Duroply Industries Limited conducted an earnings webinar on August 17, 2026, represented by Mr. Akhilesh Chitlangia, MD & CEO, moderated by Mr. Navin B. Agrawal of SKP Securities Ltd. The webinar discussed the unaudited financial results for Q1 FY27 (quarter ended June 30, 2026).

Business Performance Highlights

  • The company entered its 70th year of business on June 26, 2026
  • Q1 FY27 revenue stood at ₹99.6 crores, representing:
  • 6.5% growth year-over-year (YoY)
  • 10.7% decline quarter-over-quarter (QoQ)
  • Profit Before Tax (PBT) was ₹1.04 crores, compared to:
  • ₹1.88 crores in Q1 FY26 (YoY decline)
  • ₹1.31 crores in Q4 FY26 (QoQ decline)

Revenue Breakdown

  • Revenue from in-house manufactured goods: ₹51.3 crores
  • 3.7% growth YoY
  • 17% decline QoQ
  • Revenue from contract manufacturing: ₹48.3 crores
  • 9.6% growth YoY
  • 2.9% decline QoQ

Margin Performance

  • Gross margins improved to 35.5% from:
  • 34.1% in Q1 FY26
  • 34.3% in Q4 FY26
  • Margin improvement attributed to better product mix and manufacturing efficiency benefits from strategies implemented over the last 18 months
  • Stronger relationships with contract manufacturers also contributed to margin improvement

EBITDA Performance

  • EBITDA for the quarter: ₹4.82 crores
  • 10.5% decline YoY
  • 7% decline QoQ
  • EBITDA margin: 4.8% of sales, compared to:
  • 5.8% in Q1 FY26
  • 4.6% in Q4 FY26
  • Margin decline driven by increased brand spending as a conscious strategy decision

Working Capital Metrics

  • Debtor days decreased to 38 days from 42 days last year
  • Inventory days increased to 164 days from 145 days last year
  • Creditor days increased to 93 days from 72 days last year

Operational Context

  • The West Asia war created significant cost pressures during the quarter
  • Company mitigated cost pressures through:
  • Better material usage
  • Passing on cost increases
  • Negotiating better terms with vendors

Strategic Initiatives

  • Brand spending increased to approximately 4% of sales compared to 2.2% in the same quarter last year
  • This represents a conscious decision to increase brand visibility for medium to long-term benefits

Management Outlook

  • Q1 growth numbers were below expectations
  • Management expects growth to improve into double digits in Q2 FY27
  • Increased brand spend is expected to support this growth improvement

Webinar Details

  • No questions were asked during the Q&A session
  • The transcript was submitted to BSE for compliance purposes
  • The transcript is also available on the company's website at www.duroply.in