Slide 1: Cover letter to stock exchanges
INDUSTRIES LTD. CIN: L24111UR1985PLC015063 Date: 14th May 2026 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 – 400001 Bandra (E), Mumbai – 4
Slide 2: Investor Presentation | Q4 & FY26
ESTER Industries Ltd. Investor Presentation | Q4 & FY26 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: Table of Contents
Table of Contents Financial Overview Company Overview Business Overview Sustainability at the core 3
Slide 5: Financial Overview
ba Financial Overview
Slide 6: Commenting on the results
“ Commenting on the results… The external operating landscape witnessed a significant turnaround during the quarter ended March 31, 2026. The persistent headwinds that pressured the Biaxially-oriented Polyethylene Terephthalate (BOPET) Film segment through most of FY26 are steadily abating, driven b
Slide 7: Q4 & FY26 Consolidated Financial Highlights
Q4 & FY26 Consolidated Financial Highlights Q4 FY26 FY26 Income EBITDA Income EBITDA INR 345.1 Cr INR 43.3 Cr INR 1,392.7 Cr INR 110.6Cr 7.2% YoY 10.7% YoY 7.2% YoY (32.5)% YoY PAT EBITDA margin PAT EBITDA margin INR 7.9 Cr 12.6% INR (27.5) Cr 7.9% PAT Margin EPS PAT Margin EPS 2.3% INR 0.81 (2.0%)
Slide 8: Standalone P&L Statement: Q4 & FY26
Standalone P&L Statement: Q4 & FY26 Standalone Particulars (Rs. Cr) Q4 FY26 Q4 FY25 Y-o-Y (%) FY26 FY25 Y-o-Y (%) Total Income 257.3 261.4 (1.6)% 1,059.6 1,084.9 (2.3)% EBITDA* 25.6 36.2 (29.3)% 85.9 133.7 (35.8)% EBITDA Margin (%) 9.9% 13.8% (390) bps 8.1% 12.3% (420) bps Profit After Tax 4.4 12.3
Slide 9: Consolidated P&L Statement: Q4 & FY26
Consolidated P&L Statement: Q4 & FY26 Consolidated Particulars (Rs. Cr) Q4 FY26 Q4 FY25 Y-o-Y (%) FY26 FY25 Y-o-Y (%) Total Income 345.1 321.9 7.2% 1,392.7 1,299.0 7.2% EBITDA* 43.3 39.1 10.7% 110.6 163.9 (32.5)% EBITDA Margin (%) 12.6% 12.2% 40 bps 7.9% 12.6% (470) bps Profit After Tax 7.9 2.0 301%
Slide 10: Q4 & FY26 Consolidated Business wise Performance
Q4 & FY26 Consolidated Business wise Performance Polyester Films Particulars (Rs. Cr) Q4 FY26 Q4 FY25 Y-o-Y (%) FY26 FY25 Y-o-Y (%) Chips Sales Volume (MT) 1,957 749 161.2% 8,569 3,663 133.9% Films Sales Volume (MT) 19,656 19,218 2.3% 80,517 76,580 5.1% rPET Sales Volume (MT) 1,677 742 126.0% 5,325
Slide 11: Annual Business Performance Highlights
Annual Business Performance Highlights Polyester Films Specialty Polymer Segment 01 Segment 02 • Consolidated capacity utilization: 78% in FY26 as compared to • Quantity of sales of Specialty Polymers increased from 74% in FY25. 3,165 MT in FY25 to 3,836 MT in FY26, a growth of 21%. • The company co
Slide 12: Q4 & FY26 Ester Filmtech Limited P&L
Q4 & FY26 Ester Filmtech Limited P&L Particulars (Rs. Cr) Q4 FY26 Q4 FY25 Y-o-Y (%) FY26 FY25 Y-o-Y (%) Sales Volume (MT) 9,886 6,447 53.3% 37,439 27,071 38.3% Total Income 131.7 78.5 67.7% 455.4 352.2 29.3% EBITDA* 18.6 1.9 895.2% 27.0 31.0 (12.9)% EBITDA Margin (%) 14.1% 2.4% 1,170 bps 5.9% 8.8% (
Slide 13: Consolidated Sales Volume
Consolidated Sales Volume Sales Volume - Specialty Polymer (MT) Sales Volume – Films (MT) 754 19,656 19,218 80,517 658 3,836 76,580 3,165 Q4 FY25 Q4 FY26 FY25 FY26 Q4 FY25 Q4 FY26 FY25 FY26 Sales Volume – rPET (MT) Sales Volume – Chips (MT) 1,677 5,325 8,569 1,957 742 3,663 1,486 749 Q4 FY25 Q4 FY26
Slide 14: Way Ahead
Way Ahead ester Gj Aspiration Achieve long term margin resilience and value creation Key Pillars Strategy 0 SP RAMP UP 25), FILMS VAS RAMP UP @ Sustainable solutions g Cost Optimization Pillars = Scale production and market share of high-margin specialty polymers and = Innovate and enhance sustainab
Slide 15: FY26 Consolidated Balance Sheet
FY26 Consolidated Balance Sheet Particulars (Rs. Cr) Particulars (Rs. Cr) Mar-26 Mar-25 Mar-26 Mar-25 Total Equity & Liabilities Total Assets EQUITY AND LIABILITIES ASSETS Equity 782.7 772.5 Non-current assets 1,067.6 1,067.6 Equity share capital 48.8 47.0 Property, plant and equipment 977.5 976.3 O
Slide 16: FY26 Consolidated Cash Flow Statement
FY26 Consolidated Cash Flow Statement Cash flow (April 25 to March 26) Rs. In Crores Nature Cash Flow Opening Cash & Bank and other bank Balance 68.0 Investment as on 1st April 2025 58.0 Profit before tax (24.3) Operating activities Non-Cash Item ( Depreciation &Forex) 109.2 Operating activities Sou
Slide 17: Company Overview
al. Company Overview 16
Slide 18: 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. 615+ Employees 20+ granted Patents Credit Rating (Long Term) A step towards circular economy Business Segments Polyest
Slide 19: Key Milestones
Key Milestones Company Incorporated Film Line-1 production Modernization of Cost reduction through First Two Stage Set up a second Two-Stage Offline capacity enhanced to Chips plant to use PTA Bio-mass Fuelled heating & Offline Coater – Coater, PCR Extruder at EFTL, 6000 MT in place of DMT Glycol Ej
