Transcript of the Earnings/Analysts Call for Q4 FY26 Financial Results held on 15th May 2026
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Creative Newtech reported strong Q4 FY26 results with revenue of INR 740.01 crores (81.16% YoY growth) and full-year revenue of INR 2,699.77 crores (50.85% growth). The company crossed key milestones of INR 2,700 crores in total income, INR 100 crores in EBITDA, and INR 70 crores in PAT. Brand business (including Honeywell) contributed INR 369.61 crores (14.1% of total). Management guided for 25-30% annual revenue growth and 50-60% growth in brand business. They plan to launch their own brand 'Vertual' in May 2026 in India and US markets. Middle East war has increased logistics costs significantly (freight from $1,500 to $7,500-8,000), and raw material costs rose 30-40%. The company is actively looking at acquisitions in surveillance/AI/drone space. Honeywell licensing renewal is due in March 2027.
Strong execution with 50%+ revenue growth, but margin pressure from logistics and raw material costs. Receivables increased to 21% of turnover (from 13.4%), though management expects this to normalize. Focus on brand business scaling should improve profitability as operating leverage kicks in.