CARYSIL LIMITED has informed the Exchange about Transcript
CARYSIL · price
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Carysil Limited reported Q1 FY26 consolidated income of INR 227.3 crores, up 12.9% YoY, with EBITDA margin expanding 112 bps to 19.4% and PAT growing 43.4% to INR 22.8 crores. Quartz sink volumes rose 22% YoY to 1.89 lakh units at 75% capacity utilization, while stainless steel segment ran at 95% utilization. Management secured a major non-US IKEA contract capturing 75% wallet share (INR 20 crore investment), with Karran USA orders exceeding expectations across 1,800+ Lowe's stores. The company plans capacity expansion of 2.5 lakh quartz and 70,000 stainless steel sinks (INR 30-40 crore capex), targeting an annual revenue run rate of INR 1,000 crore from Q2 FY26. Management reiterated its 20% EBITDA margin guidance and outlined a INR 500 crore India revenue target over 5 years with Deloitte's help.
Strong Q1 performance with margin expansion and major order wins from IKEA and Karran USA reinforces growth visibility and de-risks the business from US tariff concerns. Capacity expansion plans and maintained margin guidance signal positive momentum for shareholders, though execution of the IKEA ramp-up and domestic INR 500 crore target remain key things to watch.