Financial Performance - Standalone (Q2 FY27)

  • Revenue: ₹156.5 crore, up 19.4% YoY from ₹131.1 crore in Q2 FY26
  • Total Income: ₹158.6 crore, up 18.1% YoY
  • Gross Profit: ₹89.8 crore with Gross Profit Margin of 56.6% (101 bps improvement YoY)
  • EBITDA: ₹34.1 crore with EBITDA Margin of 21.5% (118 bps decline YoY)
  • EBIT: ₹29.4 crore with EBIT Margin of 18.6%
  • Profit Before Tax: ₹26.8 crore, up 15.5% YoY
  • Profit After Tax: ₹19.8 crore, up 13.9% YoY
  • PAT Margin: 12.5% (46 bps decline YoY)
  • EPS: ₹6.97, up 13.9% YoY from ₹6.12

Financial Performance - Standalone (H1 FY27)

  • Revenue: ₹293.7 crore, up 14.7% YoY from ₹256.0 crore
  • Total Income: ₹298.3 crore, up 14.9% YoY
  • Gross Profit: ₹171.6 crore with Gross Profit Margin of 57.5% (193 bps improvement YoY)
  • EBITDA: ₹67.1 crore with EBITDA Margin of 22.5% (16 bps decline YoY)
  • Profit After Tax: ₹38.7 crore, up 18.2% YoY
  • PAT Margin: 13.0% (36 bps improvement YoY)
  • EPS: ₹13.60, up 18.2% YoY from ₹11.51

Financial Performance - Consolidated (Q2 FY27)

  • Revenue: ₹275.7 crore, up 14.6% YoY
  • Gross Profit Margin: 53.9% (133 bps improvement YoY)
  • EBITDA: ₹54.1 crore with EBITDA Margin of 19.4%
  • Profit After Tax (after MI): ₹28.4 crore, up 4.3% YoY
  • EPS: ₹9.97, up 4.3% YoY

Financial Performance - Consolidated (H1 FY27)

  • Revenue: ₹537.9 crore, up 15.0% YoY
  • Gross Profit Margin: 54.3% (174 bps improvement YoY)
  • EBITDA: ₹110.1 crore with EBITDA Margin of 20.3%
  • Profit After Tax (after MI): ₹59.8 crore, up 19.6% YoY
  • EPS: ₹21.02, up 19.5% YoY

Capacity Utilization & Expansion Plans

  • Quartz Sink: Q2 utilization 92%, H1 utilization 90%; adding 2.5 lakh units p.a. by end-FY27
  • Stainless-Steel Sink: Q2 utilization 91%, H1 utilization 85%
  • Kitchen Appliances: Expansion across hobs, ovens, microwaves and food waste disposers to double capacity to 100,000 units p.a. by end-FY27
  • Faucets: Expansion from 50,000 to 100,000 units p.a. on track for commissioning by end-FY27

Balance Sheet Position - Standalone (Sep-26)

  • Total Assets: ₹712.8 crore (vs ₹650.0 crore in Mar-26)
  • Total Equity: ₹496.9 crore (vs ₹466.5 crore in Mar-26)
  • Non-current assets: ₹412.6 crore
  • Current assets: ₹300.2 crore (Inventories: ₹127.1 crore, Trade receivables: ₹115.5 crore)
  • Current liabilities: ₹174.6 crore (Borrowings: ₹90.2 crore, Trade payables: ₹67.5 crore)

Cash Flow - Standalone (H1 FY27)

  • Net Cash from Operating Activities: ₹36.1 crore
  • Net Cash from Investing Activities: -₹19.5 crore
  • Net Cash from Financing Activities: -₹17.2 crore
  • Net decrease in Cash: -₹0.7 crore

Business Overview & Market Position

  • Asia's largest and world's fourth-largest quartz kitchen sink manufacturer
  • 30+ years of experience with German technology
  • 500+ SKUs across product portfolio
  • 6 manufacturing plants (4 in India, 2 overseas)
  • Presence in 55+ countries with 5000+ dealers across India
  • Key clients include IKEA (sole quartz sink supplier), Karran USA (150,000 sinks annually), GROHE
  • FY26 export contribution: 81%
  • 5-year revenue CAGR: 18% (FY22-FY26)
  • 5-year average gross margin: 54%, EBITDA margin: 20%

Management Commentary

Chairman & Managing Director Chirag Parekh stated: "As India's premium kitchen solutions market continues to evolve, 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."

Board of Directors

  • Mr. Chirag A. Parekh - Chairman and Managing Director
  • Mrs. Katja Larsen - Independent Director
  • Mr. Pradyumna Vyas - Independent Director
  • Mr. Prayasvin B. Patel - Independent Director
  • Mr. Anand Sharma - Executive Director and Group Chief Financial Officer
  • Mr. Prabhakhar Dalal - Independent Director
  • Dr. Savan Godiawala - Independent Director