Ester Industries Posts Strong Q2 With Higher Volumes And Polymer Growth

18 Nov 2025 CW Team

Ester Industries Limited, one of India’s leading manufacturers of polyester films and speciality polymers, has announced its unaudited standalone and consolidated financial results for the second quarter and half year ended 30 September 2025.

Polyester Films

Consolidated capacity utilisation increased to 79 per cent in Q2 FY26, up from 64 per cent in the same period last year. The Khatima plant operated at 75 per cent utilisation, while the Hyderabad facility achieved 85 per cent.

Sales volume for the quarter reached 21,329 tonnes, reflecting year-on-year growth of around 9 per cent and sustained market demand. Value-added films contributed 23 per cent of segment volume.

The company continued to expand its sustainability-focused portfolio, with rPET sales rising sharply to 1,046 MT in Q2 FY26, compared with 328 MT in Q2 FY25. Chips revenue also grew significantly to Rs 202.9 million from Rs 1.4 million a year earlier.

Speciality Polymers

Revenue from the speciality-polymers division increased 39 per cent year-on-year, supported by a 51 per cent rise in sales volumes. EBIT grew 45 per cent to Rs 212.4 million, with margins improving by 146 basis points to 37.03 per cent.

The business experienced no material impact from US trade tariffs due to strong IP protection. Sales of MB03 rose to 410 MT, up from 285 MT in the prior year, while volumes of other marquee products increased from 476 MT to 649 MT, reflecting healthy traction across the portfolio.

These results demonstrate solid operational performance, strong demand across key segments, and continued progress in Ester’s sustainability-oriented product strategy

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