Q3 FY26 volumes expected similar to Q2
Management expects Q3 volumes to remain at similar levels as Q2, with recovery only from Q4 FY26.
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revenue
Full-year EBITDA impact from US tariffs: 3-5% of FY25 EBITDA
Cumulative impact of US reciprocal tariffs on EBITDA for FY26 is estimated at 3-5% of FY25 EBITDA.
Commercial capability for alternate surfactants by Q3 end
Company expects to have commercial capability for petrochemical-based surfactants by end of Q3, with business commercialization from Q4 FY26.
Q1 FY27 volume growth at higher end of 6-8%
Management expects Q1 FY27 volume growth to be at the higher end of the 6-8% range, driven by India recovery, US revival, and AMET supply normalization.
Q1 FY27 EBITDA per metric ton at higher end of ₹19,000-21,000
EBITDA per metric ton for Q1 FY27 is expected at the higher end of the ₹19,000-21,000 range, supported by volume growth and mix improvement.
India volume growth of 8-10% possible if demand holds
India could return to 8-10% volume growth if monsoon and energy prices do not impact demand, but management remains cautious.
No new growth capex in FY27
Management indicated no new growth capex commitments for FY27 beyond capitalizing work-in-progress and routine replacement capacities.