Ester Industries Reports Fourth Quarter And FY26 Growth

18 May 2026 CW Team

Ester Industries reported audited financial results for the fourth quarter and financial year ended 31 March 2026, with the announcement dated 14 May 2026 in Gurugram. All monetary figures are presented in Rs. million (mn) or billion (bn) equivalents after conversion from crore. Consolidated income for the quarter rose seven point two per cent year-on-year to Rs. 3.451 bn.

EBITDA for the quarter increased by 10.7 per cent to Rs. 433 mn, reflecting improved operational performance and contributing to a consolidated margin of 12.6 per cent. Excluding non-cash mark-to-market losses on foreign currency liabilities, core operational EBITDA margins were stated at 15.5 per cent. Profit after tax for the quarter recovered to Rs. 78.7 mn from Rs. 19.6 mn in the prior-year quarter.

For the full year, consolidated income rose seven point two per cent to Rs. 13.927 bn, supported by growth in Specialty Polymers and recycled PET. Capacity utilisation of the BOPET film business improved to 78 per cent in the year. The board recommended a dividend of Rs. 0.25 per share for FY26.

The company reported a successful capital infusion through a share warrant issue, having secured Rs. 1.6525 bn of the Rs. 1.75 bn target, underlining investor support. Sales of recycled PET rose markedly in volumetric terms from 1,486 t to 5,325 t, an increase of 258 per cent, and rPET revenue rose to Rs. 593 mn from Rs. 162 mn in the prior year. Chips revenue also expanded to Rs. 657 mn, and value-added specialty products accounted for 24 per cent of total sales volume.

Ester highlighted that regulatory shifts and trade developments supported margin improvement in the BOPET film sector and drove demand for products with post-consumer recycled content. Incorporated in 1985, the company has over 35 years of industry expertise, three manufacturing facilities in India and a workforce of over 615 employees. The company retained credit ratings of A- for long term and A2+ for short term from Crisil.

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