Chaman Lal Setia Exports Limited has informed the Exchange about Transcript
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Chaman Lal Setia Exports reported FY25 revenue of about INR 1,500 crores with ~11% volume growth, despite pressure from doubled ocean freight, 15-20% lower rice prices, and a stronger rupee. Closing inventory stood at 65,000 tons of rice and 7,600 tons of paddy valued at INR 430 crores (vs INR 499 crores in FY24). Management guided FY26 revenue of around INR 2,000 crores, driven by two new Karnal plants already running at ~60% efficiency, a third plant starting in a month, and a new Gandhidham facility ready for inauguration. Margins historically range between 9-14%, with management noting they sometimes work on thin or negative margins on first containers to win new customers. Branded business (Maharani) is ~14-15% of revenue, and a new Australian distributor was just appointed. Pakistan's rice prices are currently $100-150 higher than India, and a potential Japan market opportunity for sticky rice is being explored.
Positive near-term tone as ocean freight has normalised and rice prices are rising again, but management declined to give specific margin or volume guidance, keeping the outlook qualitative. The FY26 revenue target of INR 2,000 crores signals ~33% growth, with margin expansion depending on new-plant efficiency and freight stability. Shareholders should watch plant ramp-up, brand traction, and global trade developments (US tariffs, Pakistan water issue).