Sudarshan Chemical Industries Ltd

Sudarshan Chemical Expands Globally with Heubach Acquisition 🌍 | Key Financial Updates & Future Outlook

- Acquired Heubach (Mar ’25), now operating 19 manufacturing sites across 11 countries.

- Heubach H1 turnover: INR3,565 crore; EBITDA at INR103 crore (3% margin).

- Revised FY ’26 EBITDA guidance for Heubach: EUR 25-30 million.

- Q2 impacted by low demand in coatings/plastics; legacy pigment sales flat, plastics strong.

- EBITDA margins dipped due to lower production and operating leverage.

- Integration progressing: cost reduction, IT upgrades, and working capital optimization underway.

- FY ’27 working capital target: 24% of sales (down from 26.2%).

- Q4 expected to improve with seasonal demand and inventory adjustments.

- R&D revival focused on customer partnerships and new product development.