asset-management"],"acf":[],"_links":{"self":[{"href":"https:\/\/flooidstaging.com\/ambit\/wp-json\/wp\/v2\/newsletter\/988","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/flooidstaging.com\/ambit\/wp-json\/wp\/v2\/newsletter"}],"about":[{"href":"https:\/\/flooidstaging.com\/ambit\/wp-json\/wp\/v2\/types\/newsletter"}],"author":[{"embeddable":true,"href":"https:\/\/flooidstaging.com\/ambit\/wp-json\/wp\/v2\/users\/6"}],"version-history":[{"count":2,"href":"https:\/\/flooidstaging.com\/ambit\/wp-json\/wp\/v2\/newsletter\/988\/revisions"}],"predecessor-version":[{"id":999,"href":"https:\/\/flooidstaging.com\/ambit\/wp-json\/wp\/v2\/newsletter\/988\/revisions\/999"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/flooidstaging.com\/ambit\/wp-json\/wp\/v2\/media\/2480"}],"wp:attachment":[{"href":"https:\/\/flooidstaging.com\/ambit\/wp-json\/wp\/v2\/media?parent=988"}],"wp:term":[{"taxonomy":"newsletter_category","embeddable":true,"href":"https:\/\/flooidstaging.com\/ambit\/wp-json\/wp\/v2\/newsletter_category?post=988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}