GHCL Q1 profit jumps 32% to ₹191 cr; Jalan flags margin risk

The warning came in the same breath. Jalan said an ongoing global conflict was likely to push up energy and raw material costs, which would weigh on margins as the year progresses. The company has stayed focused on cost discipline through what he called "a demanding environment."

GHCL's Bromine and Vacuum Salt projects are in advanced stages of commissioning and are expected to begin commercial operations in the second quarter of FY27, Jalan said. Its greenfield soda ash project is progressing slowly.

Long-term fundamentals for the soda ash industry remain positive, Jalan said, citing domestic demand from the detergent and glass sectors as well as emerging demand from the renewable energy industry. Soda ash, or anhydrous sodium carbonate, is a key raw material for those industries and for solar glass and lithium batteries.

GHCL operates a soda ash plant at Sutrapada in Gujarat with an installed capacity of 1.2 million tonnes per annum.