Slide 20: Key Strengths
Key Strengths High-Margin Specialty Polymer Deep Intellectual Property & R&D Vertically Integrated & Scalable Portfolio Prowess Manufacturing Infrastructure Ester is focused on enhancing Innovation is the company’s core With manufacturing facilities at volume & value of sales of high- competitive mo
Slide 21: Way Ahead
Way Ahead Focus on developing new Value Added products Aiming towards increasing Balanced mix of domestic the share of Value Added and exports Products on consolidated basis to ~35% by last quarter of FY27 to mitigate cyclicality Committed to improve Sustainability - achieve production efficiency an
Slide 22: Corporate Structure
Corporate Structure Ester Industries Ltd Ester Loop Infinite Ester Filmtech Ltd Wholly owned subsidiary Technologies Pvt Ltd 50:50 JV with Loop Industries, Canada 21
Slide 23: Experienced Management Team
Experienced Management Team Mr. Arvind Singhania Mr. Vaibhav Jha Chairman 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 year 1985. Ester Industries' strategic vision. An IIT B
Slide 24: Global Presence
Global Presence Present in 50+ countries across the globe Revenue Breakup Q4 FY26(%) 38% 62% Domestic Export 23
Slide 25: Business Overview
Business Overview 24
Slide 26: Business Segments Revenue (Consolidated Basis)
Business Segments Revenue (Consolidated Basis) Polyester Films* Specialty Polymers 93 % Q4FY26 Segmental Break-up 7% 87 % FY26 Segmental Break-up 13 % *includes rPET 25
Slide 27: 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 Coloured Films Share of Value Added products* Applicatio
Slide 28: 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 29: State-of-the-art Manufacturing Facilities
State-of-the-art Manufacturing Facilities Sitarganj Gurgaon Khatima Corporate Headquarter Installed Capacity Hyderabad Products Capacity Manufacturing Facility Polyester Chips 67 KTPA Polyester Films Polyester Films 108 KTPA rPET 28 KTPA Specialty Polymers Specialty Polymers 30 KTPA 28
Slide 30: Customer Landscape
Customer Landscape A flexible packaging and specialty polymer solutions provider, serving varied needs of customers across sectors. 29
Slide 31: Industry Scenario
Industry Scenario Shift Towards Sustainable & Export Demand BOPET Thin Film Market in India FY26 (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 32: Sustainability at the core
Sustainability at the core 31
Slide 33: 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 34: 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 35: Ester & Loop JV – ELITe
Ester & Loop JV – ELITe Target industries for products made from Loop’s patented technology Electronics Textile Automotive Cosmetics Rigid Packaging Flexible Packaging Loop rDMT & rMEG and recycled PET Chips made from rDMT & rMEG enable companies to ~US$ 28bn ~4% CAGR Increase their Launch new
Slide 36: Government Mandates Driving Recycled Demand
Government Mandates Driving Recycled Demand European Union Ecodesign for Sustainable 100% of plastics recycled in 2025 target Products Regulation (ESPR) 77% of beverage bottles to be collected €450/tonne on virgin Separate collection of textile single use plastic, Jan waste becomes mandatory 2025: C
Slide 37: 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 TPA 20,000 TPA Sitarganj Hyderabad Bottles Specialty Films Polymers Patent filed for Ultra Clean Crystal Clear rPE
Slide 38: Our Recycling Strategy
Our Recycling Strategy Ester has adopted mechanical recycling in its existing operations while chemical recycling will be adopted by ELITe Criteria Mechanical Recycling Chemical Recycling ▪ Feed Stock ▪ Scrap PET bottles • Packaging waste / Polyester textile waste/ any kind of polyester waste ▪ Mate
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 TUV Aus
Slide 40: 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 41: Minimizing Our Environmental Footprint
Minimizing Our Environmental Footprint Our environmental agenda is to achieve resource efficiencies and reduce the impact of business operations on environment During FY26, per MT of production, water usage has reduced through Continuous usage of rice husk improved operational efficiency and (biofue
Slide 42: CSR Projects (FY26)
CSR Projects (FY26) Promoting Education: Action for Autism: Providing Free Education, Books, Uniform Providing Vocational Skills in Permaculture and Transport to the underprivileged and and Food Processing for Autistic Youth at economic weaker section students living in Ananda - The Assisted Living
Slide 43: For more information contact
For more information contact: Pradeep Kumar Rustagi Investor Relations Advisors Executive Director - Corporate Adfactors Investor Relations Affairs Ester Industries Ltd. Mr. Tejpal Singh Mr. Yash Sanghavi Tel: +91 124 2656 100 +91 93517 45014 +91 8369881109 E-mail: pradeep.rustagi@ester.in Tejpal.si