Ester Industries Ltd (NSE:ESTER)

Q2 2026 Ester Industries Ltd Earnings Call Transcript

Nov 17, 2025 / 09:30 AM GMT

Release Date Price: ₹103.81 (-1.83%)

Transcript

Key Points

Positve

Ester Industries Ltd (BOM:500136) reported a 7% year-on-year growth in consolidated revenue, reaching 357 crores, driven by high volumes in both polyester film and specialty polymer segments.
The specialty polymer segment showed robust performance with a 45% year-on-year increase in EBIT, supported by sustained demand for IP-protected products.
Capacity utilization across facilities was healthy, with 75% at Kadima and 85% at Hyderabad, reflecting sustained growth in demand.
The company has secured a multi-year uptake agreement with Nike, reinforcing its position in the sustainable materials ecosystem.
Ester Industries Ltd (BOM:500136) is making progress on its recycling project, aiming for an 81% reduction in carbon emissions compared to virgin PET.

Negative

Domestic margins were affected by heavy imports at predatory pricing, impacting profitability.
US trade tariffs negatively impacted margins in overseas markets, particularly affecting the polyester film segment.
The financial performance was adversely impacted by exchange fluctuations and mark-to-market losses on foreign currency loans and derivatives.
The polyester film segment experienced a shrinkage in margins due to imports and US trade tariffs, despite a rise in sales volume.
The company reported a 12.9% decrease in total income on a year-on-year basis, primarily due to lower margins in the polyester segment.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ESTR.NS - Ester Industries Ltd
Q2 2026 Ester Industries Ltd Earnings Call
Nov 17, 2025 / 09:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to SL Industries Limited Q2 F 526 earnings conference call.

As a reminder, all participant lines will be in listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing, then 0 on the touchstone phone. I now hand the conference over to Mr. Amit Kumar Sharma.

Thank you and over to you, sir.

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Unidentified_2 [2]
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Thank you. Good afternoon, everybody, and a

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