Monday, 28 September 2026 Every NSE & BSE announcement, by company
ALFA Filings Every announcement, straight from the exchange
Earnings Call Transcript

Flair Writing Industries Earnings Call Transcript: Key Takeaways

Revenue grew 10.6% YoY, but margins faced a 150 bps QoQ squeeze due to geopolitical raw material inflation and West Asia export disruptions.

Guidance and delivery
Management target Revenue 15.0% FY27
Highlights
Revenue growth10.6% YoY revenue growth; domestic sales up 13%.
MarginsEBITDA margins fell to 16.7% from 17.9% QoQ on costs.
Demand visibilityStrong domestic back-to-school demand; export demand impacted by shipping delays.
Management confidenceBalanced; cautious on short-term costs but confident in FY27 guidance.

Growth

11% YoY revenue growth driven by domestic demand and new pen launches, but impacted by a 5% export decline.

Outlook

Management reiterated 15% revenue growth guidance and 17.5-18% EBITDA margin target for FY27.

Risks

Raw material cost volatility, West Asia shipping disruptions, and high working capital due to inventory stocking.

Last quarter's promises, checked

Delivered

  • Guided 15% revenue growth → delivered 15.8% (= BEAT)
  • Guided 15% growth in Pens → delivered 15.8% overall (= BEAT)
  • Valsad facility commencement Q1 FY27 → on track (= BEAT)

Partly delivered

  • Targeted inventory reduction → increased from 87 to 97 days (= PARTIAL)

Missed

  • Guided 18% EBITDA margin → delivered 16.7% (= MISS)
  • Guided 15% revenue growth → delivered 10.6% YoY current quarter (= MISS)
Source

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

Read the document ↗

Flair Writing Industries Ltd: key numbers

Share price
₹237.58
Market cap
₹2,504 Cr
Revenue (annual)
₹1,250 Cr
Net profit (annual)
₹139.8 Cr
P/E (TTM)
17.9×Sector 41.4×
Promoter holding
78.59%+0.00% QoQ
FII holding
0.77%Current quarter

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

More from Flair Writing Industries Ltd

All →