Dcm Shriram Limited · NSE:DCMSHRIRAM
Dcm Shriram — Q2 FY2026 Earnings Presentation
29 slides from Dcm Shriram's earnings presentation, Oct 28, 2025
Slide 1: DCM Shriram Limited Results Presentation Q2 FY 2026
DCM Shriram Limited Results Presentation Q2 FY 2026 October 28, 2025
Slide 2: Safe Harbour
Certain statements in this document may be forward-looking. 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 Safe cause our actual results to diffe
Slide 3: Table of Contents
Table of Contents 01 DCM Shriram Q2 & H1 FY2026 Segment wise Overview Results Performance Q2 FY 2026 • Overview 4 • Financial Snapshot 7 • Chemicals & Vinyl 15-19 • Our Businesses 5 • Revenue & PBDIT Drivers 8 • Sugar & Ethanol 20-22 • Management Message 6 • Segment Results 9 • Fenesta Building Syst
Slide 4: Overview – DCM Shriram Limited
Overview – DCM Shriram Limited KEY NUMBERS FOR FY 2024-25 12 Locations Net Revenue ₹120.8 bn PBDIT ₹14.7 bn 6 2 5 5 Total Employees Agri Rural ( 6 1 %) (Sugar & Ethanol, Shriram Farm PAT ₹6.0 bn Solutions, Bioseed, Fertilizer) Chemicals & Vinyl (29%) Net Worth ₹69.6 bn 35% Total Energy is Green . 10
Slide 5: Our Businesses – Existing Facilities
Our Businesses – Existing Facilities Chemicals Building Agri & Vinyl Material Businesses Products Businesses Fenesta Building Caustic Soda Sugar Systems (2,749 TPD) (42,400 TCD) (12,284 TPA) Hydrogen Peroxide Co-Gen (165 TPD) (166 MW) Other Epichlorohydrin Distillery . Businesses (52,000TPA***) (310
Slide 6: Management's Message
Management’s Message Commenting on the performance for the quarter & half year ending September 2025, in a joint statement, Mr. Ajay Shriram, Chairman & Senior Managing Director and Mr. Vikram Shriram, Vice Chairman & Managing Director, said: The global economic landscape is marked by moderate growt
Slide 7: Financial Snapshot – Q2 FY26
Financial Snapshot – Q2 FY26 All figures in Rs/Cr Q2 FY26 Q2 FY25 Net Revenue* PBDIT PAT 302 11% 74% 152% Net Debt 408 159 (Rs/Cr) 3,272 2,957 773 235 15.0 63 ROCE (%) 15.0 Q2'25 Q2'26 Q2'25 Q2'26 Q2'25 Q2'26 • Board announced an interim dividend of 180% amounting to Rs. 56.14 crores. * Net revenue
Slide 8: Revenue & PBDIT Drivers – Q2 FY26
Revenue & PBDIT Drivers – Q2 FY26 All figures in Rs/Cr Q2 FY 2026 Q2 FY 2025 Chemicals Sugar & Ethanol* Fenesta SFS -6% 28% 27% 50% 283 471 913 995 933 372 222 607 195% 2% 47% 254 143% 106 42 43 72 86 14 33 Revenue PBDIT Revenue PBDIT Revenue PBDIT Revenue PBDIT • Caustic volumes better by 22% on •
Slide 9: Segment Results – Q2 FY26
Segment Results – Q2 FY26 All figures in Rs/Cr Revenues PBIT PBIT Margins % Segments YoY % YoY % Q2'26 Q2'25 Q2'26 Q2'25 Q2'26 Q2'25 Change Change Chemicals & Vinyl 1,108 777 43 201 49 312 18 6 Sugar & Ethanol* 933 995 (6) 2 (15) - 0 - Fenesta Building Systems 283 222 28 35 33 5 12 15 Shriram Farm S
Slide 10: Financial Snapshot – H1 FY26
Financial Snapshot – H1 FY26 All figures in Rs/Cr H1 FY26 H1 FY25 Net Revenue* PBDIT PAT 12% 44% 67% 6,534 734 273 5,834 509 163 H1'25 H1'26 H1'25 H1'26 H1'25 H1'26 * Net revenue includes operating income. Net of excise duty of Rs 354 crs (LY Rs 369 crs) on country liquor sales. ** Tax outflow is eq
Slide 11: Revenue & PBDIT Drivers – H1 FY26
