DCM Shriram has posted a resilient performance in the first quarter of FY27, reporting a 9% year-on-year rise in consolidated revenue and a 12% jump in PBDIT.

 

This, despite global headwinds including geopolitical tensions, supply chain disruptions and an uneven southwest monsoon.

 

The company’s consolidated net revenue (net of excise duty) stood at Rs. 3,564 crore for the quarter ended June 30, 2026, compared with the previous year, while PBDIT increased to Rs. 364 crore.

 

Profit After Tax (PAT) surged to Rs. 693 crore from Rs. 114 crore in the corresponding quarter last year. The reported PAT includes a positive tax adjustment of Rs. 474.3 crore following favourable judgements from the Income Tax authority related to earlier years, along with exceptional gains of Rs. 79.4 crore from the sale of land and stake sale for JV formation. Excluding these one-off items, normalised PAT for the quarter stood at Rs. 147 crore.

 

Growth was led by the company’s Chemicals business, which recorded a 33% year-on-year increase in revenue, and Fenesta Building Systems, which grew 22%. The improvement in PBDIT was primarily driven by the Chemicals & Vinyl segment, which delivered 30% growth.

 

Commenting on the performance, Ajay Shriram, Chairman & Senior Managing Director, and Vikram Shriram, Vice Chairman & Managing Director, said: "The first quarter of FY27 tested the global economy with complex mix of geopolitical uncertainties. The ongoing West Asia crisis has disrupted supply chains and energy markets, leading to renewed inflationary pressures and cementing expectations of a prolonged higher interest rate environment. 

 

"Domestically, we have also faced a highly erratic start to the southwest monsoon, which has placed temporary pressure on rural consumption. However, the broader Indian industrial narrative remains robust, supported by strong domestic fundamentals.

 

"The Chemicals business delivered a resilient performance despite a challenging global environment. Domestic caustic soda demand remained healthy, while advanced materials operations continued to contribute with steadily improving utilization rates. Our downstream integration initiatives remain on track, with Aluminum Chloride and Calcium Chloride projects under pre-commissioning trials, further strengthening the portfolio and driving long-term value creation."

 

They added: "The Sugar and Ethanol businesses are stable with lower domestic sugar inventories. Global sugar deficit has led to increase in global prices. However, the long-term viability of the sector, particularly the ethanol blending ecosystem, still requires decisive and sustained government policy interventions regarding feedstock pricing and alternate usage mandates.

 

"Our consumer facing businesses continued to strengthen their market position during the quarter. Fenesta Building Systems delivered healthy volume driven growth while Shriram Farm Solutions effectively managed inventory and supply chain logistics to successfully navigate a challenging monsoon-led environment."

 

The company said its focus remains on scaling up new capacities, strengthening value-chain integration and maintaining disciplined capital allocation as major capital expenditure projects move towards commissioning.