Carysil PAT rises 54% in FY26, EBITDA grows 30%

Carysil Limited has reported a 54% increase in profit after tax (PAT) to INR98 crores for the financial year ended March 31, 2026, compared to INR64 crores in the previous year. The company achieved this growth backed by a 14% rise in consolidated total income, which reached INR932 crores from INR820 crores in FY25. EBITDA for the year stood at INR185 crores, reflecting a strong growth of 30%, while EBITDA margins improved to 19.9% from 17.3% in the previous year.

Operational and Financial Highlights

The improvement in profitability was driven by healthy operating leverage, an improved product mix, and a higher contribution from value-added products. For the quarter ended March 31, 2026 (Q4 FY26), consolidated total income stood at INR237 crores, a growth of 16% over INR205 crores in Q4 FY25. EBITDA for the quarter increased by 33% to INR48 crores, with margins expanding by 277 basis points to 20.3%. Profit after tax for the quarter rose 42% to INR27 crores.

Metric	Q4 FY26	Q4 FY25	FY26	FY25
Total Income (INR crores)	237	205	932	820
EBITDA (INR crores)	48	36	185	142
EBITDA Margin (%)	20.3%	17.3%	19.9%	17.3%
PAT (INR crores)	27	19	98	64

Business Performance and Expansion

During FY26, the company maintained operational stability despite inflationary pressures. The Quartz Sink business saw volumes grow by approximately 21%, while the Stainless Steel Sink business value grew by 20%. To support this growth, subsidiary Carysilnox Limited commenced additional manufacturing capacity of 70,000 units per annum, increasing total stainless steel sink capacity to 250,000 units per year. The company is also expanding its presence in built-in appliances and faucets, with pilot manufacturing of hoods and hobs already underway.

Financial Position and Outlook

Gross debt as of March 31, 2026, stood at INR270 crores, against a cash and bank balance of INR59 crores. The company incurred a total capital expenditure of INR68 crores during the year towards plant and machinery, capacity enhancement, and automation. Management has guided for revenue growth between 15% and 20%, with EBITDA margins expected to remain in the range of 18% to 20%.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.11%	+3.05%	+32.09%	+38.54%	+37.58%	+130.63%

Carysil Limited reported a consolidated net profit of ₹98.2 crore for the year ended March 31, 2026, a 54.1% increase from the previous year. Revenue from operations rose 13.6% to ₹931.8 crore, driven by sustained momentum across its product portfolio. The Board of Directors has recommended a final dividend of ₹3 per share, subject to shareholder approval at the ensuing Annual General Meeting.

Financial Performance Overview

For the quarter ended March 31, 2026, the company posted a net profit of ₹27.1 crore on revenue from operations of ₹223.9 crore. Profit before tax for the full year improved to ₹129.9 crore from ₹87.9 crore in FY25. The basic earnings per share (EPS) increased to ₹34.52 from ