Earnings call · Apr–Jun 2026
Ester Industries Ltd.
Ester Industries reported Apr–Jun 2026 consolidated revenue growth of 27.4% to ₹442 crore & EBITDA growth of 103.4% to ₹58.9 crore, driven by improved BOPET film realizations, better capacity utilization & growing value-added specialty (VAS) products mix. Management expects sustainable earnings for the next 6-8 quarters & targets revenue of ₹2,000-₹2,200 crore within 2-3 years.
The full notes: the guidance, numbers & KPIs, strategy, outlook, risks, what analysts asked.
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From the company
- Vaibhav JhaChief Executive Officer
- Sourabh AgarwalChief Financial
- Pradeep RustagiExecutive Director
Questions came from
- Shlok PatelZenflow Finance
- Saransh GuptaSVAN Investments
- Raj ShahFident AMC
- Charchit MalooGenuity Capital
- Saket KapoorKapoor Company
- Amit KumarDetermined Investment
- B. Surendra
Hosted by Amit Sharma of Adfactors PR
Topics in this call
Opening remarks
Vaibhav JhaChief Executive Officer
Thank you, Amit. Thank you, everyone, for joining us today. I will take you through the industry environment and key business developments during the quarter, following which Sourabh will walk you through the financial performance. I would first share with you a short perspective on the industry landscape before I move to company-specific key updates.
The operating environment for the BOPET film industry continued to improve during Q1 FY27. Global prices of BOPET have seen stability due to tighter trade flows, raw material shortage as well as increase in raw material and freight costs. At the same time, the disruptions and uncertainties caused by imposition of reciprocal and punitive trade tariffs by U.S.A. during Q2 and Q3 of FY26 have largely moderated, subsequent to rejection of such trade tariffs by the Supreme Court of U.S.A.
Read the whole call: 224 paragraphs, 7 analysts' questions with every answer, 8 marked passages.
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The transcript as the company filed it on BSE. Our own rules split it into speakers & sections; an unusual layout can trip them, so check the original PDF for anything important. Not a recommendation.