Raj Rayon Industries: FY26 scale-up lifts revenue 39% and doubles EBITDA

FY26 revenue from operations was INR 1,179.7 crore, EBITDA was INR 63.7 crore (5.4% margin) and PAT was INR 34.0 crore (2.9% margin).

Q4FY26 revenue was INR 294.8 crore versus INR 205.8 crore in Q4FY25. EBITDA was INR 16.1 crore versus INR 10.6 crore, and PAT was INR 14.0 crore versus INR 13.4 crore.

The presentation states a capex plan of INR 500 to 600 crore over the next 18 to 24 months.

Targets shown are polymerisation 700 TPD (from 400 TPD), POY/FDY 650 TPD (from 350 TPD) and DTY 400 TPD (from 150 TPD).

FY26 segment revenues shown are POY INR 672 crore, DTY INR 111 crore and Polymer/Chips INR 396 crore.

Management guided for at least 20% top-line growth in FY27 and a 1 to 2 percentage point improvement in EBITDA margin over the FY26 base of 5.4%.

Management stated an intent to reduce debt by approximately 25% during FY27 through surplus cash generation and targeted prepayment of term loans.