Transcript of Investors'' Conference Call on Q4 & FY26 Financial Results
BIRLANU · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
BirlaNu (formerly HIL) reported FY26 consolidated revenue of Rs. 3,730 crores (3% growth) and standalone EBITDA of Rs. 146 crores (39% growth). Q4 standalone revenue was Rs. 625 crores with margin expansion of 380 basis points. Walls segment delivered strong performance with Rs. 610 crores revenue (13% growth), while Construction Chemicals grew 45% to Rs. 117 crores (crossing Rs. 100 crore milestone) including Clean Coats acquisition contribution of Rs. 20 crores for 4.5 months. Pipes segment saw revenue decline of 8% to Rs. 495 crores due to PVC resin price volatility but Q4 margins improved by 1,300 basis points. European subsidiary Parador reported Q4 operating loss of Rs. 35 crores including Rs. 19 crores severance provision. An impairment of Rs. 74 crores was created for Parador investment. Debt was reduced from Rs. 929 crores to Rs. 851 crores through working capital management. New boards plant in Nellore and OPVC facility in Patna are on track.
Management flagged margin improvement momentum in Q4 and expects FY27 benefits from BCG cost optimization program, but headwinds from Parador losses and input cost inflation persist. The company is targeting sales acceleration in Pipes and premiumization in Construction Chemicals to reach double-digit EBITDA margins.