Ester Industries Limited · NSE:ESTER
Ester Industries — Q1 FY26 Earnings Presentation
44 slides from Ester Industries's earnings presentation, Jul 31, 2025
Slide 1: Exchange filing cover letter
Date: 31st July 2025 BSE Limited (BSE) National Stock Exchange of India Limited (NSE) Department of Corporate services Exchange Plaza, Plot no. C/1, G Block, Phiroze Jeejeebhoy Towers Bandra-Kurla Complex, Dalal Street, Mumbai – 400023 Bandra (E), Mumbai – 400051 Scrip Code: 500136 Symbol: ESTER Dea
Slide 2: Ester Industries Ltd. Investor Presentation July 2025
ESTER Industries Ltd. Investor Presentation | July, 2025 1
Slide 3: Disclaimer
Disclaimer Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local political or economic developments, technological risks, and many other factors that could cause actual resu
Slide 4: Innovation with Purpose
INNOVATION WITH PURPOSE At Ester, our new identity reflects our mindset: precise, purposeful and future-focussed. For us sustainable innovation isn't a pursuit but is deeply engineered into everything we do to fulfil our mission of designing high performance materials for enduring tomorrow. Advanced
Slide 5: Table of Contents
Table of Contents Company Overview Business Overview Sustainability at the core Industry Overview Financial Overview Annexure 4
Slide 6: Vision Mission
Vision Mission OUR MISSION AT ESTER IS TO LEAD THE FRONTIER OF INNOVATION IN POLYESTER CHEMISTRY. Through relentless commitment to continuous research and OUR VISION IS TO FOSTER GLOBAL development, we aspire to craft specialized solutions that address SUSTAINABILITY BY EMPOWERING the distinctive ne
Slide 7: Company Overview
a. Company Overview
Slide 8: About Us
About Us Organization with 4 decades of Sustainability 3 State-of-the-art Exports to 50+ legacy at the core manufacturing facilities countries CRISIL A- JV with Loop Industries Inc. 560+ Employees 18+ granted Patents Credit Rating (Long Term) A step towards circular economy Business Segments Polyest
Slide 9: State-of-the-art Manufacturing Facilities
State-of-the-art Manufacturing Facilities Sitarganj Gurgaon Khatima Installed Capacity Products Capacity Corporate Headquarter Hyderabad Polyester Chips 67 KTPA Manufacturing Facility Polyester Films 108 KTPA Polyester Films rPET – Existing 8 KTPA rPET – Proposed* 20 KTPA Specialty Polymers Specialt
Slide 10: Global Presence
Global Presence Present in 50+ countries across the globe Revenue Breakup Q1 FY26(%) 39% 61% Domestic Export 9
Slide 11: Key Customers
Key Customers A flexible packaging and specialty polymer solutions provider, serving varied needs of customers across sectors. 10
Slide 12: Business Overview
N94 eu Business Overview 11
Slide 13: Business Segments (Consolidated Basis)
Business Segments (Consolidated Basis) Polyester Films* Specialty Polymers 86 % Q1FY6 Segmental Break-up 14 % 88 % FY25 Segmental Break-up 12 % *includes rPET 12
Slide 14: Polyester Film Business
Polyester Film Business Product Categories 300+BOPET Films SKUs Plain Films Metallized Films Holographic Films Polyester Films with up to (non-metallized and non-coated Films) 100% Recycled content Window Metallized Films Coated/Barrier Films Share of Value Added products* Application Industries Q1
Slide 15: Ester produces large number of BOPET films for packaging
Ester produces large number of BOPET films for several applications mainly for packaging solutions Coated Films products Barrier Films Products Both side coated films, Chemical resistance films, Low Transparent high oxygen barrier films, Transparent high COF Films, Digital Printable films, Antifog F
Slide 16: Application Categories for Polyester Film
Application Categories for Polyester Film Application Categories Flexible Packaging Barrier Packaging Twist Packaging Lidding Shrink Sleeving Holographic Cable Insulation Soft Finish Aesthetic Labels & Graphics 15
Slide 17: Key Features – Polyester Film SBU
