Sudarshan Chemical Industries Limited · NSE:SUDARSCHEM
Sudarshan Chemical Industries — Q2 FY27 Earnings Presentation
29 slides from Sudarshan Chemical Industries's earnings presentation, Nov 6, 2026
Slide 1: Exchange filing cover letter for earnings call presentation
6th November, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Mumbai – 400 001 Bandra Kurla Complex, Scrip Code – 506655 Bandra (East), Mumbai – 400 051 Scrip Symbol - SUDARSCHEM Dear Sir / Madam, Sub : Results Earnings
Slide 2: ONE Sudarshan Investor Presentation Q2 FY27
ONE Sudarshan Investor Presentation Q2 FY27 November 06, 2026
Slide 3: Safe harbour statement
Safe harbour statement • This presentation may contain statements which reflect Management’s current views and estimates and could be construed as forward-looking statements • These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results
Slide 4: One Sudarshan introduction
One Sudarshan introduction 3
Slide 5: Sudarshan and Heubach unite forces
Sudarshan and Heubach unite forces 1886 HISTORY 1951 1863 Uniting a rich legacy to build Sudarshan establishes its business, 1995 a stronger, focusing largely on India with future-ready Sudarshan manufacturing units in Pune and Roha 1806 in the state of Maharashtra 2022 Legacy Legacy Top-2 player, g
Slide 6: We have established ourselves as industry leaders
We have established ourselves as industry leaders, and even greater opportunities lie ahead Expanded Truly global Unrivalled Pigment Financially manufacturing reach Portfolio and robust footprint Technology 19 All ~1,600 € ~1 bn Manufacturing facilities Major industry segments Pigment products Annua
Slide 7: Global manufacturing footprint of 19 sites
Sudarshan now has a global manufacturing footprint of 19 sites – all plants operating well Inorganic Organic pigment Preparations Langelsheim2, Germany Frankfurt, Tianjin, China Nagda, India Fairless Hills Germany Cuddalore, PA, the US India Shizuoka, Japan Ankleshwar, India Santa Clara, Mexico Hang
Slide 8: Technical marketing centres supporting customers
We have 12 technical marketing centres supported by 250+ global marketing and innovation team to support our customers Dedicated Global commercial marketing team to identify new market trends and shaping our value proposition for the customers Global technical and innovation team to drive global inn
Slide 9: Integration update
Integration update 8
Slide 10: Latest achievements and major updates from Q2
Latest achievements and major updates from Q2 1 2 3 4 5 Innovation update Alu dyes VP4 Value capture One SAP Exciting customer Initial visits and ideation Closed deal on Nov 2nd as Robust value capture Successful go-live of projects underway: on value capture ideas planned and funds funnel for FY 27
Slide 11: Innovation: Several exciting launches
Innovation: Several exciting launches COSMETICS & PERSONAL CARE NEW SHADES FOR CELLPHONES PLASTICS Sumicos Luxe Gold SM639 Black, Graphite & Mint using HMF (Heavy PV Fast Yellow HG Synthetic mica gold masstone: intense metallic Metal free ) anodizing dyes for cell phones Application: Straws brillian
Slide 12: Alu dyes: Business serves premium customers
Alu dyes: Business serves premium customers across consumer goods and architectural coatings Deal context Key terms of the Asset Sale and Transfer agreement Clariant Muttenz plant offers specialty dyes for Negotiated with Clariant to acquire manufacturing transparent Aluminum coloration, preserving
Slide 13: VP4: Successful transaction of a non-core asset
VP4: Successful transaction of a non-core asset Deal context Details of the deal Non-core asset: Selling Diketene & CKP Plant Deal Value EUR 75.8 Mn was part of the strategy from the onset; only 10% of the facility’s production was used by Proceeds will be primarily used to prepay acquisition debt S
Slide 14: Q2 and H1 performance update
Q2 and H1 performance update 13
Slide 15: Most segments demand stayed soft in Q2 FY27
Most segments demand stayed soft in Q2 FY27 and we don’t see immediate relief Overall, end-market demand stayed muted in Q2 FY27: e.g., US housing and European construction are still weak, Masterbatch demand is volatile as buyers manage cost volatility Some leading indicators are turning somewhat mo
Slide 16: Pigment performance: Q2 FY27
Pigment performance: Q2 FY27 Pigment-only results across legacy Sudarshan and Acquired Group In ₹ Cr Legacy Sudarshan Pigment Acquired Group Pigment Global Q2 26 Q1 27 Q2 27 YoY% Q2 26 Q1 27 Q2 27 YoY% Q2 26 Q1 27 Q2 27 YoY Revenue from 651 730 821 26.0% 1,683 1,973 1,962 16.5% 2,327 2,605 2,695 15.
