Sumeet Industries Q1 Income Rises 9%; Targets 30%+ Revenue Growth In FY27
Sumeet Industries Ltd., one of India’s leading integrated polyester manufacturers, reported a resilient performance for the first quarter of FY27, with total income rising 9.17% year-on-year to Rs 272.74 crore, despite industry-wide margin pressures caused by volatile raw material prices and geopolitical disruptions.
For the quarter ended June 30, 2026, the company reported EBITDA of Rs 8.85 crore with an EBITDA margin of 3.24%, while net profit stood at Rs 1.14 crore.
A major highlight of the quarter was the successful completion of the company’s Rs 199.75 crore Rights Issue, which received a strong response from shareholders. The capital raise has significantly strengthened Sumeet Industries’ balance sheet and is expected to support its next phase of growth.
The company plans to utilise the net proceeds of Rs 194.90 crore towards strengthening working capital, operationalising the Nakoda CP Plant, repaying borrowings and developing a 6.5 MW captive solar power project.
Sumeet Industries is also progressing with the commissioning of the 140,000 TPA Bottle Grade PET Chips (CP) Plant, acquired through Nakoda. The facility is expected to commence commercial operations in Q1 FY28 and is projected to generate approximately Rs 1,500 crore in additional annual revenue and around Rs 70 crore in EBITDA, significantly enhancing backward integration and long-term profitability.
Commenting on the performance, Pratik R. Jaju, Managing Director, Sumeet Industries Ltd., said the company delivered growth despite an exceptionally challenging operating environment for the polyester industry.
“The quarter witnessed a sharp increase in crude-linked raw material prices, including PTA and MEG, along with elevated logistics costs following geopolitical tensions in the Middle East. While these factors temporarily impacted margins across the polyester value chain, we believe they are short-term disruptions rather than structural challenges,” he said.
Jaju added that raw material availability and supply chain conditions have started normalising, providing greater confidence in margin recovery over the coming quarters.
He noted that the successful Rights Issue has strengthened the company’s financial position, enabling investments in growth, renewable energy and debt reduction. Lower borrowings are expected to reduce finance costs and further support profitability.
Looking ahead, Sumeet Industries remains optimistic about its growth trajectory. Backed by improving market conditions, strategic investments and the upcoming Nakoda CP Plant, the company expects to achieve more than 30% revenue growth in FY27, along with an EBITDA margin of around 6% and a PAT margin of 3.5–4%.