Key Features – Polyester Film SBU: Focus on developing new Value Added products Committed to improve production efficiency and operating leverage to improve profitability over the long term Aiming towards increasing the share of Value Added Products on consolidated basis to ~30% by last quarter of F
Slide 18: Specialty Polymers
Specialty Polymers • Able to develop, manufacture & supply customized grades of specialty polyesters for various 01 3 Batch Polymerisation Lines applications. • Manufactures a wide range of Polyesters and allied co-polymers 6 Batch Solid State • Ester Industries is a global leader in manufacturing a
Slide 19: Sustainability at the core
Sustainability at the core 18
Slide 20: Sustainable Solutions
Sustainable Solutions At Ester Industries, we combine high-performance products with responsible manufacturing, driving innovation that supports a more sustainable future Key pillars Circular economy practices Green Technology Renewable energy initiatives • Dedicated to reducing waste, reusing • Har
Slide 21: True Circular Economy: JV with Loop Industries
True Circular Economy: JV with Loop Industries Ester Loop Infinite Technologies Private Limited (ELITe), a 50:50 Joint Through chemical recycling of polyester textile waste, recycled chips will Venture with Loop Industries, US NASDAQ listed company be offered to apparel, home furnishing and other te
Slide 22: Target industries for Loop technology products
End User Segment Target industries for products made from Loop’s patented technology Electronics Automotive Textile Cosmetics Rigid Packaging Flexible Packaging Loop rDMT & rMEG and recycled PET Chips made from rDMT & rMEG enable companies to Increase their sustainability Launch new products C
Slide 23: Government Mandates Driving Recycled Demand
Government Mandates Driving Recycled Demand 100% of plastics recycled in 2025 target 77% of beverage bottles to be collected €450/tonne on virgin single use plastic, Consumer brands to include at least 30% recycled plastic in packaging 2025 Zero plastic waste 2030 50% recycled content Extended produ
Slide 24: Recycling – Solution to Environmental Challenges
Recycling – Solution to Environmental Challenges Mechanical Recycling (rPET) offers cost effective sustainable solution Recycled Polyester Resin offerings for advance applications 8,000 20,000 TPA Existing capacity TPA (by Sep 25) (Sitarganj) (Hyderabad) Bottles Specialty Films Polymers 23
Slide 25: Ester Strategy for Recycling
Ester Strategy for Recycling Ester has adopted mechanical recycling in its existing operations and chemical recycling will be adopted by ELITe Criteria Mechanical Recycling Chemical Recycling ▪ Feed Stock ▪ Scrap PET bottles • PET bottles / Polyester textile / any kind of polyester waste • Breaks PE
Slide 26: Minimizing Our Environmental Footprint
Minimizing Our Environmental Footprint Ester’s environmental agenda is to achieve resource efficiencies and reduce the impact of our operations on the environment. Monthly water usage reduced 13% from 1,114 m3/24 hours to 976 Usage of rice husk (biofuel) as m3/24 hours primary fuel for heating and s
Slide 27: Industry Overview
al (2) Industry Overview 26
Slide 28: Industry Scenario
Industry Scenario Shift Towards Sustainable & Export Demand BOPET Thin Film Market in India 2025 (in KT) PCR content Materials India is a major exporter of polyester films PWMR* has mandated 10% PCR content in flexible to Europe, North America and Southeast 1350 packaging. This is pushing brand owne
Slide 29: Financial Overview
et Financial Overview 28
Slide 30: Chairman's Comments
“ Chairman’s Comments We are pleased to commence FY26 on a strong footing, building on the operational and strategic gains achieved in previous quarters. On a consolidated basis, during the quarter under review, revenue grew by a healthy 19% and EBITDA margin improved by 240 bps on Y-o-Y basis. The
Slide 31: Q1FY26 Consolidated Financial Highlights
