Key risks
- The annual report says polymer prices stayed under pressure during FY2025–26 as global capacity increased. O2C earnings remain exposed to chemical spreads and fuel-market conditions.
- FY2025–26 capital expenditure was ₹1,44,271 crore, up from ₹1,31,107 crore the prior year. Returns on new digital, retail and energy investments depend on execution and future demand.