Transcript of the Earnings/Analysts Call for Q4 FY26 Financial Results held on 15th May 2026

Creative Newtech reported strong Q4 FY26 results with revenue of INR 740 crores (up 81% YoY) and full-year revenue of INR 2,700 crores (up 51% YoY). The company crossed INR 100 crores EBITDA and INR 70 crores PAT for the first time. Brand business (primarily Honeywell licensing) reached INR 370 crores, contributing 14% of total revenue. Management guided for 25-30% annual revenue growth and 30% profit growth over the next 5-6 years. The company plans to launch its own brand 'Vertual' in the US and India markets, with the brand business expected to grow at 50-60% annually. Honeywell licensing renewal is due in March 2027. The Middle East conflict has increased logistics costs significantly (from $1,500-1,700 to $7,500-8,000), impacting margins. Receivables increased to INR 565 crores due to new AI/surveillance/data center businesses requiring extended credit. Management indicated they are actively looking to acquire a surveillance brand company and expect brand business margins to improve from 12-13% to 18-19% EBIT once it scales to INR 1,000 crores.