Pokarna Limited has informed the Exchange about Transcript
POKARNA · price
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Pokarna Limited held its Q1 FY26 earnings call on August 1, 2025, with management led by Chairman Gautam Chand Jain. The company flagged a challenging business environment due to U.S. tariff uncertainty, noting that customers have been deferring large home improvement projects. A 25% U.S. tariff on India is now effective, up from 10% during Q1, though tariffs are paid by the customer as Pokarna sells on FOB basis. Revenue was down roughly 10% year-on-year, but margins reportedly held around the 35% guided range. The new KREOS product line has started contributing this fiscal year, and Chromia is expected to follow. The new capacity expansion is on track, with machines already ordered and LCs opened, expected to come online in early FY27 and add about Rs. 500 crore in turnover at full utilization. Non-U.S. markets like Czech Republic, Canada, France, Mexico, and Russia are showing encouraging demand.
Near-term pressure on pricing and order flow is expected as customers absorb the 25% U.S. tariff, though Pokarna's focus on premium, innovative products (KREOS, Chromia) is intended to protect margins. Shareholders should brace for a potentially weak quarter in the near term but can look forward to a meaningful revenue boost (~Rs. 500 crore) once the new capacity comes online in FY27.