Styrenix Performance Materials Limited — Investor Meet, 22-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Styrenix Performance Materials had a strong Q1 FY'26. Standalone sales volume hit a record 51.8 KT (+8.1% QoQ), with revenue at INR 721 Cr (+2.85% QoQ) and PAT of INR 54.9 Cr (7.6% margin). Consolidated results reflect growth from the Thailand acquisition. The Thailand unit, acquired in Jan '25, operates at 50-55% utilization, with significant ramp-up expected via new sales strategies across Asia, focusing on higher-margin specialty products. Despite Q1 slowdown from early monsoons, India operations are on track for 10-12% annual volume growth. ABS capacity expansion (50% by FY'27, rest by FY'28) and cost reductions from hybrid power are underway. Management is confident in demand and strategic execution.