Containers & Packaging company Ester Industries announced Q4FY26 & FY26 results Consolidated Financial Highlights: Revenue from operations: Q4FY26: Rs 34,382.05 lakh compared to Rs 31,925.57 lakh in Q4FY25 (YoY increase of 7.70%). Compared to Q3FY26 (Rs 33,898.02 lakh), this reflects a QoQ increase of 1.43%. FY26: Rs 1,37,519.49 lakh compared to Rs 1,28,214.21 lakh in FY25 (YoY increase of 7.26%). Profit before tax: Q4FY26: Loss of Rs 1,267.61 lakh compared to a profit of Rs 637.14 lakh in Q4FY25. Compared to Q3FY26 (Rs 943.81 lakh), this reflects a QoQ decrease of 234.33%. FY26: Loss of Rs 2,279.97 lakh compared to a profit of Rs 2,780.63 lakh in FY25. Profit after tax: Q4FY26: Loss of Rs 1,141.26 lakh compared to a profit of Rs 196.13 lakh in Q4FY25. Compared to Q3FY26 (Rs 787.40 lakh), this reflects a QoQ decrease of 244.94%. FY26: Loss of Rs 2,747.10 lakh compared to a profit of Rs 1,369.82 lakh in FY25. Earnings per share (Basic/Diluted): Q4FY26: (1.27) Rs compared to 0.21 Rs in Q4FY25. Compared to Q3FY26 (0.81 Rs), this reflects a QoQ decrease. FY26: (2.82) Rs compared to 1.46 Rs in FY25. Standalone Financial Highlights: Revenue from operations: Q4FY26: Rs 25,605.75 lakh compared to Rs 25,802.81 lakh in Q4FY25 (YoY decrease of 0.76%). Compared to Q3FY26 (Rs 25,006.11 lakh), this reflects a QoQ increase of 2.40%. FY26: Rs 1,04,512.79 lakh compared to Rs 1,07,046.22 lakh in FY25 (YoY decrease of 2.37%). Profit before tax: Q4FY26: Rs 599.95 lakh compared to Rs 1,674.03 lakh in Q4FY25 (YoY decrease of 64.16%). Compared to Q3FY26 (loss of Rs 515.07 lakh), this reflects a QoQ increase of 216.48%. FY26: Rs 756.33 lakh compared to Rs 5,464.10 lakh in FY25 (YoY decrease of 86.16%). Profit after tax: Q4FY26: Rs 443.54 lakh compared to Rs 1,233.02 lakh in Q4FY25 (YoY decrease of 64.03%). Compared to Q3FY26 (loss of Rs 488.72 lakh), this reflects a QoQ increase of 190.75%. FY26: Rs 437.20 lakh compared to Rs 4,053.29 lakh in FY25 (YoY decrease of 89.21%). Earnings per share (Basic/Diluted): Q4FY26: 0.45 Rs compared to 1.31 Rs in Q4FY25. Compared to Q3FY26 ((0.50) Rs), this reflects a QoQ increase. FY26: 0.45 Rs compared to 4.31 Rs in FY25. Business Highlights: Segment Performance: Fragrance: Rs 2,118.54 crore for FY26 compared to Rs 1,927.49 crore in FY25. Flavours: Rs 240.11 crore for FY26 compared to Rs 185.23 crore in FY25. Exceptional Items: The company recognized a one-time incremental cost of Rs 2.53 crore (standalone) and Rs 2.67 crore (consolidated) for the year ended March 31, 2026, due to the implementation of the new Labour Codes. Dividend: The Board recommended a final dividend of Rs 0.25 per Equity Share of face value of Rs 5 each for the financial year ended March 31, 2026, subject to shareholder approval. Auditors: The Board approved the re-appointment of M/s R J Goel & Co. as Cost Auditors and the appointment of M/s. Nangia Global Advisors LLP as Internal Auditors for the FY27. Arvind Singhania, Chairman, Ester Industries, said: “The external operating landscape witnessed a significant turnaround during the Q4FY26. The persistent headwinds that pressured the Biaxially-oriented Polyethylene Terephthalate (BOPET) Film segment through most of FY26 are steadily abating, driven by favourable regulatory and trade developments. The reciprocal and punitive trade tariff imposed by USA has been rejected by Supreme Court of USA. However, USA government has now imposed global tariff of 10%. The Directorate General of Trade Remedies (DGTR) has imposed anti-dumping duties on BOPET Film imports from China and few other countries. A formal notification from the Ministry of Finance is expected in due course, establishing a level playing field and providing meaningful relief to domestic manufacturers. Domestic BOPET Film industry witnessed margin expansion during Q4FY26 due to increase in global prices on account of increase in prices by Chinese producers and inflationary geo-political situation as well as depreciation of rupee. Implementation of the Plastic Waste Management Rules (PWMR) triggered strong demand acceleration for BOPET Films featuring Post-Consumer Recycled (PCR) content and recycled PET (rPET). This trade environment directly accelerated our financial recovery and growth in Q4FY26. Consolidated income for Q4FY26 grew by 7.2% YoY to Rs 345.1 crore. EBITDA increased by 10.7% to Rs 43.3 crore, delivering a 12.5% margin. Excluding non-cash mark-to-market losses on foreign currency liabilities, core operational EBITDA margins stood at a healthy 15.5%. Profit After Tax (PAT) surged to Rs 7.87 crore, representing a strong recovery from the Rs 1.96 crore recorded in Q4FY25. For the FY26, consolidated income rose 7.2% to Rs 1,392.7 crore, driven by robust growth in Specialty Polymers and rPET. Capacity utilization of BOPET film improved to 78%. The Board of Directors have proposed a dividend of Rs 0.25 per share for FY26 to the shareholders of Ester Industries Limited. We are pleased to report that the Company has successfully secured Rs 165.25 crore against its Rs 175 crore share warrant issue. This substantial capital infusion underscores the deep confidence our promoters and investors place in the Company’s long-term value proposition and growth trajectory. Looking ahead, management remains highly optimistic regarding our medium-to-long-term performance prospects. Sustained regulatory shifts like the PWMR mandate will continue to push brand owners toward sustainable packaging film solutions. The Company is actively collaborating with ecosystem partners to capture this demand. By aggressively focusing on a premium specialty product mix, embedding sustainable innovation, and optimizing operational efficiencies, we are securely positioned to deliver sustainable, profitable growth. The Management of the Company thanks all stakeholders for their continued trust and support.” Result PDF