Date: 5th November, 2026

Financial Performance Summary

Quarterly Performance (Q2 FY27 vs Q2 FY26)

  • Total Income: ₹15,535 lakhs, up 9.9% YoY from ₹14,137 lakhs
  • EBITDA: ₹1,254 lakhs, down 30.2% YoY from ₹1,797 lakhs
  • EBITDA Margin: 8.1%, down 464 bps from 12.7%
  • PAT (attributable to owners): ₹419 lakhs, down 50.5% YoY from ₹846 lakhs
  • PAT Margin: 2.7%, down 329 bps from 6.0%
  • EPS: ₹0.70, down 50.5% YoY from ₹1.42

Sequential Performance (Q2 FY27 vs Q1 FY27)

  • Total Income: ₹15,535 lakhs, up 11.4% QoQ from ₹13,940 lakhs
  • EBITDA: ₹1,254 lakhs, flat QoQ (0.0% change)
  • EBITDA Margin: 8.1%, down 93 bps from 9.0%
  • PAT: ₹419 lakhs, down 27.9% QoQ from ₹581 lakhs
  • PAT Margin: 2.7%, down 147 bps from 4.2%
  • EPS: ₹0.70, down 27.9% QoQ from ₹0.98

Half-Yearly Performance (H1 FY27 vs H1 FY26)

  • Total Income: ₹29,475 lakhs, up 5.4% YoY from ₹27,956 lakhs
  • EBITDA: ₹2,508 lakhs, down 22.4% YoY from ₹3,232 lakhs
  • EBITDA Margin: 8.5%, down 305 bps from 11.6%
  • PAT: ₹999 lakhs, down 35.6% YoY from ₹1,551 lakhs
  • PAT Margin: 3.4%, down 216 bps from 5.5%
  • EPS: ₹1.68, down 35.6% YoY from ₹2.60

Operating EBITDA Performance

  • Operating EBITDA for Q2 FY27: ₹1,131 lakhs
  • Operating EBITDA Margin: 7.3%
  • Compared to Q2 FY26: ₹1,594 lakhs at 11.3% margin (393 bps contraction)
  • Compared to Q1 FY27: ₹1,208 lakhs at 8.7% margin

Margin Analysis

The 393 basis point year-on-year contraction in Operating EBITDA margin was attributed to:

  • Approximately 190 basis points due to higher raw material costs
  • Approximately 200 basis points due to increased sales promotion expenditure

Raw material cost increases were driven by geopolitical uncertainties across certain inputs, though the impact was cushioned by the company's raw material mix.

Balance Sheet and Debt Position

  • Net Debt as of September 2026: ₹2,237 lakhs
  • Net Debt/EBITDA ratio: 0.45

Business Strategy and Initiatives

Portfolio Expansion

  • Continued expansion in lifestyle drinkware through Tritonic brand of Tritan-based bottles
  • Targeting everyday use, active lifestyles, and children segments
  • Leveraging polymer expertise and established brand/distribution capabilities

Retail Expansion

  • Stackoo experience centres operational in Kolkata and Mumbai
  • Bringing writing instruments, stationery and allied products together in engaging retail format

Sales Strategy

  • Increased sales promotion activities to stimulate demand while maintaining underlying pricing structure
  • Focus on gaining market share and building sustained sales momentum
  • Growth in categories beyond writing instruments

Management Commentary

Mr. Deepak Jalan, Managing Director, stated that the company is focused on:

  • Sustaining sales growth while improving balance between growth investments and profitability
  • Monitoring raw material costs and evaluating promotional spending
  • Building on encouraging performance of categories beyond writing instruments
  • Continuing new product launches and strategic partnerships to strengthen long-term business

Company Background

Linc Limited (formerly Linc Pen & Plastics Limited) is one of India's most trusted writing instrument brands with:

  • National and international presence in over 40 countries
  • Manufacturing units in Serakole and Umbergaon with daily capacity of more than two million units
  • ISO 9001:2008 certification
  • Exclusive license to distribute and market Uniball products
  • Listed on NSE, BSE, and CSE
  • Established in 1976 by Mr. Suraj Mal Jalan, currently headed by Mr. Deepak Jalan