Q1FY26 Consolidated Financial Highlights Q1FY26 Income EBITDA EBITDA margin INR 346.85 Cr INR 28.96 Cr 8.35 % 19% YoY 67% YoY 240 Bps PAT PAT Margin EPS INR (7.16) Cr (2.1) % INR (0.74) Improvement in performance during Q1 FY26 over Q1 FY25 on account of following: • Improvement in both business seg
Slide 32: Q1FY26 Standalone P&L
Q1FY26 Standalone P&L Particulars (Rs. Crs.) Q1FY26 Q1FY25 Y-o-Y (%) Total Income 284.97 243.77 16.90% EBITDA (Including Non Operating Income) 31.94 16.92 88.77% EBITDA Margin (%) 11.21% 6.94% 427BPS Profit After Tax 9.64 (2.04) PAT Margin (%) 3.38% (0.84)% EPS 1.00 (0.22) ➢ Polyester Film SBU: • BO
Slide 33: Q1FY26 Ester Filmtech Limited P&L
Q1FY26 Ester Filmtech Limited P&L Particulars (Rs. Crs.) Q1FY26 Q1FY25 Y-o-Y (%) Sales Volume (MT) 7,992 6,501 22.93% Total Income 94.13 80.92 16.32% EBITDA (Including Non Operating Income)* (2.69) 0.78 EBITDA Margin (%) (2.86)% 0.96% Profit After Tax (16.50) (13.74) PAT Margin (%) (17.53)% (16.98)%
Slide 34: Q1FY26 Consolidated P&L
Q1FY26 Consolidated P&L Particulars (Rs. Crs.) Q1FY26 Q1FY25 Y-o-Y (%) Total Income 346.85 292.35 18.64% EBITDA (Including Non Operating Income) 28.96 17.39 66.53% EBITDA Margin (%) 8.35% 5.95% 240BPS Profit After Tax (7.16) (16.10) PAT Margin (%) (2.1)% (5.5)% EPS (0.74) (1.71) ➢ Polyester Film SBU
Slide 35: Q1FY26 Polyester Films Segment - Consolidated
Q1FY26 Polyester Films Segment - Consolidated Particulars (Rs. Crs.) Q1FY26 Q1FY25 Y-o-Y (%) Sales Volume (MT) 22703 18,934 19.60% Revenue* 290.14 241.35 20.20% EBIT 6.95 (7.45) EBIT Margin (%) 2.40% (3.09)% * Includes Revenue from sale of Chips Chips Revenue - 12.22 *Includes rPET volume & Value as
Slide 36: Q1FY26 Specialty Polymer Segment - Consolidated
Q1FY26 Specialty Polymer Segment - Consolidated Particulars (Rs. Crs.) Q1FY26 Q1FY25 Y-o-Y (%) Sales Volume (MT) 954 918 3.93% Revenue 48.07 44.76 7.38% EBIT 15.21 19.57 (22.28)% EBIT Margin (%) 31.7% 43.7% • Sales of Innovative PBT increased from 301 MT to 561 MT FY24 FY25 Q1FY25 Q1FY26 • Though sa
Slide 37: Annexure
nf EB Annexure 36
Slide 38: Key Milestones
Key Milestones Company Incorporated Film Line-1 production Modernization of Chips Cost reduction through Started commercial production at capacity enhanced to 6000 plant to use PTA in Bio-mass Fuelled heating & wholly owned subsidiary, Ester MT place of DMT Glycol Ejectors Filmtech Ltd. Started manu
Slide 39: Certifications and Accreditations
Certifications and Accreditations ISO 9001: 2015 ISO 14001: 2015 ISO 45001: 2018 ISO 50001: 2018 Quality Management Systems Environmental Management Systems Occupational Health & Safety Energy Management Systems Management Systems Sustainability focused certifications GRS TUV Rheinland FSSAI Global
Slide 40: Management Expertise
Management Expertise Mr. Arvind Singhania Mr. Vaibhav Jha Chairman and CEO Deputy CEO Mr. Singhania, co-founder of Ester, has been actively associated Vaibhav Jha plays a crucial role in shaping and executing with the company since its inception in the Ester Industries' strategic vision. An IIT Bomb
Slide 41: Strong, transparent governance for long-term sustainability
Strong, transparent governance for long-term sustainability Emphasis on Compliances ▪ Installed compliance management tool (developed by PWC) in 2015 to ensure adherence to statutory & regulatory compliances. Implemented Code of Conduct for ▪ Audit of the compliance management tool to ensure zero no
Slide 42: CSR Projects (FY25)
CSR Projects (FY25) Empowering Through Udan GirlsFirst Ester Scholarship Mission – Telangana: Program – Uttarakhand: ▪ Improving Living Conditions: Enhancing ▪ Provided scholarship support to over the quality of life for migrant Odia 40 deserving girls from underprivileged populations in Telangana’s
Slide 43: About Us
About Us: (CIN :- L24111UR1985PLC015063) Incorporated in 1985, Ester Industries Limited (EIL), a public limited listed company promoted by Singhania family, is an ISO 50001:2018, ISO 45001:2018, ISO 14001:2015, ISO 9001:2015 and Food Safety System Certification 22000 certified leading manufacturer o
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