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A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
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Revenue
₹142 Cr
verified against source
Revenue YoY
3%
reported change
EBITDA
₹18 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Kriti Industries reported a mixed Q4 FY26 with revenue of INR 142 Cr (+3% YoY) and a sharp EBITDA margin expansion to 12.91% (+1276 bps YoY), driven by inventory gains from falling PVC prices and a low base. PAT turned positive at INR 4 Cr vs a loss of INR 4 Cr last year. Full-year revenue declined 19% to INR 587 Cr due to heavy rains impacting agriculture and building product volumes. Management expects healthy volume growth in FY27 on a low base, with building products as the key growth driver. Capex is on hold pending Q1-Q2 performance. Risks include continued PVC price volatility and competitive intensity in central India.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects healthy volume growth in FY27 due to a low base from FY26's decline.
- No new capex until Q2 FY27 results are assessed; existing capacity sufficient.
- Focus on building products for better margins and sustained volumes; targeting substantial revenue increase.
Risks flagged
- Falling PVC prices led to inventory gains in Q4, but future volatility could impact margins.
- Wars in Iran/Iraq region cause sudden price swings, making demand and margin forecasting difficult.
- All major players are present in the region, pressuring pricing and market share.
- Heavy rains in FY26 hurt volumes; adverse weather could repeat and impact FY27 performance.
Key quotes
- We are very clear that there is a limitation to grow beyond a regional territory if you have a located plant at one location.
- We are targeting a fairly substantial increase this year... building product offers better margins and sustained volume throughout the year.
- We will consolidate our position and fortunately for us this territory where we are we are a leading penion brand and that gives us an advantage.
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