Date: August 12, 2026

Financial Results (Consolidated)

Q1 FY27 Performance:

  • Revenue: ₹1,402.4 crore, up 89.5% YoY
  • EBITDA: ₹207.8 crore, up 220% YoY
  • EBITDA Margin: 14.8%, improvement of 604 bps YoY
  • Adjusted PAT: ₹142.2 crore, up 332.5% YoY
  • PAT Margin: 10.1%, improvement of 569 bps YoY
  • Gross Margin: 30.8%, up 810 bps YoY

Revenue Drivers:

  • Strong traction from CP PLUS brand, contributing approximately 87% of overall revenue
  • IP products accounted for nearly 79% of the CP PLUS portfolio

Profitability Drivers:

  • Finance cost reduced by 59% YoY
  • Favorable product and brand mix
  • Better operational efficiencies
  • Deeper localization

Strategic Developments & Business Highlights

Market Position:

  • CP PLUS commands 43.3% market share in Indian video surveillance (Frost & Sullivan report, FY26)

Capacity Expansion:

  • Current manufacturing capacity: 2.5 million units per month
  • Kadapa facility to scale up by 2x in next 2 years, funded through internal accruals
  • New Housing & Enclosure Plant in Kadapa under construction, expected operational by Q3 FY2027
  • Expected annual production capacity: 30 million units upon full ramp-up

Greenfield Expansion:

  • Kadapa: Greenfield expansion underway to support future manufacturing capacity
  • Greater Noida: Development of second manufacturing cluster with land acquisition in progress

Strategic Initiatives:

  • Incorporated Corelink Cable Technology Private Limited, a joint venture with Orient Cables
  • JV for manufacturing LAN and CCTV cables
  • Proposed manufacturing facility in Rajasthan spanning approximately 100,000 sq. ft.
  • Expected commercial operations commencement by Q3 FY27

New Brand Operations:

  • NEXIVUE manufacturing and distribution operations became fully operational in Q1 FY27
  • Targeting mass-market, rural and price-sensitive customer segments
  • Received encouraging market response

Corporate Development:

  • New corporate office and R&D center inaugurated in Greater Noida on August 2, 2026
  • Combines modern workplace, experience centre, and advanced innovation/testing laboratories

Management Commentary

Mr. Aditya Khemka, Managing Director, commented on:

  • Strong start to FY2027 with sustained demand across video surveillance portfolio
  • Growth driven by IP cameras and adoption of STQC-certified products
  • Indian market benefiting from investments in public infrastructure, smart urban development, and enterprise security
  • Focus on improving capacity utilization, increasing domestic value addition, and strengthening supply-chain capabilities
  • Strengthening AI and indigenous product-development capabilities through strategic technology collaborations with Qualcomm
  • Engagement with diversified base of System-on-Chip and sensor suppliers to reduce concentration risks
  • Reaffirmed previously communicated FY2027 guidance