Birla Nu Limited , formerly known as HIL Limited, has announced its financial results for the second quarter of fiscal year 2026, showcasing resilience in a challenging market environment.

Key Financial Highlights

• Revenue Growth: The company achieved a consolidated revenue of INR 810.00 crores in Q2FY26, marking a 5% year-on-year increase.
• EBITDA Margin: A significant expansion of 330 basis points in EBITDA margin was reported, demonstrating improved operational efficiency.
• Segment Performance:
  • Walls segment showed strong performance with an 18% revenue growth.
  • Pipes segment faced headwinds, resulting in an 11% revenue decline.

Strategic Acquisition

Birla Nu has completed the acquisition of Clean Coats Private Limited for INR 110.19 crores. This strategic move is expected to strengthen the company's position in the construction chemicals sector.

Segment-wise Performance

Management Commentary

Akshat Seth, MD & CEO of Birla Nu, commented on the results: "Birla Nu's 'smart' performance in Q2 is headlined by a strong improvement in operating profitability. We grew our consolidated revenue by ~5% (YOY) to INR 810 cr with a 330 bps expansion in % EBITDA (YOY). This result has been achieved through prioritized action on profitability levers and a relentless sales push despite the market continuing to provide headwinds."

Market Challenges and Outlook

The company acknowledged that the demand scenario remains sluggish, with pricing remaining soft across all product categories. However, management expressed confidence in further improvements in profitability, citing ongoing initiatives including a comprehensive value enhancement exercise with BCG.

International Performance

Parador, the company's international subsidiary, delivered a strong performance with an 11% revenue growth year-on-year, despite challenging global macroeconomic conditions. Operating margins for Parador improved by 720 basis points YoY, reflecting the benefits of last year's restructuring and sustained cost discipline.

Future Initiatives

Birla Nu is on track with its new OPVC facility in Patna and an ambitious green-field project in Andhra Pradesh to produce Designer Boards and other products. The company plans several innovative product launches across categories for the remainder of the year, reinforcing its commitment to product leadership.

In conclusion, while facing market headwinds, Birla Nu has demonstrated its ability to improve profitability and execute strategic initiatives. The company's focus on accelerating growth across categories, enhancing customer engagement, and strengthening execution capabilities positions it to capture opportunities in an improving demand landscape.

Birlanu , formerly known as HIL Limited, has successfully completed the acquisition of Clean Coats Private Limited, marking a significant corporate action in the Indian business landscape. The all-cash transaction, valued at ₹110.19 crores, sees Birlanu acquiring 100% of Clean Coats' equity share capital.

Transaction Details

The acquisition, which was initially announced on November 7, 2025, has now been finalized. Here are the key details of the transaction:

Regulatory Compliance

Birlanu has adhered to regulatory requirements by promptly disclosing the acquisition's completion to the stock exchanges. The company filed the update through both the BSE Listing Centre and NEAPS (NSE Electronic Application Processing System) on November 12, 2025.

Implications and Next Steps

While the acquisition has been completed, the final transaction amount may be subject to adjustments based on the closing accounts of Clean Coats, as stipulated in the Share Purchase Agreement. This provision allows for potential modifications to the consideration based on the target company's financial position at the time of closing.

Birlanu's strategic move to acquire Clean Coats Private Limited may have implications for its market position and product offerings. However, the specific synergies and strategic rationale behind the acquisition have not been detailed in the current disclosure.

Investors and market observers will likely be keen to see how this acquisition fits into Birlanu's broader business strategy and what impact it may have on the company's financial performance in the coming quarters.

For more information, stakeholders can refer to the detailed disclosure available on Birlanu's official website at www.birlanu.com .