Chaman Lal Setia Exports Ltd submitted an investor presentation for Q1 FY27 to BSE and NSE in compliance with Regulation 30 of SEBI LODR Regulations, 2015.

Q1 FY27 Financial Performance

Income Statement Highlights:

  • Net Sales: ₹345.9 crore (up 12.6% YoY from ₹307.3 crore in Q1FY26)
  • Cost of Goods Sold: ₹258.2 crore (up 11.8% YoY)
  • Gross Profit: ₹87.7 crore (up 14.9% YoY)
  • Gross Margin: 25.4% (improved +52 bps YoY)
  • Employee Expenses: ₹5.2 crore (up 8.1% YoY)
  • Other Expenses: ₹39.0 crore (down 7.4% YoY)
  • EBITDA: ₹43.6 crore (up 48.0% YoY)
  • EBITDA Margin: 12.6% (improved +301 bps YoY)
  • Other Income: ₹2.2 crore (flat YoY)
  • Depreciation: ₹1.3 crore (up 21.4% YoY)
  • Profit Before Interest & Tax: ₹44.5 crore (up 45.4% YoY)
  • Interest: ₹1.8 crore (down 5.3% YoY)
  • Profit Before Tax: ₹42.7 crore (up 48.7% YoY)
  • Tax: ₹10.8 crore (up 51.3% YoY)
  • Net Profit: ₹32.0 crore (up 47.8% YoY)
  • PAT Margin: 9.2% (improved +220 bps YoY)
  • EPS (Reported): ₹6.44 (up 48.0% YoY)

Operational Metrics:

  • Total sales volume: 36,616 MT during the quarter
  • Average export realization: ₹98/kg (up 27.9% YoY)
  • Domestic realization: ₹64/kg (up 13.0% YoY)
  • Brand realizations: ₹92/kg
  • EBITDA per kg: ~₹12/kg (up 66.8% YoY)

Management Commentary

Mr. Rajeev Setia, Joint Managing Director & CFO, stated that the company commenced FY27 with resilient operational and financial performance despite challenging global environment. Higher realizations across domestic and export markets drove revenue growth, reflecting strength of procurement strategy, product mix, and pricing discipline.

Despite elevated ocean freight costs and geopolitical uncertainties, diversified export footprint across 95+ countries minimized disruptions. Strong demand from Canada, USA, Australia, and Far East countries coupled with higher realizations offset increased freight costs and protected margins.

Going forward, the company remains focused on expanding branded portfolio, strengthening domestic and global presence, and maintaining disciplined procurement and inventory management for sustainable, profitable growth.

Annual Financial Performance (FY22-FY26)

Income Statement Trends:

  • 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)
  • Consistent profitability with PAT margins ranging 6.9-8.5% over FY22-FY26

Balance Sheet (FY26):

  • Equity Share Capital: ₹9.9 crore
  • Reserves and Surplus: ₹827.9 crore
  • Capital Redemption Reserve: ₹0.4 crore
  • Total Equity: ₹838.2 crore
  • Long term Borrowings: ₹73.9 crore
  • Deferred Tax Liability: ₹1.9 crore
  • Short-term Borrowings: ₹8.9 crore
  • Total Current Liabilities: ₹125.7 crore
  • Property, Plant and Equipment: ₹167.1 crore
  • Inventories: ₹427.2 crore
  • Trade Receivables: ₹233.5 crore
  • Cash & Cash Equivalents: ₹0.3 crore
  • Other Bank Balances: ₹128.6 crore
  • Total Assets: ₹1,039.7 crore

Operational Highlights

Business Overview:

  • India's capital-efficient premium basmati company established in 1974 (~50 years)
  • Differentiated basmati company combining long-grain sourcing expertise, disciplined balance sheet management
  • Export relationships across key geographies with scalable premiumisation opportunity
  • Strong balance sheet with conservative leverage and net debt negative position
  • Net Debt/Equity ratio: ~-0.06

Infrastructure:

  • Processing capacity: 880 MT/day Sortex
  • Warehousing capacity: 82,500 MT
  • Silos capacity: 18,750 MT
  • Dryers: 500 MT/day
  • Packing Units: 16
  • Manufacturing facilities in Amritsar (2), Karnal, Gandhidham
  • Certifications: BRC, FDA, USDA, APEDA, FSSAI, Halal, Kosher, HACCP, ISO 22000:2018

Market Position:

  • Exporting to 95+ countries with over 300+ private label brands
  • Flagship brand 'Maharani' present in 40+ countries
  • 440+ distributors with average relationship of ~15 years
  • Exports contributed ~88% of revenue in FY26
  • Recognized as 3 Star Export house
  • First export shipment to Singapore in 1982 under 'MAHARANI' brand

Benchmarking (FY26):

  • EBIT Margin: ~11%
  • Inventory Turnover Ratio: 2.6x
  • Return on Equity: ~15%
  • ROCE: ~18%
  • Net Debt/Equity: ~-0.06

Product Portfolio:

  • Q1FY27 sales: 91% bulk, 9% branded
  • Includes diabetic friendly rice certified low in GI (Glycemic Index)

Corporate Actions

  • Company completed share buyback of ₹60+ crores (mentioned in journey timeline)
  • Listed on BSE