Financial Performance Summary

Quarterly Financial Results (₹ in lakhs)

| Metric | Q1 FY27 | Q1 FY26 | YoY Change | Q4 FY26 | QoQ Change | FY26 Full Year |

| Total Income | 13,940 | 13,819 | 0.9% | 14,024 | (0.6%) | 55,130 |

| EBITDA | 1,254 | 1,435 | (12.6%) | 2,035 | (38.3%) | 6,778 |

| EBITDA Margin | 9.0% | 10.4% | (139 bps) | 14.5% | (551 bps) | 12.3% |

| PAT* | 581 | 705 | (17.6%) | 1,046 | (44.5%) | 3,274 |

| PAT Margin | 4.2% | 5.1% | (93 bps) | 7.5% | (329 bps) | 5.9% |

| EPS (In ₹) | 0.98 | 1.18 | (17.6%) | 1.76 | (44.5%) | 5.50 |

*PAT attributable to the owners of the parent

Segment-wise Performance

  • Corporate Sales: Declined by 14% against high prior year base
  • Exports: Decreased by 3% due to geopolitical uncertainties affecting global trade flows
  • General Trade: Grew by 8%
  • E-commerce: Registered strong growth of 32%

Margin Analysis

EBITDA margin contracted by 139 basis points year-on-year to 9.0%, primarily attributable to increase in polymer prices (principal raw material) driven by supply constraints and higher crude oil prices. The competitive environment limits immediate pass-through of higher input costs.

Balance Sheet and Liquidity Position

  • Net Debt: Stood at ₹(1,194) lakhs in June 2026 (net cash position)
  • Previous Quarter: Net Debt was ₹(686) lakhs in March 2026
  • Net Debt/EBITDA: Stood at (0.24) in June 2026

International Operations Update

  • Uni Linc Joint Venture (with Mitsubishi Pencil Co.): Operationally stable with exports accounting for more than 50% of revenue during the quarter
  • Turkey Joint Venture: Operations continue to progress steadily
  • Kenya Subsidiary: Sales momentum has begun to improve, expected to strengthen over coming quarters
  • Morris of Korea Subsidiary: Development linked to commissioning of upcoming manufacturing facility in West Bengal, expected operational by Q3 FY27
  • Linc On (e-commerce focused subsidiary): Remained stable in current quarter, expected to gain momentum in periods ahead

Management Commentary

Mr. Deepak Jalan, Managing Director, stated that quarterly fluctuations in Corporate Sales are characteristic of the requirement-based segment and do not indicate structural change. The company remains focused on mitigating input cost impact through disciplined cost management while monitoring cost movements. Elevated polymer prices remain a near-term consideration but are expected to ease progressively.

Strategic Outlook

The company believes foundations being established through international initiatives are robust and well-considered, despite some ramp-ups taking longer than initially envisaged. Benefits of improving product mix, disciplined execution and deepening strategic partnerships are expected to become increasingly visible as input cost pressures moderate. The company remains committed to strengthening the business and creating a platform for sustainable long-term growth.

Corporate Background

Linc Limited (formerly Linc Pen & Plastics Limited) is one of India's most trusted writing instrument brands with presence in over 40 countries. The company has manufacturing units in Serakole and Umbergaon with daily capacity of more than two million units and ISO 9001:2008 certification. Linc has an exclusive license to distribute and market Uniball products.