Ester Industries Limited, India’s leading manufacturer of Polyester Films and Specialty Polymers, Q1 FY25 reached Rs. 244 crore vis-a-vis Rs. 206 crore in Q1 FY24, a growth of 18.1%. 

Commenting on the performance, Arvind Singhania, Chairman, Ester Industries said, “We have started the fiscal on a positive note. Specialty Polymer has had a strong quarter as can be seen by operating and financial performance indicators. Film business after undergoing a challenging period of the last two years, is finally witnessing some positivity as far as pricing and margin environment is concerned. As the demand supply mismatch improves quarter after quarter, we are hopeful of margin and profitability improvement in times to come." 

"Specialty Polymer performed well both on a Y-o-Y and Q-o- Q basis. Q1 performance was largely driven by good volume off-take of our marquee products MB03 and Innovative PBT. Higher share of value-added products resulted in improved margins and profitability. We expect the momentum to not only sustain but accelerate further throughout the year. As I have emphasized earlier, this business is protected by intellectual property, which safeguards our margins and preserves profitability. We continue to work towards building a healthy product pipeline and expect positive contributions from some of them over the coming years," said Singhania. 

"As far as Film business is concerned, having gone through a rough period of the last two years especially with regards to margins, I am pleased to report that we have started to witness some respite over the past few months. The pricing and margin environment has started to improve. As a result, going forward Film SBU is likely to return better performance despite lower volumes of sales . The proportion of Value Added & Specialty products stood at 30% during the quarter under review and with a targeted increase to 40% by FY26, profitability is expected to get further boost," commented Singhania. 

Plastic Waste Management Rules (PWMR) mandating utilization of 10% recycled content in flexible packaging laminate, coming into force from 1 st April 2025 will further increase demand for Polyester Film with conversion taking place from other substrates to polyester, added Singhania.