DCM Shriram has reported a strong set of financial results for FY2025–26, posting a 42% jump in Profit After Tax despite ongoing global economic uncertainty, trade disruptions and volatility across commodity markets.

 

The company’s consolidated net revenue rose 12% year-on-year to Rs. 14,264 crore, while consolidated PBDIT stood at Rs. 1,694 crore. 

 

Profit After Tax climbed sharply to Rs. 856 crore, aided partly by a one-time deferred tax credit of Rs. 239 crore following the company’s decision to opt for the new tax regime under Section 115BAA of the Income Tax Act from FY27.

 

For the January–March quarter, DCM Shriram reported consolidated net revenue of Rs. 3,373 crore, up from Rs. 3,019 crore in the same period last year. Quarterly PAT more than doubled to Rs. 371 crore from Rs. 179 crore in Q4 FY25.

 

The company said growth was driven by higher volumes in its chemicals business, continued momentum in Fenesta Building Systems and Shriram Farm Solutions, operational efficiency gains, contributions from recently commissioned projects and strategic acquisitions.

 

Commenting on the results, Chairman & Senior Managing Director Ajay Shriram and Vice Chairman & Managing Director Vikram Shriram said: “Financial Year 2025–26 saw global organizations and governments being stress tested by persistent uncertainties. 

 

"Rising trade protectionism, supply chain realignments and the escalation of conflict in West Asia continued to impact commodity markets, logistics corridors and capital flows, reinforcing the importance of operational agility and resilience. 

 

"Despite these headwinds, the Indian economy demonstrated better resilience, supported by strong macroeconomic fundamentals, sustained domestic demand and continued public infrastructure spending.”

 

The company’s Chemicals business emerged as a major growth driver during the year, supported by expanded capacities and downstream integration initiatives. Caustic soda volumes rose 12% in FY26, while contributions from Hydrogen Peroxide and advanced materials businesses strengthened overall performance.

 

DCM Shriram also completed commissioning of its 52,000 TPA Epichlorohydrin (ECH) plant at Bharuch in April 2026 and expanded its advanced materials portfolio through the acquisition of Hindusthan Speciality Chemicals Limited.

 

"Our Chemicals business recorded strong volume growth, driven by progressive ramp-up of expansion and downstream integration completed over last two years. 

 

"Epichlorohydrin (ECH) facility, part of the advanced material value chain, got fully commissioned in April 2026, and is witnessing encouraging market acceptance. The Epoxy and Formulate resins business that we acquired during the year is now being expanded, especially in the value-added formulated resins space,” the management said.

 

The company also announced a strategic joint venture with a US-based company for its PVC compounding business.

 

“We are exploring to grow our businesses through strategic partnerships where there is a need for high-end technology. In line with this, we have entered a JV with a US Company for our PVC compounding business and plan to accelerate the growth.”

 

In the Vinyl segment, revenue increased 4% during FY26, aided by improved PVC volumes and operational efficiencies. The company also completed the sale of a 50% stake in Shriram Polytech Ltd. to Teknor Apex B.V. to strengthen its PVC compounds business through global formulation expertise.

 

Meanwhile, the Sugar & Ethanol business continued to face pressure from rising cane costs and oversupply conditions.

 

"In the Sugar and Ethanol business, Indian sugar production increased by 2.3 MMT this season as compared to last year. The industry is facing margin pressures arising from higher cane cost and oversupply in Sugar as well as Ethanol business. Sustained policy support—through higher sugar MSP, expanded blending mandates, export facilitation and alternate ethanol usage—remains critical for industry viability.”

 

Despite the challenging environment, domestic sugar prices improved 4% during FY26, while ethanol margins remained healthy. Sugar recovery improved to 10.8%.

 

Consumer-facing businesses also delivered strong growth. Fenesta Building Systems crossed the Rs. 1,100 crore revenue milestone for the first time, reporting 28% growth to Rs. 1,112 crore. Its order book rose 24% to Rs. 1,498 crore during the year.

 

Shriram Farm Solutions posted 18% revenue growth to Rs. 1,689 crore, driven by strong performance across segments, particularly in the Research Wheat category.

 

The company also stepped up investments in sustainability and renewable energy. Green energy accounted for 27% of total energy consumption during the year, while water harvested and conserved exceeded ten times the company’s water consumption.

 

"The Company remains focused on value-chain integration, capacity optimization, cost efficiency and disciplined capital allocation. Supported by a strong balance sheet, we remain well positioned to pursue growth opportunities while navigating an increasingly dynamic global environment.”