Chaman Lal Setia Exports Limited has informed the Exchange about Transcript
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Management of Chaman Lal Setia Exports held their Q1 FY26 earnings call, revealing that the company deliberately slowed business operations due to falling rice prices and geopolitical tensions. Q1 export volumes stood at 33,797 tons (total volume 41,255 tons), nearly flat YoY (41,169 tons), with the ~15% revenue decline attributed entirely to lower rice prices. Margins held steady and even improved YoY, with no inventory losses. The company targets INR 400 crore revenue in Q2 and a long-term INR 2,000 crore annual revenue goal. Three new packaging plants are operational (one in Mundra/Gandhidham from July 4, two of three in Karnal), each capable of ~INR 100 crore in annual revenue. The company remains debt-free with cash surplus, and management expects new crop arrival (151 million tons estimated) to lower rice prices further, after which it will ramp up production.
Short-term stock may face pressure due to deliberately slowed revenues, but margin protection and debt-free status support balance sheet strength. The INR 2,000 crore revenue target and new plant capacity (~INR 300 crore potential) are positive medium-term catalysts, contingent on rice prices stabilising and no major escalation in US tariff issues (currently mitigated by October 5 shipment deadline).