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Earnings Call Transcript

Mallcom (India) Earnings Call Transcript: Key Takeaways

Mallcom delivered a profitability recovery despite an export slowdown, leveraging domestic demand and lower material costs.

Mallcom (india) Q2 FY27 concall: date, live audio and summaryConcall page →
Guidance and delivery
Management target Revenue 10.0% FY27
Highlights
Revenue growthOperating revenue grew 3% YoY to ₹143 Cr in Q2.
MarginsEBITDA margins expanded 350 bps YoY to 10.61%.
Order bookHealthy order book and robust inquiry pipeline reported.
Demand visibilityStrong domestic demand; European export markets showing signs of bottoming out.
Management confidenceOptimistic regarding H2 recovery led by domestic orders and exports.

Growth

Domestic revenue surged 23% YoY, offsetting sluggish international performance in Europe.

Outlook

Management maintains ₹600 Cr revenue target for FY27, implying significant H2 acceleration.

Risks

Prolonged European economic downturn and BIS implementation delays in non-footwear segments pose risks.

Last quarter's promises, checked

Delivered

  • Guided India 'more confident' (qualitative) → Domestic +23% YoY (= BEAT)

Partly delivered

  • Guided ₹600 Cr FY27 → H1 ₹253 Cr, needs ₹347 Cr in H2 (= PARTIAL, FY open)
  • Guided Sanand ₹40 Cr FY27 minimum, 'on track' → Q2 Sanand not disclosed (= PARTIAL, unverified)

Missed

  • Guided ~₹20 Cr Europe sales recovery → International flat at ₹74 Cr, no Europe recovery disclosed (= MISS)
  • Guided double-digit growth (Q1 self-admitted miss) → Q2 revenue +3% YoY (= MISS)
Source

Earnings Call Transcript filed with NSE, NSE: MALLCOM. Summary written with AI assistance from the document.

Read the document ↗

Mallcom (India) Ltd: key numbers

Share price
₹875.00
Market cap
₹546.0 Cr
Revenue (annual)
₹539.6 Cr
Net profit (annual)
₹30.04 Cr
P/E (TTM)
17.8×Sector 47.6×
Promoter holding
74.15%+0.47% QoQ
FII holding
0.00%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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