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Earnings Call

Sirca Paints India Earnings Call: Key Takeaways

Sirca Paints reported strong FY26 revenue growth of 31.8% YoY, driven by premium wood coatings and market expansion. Management maintains high optimism despite temporary raw material cost volatility.

Why this was an Alfa AlertNot a filter event. Results were strong but no prior guidance range was provided to confirm a material beat.
Highlights
Revenue growth31.79% YoY growth for FY26 driven by premium portfolio.
MarginsEBITDA margin at 20.1%; short-term pressure from raw material costs.
Demand visibilityStrong traction in acrylic wood coatings and furniture industry scaling.
Management confidenceHighly optimistic, focusing on market share and premium positioning.

Growth

Revenue reached ₹492.48cr (31.8% growth); PAT grew 32.5%. Growth is largely organic volume expansion in premium segments.

Outlook

Targeting ₹1000cr revenue by FY29 with 25-30% CAGR and 19-21% EBITDA margins.

Risks

Raw material price volatility from crude oil and supply disruptions for nitrocellulose in the Wembley brand.

Source

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

Read the document ↗

Sirca Paints India Ltd: key numbers

Share price
₹410.30
Market cap
₹2,330 Cr
Revenue (annual)
₹492.5 Cr
Net profit (annual)
₹65.02 Cr
P/E (TTM)
34.8×Sector 45.9×
Promoter holding
65.19%+0.00% QoQ
FII holding
6.08%Current quarter

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

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