Sudarshan Chemical Industries Limited — Investor Meet, 20-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Sudarshan Chemical's Q2 FY'26 performance faced headwinds from weak global demand and high customer inventories, affecting both legacy business and the acquired group. For H1, legacy Sudarshan pigment sales were INR 1,229 Cr with a 14% EBITDA margin, while the acquired group reported INR 3,565 Cr turnover and a 3% EBITDA margin. The full-year guidance for the acquired group is adjusted to €25M-€30M. Management anticipates a subdued Q3, with a stronger Q4 as customer destocking concludes. The long-term growth outlook remains unchanged, with focus on integration, cost reduction, and improving working capital.