Ghcl Limited · NSE:GHCL
Ghcl — Q2 FY26 Earnings Presentation
24 slides from Ghcl's earnings presentation, Nov 1, 2025
Slide 1: Investors' Presentation – Q2FY26 Business Update (exchange intimation letter)
November 1, 2025 National Stock Exchange of India BSE Limited Limited Corporate Relationship Department, “Exchange Plaza” 1st Floor, New Trading Ring, Rotunda Building, P.J. Bandra – Kurla Complex, Towers, Bandra (E), Mumbai – 400 051 Dalal Street, Fort, Mumbai – 400 001 NSE Code: GHCL BSE Code: 500
Slide 2: GHCL Limited Q2 FY26 Investor Presentation
GHCL LIMITED Q2 FY26 Investor Presentation November 2025
Slide 3: Safe Harbour
2 This presentation and the accompanying slides (the “Presentation”), which have been prepared by GHCL Limited (the “Company” or “GHCL”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any Safe securities,
Slide 4: Leading the way: Integrated, Efficient & Growing
Leading the way: Integrated, Efficient & Growing 3 India projected to be one of the Domestic Soda fastest-growing Ash demand to major economies in Best-in-class in grow @ 6% Sector-leading CAGR from the world; GDP operational manufacturing forecast of 6%+ in excellence efficiencies FY25-30 the next
Slide 5: Assured growth opportunities for Soda ash
Assured growth opportunities for Soda ash 4 Soaps & Detergents Glass Manufacturing Growing ahead of GDP growth Pulp & Paper Manufacturing 3.8 MMT Textiles Industry Account for >70% of consumption Historically growing at GDP rate of Domestic Soda growth. Potential to accelerate, subject to Sodium Bic
Slide 6: Performance Overview
Performance Overview
Slide 7: Insights from the management
Insights from the management 6 “Q2 has truly demonstrated GHCL's resilience. We successfully navigated significant global geopolitical headwinds and trade uncertainties, capitalizing on healthy domestic demand driven by India’s growing GDP and a good monsoon. Our primary challenge has been the high
Slide 8: Performance highlights – Q2 & H1 FY26
Performance highlights – Q2 & H1 FY26 7 (Rs. In Crore) Revenue EBITDA PAT Cash Profit 739 175 107 135 Q2 FY26 Q-o-Q % Change (10)% (22)% (26)% (22)% Y-o-Y (9)% (23)% (31)% (26)% % Change 1562 399 252 307 H1 FY26 Y-o-Y % Change (6)% (14)% (17)% (15)%
Slide 9: Key performance trends
Key performance trends 8 (Rs. In Crore) Quarterly Performance Trends 32% 35% 30% 28% 27% 30% 24% 810 807 807 823 25% 739 20% 228 259 244 225 175 15% 10% Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Sales EBITDA EBITDA margin Performance trends: ⚫ Global markets facing sustained global uncertainty, trade
Slide 10: Profit & loss statement
Profit & loss statement 9 (Rs. In Crore) Q2 FY26 Q2 FY25 Y-o-Y Q1 FY26 Q-o-Q FY25 Revenue 739 810 (9%) 823 (10%) 3273 Operating Expenses 564 582 (3%) 599 (6%) 2307 EBITDA 175 228 (23%) 225 (22%) 966 EBITDA Margins 23.7% 28.2% (450) Bps 27.3% (360) Bps 29.5% Depreciation 28 28 (1%) 27 3% 112 EBIT 147
Slide 11: Resource allocation & key financial ratios
Resource allocation & key financial ratios 10 Efficient Capital Allocation in H1 FY26 Growth Capex Debt Repayment Rs. 185 Crore Rs. 22 Crore Cash Inflows Generated Dividends Paid Working Capital Release Rs. 313 crore Rs. 115 Crore Rs. 51 Crore Increase in Cash and Cash Equivalents of Rs. 43 crore EB
Slide 12: Highlights of Proposed Share Buyback Program
Highlights of Proposed Share Buyback Program 11 Strategic Rationale GHCL has announced its third buyback program through “Tender Offer” route. ⚫ Efficient Capital Return: To return part of the surplus Buyback Size Buyback Price cash to shareholders. Rs. 300 crore Rs. 725 p.s. ⚫ Enhance Shareholder V
