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DCW saw strong Q2-FY26 financial results with revenue up 10.3% YoY to ₹539.2 Cr and EBITDA jumping 64.1% YoY to ₹58.1 Cr. Half-year (H1-FY26) revenue grew 2.7% YoY to ₹1,014.7 Cr, while EBITDA rose 38.7% YoY to ₹111.8 Cr and PAT surged 358.2% YoY to ₹25.2 Cr. Specialty Chemicals, including C-PVC and SIOP, remain a key growth segment, contributing to improved margins.
The company is strategically expanding its high-value Specialty Chemicals portfolio, having successfully commissioned its CPVC capacity expansion from 20 KTPA to 40 KTPA ahead of schedule. This new capacity quickly reached full utilization. A solar park was also activated to cover 25% of power needs at the Sahupuram facility. Future plans involve debottlenecking SIOP to 28 KTPA and leveraging over 2,500 acres of land for further expansion.
Recent developments include record CPVC sales despite price erosion, steady SIOP sales with 60% exports to the USA, and an improving order pipeline for Synthetic Rutile. Financially, gross debt decreased by ₹61 Cr, reducing net debt to a 19-year low of ₹155.4 Cr, demonstrating strong financial management.