29 July 2026, New Delhi: DCM Shriram Ltd reported a 9% year-on-year increase in consolidated revenue for the first quarter of FY27, with growth led by its Chemicals and Fenesta Building Systems businesses despite continued geopolitical uncertainties, supply chain disruptions and an uneven start to the southwest monsoon.
The company posted net revenue (net of excise duty) of ₹3,564 crore for the quarter ended June 30, 2026, compared with the corresponding period last year. Consolidated Profit Before Depreciation, Interest and Tax (PBDIT) rose 12% to ₹364 crore.
Reported Profit After Tax (PAT) stood at ₹693 crore, significantly higher than ₹114 crore in Q1 FY26. The company said the figure includes a positive tax adjustment of ₹474.3 crore arising from favourable income tax judgments relating to previous years, along with one-time exceptional gains of ₹79.4 crore from the sale of land and stake sale associated with a joint venture formation. Excluding these one-off items, the company’s normalised PAT for the quarter was ₹147 crore.
Revenue growth during the quarter was primarily driven by the Chemicals business, which recorded a 33% year-on-year increase, and Fenesta Building Systems, which grew 22%. The improvement in profitability was largely supported by the Chemicals & Vinyl segment, where PBDIT increased 30% over the previous year.
Commenting on the results, Ajay Shriram, Chairman & Senior Managing Director, and Vikram Shriram, Vice Chairman & Managing Director, said the quarter was marked by geopolitical tensions, particularly in West Asia, which affected global supply chains, energy markets and inflation expectations. They added that while India experienced an erratic onset of the southwest monsoon that temporarily impacted rural consumption, the country’s industrial outlook remains supported by strong domestic fundamentals.
The company said its Chemicals business delivered a resilient performance amid challenging global market conditions. Domestic demand for caustic soda remained healthy, while its advanced materials operations continued to improve utilisation levels. DCM Shriram also stated that downstream integration projects, including Aluminium Chloride and Calcium Chloride facilities, are currently undergoing pre-commissioning trials and are expected to strengthen the company’s specialty chemicals portfolio.
In the Sugar and Ethanol business, the company reported stable operations supported by lower domestic sugar inventories and a global sugar deficit that has strengthened international prices. However, it noted that the long-term sustainability of the ethanol blending ecosystem will require continued government policy support on feedstock pricing and alternative usage mandates.
Among its consumer-facing businesses, Fenesta Building Systems registered healthy volume-led growth, while Shriram Farm Solutions managed inventory and supply chain operations effectively despite weather-related challenges affecting the agricultural sector.
Looking ahead, DCM Shriram said its major capital expenditure projects are entering the commissioning phase, with the focus shifting towards capacity ramp-up, deeper value-chain integration and disciplined capital allocation. The company added that its strong balance sheet provides resilience against external volatility while supporting future growth investments. It also reiterated its commitment to sustainability through improved resource efficiency and energy optimisation across its manufacturing operations.
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