DCM Shriram Reports 12% Revenue Growth in Q1 FY26 Amid Global Volatility

22 Jul 2025 CW Team

The company reported consolidated revenue of Rs 34.55 billion, marking a 12 per cent year-on-year increase, while Profit Before Depreciation, Interest and Tax (PBDIT) rose 19 per cent to Rs 3.26 billion. Profit After Tax stood at Rs 1.14 billion, up 13 per cent from the same quarter last year.

The company incurred a one-time impact of Rs 360 million due to a retrospective levy on ethanol exports outside Uttar Pradesh. Nevertheless, financial discipline remained intact with net debt stable at Rs 14.81 billion, and annualised ROCE at 13.2 per cent.

In a joint statement, Ajay Shriram, Chairman & Senior Managing Director, and Vikram Shriram, Vice Chairman & Managing Director, acknowledged the uncertain macroeconomic climate marked by trade tensions, tariff increases, and geopolitical instability. However, they reaffirmed India’s strength as the fastest-growing large economy, now the world’s fourth-largest, and noted the company’s alignment with national priorities focused on investment and innovation.

Business Segment Highlights

Chemical Business: Volume-led growth continued amid global caustic soda supply chain disruptions. Margins improved despite international price volatility due to tariff headwinds and geopolitical conflicts.

Advanced Materials: The company accelerated its foray into this segment through the proposed acquisition of a 100 per cent stake in Hindusthan Specialty Chemicals, a strategic move to diversify and upgrade its product mix.

Sugar and Ethanol: The segment remained stable but faced margin pressures. The management termed the retrospective ethanol export fee levied by the UP government as a regressive move, calling for a comprehensive review of sugar policy to ensure long-term sustainability for both farmers and manufacturers.

Fenesta: Continued its growth momentum in windows and doors, complemented by the recent acquisition of a majority stake in a hardware company, aimed at expanding product offerings and increasing market share in the home solutions space.

Shriram Farm Solutions: Focused on digital integration and innovation, the business is scaling up differentiated offerings while deepening engagement with India’s farming community.

The company reiterated its commitment to sustainable and responsible growth, with a focus on both organic and inorganic opportunities, supported by a strong balance sheet and a strategic roadmap.

DCM Shriram, a diversified conglomerate with interests in agri-inputs, chemicals, and vinyl businesses, announced a resilient financial performance for the quarter ended June 30, 2025 (Q1 FY26), despite a challenging global economic environment.The company reported consolidated revenue of Rs 34.55 billion, marking a 12 per cent year-on-year increase, while Profit Before Depreciation, Interest and Tax (PBDIT) rose 19 per cent to Rs 3.26 billion. Profit After Tax stood at Rs 1.14 billion, up 13 per cent from the same quarter last year.The company incurred a one-time impact of Rs 360 million due to a retrospective levy on ethanol exports outside Uttar Pradesh. Nevertheless, financial discipline remained intact with net debt stable at Rs 14.81 billion, and annualised ROCE at 13.2 per cent.In a joint statement, Ajay Shriram, Chairman & Senior Managing Director, and Vikram Shriram, Vice Chairman & Managing Director, acknowledged the uncertain macroeconomic climate marked by trade tensions, tariff increases, and geopolitical instability. However, they reaffirmed India’s strength as the fastest-growing large economy, now the world’s fourth-largest, and noted the company’s alignment with national priorities focused on investment and innovation.Business Segment HighlightsChemical Business: Volume-led growth continued amid global caustic soda supply chain disruptions. Margins improved despite international price volatility due to tariff headwinds and geopolitical conflicts.Advanced Materials: The company accelerated its foray into this segment through the proposed acquisition of a 100 per cent stake in Hindusthan Specialty Chemicals, a strategic move to diversify and upgrade its product mix.Sugar and Ethanol: The segment remained stable but faced margin pressures. The management termed the retrospective ethanol export fee levied by the UP government as a regressive move, calling for a comprehensive review of sugar policy to ensure long-term sustainability for both farmers and manufacturers.Fenesta: Continued its growth momentum in windows and doors, complemented by the recent acquisition of a majority stake in a hardware company, aimed at expanding product offerings and increasing market share in the home solutions space.Shriram Farm Solutions: Focused on digital integration and innovation, the business is scaling up differentiated offerings while deepening engagement with India’s farming community.The company reiterated its commitment to sustainable and responsible growth, with a focus on both organic and inorganic opportunities, supported by a strong balance sheet and a strategic roadmap.

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