Chemplast Sanmar reports weak Q1 amid PVC dumping

Chemplast Sanmar reported Q1 FY26 revenue of INR1,100 crores but EBITDA of just INR17 crores due to pricing pressures from PVC dumping.

The company's PVC sales rose 17% quarter-on-quarter to 92,849 tons, with domestic demand growing 4%. Anti-dumping duty investigations on EU and Japan imports are ongoing, with final findings expected soon.

Specialty Chemical revenue reached INR355 crores, while the new Paste PVC plant in Cuddalore operates at full capacity.