Carborundum Universal Limited — Investor Meet, 04-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Carborundum Universal's Q3 FY26 earnings call revealed a mixed performance. Standalone sales rose 5.6% YoY to INR769 Cr, with PAT up 4.9% to INR85 Cr, driven by Abrasives and Electrominerals. Consolidated sales grew 2.5% to INR1,273 Cr, but PBIT declined.

Management maintained consolidated sales growth guidance at 5.5-6.5% but revised down Ceramics' sales growth to 13-14% and consolidated PBIT margin to 7-8%, citing project delays. Challenges persist in European entities Rhodius and Awuko, and Foskor Zirconia, where management is assessing future steps. Strategic investments and capacity expansion are progressing. The removal of China's export rebate on abrasives is seen as a positive for domestic market share.