Transcript of Q42026 Earning Conference Call held on Thursday, May 21, 2026
CONTROLPR · price
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Control Print reported consolidated revenue of INR 484 crores for FY25-26, up 12% from INR 431 crores. Standalone Q4 revenue grew to INR 138 crores from INR 114 crores year-on-year. Coding and marking remains the core profit driver with leadership in cement, plywood, sugar, and dairy verticals. Management implemented a surcharge to offset cost pressures from supply chain disruptions and rupee depreciation. Employee costs increased due to new wage code implementation (~INR 3.5 crore impact) and loyalty bonuses. International subsidiary V-Shapes (CP Italy) reported reduced losses of around EUR 1.5 million, down from EUR 2-2.5 million, with losses primarily from R&D activities. Track and Trace business is breakeven-to-profitable with two major pharmaceutical pilots nearing completion. Revenue mix: consumables 62%, printers 12%, services 16%, spares 9%.
Investors expressed concerns about continued losses in international operations and capital deployment without clear timelines. Management defended its long-term IP-building strategy, committing to reducing V-Shapes losses and expecting Track and Trace to become a meaningful growth driver if pilot projects convert to full rollout.