Sirca Paints India Ltd (NSE:SIRCA)

Q2 2026 Sirca Paints India Ltd Earnings Call Transcript

Nov 12, 2025 / 10:30 AM GMT

Release Date Price: ₹512.4 (-0.50%)

Transcript

Key Points

Positve

Revenue from operations increased by 24.37% year-on-year, reaching INR 131.17 crores in Q2 FY26.
EBITDA grew by 44.52% year-on-year, with a margin improvement to 20.89%.
Profit after tax rose by 36.3% year-on-year, indicating strong financial performance.
The company is undertaking a major operational integration and capacity expansion for the Wembley brand, expected to enhance efficiency and scalability.
Sirca Paints extended its agreement with Sirca Spa Italy until 2041, ensuring continued technical know-how transfer and reinforcing strategic partnerships.

Negative

Trade receivables saw a significant increase of 48% from March 2025, impacting cash flow.
The transition period for the Wembley and Welcome brands led to temporary issues with account closures and payment cycles.
The company's growth projections are conservative, aiming for 1,000 crore revenue by FY30 despite potential for higher growth.
The integration of Wembley and Welcome brands is still ongoing, with full operational benefits expected only by late January 2026.
The company's market presence is currently stronger in North India, with slower expansion in other regions like the South and West.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SICR.NS - Sirca Paints India Ltd
Q2 2026 Sirca Paints India Ltd Earnings Call
Nov 12, 2025 / 10:30AM GMT

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Presentation
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Unidentified_1 [1]
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Hello, and good evening, everyone, and thank you for joining us today for Sirka Pin's India Limited Q2 FY26 results call. I am Drishti from Finporter Investor relation Team, and it's my pleasure to welcome you all. We are joined today by senior members of the management team, including Mr. Sanjay Agrawal, Chairman and MD, Mr. Apoorvaglewal, joint managing director, and Mr. Hira Kumar, company secretary. Due to some unavoidable circumstances, Ms. Shalu Arora, the CFO, is not able to join. Let me now hand it over to Mr. Apor Apur Agarwal to take you through the key financial highlights over to you, sir.

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Unidentified_2 [2]
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