Sudarshan Chemical Industries Limited — PPTs, 12-02-2026: Investor Presentation

Sudarshan Chemical Industries, now "One Sudarshan" post-Heubach unification, reported Q3 FY26 consolidated revenue of ₹1,479 Cr. This reflects continued low demand in pigment end-use sectors like coatings and plastics, influenced by high interest rates, economic slowdown, high stock levels, and tariffs. Despite these challenges, Adjusted EBITDA saw a significant turnaround, reaching ₹40 Cr in Q3 FY26, up from a negative ₹38 Cr last quarter. For 9M FY26, consolidated Adjusted EBITDA grew to ₹322 Cr.

The company is actively integrating operations, with SAP harmonization underway and a Global Capability Center launched in Pune. Strategic value capture efforts yielded ₹40 Cr in fixed cost savings in Q3 FY26. Management observes initial signs of market recovery, easing destocking, and renewed buying from global customers in early 2026. They are optimistic that ongoing integration synergies and value capture will improve profitability and working capital, with a positive Q4 outlook. A plan to reduce finished goods inventory by €30-40 Mn aims to enhance operating cash flow and strengthen the balance sheet, though this may temporarily affect reported EBITDA.