Key Financial Highlights

Half Year Performance (H2 FY26 vs H2 FY25)

  • Total Revenue: ₹120.82 Cr (H2 FY26) vs ₹98.01 Cr (H2 FY25) - 23.27% increase
  • EBITDA: ₹13.45 Cr (H2 FY26) vs ₹13.51 Cr (H2 FY25) - 0.45% decrease
  • PAT: ₹6.64 Cr (H2 FY26) vs ₹6.14 Cr (H2 FY25) - 7.46% decrease (note: percentage appears inconsistent with absolute values)

Full Year Performance (FY26 vs FY25)

  • Total Revenue: ₹202.99 Cr (FY26) vs ₹164.47 Cr (FY25) - 23.43% increase
  • EBITDA: ₹24.88 Cr (FY26) vs ₹22.85 Cr (FY25) - 8.90% increase
  • PAT: ₹12.01 Cr (FY26) vs ₹10.91 Cr (FY25) - 10.08% increase

Operational and Strategic Updates

Business Transformation

Company is transforming into a digitally-enabled premium B2C surface solutions brand operating across retail showrooms, dealer networks, institutional projects, and exports.

Geographic Expansion

  • Launched Dubai Display Centre
  • Expanded export operations to Africa, GCC, UK, and U.S. markets
  • Strengthened domestic retail ecosystem

Digital Transformation

  • Implemented AI-powered MCPL Studio
  • CRM integration and automated customer engagement systems
  • Improved customer conversion efficiency
  • Building scalable omnichannel platform

Operational Improvements

  • Operationalized Upper Thane Cutting & Polishing Facility for backward integration
  • Expanded warehouse and logistics infrastructure
  • Improved operational control and customization capabilities
  • Enhanced premium-margin realization

Working Capital Management

  • Inventories: Increased to ₹62.35 Cr to support business scale-up and premium product expansion
  • Trade Receivables: Reduced to ₹62.16 Cr from ₹72.61 Cr (previous period)
  • Working Capital Cycle: Improved by ~23% YoY from 231 days in FY25 to 178 days in FY26
  • H1 FY26 Comparison: Improved by ~44% from 317 days in H1 FY26
  • Implemented sector-first Trade Credit Insurance framework for secured domestic debtors

Management Commentary

Mr. Dhruv Rakhasiya, Managing Director stated that FY26 was an operationally improved year with focus on:

  • Retail expansion
  • Premium product diversification including Quartz, Exotic Stones and Wooden Planks
  • Export market penetration
  • Technology-led customer engagement initiatives

Future Outlook

Management targets sustainable medium-term 25-30% CAGR growth over the next 3 years through:

  • Scaling exports
  • Expanding premium retail footprint
  • Increasing contribution from high-margin premium surfaces
  • Strengthening position as globally recognized, technology-enabled interior solutions brand
  • Continued focus on operational discipline and digital scalability

Company Background

Established in 1991 as 'Manoj and Company,' initially focused on trading building and construction materials. Evolved into ceramic contract-manufacturing public limited company specializing in ceramic tiles and tile adhesives under "MCPL" brand.

Disclaimer

Document contains forward-looking statements subject to risks and uncertainties including government actions, local developments, and technological risks. Company does not commit to publicly updating these statements.