Slide 17: Acquired Group EBITDA: Reported EBITDA higher due to inventory overhead credit
Acquired Group EBITDA: Reported EBITDA higher due to credit of inventory overhead EBITDA, INR Cr 134 Reported EBITDA = Operating profit from 22 actual sales with the 112 impact of inventory change (change in inventory for FG and WIP) Business EBITDA = Operating profit from actual sales without the i
Slide 18: Pigment performance: H1 FY27
Pigment performance: H1 FY27 Pigment-only results across legacy Sudarshan and Acquired Group In ₹ Cr Legacy Sudarshan Pigment Acquired Group Pigment Global H1 26 H1 27 YoY% H1 26 H1 27 YoY% H1 26 H1 27 YoY Revenue from Operations 1,229 1,551 26.2% 3,565 3,935 10.4% 4,784 5,300 10.8% Reported EBITDA^
Slide 19: Deep-dive RIECO performance
Deep-dive RIECO performance RIECO-only results ; In ₹ Cr Q2 and H1 FY 27 Commentary Quarterly performance H1 Performance 1 The Company is facing execution Q2 26 Q1 27 Q2 27 YoY% H1 26 H1 27 YoY% challenges due to supply chain bottlenecks. Revenue from Operations 60 38 47 -21.3% 111 85 -23.2% 2 ` Two
Slide 20: One Sudarshan Q2 FY27 performance
One Sudarshan Q2 FY 27 performance Consolidated results across legacy Sudarshan and Acquired Group In ₹ Cr Legacy Sudarshan Acquired Group One Sudarshan Q2 26 Q1 27 Q2 27 YoY% Q2 26 Q1 27 Q2 27 YoY% Q2 26 Q1 27 Q2 27 YoY Revenue from Operations 712 768 868 22.0% 1,683 1,973 1,962 16.5% 2,387 2,642 2
Slide 21: One Sudarshan: H1 FY27
One Sudarshan: H1 FY27 Consolidated results across legacy Sudarshan and Acquired Group In ₹ Cr Legacy Sudarshan Acquired Group One Sudarshan H1 26 H1 27 YoY% H1 26 H1 27 YoY% H1 26 H1 27 YoY Revenue from Operations 1,340 1,636 22.1% 3,565 3,935 10.4% 4,894 5,385 10.0% Reported EBITDA^ 178 243 36.3%
Slide 22: Financial Ratios - One Sudarshan
Financial Ratios - One Sudarshan Key ratios Commentary FY 26 H1 27 • Key balance sheet ratios shows significant Earnings Per Share (₹)1 6.6 26.2 improvement and demonstrate strong balance sheet position Return on Capital Employed 2 (%) 10.8% 22.6% • Focus on net working capital efficiency to Net deb
Slide 23: Outlook
Outlook 22
Slide 24: FY27 H2 Outlook
Sudarshan completed strong H1 FY27 with healthier profitability momentum and growing conviction in its long-term position as one of the largest global pigment platforms, backed by broad technology depth and a global footprint that supports supply resilience We are cautiously navigating a challenging
Slide 25: About Sudarshan
About Sudarshan 24
Slide 26: Our Governance Structure - Board of Directors
Our Governance Structure - Board of Directors Mrs. Sudha Navandar Mr. Rajendra Mariwala Non-Executive, Non-Executive, Independent Director Independent Director Mrs. Anu Wakhlu Mr. Amitabha Mukhopadhyay Non-Executive, Non-Executive, Independent Director Non-Independent Director Ms. Bhumika Batra Mr.
Slide 27: Shareholder Information
Shareholder Information Share Information (as of 30th September 2026) Shareholding Pattern (as of 30th September 2026) NSE Ticker SUDARSCHEM Promoters 9.32% BSE Ticker 506655 FIIs and FPIs 8.84% Market Cap (₹ Mn) 95,850 Mutual Funds 25.44% % free-float 90.68% Others 56.40% Free-float market cap 86,9
Slide 28: Investor Relations Connect
Investor Relations Connect Investor Relations at Sudarshan: Mr. Amit V Deshpande [email protected] CIN: L24119PN1951PLC008409 www.sudarshan.com Sudarshan Chemical Industries Limited 7th Floor, Eleven West Panchshil, Survey No. 25, Near PAN Card Club Road, Baner, Pune – 411 069, Maharas
Slide 29: Thank you
Thank you
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