Regulatory Disclosure

Chaman Lal Setia Exports Limited submitted an investor presentation for Q2 & H1FY27 to Bombay Stock Exchange Limited and National Stock Exchange of India Limited under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Regulation 30. The disclosure was dated 13 November 2026 and signed by Kanika Nevtia, Company Secretary (ACS: 29680).

Management Commentary

Mr. Rajeev Setia, Joint Managing Director & CFO, stated that the company delivered a strong Q2 FY27 performance with industry-leading results. The exceptional profitability was driven by favorable procurement costs from earlier buying cycles, inventory gains, and higher contribution from branded sales. Despite elevated global ocean freight costs, the company's strategy of executing significant sales on FOB basis enabled passing the entire freight cost increase to customers. Export realizations increased to ₹105/kg and are expected to remain at higher levels in coming quarters.

Q2 FY27 Financial Performance

  • Revenue from operations: ₹328.8 crore, up 20.4% YoY
  • Cost of Goods Sold: ₹212.7 crore, down 2.0% YoY
  • Gross Profit: ₹116.1 crore, up 107.2% YoY
  • Gross Margin: 35.3% (1,478 bps improvement YoY)
  • Employee Expenses: ₹5.2 crore, down 30.2% YoY
  • Other Expenses: ₹42.4 crore, up 74.8% YoY
  • EBITDA: ₹68.4 crore, up 182.1% YoY (highest-ever quarterly)
  • EBITDA Margin: 20.8% (1,192 bps improvement YoY)
  • Other Income: ₹10.1 crore, up 164.6% YoY
  • Depreciation: ₹1.3 crore, up 21.4% YoY
  • Profit Before Tax: ₹75.2 crore, up 199.4% YoY
  • Tax: ₹18.9 crore, up 205.7% YoY
  • Net Profit: ₹56.3 crore, up 197.4% YoY (highest-ever quarterly)
  • PAT Margin: 17.1% (1,019 bps improvement YoY)
  • EPS (Reported): ₹11.33, up 197.4% YoY

H1 FY27 Financial Performance

  • Revenue from operations: ₹674.7 crore, up 16.3% YoY
  • Cost of Goods Sold: ₹470.9 crore, up 5.1% YoY
  • Gross Profit: ₹203.8 crore, up 54.0% YoY
  • Gross Margin: 30.2% (740 bps improvement YoY)
  • Employee Expenses: ₹10.4 crore, down 15.3% YoY
  • Other Expenses: ₹81.4 crore, up 22.7% YoY
  • EBITDA: ₹112.0 crore, up 108.6% YoY
  • EBITDA Margin: 16.6% (734 bps improvement YoY)
  • Other Income: ₹12.4 crore, up 103.9% YoY
  • Depreciation: ₹2.6 crore, up 21.4% YoY
  • Profit Before Tax: ₹118.0 crore, up 119.0% YoY
  • Tax: ₹29.7 crore, up 123.2% YoY
  • Net Profit: ₹88.3 crore, up 117.6% YoY
  • PAT Margin: 13.1% (609 bps improvement YoY)
  • EPS (Reported): ₹17.77, up 117.8% YoY

Operational Highlights

  • Q2 FY27 Total Sales Volume: 33,175 MT
  • Q2 FY27 Branded Sales Volume Growth: 34.1% YoY
  • Q2 FY27 Domestic Sales Volume Growth: 28.0% YoY
  • Cash & Cash Equivalents (Cash + Bank + Investments): ₹551 crore as of 30 September 2026 (vs ₹328 crore in September 2025)
  • Inventory under strong control heading into key procurement season

Business Overview

  • Established in 1974 with ~50 years of operations
  • India's capital-efficient premium basmati company
  • Exports to 95+ countries with over 300+ private label brands
  • Export contribution: ~88% of FY26 revenue
  • Processing capacity: 880 MT/day with 16 Sortex machines
  • Warehousing capacity: 82,500 MT
  • Silos capacity: 18,750 MT
  • Dryers capacity: 500 MT/day
  • Manufacturing facilities in Amritsar (Punjab), Karnal (Haryana), and packaging unit in Gandhidham (Gujarat)
  • Certifications: ISO Organic, BRC, FDA 22000:2018, USDA, APEDA, Halal, Kosher, HACCP, FSSAI
  • Product portfolio includes diabetic-friendly rice certified low in GI (Glycemic Index)

Annual Financial Performance (FY22-FY26)

  • FY26 Net Sales: ₹1,439.6 crore
  • FY26 Gross Profit: ₹333.6 crore (23.2% margin)
  • FY26 EBITDA: ₹156.7 crore (10.9% margin)
  • FY26 Net Profit: ₹114.8 crore (8.0% margin)
  • FY26 EPS: Not explicitly stated in presentation
  • H1FY27 Total Equity: ₹925.4 crore (Equity Share Capital: ₹9.9 crore, Reserves and Surplus: ₹915.0 crore)
  • H1FY27 Total Assets: ₹1,148.7 crore
  • H1FY27 Current Assets: ₹978.7 crore (Inventories: ₹131.3 crore, Trade Receivables: ₹193.5 crore, Other Bank Balances: ₹506.4 crore)

Benchmarking (FY26)

  • EBIT Margin: ~11%
  • PAT Margin: ~8%
  • Inventory Turnover Ratio: 2.6x
  • Return on Equity: ~15%
  • Return on Capital Employed: ~18%
  • Net Debt/Equity: ~-0.06 (net debt negative)