Financial Performance Highlights

Full Year FY26 Performance (Consolidated)

  • Revenue from Operations: ₹2,323.7 crore, up 9% YoY from ₹2,136.4 crore in FY25
  • Cost of Goods Sold: ₹1,167.6 crore
  • Gross Profit: ₹1,156.2 crore with Gross Profit Margin of 49.8% (vs 51.7% in FY25)
  • Employee Cost: ₹242.0 crore
  • Other Expenses: ₹442.8 crore
  • Other Income: ₹55.1 crore
  • EBITDA: ₹526.4 crore with EBITDA Margin of 22.7% (vs 26.0% in FY25)
  • Depreciation: ₹77.7 crore
  • EBIT: ₹448.7 crore with EBIT Margin of 19.3% (vs 23.1% in FY25)
  • Finance Cost: ₹1.5 crore
  • Exceptional Item: ₹7.4 crore
  • Profit Before Tax: ₹439.7 crore
  • Tax: ₹108.2 crore
  • Profit After Tax: ₹331.5 crore with PAT Margin of 14.3% (vs 17.1% in FY25)
  • EPS: ₹14.70

Q4FY26 Performance

  • Highest-ever quarterly revenue of ₹654 crore, up 11% YoY
  • EBITDA: ₹137 crore
  • PAT: ₹90 crore

Dividend Declaration

  • Board recommended a final dividend of ₹1.50 per equity share for FY25-26, subject to shareholders' approval

Operational Highlights

Business Segment Performance (FY26 Revenue Contribution)

  • Consumer Ware: 69.1% of revenue
  • Writing Instruments: 15.9% of revenue (includes additional revenues from Cello stationery brand)
  • Moulded Furniture and Allied Products: 15.0% of revenue

Growth Drivers in Q4FY26

  • Writing Instruments segment led growth
  • Revival of exports business
  • Contribution from new premium product launches
  • Consumerware performance: Hydration segment remained slower, while Glassware and Opalware categories witnessed steady performance

Strategic Initiatives

  • Glassware and steel flasks capacity expansion
  • Addition of Cello stationery brand
  • Integration of Wimplast
  • Product portfolio rationalization
  • These initiatives are expected to meaningfully contribute to performance in FY27

Corporate Structure Developments

  • The Scheme of Arrangement between Wim Plast Limited, Cello Consumer Products Private Limited and Cello World Limited became effective on May 27, 2026
  • Group restructuring process included investment by funds advised/managed by ICICI Venture and Tata Capital in 2022
  • Cello World Limited listed on NSE and BSE in 2023
  • QIP raised additional capital of ₹737 crore in 2024, diluting promoter holding to 75%
  • Commencement of Glassware Manufacturing Facility in 2024
  • Entered into agreement to lease trademark for "Cello Brand" for Stationery and Writing Instruments from CPIW

Manufacturing and Capacity

  • 77% revenues from in-house manufacturing
  • 5,000+ SKUs
  • Glassware manufacturing facility in Rajasthan with 20,000 tonnes capacity
  • Facility houses European-made machinery enabling high productivity and precision
  • Only domestic consumer products company with presence across all material types with in-house glassware manufacturing unit in India

Distribution Network

  • Pan-India distribution network across multiple channels
  • Ability to respond to network of distributors and trade consumers

Management Commentary

Mr. Pradeep Rathod, Chairman & Managing Director, stated: "FY26 was marked by evolving market conditions and softer demand especially in certain consumerware categories. Despite the challenging environment, we delivered revenue growth of 9% YoY."

Historical Financial Trends (5-Year)

Revenue Growth

  • FY22: ₹1,359.18 crore
  • FY23: ₹1,796.7 crore
  • FY24: ₹2,000.3 crore
  • FY25: ₹2,136.4 crore
  • FY26: ₹2,323.7 crore

Profitability Trends

  • PAT Margin: FY22 (16.2%), FY23 (15.9%), FY24 (17.8%), FY25 (17.1%), FY26 (14.3%)
  • EBITDA Margin: FY22 (25.7%), FY23 (24.3%), FY24 (26.7%), FY25 (26.0%), FY26 (22.7%)

Balance Sheet Position (as of March 2026)

Equity & Liabilities

  • Equity Share Capital: ₹110.4 crore (unchanged from FY25)
  • Share Pending Issuance: ₹409.3 crore
  • Other Equity: ₹2,181.2 crore
  • Total Equity: ₹2,700.9 crore
  • Non-current Liabilities: ₹34.4 crore
  • Current Liabilities: ₹267.9 crore
  • Total Equity and Liabilities: ₹3,003.2 crore

Assets

  • Property, Plant and Equipment: ₹698.7 crore
  • Capital Work in Progress: ₹65.5 crore
  • Right-of-use Assets: ₹11.2 crore
  • Intangible Assets: ₹1.0 crore
  • Other Investments: ₹21.6 crore
  • Inventories: ₹534.7 crore
  • Trade Receivables: ₹749.6 crore
  • Cash and Cash Equivalents: ₹126.4 crore
  • Total Current Assets: ₹2,170.2 crore
  • Total Assets: ₹3,003.2 crore

Cash Flow Statement (FY26)

  • Net Profit Before Tax: ₹447.1 crore
  • Operating Profit Before Working Capital Changes: ₹475.9 crore
  • Changes in Working Capital: -₹112.4 crore
  • Cash Generated from Operations: ₹363.5 crore
  • Direct Taxes Paid: ₹108.4 crore
  • Net Cash from Operating Activities: ₹255.1 crore
  • Net Cash from Investing Activities: -₹175.7 crore
  • Net Cash from Financing Activities: -₹4.7 crore
  • Net Increase in Cash and Cash Equivalents: ₹74.7 crore
  • Cash & Cash Equivalents at End of Period: ₹126.4 crore