ROSSARI BIOTECH LIMITED — Earnings Release 2021

Jan 23, 2021

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----- Start of picture text ----- ROSSARImaking you more competitiveJanuary 23, 2021DCS-CRD Listing ComplianceBSE Limited National Stock Exchange of India Ltd.First Floor, New Trade Wing Exchange Plaza, 5th Floor----- End of picture text -----

DCS-CRDBSE LimitedFirst Floor, New Trade WingRotunda Building, Phiroze Jeejeebhoy TowersDalal Street, Fort Mumbai 400 023Fax No.2272 3121/2037/2039Stock Code: 543213	Listing ComplianceNational Stock Exchange of India Ltd.Exchange Plaza, 5th FloorPlot No.C/1, 'G'Block, Bandra- Kurla ComplexBandra East Mumbai 400 051Fax No.2659 8237/8238Stock Code: ROSSARI

Dear Sir/Madam,

Subject: Q3 FY21 Press Release

. Please find enclosed a copy of the Press Release for the quarter ended December 31, 2020

The same may please be taken on record and suitably disseminated to all concerned.

Thanking you,

Yours Sincerely,

For Rossari Biotech Limited

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Parul Gupta Company Secretary & Compliance Officer Membership No.: A38895

Encl.: as above

ROSSARI BIOTECH LIMITED

(An ISO 9001:2015 & 14001:2015 Certified Company)

Regd. Office: 201 A & B, Ackruti Corporate Park, Next to GE Gardens, LBS Marg, Kanjurmarg (W). Mumbai - 400078. India. T +91-22-6123 3800 F +91-22-2579 6982 Factory: Plot No. 10 & 11, Survey No. 90/1/10 & 90/1/111/1, Kumbharwadi,Village Naroli, Dadra & Nagar Haveli (U.T.), Silvassa - 396 235. India. T 0260 - 669 3000 E info@rossarimail.com W www.rossari.com CIN: L24100MH2009PLC194818

TEXTILE I ANIMAL HEALTH & NUTRITION I POLYMER I PHARMA I HLS

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Rossari Biotech Limited

Corporate Office: 201 A & B Ackruti Corporate Park LBS Marg Next to G. E. Gardens, Kanjurmarg West, Mumbai, Maharashtra 400078

Rossari Biotech announces Q3 & 9M FY21 results

Q3 FY21

Revenues at Rs. 210.0 Cr, higher by 29.3% YoY EBITDA improves by 13.0% YoY to Rs. 34.0 Cr PAT at Rs. 21.6 Cr, higher by 18.0% YoY

Mumbai, January 23, 2021: Rossari Biotech Limited (Rossari), a Speciality-Chemicals manufacturer providing intelligent and sustainable solutions for customers across industries, has announced its financial results for the quarter and nine months ended December 31, 2020.

Q3 FY21 performance overview compared with Q3 FY20

• Revenues from operations stood at Rs. 210.0 crore as against Rs. 162.4 crore, higher by 29.3%

• EBITDA at Rs. 34.0 crore as against Rs. 30.1 crore, up by 13.0%

• PAT stood at Rs. 21.6 crore as against Rs. 18.3 crore, higher by 18.0%

• EPS (Diluted) stood at Rs. 4.11 as against Rs. 3.72

9M FY21 performance overview compared with 9M FY20

• Revenues from operations stood at Rs. 491.1 crore as against Rs. 440.5 crore, higher by 11.5%

• EBITDA at Rs. 87.8 crore as against Rs. 80.7 crore, up by 8.8%

• PAT stood at Rs. 57.8 crore as against Rs. 50.2 crore, higher by 15.1%

• EPS (Diluted) stood at Rs. 11.12 as against Rs. 10.21

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Commenting on the performance for the quarter, in a joint statement, Mr. Edward Menezes, Promoter & Executive Chairman, and Mr. Sunil Chari, Promoter & Managing Director, said:

“We have delivered a healthy performance during the quarter, registering a top-line growth of 29%. Our HPPC business continues to record robust performance driven by healthy offtake witnessed in hygiene products and anti-viral portfolio sales. In addition, the business is witnessing improved traction in engagements with several customers leading to new client wins across categories. The TSC business is also seeing gradual normalization in demand and we expect this momentum to strengthen in the quarters ahead.