Revenue & PBDIT Drivers – H1 FY26 All figures in Rs/Cr H1 FY 2026 H1 FY 2025 Chemicals Sugar & Ethanol* Fenesta SFS 28% 47% 25% -10% 1,818 532 821 1,950 427 1,757 1,238 643 3% 43% 119% 476 -47% 217 76 78 91 130 50 27 Revenue PBDIT Revenue PBDIT Revenue PBDIT Revenue PBDIT • Caustic volumes better by
Slide 12: Segment Results – H1 FY26
Segment Results – H1 FY26 All figures in Rs/Cr Revenues PBIT PBIT Margins % Segments YoY % YoY % H1'26 H1'25 H1'26 H1'25 H1'26 H1'25 Change Change Chemicals & Vinyl 2,222 1,619 37 385 189 104 17 12 Sugar & Ethanol* 1,757 1,950 (10) (35) (5) - - - Fenesta Building Systems 532 427 25 62 61 2 12 14 Shr
Slide 13: Investments Update
Investments Update TPA : Tonne Per Annum, TPD : Tonne Per Day, TCD – Tonne Crush per Day, MW - Megawatt S.N. Particulars Completion Date 1 850 TPD Caustic Capacity Expansion at Bharuch May 2024 Investments completed 2 120 MW Power Plant at Bharuch June 2024 FY 2025 & 26 3 52,500 TPA Hydrogen Peroxid
Slide 14: Segment Wise Performance
&S DCM SHRIRAM Growing with trust Segment Wise Performance
Slide 15: Chemicals & Vinyl Business
Chemicals & Vinyl Business Revenues PBDIT Cap. Employed Particulars (Rs/ Cr) (Rs/Cr) (Rs/Cr) Q2 FY26 1,108.4 266.8 5,104.0 Q2 FY25 777.4 102.1 4,397.7 % Shift 42.6 161.4 16.1 H1'26 2,222.2 511.4 5,104.0 H1'25 1,619.3 280.5 4,397.7 % Shift 37.2 82.3 16.1 Capital employed includes CWIP of Rs 801 crs a
Slide 16: Chemicals
Chemicals Operational Financial Caustic Sales ECU Realisations Revenues PBDIT Particulars PBDIT Margin (%) (MT) (Rs/MT) (Rs/Cr) (Rs/Cr) Q2 FY26 2,02,325 28,171 913.1 254.5 27.9 Q2 FY25 1,66,344 25,892 606.8 86.1 14.2 % Shift 21.6 8.8 50.5 195.4 96.3 H1'26 3,99,629 29,503 1,817.9 476.5 26.2 H1'25 3,3
Slide 17: Chemicals
Chemicals ▪ The global caustic soda market experienced growth driven by demand from industries like alumina, textiles, and chemicals. Although the prices remained stable during the quarter, economic factors and geopolitical uncertainty are expected to keep prices volatile. ▪ India’s caustic soda mar
Slide 18: Vinyl
Vinyl Operational Financial PVC XWR Carbide XWR PVC Sales Carbide Sales Revenues PBDIT PBDIT Margin Particulars Realisations Realisations (MT) (MT) (Rs/Cr) (Rs/Cr) (%) (Rs/MT) (Rs/MT) Q2 FY26 14,544 70,357 7,621 57,577 195.3 12.4 6.3 Q2 FY25 11,312 80,388 5,891 63,077 170.6 15.9 9.3 % Shift 28.6 (12
Slide 19: Vinyl
Vinyl ▪ Global PVC demand remained sluggish in the period. ▪ Indian PVC demand declined by ~8% in the quarter mainly due to wettest monsoons in over a decade. However, for H1, the Industry Overview demand was flat. ▪ PVC imports in the quarter were impacted owing to impending anti dumping duty annou
Slide 20: Sugar & Ethanol
Sugar & Ethanol Revenues * PBDIT PBDIT Margin Cap. Employed Particulars (Rs/Cr) (Rs/Cr) (%) (Rs/Cr) Q2 FY26 933.0 33.4 3.6 2,860.3 Q2 FY25 994.6 13.7 1.4 2,813.2 % Shift (6.2) 143.5 159.6 1.7 H1'26 1,757.0 26.7 1.5 2,860.3 H1'25 1,950.2 50.4 2.6 2,813.2 % Shift (9.9) (47.0) (41.2) 1.7 * Net of excis
Slide 21: Sugar & Ethanol
Sugar & Ethanol Operational Sugar Sales Sugar Production Sugar (Domestic) Distillery Sales Distillery XWR (Rs/ Particulars (Domestic) (Lac Qtls) XWR (Rs/Qtl) (Lac Ltrs) Ltrs) (Lac Qtls) Q2 FY26 0.0 14.9 4,046 383.6 58.7 Q2 FY25 0.0 16.4 3,857 442.1 62.3 % Shift - (9.4) 4.9 (13.2) (5.7) H1'26 0.0 27.
