DCM Shriram Achieves Steady Q3 FY26 Results with Strong Chemicals and Agri Business Performance
DCM Shriram reported resilient Q3 FY26 results, achieving ₹3,811 crore in net revenues, a 13% increase year-on-year, despite a volatile global environment. Growth was strong across Chemicals (+30%), Sugar & Ethanol (+15%), Fenesta (+28%), and Shriram Farm Solutions (+16%). While PAT declined due to a one-time charge, the company saw robust volume-led growth in Chemicals, benefited from higher sugar prices, and expanded its building systems and farm solutions. Strategic expansions, including new chemical facilities and acquisitions, are underway to strengthen its diversified portfolio.
DCM Shriram Ltd., a diversified business group spanning agri, chemicals, and building materials, announced its Q3 FY26 financial results, showcasing operational resilience amidst a volatile global business landscape. For the quarter ended December 31, 2025, the company recorded net revenues of ₹3,811 crore, marking a 13% increase compared to Q3 FY25. PBDIT grew by 4% to ₹560 crore, while PAT declined by 19% to ₹213 crore, primarily due to a one-time exceptional charge of ₹55 crore related to new labor codes.The company's Chemicals business led the growth, reporting a 30% revenue increase driven by strong volumes, new projects like Hydrogen Peroxide and Epichlorohydrin (ECH), and the epoxy acquisition. The recently commissioned ECH facility gained market acceptance, and new anti-dumping duties on liquid epoxy resins are expected to bolster the epoxy business. The Sugar and Ethanol segment saw a 15% revenue rise, benefiting from higher sugar prices, improved volumes, and a retrospective ethanol export duty reversal, despite cost pressures from increased SAP.Fenesta Building Systems expanded its offerings, contributing to a 28% revenue increase, while Shriram Farm Solutions delivered a steady 16% revenue growth, achieving its highest-ever quarterly sales for research wheat seed. Leadership emphasized India's resilient macroeconomic fundamentals against global supply chain disruptions. DCM Shriram continues its strategic expansion, having acquired an epoxy plant and partially commissioned the ECH plant, with several other projects, including renewable energy and new chemical facilities, underway to strengthen its integrated and future-ready enterprise.
