Date: 4th August, 2026

Financial Results (Standalone)

Q1 FY27 Performance:

  • Net Sales: ₹4,237 crore, growth of 22.2% YoY (Q1 FY26: ₹3,467 crore)
  • Underlying Volume Growth (UVG): 11.3%
  • Material Costs: ₹2,012 crore, increased 24.5% YoY
  • Advertising & Sales Promotion: ₹153 crore, increased 36.6% YoY
  • Staff Costs: ₹454 crore, increased 10.8% YoY
  • Other Expenses: ₹510 crore, increased 12.5% YoY
  • EBITDA: ₹1,121 crore, growth of 26.2% YoY
  • EBITDA Margin: 26.4% (improved ~80 bps from Q1 FY26 25.6%)
  • Profit Before Tax: ₹1,120 crore, growth of 27.3% YoY
  • Profit Before Tax Margin: 26.4%
  • Profit After Tax: ₹830 crore, growth of 27.7% YoY

Segment Performance - Standalone:

  • Consumer and Bazaar (C&B) revenue grew 22.5% with UVG of 12.2%
  • Business to Business (B2B) revenue grew 16.0% with UVG of 7.3%
  • Domestic B2B UVG: 10.4%
  • Exports UVG: (-)8.4% impacted by ongoing geopolitical conditions
  • PBIT % improved by ~58 bps for C&B segment
  • PBIT % improved by ~211 bps for B2B segment

Margin Analysis:

  • Gross Margin: 52.5% (contracted ~90 bps YoY due to inflationary impact of West Asia crisis)
  • Price increases were taken across all categories to offset input cost increases

Financial Results (Consolidated)

Q1 FY27 Consolidated Performance:

  • Net Sales: ₹4,541 crore, growth of 21.3% YoY (Q1 FY26: ₹3,742 crore)
  • Material Costs: ₹2,118 crore, increased 23.0% YoY
  • Advertising & Sales Promotion: ₹159 crore, increased 34.5% YoY
  • Staff Costs: ₹515 crore, increased 11.0% YoY
  • Other Expenses: ₹566 crore, increased 11.3% YoY
  • EBITDA: ₹1,194 crore, growth of 26.9% YoY
  • EBITDA Margin: 26.3% (improved from Q1 FY26 25.1%)
  • PBT Before Share in Associates & JV: ₹1,175 crore, growth of 28.3% YoY
  • Profit Before Tax Margin: 25.9%

Subsidiary Performance:

  • Domestic Subsidiaries revenue grew by 11.5%
  • International Subsidiaries revenue grew by 12.0%

Dividend Declaration or Non-Declaration

FY26 Dividend Information:

  • Total dividend payout ratio: 70.2% (including special interim dividend of ₹5 post bonus)
  • Excluding one-time special interim dividend, payout ratio: 48.9%
  • Net Profit considered for calculation excludes exceptional items

Other Operational / Strategic Disclosures

Sustainability Performance (FY19 baseline to FY26):

  • Water Use Intensity: 68% reduction (2.38 to 0.75 kiloliter/metric ton)
  • Energy Use Intensity: 72% reduction (1.80 to 0.51 Gija Joules/metric ton)
  • Waste Disposal Intensity: 82% reduction (22.02 to 3.62 kg/metric ton)
  • Renewable Energy Mix: Increased from 40.0% to 48.4%
  • Volume Produced: 247% increase (55,394 to 400,327 metric tons)
  • Absolute Scope 1 + 2 Emissions: 9% increase (50,126 to 55,394 tCO2)

Business Overview:

  • Established: 1959
  • Product Categories: Adhesives & sealants, construction chemicals, art & craft products, polymer emulsions
  • Major Brands: M-Seal, Fevikwik, Fevistik, Roff, Dr. Fixit, Fevicryl, Araldite, Araldite Karpenter, Araseal
  • Manufacturing: 33 plants, 29 co-makers
  • International Presence: Thailand, Dubai, Egypt, Bangladesh, Sri Lanka, Kenya, Singapore
  • Employees: 8,800+ (standalone)
  • Products: 6,000+ SKUs

FY26 Revenue Breakdown:

  • Standalone: ₹12,570 crore
  • Subsidiaries: ₹952 crore
  • Export (Standalone): ₹918 crore
  • Subsidiaries Export: ₹715 crore

Performance Outlook:

  • Commenced FY27 with strong footing and broad-based growth across segments
  • Domestic demand remains resilient with healthy performance in urban and rurban markets
  • Continued investments in brand building and business development
  • Q1 FY27 EBITDA margins benefited from carry forward of low cost inventory and proactive price increases
  • Strategic focus remains on driving consistent, profitable, volume-led growth
  • Monitoring external factors including raw material inflation, freight costs, and global supply chain disruptions