Carysil Q1 FY27 Revenue Up 16.5% YoY

Quartz Sink capacity utilization improved to 80% in Q1 FY27 from previous levels.
Capacity expansion from 1.0 Mn to 1.25 Mn units p.a. remains on track for commissioning by end-FY27.
Kitchen Appliances expansion across hobs, ovens, microwaves and food waste disposers will double total capacity to 100,000 units p.a., with commercial operations expected by end-FY27.
Faucets manufacturing facility expansion from 50,000 to 100,000 units p.a. is progressing as planned for commissioning by end-FY27.
Key drivers of operational performance: German engineering technology, design-led innovation, and global partnerships.

Quartz Sinks: 51% of revenue
Stainless Steel Sinks: 11% of revenue
Built-in Appliances: 12% of revenue
Surfaces: 26% of revenue
Explanation of significant changes: The company is focusing on completing the integrated kitchen-bath portfolio through synergistic moves leveraging quartz technology.

Revenue: ₹264.8 Cr (Consolidated Q1 FY27)
EBITDA: ₹56.0 Cr (Consolidated Q1 FY27)
PAT: ₹32.1 Cr (Consolidated Q1 FY27 after tax)
PAT After MI: ₹31.4 Cr (Consolidated Q1 FY27)
EPS: ₹11.05 (Consolidated Q1 FY27)
Margins: Gross Profit Margin 54.8%, EBITDA Margin 21.2%, PAT After Tax Margin 12.1%
YoY comparison: Revenue up 16.5%, EBITDA up 27.0%, PAT After MI up 37.7%
QoQ comparison: Revenue up from ₹236.7 Cr in Q4 FY26
Drivers of financial performance: Higher revenue growth, improved operational efficiency, and foreign exchange gains
Comparison to market estimates: Not Specified
Key Risks: Raw material price fluctuations, competition (both domestic and international), economic growth fluctuations, time and cost overruns on contracts

Total Equity: ₹614.4 Cr
Non-current assets: ₹355.9 Cr (Standalone)
Property Plant & Equipment: ₹210.2 Cr (Standalone)
Current Assets: ₹294.1 Cr (Standalone)
Inventories: ₹118.7 Cr (Standalone)
Trade receivables: ₹96.9 Cr (Standalone)
Financial Liabilities (Borrowings): ₹47.1 Cr (Non-current) + ₹222.5 Cr (Current) = ₹269.6 Cr (Consolidated)
Financial Health Insights: Strong cash flow generation, improving liquidity position

Capital Expenditure: Ongoing expansions in quartz sinks, kitchen appliances, and faucets
Free Cash Flow: Not Specified
Operating Cash Flow: ₹108.7 Cr net cash from operating activities (Consolidated FY26)
Net Debt Movement: Not Specified
Investment Rationale: Focus on capacity expansion, technology upgrades, and market share growth

Investments in Innovation: German technology-driven products, patented innovations (1 registered patent, 24 registered designs, 65 trademarks)
Expected impact on growth: Domestic business targeted to grow 3x in next 3-4 years
Strategic Rationale: Expanding into high-growth markets, reducing operational costs through single-location manufacturing hub

Macro/Industry Trends: Consumer preference for durability, aesthetic appeal and customization, health and hygiene awareness, rise in modular & prefabricated construction, rapid adoption of smart & touchless fixtures
Impact on Company: Driving demand for quartz sinks (expected global market size USD 3.8 bn by CY 2034, CAGR 6.2%), stainless steel sinks (USD 3.7 bn by CY 2030, CAGR 5.7%), and surfaces (USD 51.2 bn by CY 2034, CAGR 8.1%)

Strategic Outlook: "We are sharpening our focus on premiumisation, design-led innovation and expanding our domestic presence, while strengthening our global footprint through technology-driven products, category expansion and long-standing customer relationships" - Chirag Parekh, Chairman & Managing Director
FY Guidance: Capacity expansions on track for end-FY27 commissioning; domestic business to grow 3x in next 3-4 years
Market Share Targets: Not Specified
Risks and Opportunities: Risks include fluctuations in earnings, ability to manage growth, competition, economic growth fluctuations; Opportunities include expanding addressable market across kitchen and bath segments

Not Specified

Omnichannel strategy anchored by Carysilshop.com, enhancing brand visibility and customer engagement