BirlaNu reports strong Q2, H1 FY26 profitability despite price declines

BirlaNu Limited reported a consolidated revenue of INR 810 crore for Q2 FY26, marking a 5% year-on-year growth, with consolidated EBITDA reaching INR 4 crore, a substantial improvement from a loss of INR 22 crore in the same period last year. For H1 FY26, consolidated EBITDA was 20% higher than the previous year. This performance occurred despite price realization declines of 3% to 7% across most product categories.

The Parador segment delivered strong performance with 11% year-on-year revenue growth to INR 309 crore and a 720 basis point improvement in operating margins. The Walls business in India also saw exceptional growth, with revenues up over 18% to INR 155 crore, driven by strong volume despite 4% to 5% lower prices, and operating margins expanded by 110 basis points.

The company's Construction Chemicals business achieved 31% revenue growth year-on-year, further bolstered by the recent acquisition of Clean Coats Private Limited. The Pipes segment experienced an 11% revenue decline, with volumes down 9%, but margins improved by 110 basis points due to cost optimization. Total debt stood at INR 767 crore as of September 30th, with a debt-to-equity ratio of 0.65.