Slide 22: Sugar & Ethanol
Sugar & Ethanol ▪ Revenues for Q2 FY26 down 6% YoY(H1 FY26 down 10%) o Domestic sugar volumes down 9% in Q2 FY26 (H1 FY26 down 16%) due to lower offtake. o Domestic Sugar prices for Q2 FY26 up 5% at Rs/ qtl 4,046 vs 3,857 LY (H1 FY26 also up 5% YoY). o Ethanol volumes in the current quarter were dow
Slide 23: Fenesta Building Systems
Fenesta Building Systems Operational Financial Order Book Revenues PBDIT PBDIT Margin Cap. Employed Particulars (Rs/Cr) (Rs/Cr) (Rs/Cr) (%) (Rs/Cr) Q2 FY26 489.2 283.3 43.1 15.2 155.8 Q2 FY25 285.4 221.6 42.2 19.0 17.9 % Shift 71.4 27.8 2.2 (20.0) 771.0 H1'26 770.2 531.7 78.2 14.7 155.8 H1'25 535.7
Slide 24: Shriram Farm Solutions
Shriram Farm Solutions Revenues PBDIT PBDIT Margin Cap. Employed Particulars (Rs/Cr) (Rs/Cr) (%) (Rs/Cr) Q2 FY26 471.0 106.2 22.5 (231.0) Q2 FY25 371.7 72.0 19.4 (277.7) % Shift 26.7 47.4 16.3 - H1'26 820.7 130.4 15.9 (231.0) H1'25 642.8 91.3 14.2 (277.7) % Shift 27.7 42.9 11.9 - The products includ
Slide 25: Fertilizer (Urea)
Fertilizer (Urea) Operational Financial Sales Realisations Revenues PBDIT PBDIT Margin Cap. Employed Particulars (MT) (Rs/MT) (Rs/Cr) (Rs/Cr) (%) (Rs/Cr) Q2 FY26 1,05,904 32,406 357.4 20.0 5.6 149.5 Q2 FY25 1,03,721 35,828 387.1 24.4 6.3 (17.3) % Shift 2.1 (9.6) (7.7) (18.0) (11.2) - H1'26 2,09,802
Slide 26: Bioseed
Bioseed Revenues (Rs/Cr) PBDIT PBDIT Margin Cap. Employed Particulars Bioseed India Subsidiaries Total (Rs/Cr) (%) (Rs/Cr) Q2 FY26 76.3 9.9 86.2 (6.6) - 659.4 Q2 FY25 123.9 34.8 158.8 18.3 11.5 536.1 % Shift (38.5) (71.6) (45.7) - - 23.0 H1'26 301.2 69.0 370.2 35.2 9.5 659.4 H1'25 312.1 64.9 377.0 4
Slide 27: Others
Others Revenues PBDIT Particulars (Rs/Cr) (Rs/Cr) Q2 FY26 55.5 (7.9) Q2 FY25 63.3 (3.4) % Shift (12.3) - H1'26 133.0 (7.1) H1'25 140.3 (3.5) % Shift (5.2) - Other Businesses includes : 1. Cement Business : The Company’s cement business is located at Kota (Rajasthan) with manufacturing capacity of 4
Slide 28: Financials - Consolidated
Financials - Consolidated Amount in Rs/Cr Particulars Q2 FY 2026 Q2 FY 2025 H1 2026 H1 2025 FY 2026 Revenue from Operations 3432.4 3130.1 6887.6 6203.1 12741.3 Total Income 3531.3 3184.0 7008.7 6282.9 12883.5 PBDIT 407.9 235.1 733.7 508.8 1472.4 Depreciation and Amortization 119.0 100.9 230.5 187.2
Slide 29: About Us & Investor Contacts
DCM Shriram Ltd. is a diversified and an integrated business entity with extensive and growing presence across the Agri value chain, Chemicals & Vinyl industry and Building Material Products. Access to captive power at all key manufacturing units enables the businesses to optimize competitive edge.