Ester Industries Ltd (ESTER) Q4FY26 Management Mirror - Mar-2026 Qtr
BOPET Demand & Margins
Management continues to project domestic BOPET demand growth of 8% to 10% driven by FMCG growth and new plastic waste rules, consistent since the Dec'25 Qtr; additionally, the Mar'26 Qtr outlook anticipates meaningful margin improvement by Mar'27 that will sustain for 18 to 24 months, with near-term 12 Micron VA spreads remaining stable between INR 30 to INR 35. [Status: Reaffirmed]
6 more themes on the ELITE plan.