DCW Navigates Turbulent Waters: Profits Plunge and Sales Dip in Q1 FY26

DCW Ltd. has kicked off fiscal year 2026 with a challenging first quarter, as its standalone financial results reveal a significant downturn in both sales and profitability. The chemicals manufacturer reported a notable contraction in its key performance indicators, signaling headwinds in the current economic landscape.

For the quarter ending June 2025, DCW's net sales stood at Rs 475.50 crore.

This marks a 4.81 percent decline compared to the Rs 499.53 crore recorded in the corresponding quarter of the previous fiscal year (June 2024). The sequential comparison also highlights a deceleration, with sales down 13.89 percent from Rs 552.28 crore in the preceding quarter (March 2025).

The impact on the bottom line was even more pronounced.

The company's net profit experienced a dramatic plunge of 59.95 percent year-on-year, settling at a modest Rs 15.19 crore for Q1 FY26, a sharp drop from Rs 37.93 crore in Q1 FY25. On a quarter-on-quarter basis, net profit decreased by 25.21 percent from Rs 20.31 crore reported in March 2025.

Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) also felt the strain, contracting by 24.38 percent year-on-year to Rs 64.08 crore, down from Rs 84.73 crore in June 2024.

This decline in operational efficiency further underscores the pressures faced by the company.

Consequently, the Earnings Per Share (EPS) for DCW shareholders plummeted. At Rs 0.44 for the quarter ended June 2025, the EPS is a considerable drop from Rs 1.10 recorded in June 2024, reflecting the diminished profitability on a per-share basis.

These figures paint a clear picture of a demanding start to the fiscal year for DCW, as the company grapples with reduced demand or pricing pressures across its product lines.