Read the quarter in context.
A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
ConCallIQ research layer
Signal, with the source still visible.
Use the controls below to narrow the view, then follow the evidence into the next layer of context.
Revenue
₹134 Cr
verified against source
Revenue YoY
33.07%
reported change
EBITDA
₹25.74 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Sirca Paints delivered a strong Q4 FY26 with revenue of ₹134.29 Cr (+33% YoY) and EBITDA of ₹25.74 Cr (+35.6% YoY), driven by premium wood coating demand, deeper distribution, and the Wembley acquisition. EBITDA margin expanded 37 bps to 19.17%, while PAT grew 25% YoY to ₹17.71 Cr. Management guided for 25-30% revenue growth in FY27 and EBITDA margins of 19-21%, supported by price hikes of ~10% and localization of acrylic production. Exports under Wembley Valentino are expected to start in Q1 FY27. Key risk: raw material volatility and NC cotton shortage could pressure near-term margins.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects 25-30% CAGR growth driven by distribution expansion, Wembley scaling, and new product launches.
- EBITDA margin expected to remain in 19-21% range despite RM volatility, supported by price hikes and localization.
- Wembley brand expected to grow ~40% from ₹74 Cr base, driven by distribution synergies and new PU products.
- Minimal capex planned for enhancing acrylic production; major capex completed in FY26.
Risks flagged
- Crude-linked solvents and resins are highly volatile; management has taken price hikes but near-term margin pressure may persist.
- Shortage of nitrocellulose cotton from supplier Nitrix caused ~₹4-5 Cr revenue loss in March; expected to resolve by June 2026.
- Inventory and receivables elevated due to Wembley transition and import stocking; management expects improvement from Q1 FY27.
- Logistics issues due to Middle East tensions delaying export shipments; exports may not reach 5% contribution as targeted.
Key quotes
- We have moved from a trading to a manufacturing company and this has been done with India becoming a manufacturing hub.
- Our vision is clear to build India's most aspirational quoting platform anchored in stronger manufacturing, a multibrand portfolio spanning mass to super luxury.
- We are looking at a growth of almost 25 to 30% based on CAGR growth.
Research modules