Financial Performance Highlights

Standalone Q4FY26 Performance:

  • Revenue: ₹125.8 crore, up 15.7% YoY (Q4FY25: ₹108.7 crore)
  • Total Income: ₹128.3 crore, up 17.0% YoY
  • EBITDA: ₹28.9 crore, up 29.6% YoY with margin at 22.5% (219 bps improvement)
  • PAT: ₹16.2 crore, up 44.9% YoY with margin at 12.6% (242 bps improvement)
  • EPS: ₹5.69, up 44.8% YoY

Standalone FY26 Performance:

  • Revenue: ₹504.6 crore, up 20.1% YoY (FY25: ₹420.3 crore)
  • Total Income: ₹511.9 crore, up 20.6% YoY
  • EBITDA: ₹115.6 crore, up 46.5% YoY with margin at 22.6% (400 bps improvement)
  • PAT: ₹63.7 crore, up 72.6% YoY with margin at 12.4% (375 bps improvement)
  • EPS: ₹22.39, up 72.6% YoY

Consolidated Q4FY26 Performance:

  • Revenue: ₹233.7 crore, up 14.5% YoY (Q4FY25: ₹204.2 crore)
  • EBITDA: ₹48.0 crore, up 34.0% YoY with margin at 20.3% (281 bps improvement)
  • PAT after MI: ₹27.1 crore, up 45.7% YoY with margin at 11.5% (238 bps improvement)
  • EPS: ₹9.52, up 45.8% YoY

Consolidated FY26 Performance:

  • Revenue: ₹924.0 crore, up 13.3% YoY (FY25: ₹815.6 crore)
  • EBITDA: ₹185.0 crore, up 30.6% YoY with margin at 19.9% (257 bps improvement)
  • PAT after MI: ₹98.2 crore, up 54.1% YoY with margin at 10.5% (277 bps improvement)
  • EPS: ₹34.52, up 53.9% YoY

Balance Sheet Position (Standalone as of Mar-26)

  • Total Assets: ₹650.0 crore (Mar-25: ₹596.3 crore)
  • Total Equity: ₹466.5 crore (Mar-25: ₹408.9 crore)
  • Non-current assets: ₹355.9 crore
  • Current assets: ₹294.1 crore (including inventories ₹118.7 crore, trade receivables ₹96.9 crore)
  • Borrowings: Current ₹104.1 crore, Non-current ₹8.8 crore
  • Cash and cash equivalents: ₹1.3 crore

Balance Sheet Position (Consolidated as of Mar-26)

  • Total Assets: ₹1,042.2 crore (Mar-25: ₹933.4 crore)
  • Total Equity: ₹614.4 crore (Mar-25: ₹531.3 crore)
  • Non-current assets: ₹521.3 crore
  • Current assets: ₹520.9 crore (including inventories ₹259.1 crore, trade receivables ₹160.7 crore)
  • Borrowings: Current ₹222.5 crore, Non-current ₹47.1 crore
  • Cash and cash equivalents: ₹7.6 crore

Cash Flow Statements

Standalone FY26:

  • Cash from operating activities: ₹87.0 crore
  • Cash from investing activities: -₹54.9 crore
  • Cash from financing activities: -₹32.3 crore
  • Net decrease in cash: -₹0.2 crore

Consolidated FY26:

  • Cash from operating activities: ₹108.7 crore
  • Cash from investing activities: -₹89.2 crore
  • Cash from financing activities: -₹24.7 crore
  • Net decrease in cash: -₹5.2 crore

Capacity Expansion and Capital Expenditure

  • Quartz kitchen sink capacity expansion from 1.0 million to 1.25 million units per annum
  • ₹50 crore committed investment, expected operational by Q4 FY27
  • Additional 70,000 units of stainless-steel sink capacity expected operational by Q1FY27
  • Phase-2 appliance manufacturing (hobs, ovens, microwaves, food waste disposers) under implementation, taking total capacity to 100,000 units p.a., expected operational in Q4 FY27
  • Kitchen faucet assembly capacity expansion from 50,000 to 100,000 units p.a. expected operational in Q4 FY27

Operational Metrics

  • Quartz sink capacity utilization: ~78% in Q4FY26 and ~78% in FY26
  • Stainless-steel sink capacity utilization: ~99% in Q4FY26
  • Export contribution: 81% of revenue
  • Domestic business targeting 3x growth in next 3-4 years

Strategic Initiatives

  • Vision to create "Largest Integrated Kitchen Hub in India"
  • Signed Mira Kapoor as brand ambassador for marketing campaigns
  • Opened experience centers in Ahmedabad, Muscat, Pune, Indore
  • Omnichannel strategy including Carysilshop.com
  • Long-term partnership with Karran USA for 150,000 quartz sinks annually
  • Partnership with IKEA Supply AG since August 2020 for quartz kitchen sinks
  • Association with GROHE for quartz and stainless-steel kitchen sinks

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 across 55+ countries
  • 4,500+ dealers across India
  • 140 galleries in India (including shop-in-shop)
  • 4 experience centers in India
  • 7 global offices
  • 50+ global sales network
  • 100+ franchise service centres

Board of Directors

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