Styrenix Performance Materials: Q2 FY26 consolidated sales volume drops 14.4%

Styrenix Performance Materials Limited announced its Q2 FY26 consolidated sales volume decreased by 14.4% to 57.5 KT compared to Q1 FY26. Consolidated revenue for Q2 FY26 was INR799 crores, a 15.32% decrease from Q1 FY26, with PBDIT at INR88.4 crores, representing an 11.1% margin. For H1 FY26, consolidated sales volume reached 124.7 KT, generating INR1,742 crores in revenue and INR188 crores in PBDIT, achieving a 10.8% margin.

The company's stand-alone H1 FY25 sales volume increased by 7.6% to 97 KT. Revenue for the stand-alone business in H1 FY25 was INR1,336 crores, a 1.18% decrease from H1 FY25, and PBDIT stood at INR167.9 crores (12.6%). Styrenix continues its ABS expansion, with Phase 1 expected to be completed by mid-to-end of the next financial year (2026), and anticipates overall volume growth of approximately 10% for the full fiscal year.

Styrenix highlighted that its wholly-owned subsidiary, Styrenix Performance Materials FZE in Jafza Dubai, UAE, incorporated on September 10, 2024, had no transactions in Q2 or H1 FY25. The company acquired Styrenix Performance Materials Thailand Limited in January 2025, with its financial results now included in the consolidated figures, making year-on-year comparisons for July-September 2024 and 2025 non-comparable.