Financial Performance (Consolidated)

Q1 FY27 Key Metrics:

  • Revenue from Operations: ₹319.2 crores (10.6% YoY growth from ₹288.5 crores in Q1 FY26)
  • Gross Profit: ₹158.6 crores (10.0% YoY growth from ₹144.2 crores)
  • Gross Profit Margin: 49.7% (50.0% in Q1 FY26, -31 basis points)
  • EBITDA: ₹53.3 crores (7.7% YoY growth from ₹49.5 crores)
  • EBITDA Margin: 16.7% (17.2% in Q1 FY26, -46 basis points)
  • Profit After Tax: ₹29.1 crores (0.5% YoY growth from ₹29.0 crores)
  • PAT Margin: 9.1% (10.0% in Q1 FY26, -92 basis points)

Quarterly Comparison:

  • Revenue declined 1.1% QoQ from ₹322.95 crores in Q4 FY26
  • Gross Profit declined 4.1% QoQ from ₹165.3 crores
  • EBITDA declined 7.6% QoQ from ₹57.7 crores
  • PAT declined 20.4% QoQ from ₹36.5 crores

FY26 Full Year Reference:

  • Revenue: ₹1,250.1 crores
  • Gross Profit: ₹637.8 crores
  • EBITDA: ₹224.5 crores
  • PAT: ₹141.3 crores

Segment Performance Q1 FY27

Business Segment Growth:

  • Pen Segment: ₹220 crores revenue, 9% YoY growth driven by domestic demand
  • Creative Segment: ₹80 crores revenue, 23% YoY growth
  • Steel Bottles & Houseware: ₹19 crores revenue, 54% YoY growth

Geographic Performance (FY26 Reference):

  • Domestic: ₹277 crores, 13% YoY growth
  • Export: ₹43 crores, 0% YoY growth

Operational Highlights

Product Launches:

  • 32 new products launched during Q1 FY27 across business segments
  • 18 new pens launched across different price segments
  • Remaining products launched under Creative, Steel Bottles & Houseware, and other categories

Capital Expenditure:

  • Total Q1 capex: ₹43.42 crores
  • ₹33.25 crores capitalized towards factory building in Valsad facility
  • ₹0.39 crores incurred towards Surat facility

Management Commentary

Mr. Vimalchand Rathod, Managing Director, commented on the results:

  • Company reported broad-based performance across businesses with continued revenue growth
  • Operating environment challenging due to elevated and volatile raw material prices
  • Diversification into Creative Products and Steel Bottles & Houseware gaining traction, collectively contributing 31% of revenue
  • Writing Instruments business delivered healthy growth supported by domestic demand

Subsidiary Update

Flair Cyrosil Industries Private Limited (FCIPL), a subsidiary, is expanding manufacturing capacity through a fourth next-generation manufacturing line:

  • Expected commissioning by Q4 FY27
  • Expected to increase manufacturing capacity by approximately 35%

Forward-looking Guidance

  • Creative and Steel Bottles businesses expected to contribute 35-38% of overall Company revenue in FY27
  • Company aims to sustain growth momentum through disciplined execution and market expansion

Company Background

Flair Writing Industries Limited is among the Top 3 players in writing instruments and largest pen brand in India with 45+ years market presence. Key brands include "Flair", "Flair Creative", "Hauser" and "Pierre Cardin".

Operational Scale (FY26):

  • 11 manufacturing facilities across 5 locations
  • Distribution network: 166+ super stockists, 8,000+ distributors, 330,000+ retail touchpoints
  • Presence across 6,500+ pin codes

Investor Relations Contacts

  • IR Agency: MUFG Intime India Limited - Ms. Mamta Nehra/Mr. Nikunj Jain