Ddev Plastiks Industries reports strong H1 FY26 performance, driven by capacity expansion

Ddev Plastiks Industries Limited posted a strong performance in the first half of fiscal year 2026, with revenue reaching ₹1,449 crore, marking a 20% year-on-year increase. EBITDA grew by 16% year-on-year to ₹154 crore, achieving an 11% margin, while Profit After Tax (PAT) increased by 14% year-on-year, totaling ₹99 crore. This growth reflects sustained momentum despite geopolitical challenges, with capacity utilization improving to 84%.

The company highlighted strategic capacity additions, including a new PVC facility commissioned in October 2025 with an installed capacity of 15,000 MT. Additional capacities of 5,000 MT of HFFR and 10,000 MT of PVC compounds are expected to be operational by December 2025. Ddev Plastiks aims for ₹5,000 crore in revenue by FY2030, maintaining double-digit EBITDA margins, and boasts an A+/Stable credit rating from CRISIL.

Ddev Plastiks continues to focus on high-margin products and innovation, as evidenced by its pioneering product launches like Water Tree Retardant (WTR XLPE) Insulation Compounds. The company's diversified product portfolio and strategically located manufacturing units contribute to its position as a leading polymer compound supplier in India, with a significant market share in the cable compounding industry.