Q4 2026 Ester Industries Ltd Earnings Call Transcript
Key Points
- Ester Industries Ltd (BOM:500136) reported a significant improvement in EBIT margins for the BOPET film segment, expanding by 440 basis points to 13% in Q4 FY '26.
- The company saw a robust 73% year-on-year improvement in segment EBIT for Q4 FY '26, indicating a recovery from previous headwinds.
- Specialty Polymers sales volume grew 21% year-on-year, with segment revenue increasing by 16% to INR 179.3 crores.
- The recycled PET (rPET) business experienced substantial growth, with volumes surging 126% year-on-year in Q4 FY '26.
- Ester Filmtech's capacity utilization reached 85% in Q4 FY '26, with total income surging 67.7% year-on-year, driven by a 53.3% growth in sales volume.
- The company faced aggressive price competition in BOPET films due to Chinese dumping, impacting performance.
- The imposition of U.S. trade tariffs disrupted the BOPET film segment, although this has now moderated.
- There was a decline in the overall EBIT margin for the specialty polymer business, attributed to cyclicity and lower demand for a key specialty product.
- The company reported a net loss of INR 27.5 crores for the full year FY '26, primarily due to noncash mark-to-market losses on foreign currency liabilities.
- The ongoing conflict in West Asia has kept crude oil prices elevated and volatile, contributing to a firmer raw material cost environment.
Ladies and gentlemen, good day, and welcome to the Ester Industries Limited Q4 and FY '26 earnings conference call hosted by AdFactors PR. (Operator Instructions)
I now hand the conference to Mr. Amit Sharma from Adfactors PR. Thank you, and over to you, sir.
Thank you, Riya, and good afternoon, everybody, and a very warm welcome to you all. Thank you, everyone, for participating in the earnings call of Ester Industries Limited for the fourth quarter and full year ended 31st March 2026. On the call today with us, we have Mr. Vaibhav Jha, CEO; Mr. Pradeep Rustagi, Executive Director, Corporate Affairs; and Mr. Sourabh Agarwal, CFO of the company. The management will take us through the operational and financial performance for the quarter and full year gone by, following which we will open the forum for the Q&A. Before we begin, please note that this conference call may contain forward-looking statements about the company, which are based on the beliefs, opinions and expectations of the company as on
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