Globally, the industry witnessed challenges in international logistics due to acute shortage in containers required to transport raw materials, leading to supply-side disruptions during the quarter, which had impacted raw material prices locally. In order to maintain adequate supplies, we sourced some of the key raw materials domestically, which resulted in higherthan-normal raw material expenses. However, this situation was transient in nature and has already normalized. So, while this has had a moderate variation on our gross margin performance during the quarter, our margins should remain at healthy levels, going forward.

The first phase of our Greenfield facility at Dahej is fully operational. Full operationalisation of the unit is also progressing as per plan and we remain on-track to commission the plant by March 2021. Another key focus area for us is towards leveraging upon our R&D capabilities to seed new business lines within our core chemistries. Accordingly, we have a strong upcoming pipeline of new products, with impetus on sustainability and environmentfriendliness. This should also help us to sustainably ramp-up utilization levels at our fully commissioned Dahej unit over the next 3-4 years.

As we look ahead, we continue to see an immense potential across all our business segments. Healthy demand and a stabilised raw material environment should further enable us to gain traction and build momentum, going forward. On the whole, we are confident of the future growth potential and opportunities across the domestic market over the medium to longer term.”

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Key Developments:

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On-track to fully operationalise Greenfield manufacturing facility at Dahej by March

2021

• The first phase of the unit, commissioned in the previous quarter, is fully operational

• The Greenfield facility will have a total installed capacity 132,500 MTPA, enhancing the total capacity of the Company by 2.1x to 252,500 MTPA

• A strong upcoming pipeline of new product launches should enable the Company to sustainably ramp-up utilization levels at the Dahej unit over the next 3-4 years

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About Rossari Biotech Limited:

Rossari Biotech Limited (Rossari) (BSE: 543213, NSE: ROSSARI), is a Speciality-Chemicals manufacturer providing intelligent and sustainable solutions for customers across industries. Headquartered at Mumbai, India, the Company operates 2 manufacturing facilities with a current total capacity of 132,500 MTPA. The units are strategically located at Silvassa and Dahej. The Company offers tailor-made solutions for Home, Personal Care and Performance chemicals (HPPC), Textile speciality chemicals and Animal Health and Nutrition (AHN). With differentiated product offerings, Rossari caters to an array of applications across FMCG, Home care, Industrial Cleaning, Personal Care, Textile Speciality Chemicals, Performance Chemicals, the Animal Health and Nutrition and Pet Care businesses. The Company has an extensive and a dedicated network of distributors spread all over India.

For more information, please visit www.rossari.com OR contact:

Manasi Nisal Anoop Poojari / Shikha Kshirsagar Rossari Biotech Limited CDR India Tel: +91 22 6123 3800 Tel: +91 98330 90434 Email:manasi.nisal@rossarimail.com Email: anoop@cdr-india.com shikha@cdr-india.com

DISCLAIMER:

Certain statements and opinions with respect to the anticipated future performance of Rossari Biotech Limited in the press release (“forward-looking statements”), which reflect various assumptions concerning the strategies, objectives and anticipated results may or may not prove to be correct. Such forward-looking statements involve a number of risks, uncertainties and assumptions which could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These include, among other factors, changes in economic, political, regulatory, business or other market conditions. Such forward-looking statements only speak as at the date the press release is provided to the recipient and Rossari Biotech Limited is not under any obligation to update or revise such forward-looking statements to reflect new events or circumstances. No representation or warranty (whether express or implied) is given in respect of any information in this press release or that this press release is suitable for the recipient’s purposes. The delivery of this press release does not imply that the information herein is correct as at any time subsequent to the date hereof and Rossari Biotech Limited has no obligation whatsoever to update any of the information or the conclusions contained herein or to correct any inaccuracies which may become apparent subsequent to the date hereof.

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