Why Did 360 ONE WAM Outperform While Chembond Material Faced Margin Strain in Q2 FY26?
The Q2 FY26 earnings season showcased divergent trends in mid-cap and financial services companies. Wealth management leader 360 ONE WAM reported robust growth across all parameters, while specialty chemicals manufacturer Chembond Material saw profit erosion despite higher revenue. The contrast reflects sector-specific tailwinds and cost headwinds shaping corporate results.
360 ONE WAM delivered an impressive performance with consolidated net profit rising 11% YoY and 29% sequentially to ₹315 crore. Revenue jumped 22% YoY to ₹1,114 crore, supported by strong flows and higher advisory income. EBITDA surged 26% YoY to ₹713 crore, while margins expanded to 64% from 62.1% a year ago. The company also declared an interim dividend of ₹6 per share, underscoring its healthy cash generation and confidence in growth outlook.
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Chembond Material, in contrast, posted a 39% YoY decline in consolidated net profit to ₹3.82 crore despite a 16% YoY revenue rise to ₹57.75 crore. Sequentially, profits slipped 4%, indicating cost pressures and product-mix constraints. EBITDA stood at ₹4.01 crore, up 45% YoY, but margins of 6.96% highlight limited pricing power amid raw material inflation.
While 360 ONE WAM benefited from steady inflows into high-net-worth portfolios and expansion of its alternative investment vertical, Chembond’s performance remained subdued due to higher input costs and slower industrial project demand. The divergence captures the broader market theme — services-driven financials outperforming manufacturing-linked midcaps.
Analysts expect 360 ONE WAM to maintain its earnings momentum as wealth creation trends deepen in India. Meanwhile, Chembond’s focus on water treatment and specialty materials positions it for medium-term recovery, though near-term margins may remain under pressure from elevated input prices and muted export volumes.
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Both companies illustrate the varied outcomes of Q2 FY26 earnings — services and financial entities are capturing operational leverage, while select manufacturing names adjust to input volatility. The theme of quality earnings and cost control remains critical for sustained investor confidence in the ongoing market rally.
Investor Takeaway
Indian-Share-Tips.com Nifty Expert Gulshan Khera, CFP®, who is also a SEBI Regd Investment Adviser, observes that 360 ONE WAM’s strong growth reaffirms confidence in India’s wealth management space, whereas Chembond’s margin weakness reflects cost sensitivity in niche manufacturing. Investors should balance exposure between structural growth sectors and tactical value plays for FY26.
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Related Queries on Company Performance
- Why Did 360 ONE WAM Post Higher Margins in Q2 FY26?
- What Led to Chembond Material’s Profit Decline This Quarter?
- Which Sectors Are Showing Consistent Earnings Resilience in FY26?
SEBI Disclaimer: The information provided in this post is for informational purposes only and should not be construed as investment advice. Readers must perform their own due diligence and consult a registered investment advisor before making any investment decisions. The views expressed are general in nature and may not suit individual investment objectives or financial situations.
