Sudarshan Chemical Industries Limited — PPTs, 13-11-2025: Investor Presentation

Sudarshan Chemical reports mixed Q2 FY26 as low global pigment demand and customer destocking impact performance. Consolidated sales grew 2.2% YoY to ₹712 Cr (up 13% QoQ), but adjusted EBITDA dipped 3.5% YoY to ₹91 Cr. Profit Before Tax, however, surged 46.7% to ₹63 Cr. Sales for the acquired Heubach group softened due to high customer inventories.

Strategic focus is on "One Sudarshan" integration, driving unified market strategies and significant cost-saving through value capture across operations, procurement, and organization. The company is progressing well on harmonizing systems and processes.

For H1 FY26, consolidated sales rose 0.8% YoY to ₹1,340 Cr, with adjusted EBITDA up 1.8% to ₹178 Cr and PBT soaring 66% to ₹139 Cr. H1 EPS was ₹7.5.

Management expects Q3 to remain slow but foresees a stronger Q4 as the economy picks up and destocking ends. While FY26 EBITDA guidance for the acquired group is revised to €25-30 million, a positive mid-term outlook of €90-100 million EBITDA by FY28/29 is projected, boosted by integration and cost synergies.