We revise our FY26/27E EPS estimates by -16.3%/-5.4% accounting for continued weakness in Abrasives on account of Chinese dumping and nearterm headwinds in Rhodius. Carborundum Universal (CU) reported a modest 1.9% YoY increase in consolidated sales, while EBITDA margin contracted by 622 bps YoY to 9.9%, weighed down by weaker subsidiary profitability. In the...