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Rain Industries Q2 Results: Working capital surges, 3x leverage target set

News Snapshot:

Rain Industries Limited reported a significant increase in working capital during the second quarter ended June 30, 2026, as management deliberately built safety stocks to mitigate supply chain disruptions. The company’s leadership highlighted improved operational stability following regulatory adaptations in India and outlined a clear deleveraging strategy aimed at strengthening the balance sheet.Operational Performance and Carbon Segment The Carbon segment recorded utilization at 69 percent, which management described as broadly in line with both the first quarter and the calendar year 2025 average. Despite sales volumes being approximately 10 percent lower compared to the second quarter of last year, the…

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