Q2 2026 Jyoti Resins and Adhesives Ltd Earnings Call Transcript
Key Points
- Jyoti Resins & Adhesives Ltd (BOM:514448) reported a strong 20% year-on-year volume growth despite challenges from an extended monsoon season.
- The company maintained a robust EBITDA margin of 27.5%, consistent with previous quarters and in line with their long-term guidance.
- Expansion plans are underway with a brownfield capacity increase from 2,000 tonnes to 3,500 tonnes per month, expected to be completed in the next six months.
- The company is actively expanding its market presence, having established operations in 14 states and focusing on further penetration in new and existing markets.
- Jyoti Resins & Adhesives Ltd (BOM:514448) is targeting a turnover of INR500 crore over the next three years, driven by continued volume growth and strategic marketing efforts.
- The company faced disruptions in dispatch and delivery chains due to the heavy monsoon, impacting operations.
- Despite a 20% volume growth, the reported revenue growth was only 14%, indicating potential issues with revenue realization.
- There is a significant investment in advertising and marketing, with plans to spend 7% to 8% of revenue on these activities, which could pressure margins.
- Capacity utilization is currently at 60% to 70%, indicating underutilization of existing resources.
- The company is not exploring export markets, focusing solely on domestic opportunities, which may limit growth potential in the long term.
Ladies and gentlemen, on behalf of Kaptify Consulting Investor Relations team, I welcome you all to the H1 FY26 post-earnings conference call of Jyoti Resins and Adhesives Limited. Today, on the call from the management, we have with us Mr. Utkarsh Patel, Managing Director; and Mr. Samit Shah, CMO. As a disclaimer, I would like to inform all of you that this call may contain forward-looking statements, which may involve risks and uncertainties. Also, a reminder that this call is being recorded.
I would now request the management to brief us about the business and performance highlights for the quarter and period ended September 2025, the growth plans and coming -- vision for the coming years, post which we will open the floor for Q&A. Over to the management team.
Good morning, everyone, and thank you for joining us. On behalf of the Board and the management team, I would like to extend a warm welcome to all our investors, analysts and stakeholders in quarter 2 FY26 post earnings
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