DCW Limited — Investor Meet, 20-08-2026: Analysts/Institutional Investor Meet/Con. Call Updates

DCW's Q1 FY27 revenue grew 14% YoY to ₹542 Cr, driven by Specialty Chemicals' strong 38% growth. However, overall profitability was significantly impacted by the PVC business, facing one-time VCM supply disruptions from West Asia and temporary import duty suspension. Management expects Q2 to normalize as duties are reinstated and VCM prices correct. The company announced a ₹250 Cr capex for SIOP expansion and captive power, aiming for 20% ROCE and net debt-free status by FY27 end. FY27 EBITDA target is revised to around ₹300 Cr. Management expresses confidence in future performance after Q1 headwinds.