Finolex Industries reports muted growth amid PVC volatility

Finolex Industries reported 2% volume growth to 92,129 metric tons in Q1 FY26, but total income fell 9% to INR1,043 crores due to PVC price volatility affecting sales realizations.

EBITDA dropped sharply to INR94 crores from INR207 crores year-on-year. CPVC volume grew 10% in the quarter.

The company is adding 50,000 tons of pipe capacity by September and targets a 50-50 split between agricultural and non-agricultural segments long-term.