| Revenue growth | Q2 +22.1% YoY, +23.2% QoQ |
|---|---|
| Margins | EBITDA margin 18.20%: down 269 bps YoY, 42 bps QoQ |
| Demand visibility | Festive/wedding demand targeted in Q3; industry value growth double-digit |
| Management confidence | Positive; 'strong performance' in competitive market |
Growth
H1 revenue rose 18.3% to ₹290.21 Cr; H1 PAT rose 13.1% to ₹36.53 Cr. Q2 EBITDA excl. OI rose 6.4% YoY.
Outlook
Management aims to grow ahead of industry in H2; margins expected to improve gradually as price increases flow through. No numeric guidance given.
Risks
Crude-linked input cost inflation (Brent ~$70 to ~$97), margin compression, West Asia supply disruption, highly competitive environment.
Last quarter's promises, checked
Partly delivered
- ~10% price hikes to offset RM inflation → calibrated hikes, margin 18.20% down 269 bps YoY (= PARTIAL)
Missed
- EBITDA margin 19-21% → 18.20% (= MISS)
- Revenue growth 25-30% → H1 +18.3%, Q2 +22.1% (= MISS)
- UV tech localisation on track for Q1 → 'to follow' (= MISS)
Investor Presentation filed with NSE, NSE: SIRCA. Summary written with AI assistance from the document.
Sirca Paints India Ltd: key numbers
- Share price
- ₹408.00
- Market cap
- ₹2,317 Cr
- Revenue (annual)
- ₹492.5 Cr
- Net profit (annual)
- ₹65.02 Cr
- P/E (TTM)
- 34.6×Sector 44.4×
- Promoter holding
- 65.19%+0.00% QoQ
- FII holding
- 4.64%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Sirca Paints India Ltd
All →Sirca Paints India Merger & Restructuring Worth ₹20.67 Cr
Sirca Paints India sold a plot to M/s Dawer Propack Private Limited for Rs. 20.67 Crore in cash, with completion expected by 30-11-2026. The buyer is unrelated to the promoters and the sale is not part of a scheme of arrangement.
- Value
- ₹20.67 Cr
Sirca Paints India Other Announcement
Sirca Paints confirmed no deviation in use of preferential issue proceeds for the quarter ended September 2026. Utilisation is itemised against original allocations.
Sirca Paints India Q2 FY27 Results: Net Profit ₹20.3 Cr, Up 12.2% YoY
Sirca Paints India Ltd reported revenue from operations of ₹160.2 Cr (+22.1% YoY) and net profit of ₹20.3 Cr (+12.2% YoY) for Q2 FY27.
- Key figure
- Net profit ₹20.3 Cr · +12.2% YoY
Sirca Paints India Board Meeting Date
Sirca Paints India has intimated a board meeting on 06 November 2026 to consider unaudited standalone and consolidated results for the quarter and half year ended September 2026. The trading window stays closed until results are declared.
Sirca Paints India Other Announcement
The company submitted its quarterly shareholding pattern for the period ended September 30, 2026. This disclosure is a routine regulatory compliance filing.
Sirca Paints India Results Correction
Sirca Paints India Limited replied to NSE remarks regarding its June 2026 financial results, clarifying its subsidiary's inactivity and addressing the machine-readable filing format.