Q3 2026 Jyoti Resins and Adhesives Ltd Earnings Call Transcript
Key Points
- Jyoti Resins & Adhesives Ltd (BOM:514448) maintains a strong cash and bank balance, generating incremental cash flows annually.
- The company is focused on expanding its market share in existing states and increasing its footprint in new states.
- Despite a soft start in October, sales recovered strongly in November and December, with a strong exit rate in December.
- The company is investing in talent acquisition and brand communications to support future growth.
- Jyoti Resins & Adhesives Ltd (BOM:514448) has maintained a high EBITDA margin of 25%+, which is significantly higher than some of its peers.
- Revenue and EBITDA have been flat since FY24, with no significant growth reflected despite increased spending.
- The company's advertising and marketing strategy has not shown expected results, impacting margins.
- There is skepticism among investors regarding the company's reported numbers, affecting stock confidence.
- The company faces challenges in achieving its 20% growth guidance due to various market conditions.
- There is a call for the company to engage a more reputed auditor to enhance investor confidence.
Ladies and gentlemen, on behalf of Kaptify Consulting Investor Relations team, I welcome you all to the Q3 and nine months FY26 Post Earnings Conference Call of Jyoti Resins and Adhesives Limited. Today on the call from the management team we have with us Mr. Utkarsh Patel, Managing Director; Mr. Samit Shah, Chief Operating Officer; and Mr. (inaudible) Shah, Finance.
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 give us their opening remarks to detail us about the business performance highlights for the period ended December 2025, the growth perspective and vision for the coming years, post which, we will open the floor for Q&A.
Over to the management team.
Ladies and gentlemen, I welcome you all to the quarter three FY26 con call. As you would have seen this quarter was
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