Flair Writing Industries Limited announced its unaudited financial results for Q2 FY27 and H1 FY27 ended September 30, 2026.

Consolidated Financial Performance (Q2 FY27)

  • Revenue from Operations: ₹340.1 crore, up 6.0% YoY (from ₹320.9 crore in Q2 FY26) and up 6.5% QoQ (from ₹319.2 crore in Q1 FY27)
  • Gross Profit: ₹165.7 crore, down 0.5% YoY (from ₹166.6 crore)
  • Gross Profit Margin: 48.7%, down from 51.9% YoY
  • EBITDA: ₹50.6 crore, down 16.2% YoY (from ₹60.4 crore)
  • EBITDA Margin: 14.9%, down from 18.8% YoY
  • Profit After Tax (PAT): ₹31.7 crore, down 25.8% YoY (from ₹42.7 crore) but up 9.1% QoQ (from ₹29.1 crore)
  • PAT Margin: 9.3%, down from 13.3% YoY

Consolidated Financial Performance (H1 FY27)

  • Revenue from Operations: ₹659.4 crore, up 8.2% YoY (from ₹609.5 crore in H1 FY26)
  • Gross Profit: ₹324.2 crore, up 4.3% YoY (from ₹310.8 crore)
  • Gross Profit Margin: 49.2%, down from 51.0% YoY
  • EBITDA: ₹103.9 crore, down 5.5% YoY (from ₹109.9 crore)
  • EBITDA Margin: 15.8%, down from 18.0% YoY
  • Profit After Tax (PAT): ₹60.8 crore, down 15.2% YoY (from ₹71.7 crore)
  • PAT Margin: 9.2%, down from 11.8% YoY

Operational Performance (Q2 FY27)

  • Domestic Sales: ₹292 crore, representing 5.5% QoQ growth
  • Export Sales: ₹49 crore, representing 13.0% QoQ growth
  • H1 FY27 Domestic Sales: ₹568 crore, up 10.8% YoY (from ₹513 crore in H1 FY26)

Business Segment Highlights

  • Writing Instruments Business: Registered 7% growth on half-yearly basis, primarily driven by domestic market
  • Creative Products Segment: Delivered 10% QoQ growth in Q2 FY27 and 24% YoY growth in H1 FY27 despite an average 15-day manufacturing disruption at Valsad and Daman facilities
  • The growth was supported by continued portfolio expansion and enhanced manufacturing capabilities

Capacity Expansion Updates

  • New manufacturing line for Creatives at Valsad will be partially operational in Q3 FY27, with ramp-up expected progressively over coming quarters
  • Subsidiary Flair Cyrosil Industries Private Limited (FCIPL) is targeting its fourth stainless steel bottle manufacturing line to be operationalized by Q4 FY27
  • Commercial operations for the new fourth line for Steel Bottles is expected to begin in Q4 FY27

Corporate Action

  • The Board of Directors approved an Interim Dividend of 10% amounting to 50 paisa per share

Management Commentary

Mr. Vimalchand Rathod, Managing Director, commented on the diversification strategy gaining momentum with increasing opportunities across Creative Products and Steel Bottles & Houseware, strengthening presence beyond the core Writing Instruments business. He emphasized strong brand equity, expanding manufacturing capabilities, and a diversified product portfolio as key strengths for sustainable long-term growth.

Company Background

Flair Writing Industries Limited is among the Top-3 players in the writing instruments industry and the largest pen brand in India. The company manufactures and distributes products under brands including "Flair", "Flair Creative", "Hauser", "Pierre Cardin", and recently introduced "ZOOX" in India. The company is also scaling its steel bottles and other houseware products and distributes MAPED branded products in India.