Slide 13: Industry & Company Overview
GHCL Industry & Company Overview
Slide 14: Soda ash industry scenario
Soda ash industry scenario 13 Drivers of demand in India Demand by User Segment Traditional Glass 26% • Infrastructure and Construction Boom India Global GHCL’s • Automotive Industry Expansion • Sustainable Packaging Push market share Glass 31% 62% • Demand for Glass will surpass Detergent, with urb
Slide 15: GHCL – A class leader with proven track record of strong execution
GHCL – A class leader with proven track record of strong execution 14 Key Differentiating Factors Innovation in Unique 30 years of Best in class Best in class operational customer management utilization productivity processes servicing expertise Despite the headwinds faced by the Chemical sector, GH
Slide 16: Value-addition to drive future growth
Value-addition to drive future growth 15 Capturing value across the product chain Smart CAPEX, by design – Capex of Rs. 300 Cr. Bromine: Setting up capacity of 2,800 MT at existing salt Existing salt works: • Bulk Bromine works; to generate 40%+ EBITDA margin Complementary value- • Vacuum Salt added
Slide 17: Soda Ash: Usage Linked to Consumer Businesses
Soda Ash: Usage Linked to Consumer Businesses 16 “Varied applications across Consumer Businesses” Soda ASH Soaps Detergents Sodium Bi-Carbonate Solar glass Flat glass Bottled glass Multiple uses across various industries growing along with India’s economic growth and rising aspirations
Slide 18: CSR strategy and focus areas
CSR strategy and focus areas 17 Social and Relationship Capital Highlights Sustainable supply chain rests on four key foundations Rs. 21.86 Cr. 15.24% 87% Social Governance CSR spends Supplier assessed on Customer ESG by spend Satisfaction Quality Environment 1.36 Lacs + 10 Integrating ESG into the
Slide 19: Sustainability vision
Sustainability vision 18 Stakeholder Centricity Climate Warriors Zero Harm Initiative ⚫ Achieved attrition rate of 6.14% ⚫ Emission reduction through ⚫ Embedding a proactive safety in the executive cadre, fuel transition, renewable culture in partnership with maintaining a single-digit energy adopti
Slide 20: Empowering over 10,000 Women
Empowering over 10,000 Women 19 Transforming Lives Through Self Help Groups & Skill Development Women are the backbone of society, empowering them transforms communities. Thriving Communities: Skill Development Impact: Success in Action: Ripple Effect: Over 262 SHGs empowering 4,000+ women trained i
Slide 21: Evolution of GHCL through the years
Evolution of GHCL through the years 20 Soda Ash capacity increased to 8.5 Soda Ash production capacity Successfully completed divestment Successfully demerged spinning Lacs MTPA increased to 9.75 Lacs MTPA of Home Textile business to lndo business into GHCL Textiles Limited Count Industries Limited
Slide 22: Guided by a visionary team
Guided by a visionary team 21 Anurag Dalmia Arun Kumar Jain (Non-Executive Chairman) (Ex-IRS) (Independent Director) Experienced and Neelabh Dalmia Mrs. Vijaylaxmi Joshi accomplished (Executive Director, Growth & Diversification) (Ex-IAS) (Independent Director) Board of R S Jalan Directors Dr. Manoj
Slide 23: About us
About us 22 GHCL Limited was incorporated on 14th October 1983. The Company has established itself as a well-diversified group with an ascertained footprint in chemicals and consumer products segments. In Chemicals, the Company mainly manufactures Soda Ash (Anhydrous Sodium Carbonate) that is a majo
Slide 24: Thank You
Thank You