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Earnings Call Transcript

Carysil Earnings Call Transcript: Key Takeaways

Q2 FY27 revenue ₹275.7 Cr (+14.6% YoY), but EBITDA margin fell to 19.4% from 20.3%. Management admits missing its margin target while projecting US-tariff-driven demand upside without order figures.

CARYSIL Q2 FY27 concall: date, live audio and summaryConcall page →
Guidance and delivery
Management target Revenue 15.0% FY27
Highlights
Revenue growth+14.6% YoY to ₹275.7 Cr; +5.2% QoQ; no one-offs mentioned.
MarginsEBITDA margin 19.4% vs 20.3% LY, 21.2% Q1; contracting; freight/RM headwind.
Demand visibilityUS inquiries rising post-election; UK surfaces weak; kitchen sinks steady.
Management confidenceOver-optimistic: US tariff-driven demand claims lack order numbers.

Growth

Revenue +14.6% YoY, EBITDA +9.3%, PAT +5.8%; volume-led (sink units +10%), but margin compression narrows profit growth.

Outlook

FY27 guidance kept: 15% revenue growth, 18–20% EBITDA margin, aiming upper end. Capacity: +250k quartz sinks, +150k sinks by FY27-end.

Risks

Freight/RM hit ~1.5–2.2% margin; missed own margin target; UK subsidiary surfaces down 25%; CFO exit unfilled.

Last quarter's promises, checked

Partly delivered

  • Guided 15% FY27 revenue growth → Q2 +14.6% YoY; full year unverified (= PARTIAL)
  • Guided 15% annual volume growth → Q2 sink units +10%, faucets +8% (= PARTIAL)
  • Guided 250k quartz capacity by Mar-27 → on track, not yet due (= PARTIAL)

Missed

  • Guided UK momentum returning in coming quarters → UK subsidiary surfaces down 25% (= MISS)
  • Guided upper band of 18–20% EBITDA margin → Q2 19.4% (= MISS)
Source

Earnings Call Transcript filed with NSE, NSE: CARYSIL. Summary written with AI assistance from the document.

Read the document ↗

Carysil Ltd: key numbers

Share price
₹946.15
Market cap
₹2,691 Cr
Revenue (annual)
₹924.0 Cr
Net profit (annual)
₹98.19 Cr
P/E (TTM)
24.9×Sector 43.8×
Promoter holding
41.33%+0.00% QoQ
FII holding
2.11%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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