North India construction ban impact
Pollution-related construction bans in North India caused a 5-10% sales shortfall in Q3; while lifted, recurrence could affect future quarters.
EUROPRATIK / Q3-FY26 / risks
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Euro Pratik Sales · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
medium
M&A integration and inter-company elimination complexity
Analysts questioned the organic vs. inorganic growth breakdown; management's explanation of inter-company eliminations was unclear, raising concerns about transparency.
Dependence on contract manufacturers
Asset-light model relies on 36+ contract manufacturers; any disruption in quality or supply could impact operations, though management cites multiple suppliers per product.
Fire incident in Q1 FY26
A fire in Q1 FY26 caused a loss of sales, which management acknowledged but did not quantify; recovery may be slower than expected.