1. Opening Hook When Chinese exporters start treating India like their clearance sale destination, you know the yarn business is twisted tighter than a nylon filament. 😏 Century Enka’s Q2 FY26 call wasn’t just about numbers—it was about survival with style. Between dumping complaints, caprolactam price crashes, and festive-season optimism, management juggled hope, inflation, and global geopolitics. Oh, and they slipped in that their PTCF project will finally spin into action next quarter. Grab your coffee—this one’s part textile drama, part trade war, part optimism overdose.
2. At a Glance
Revenue down 24% YoY (₹409 Cr) – Blame Chinese imports, not Excel formulas.
EBITDA ₹32 Cr, -17% YoY, +59% QoQ – Fire disruptions doused; now reheating margins.
PAT ₹22 Cr, +4% YoY – Profit’s small glow survives the cold polyester winter.
EBITDA margin 7.73% – Slightly stretchy, not elastic enough.
Tyre cord sales down 32% – Imports rolled over them.
Filament yarn down 15% – China’s dumping spree continues.
3. Management’s Key Commentary
“Revenue declined compared to last year due to subdued demand and higher imports from China.” (Translation: The Chinese are playing clearance sale cricket on our turf.)
“Margins remained under pressure, though GST cuts on tyres bring early recovery signs.” (Translation: Thank God for government stimulus—or we’d be threadbare.*)
“Filament yarn sales improved after our Bharuch plant restart post-fire.” (Translation: We literally rose from ashes—take that, supply chain chaos!🔥*)
“Caprolactam prices hit record lows, but we’ve narrowed inventory losses.” (Translation: Raw material prices fell faster than investor patience, but we dodged a hit.*)
“Anti-dumping duty on nylon filament yarn could see positive movement by December.” (Translation: We’re politely begging Delhi to save us from cheap polyester invaders.*)
“PTCF commercial supplies expected to start Q4 FY26.” (Translation: The new baby is due—hopefully not delayed like the last one.*)
“35% of NFY portfolio is value-added; aiming for 50%+ soon.” (Translation: Commodity stuff barely pays the bills—customized yarn is where the party’s at.*) 😏
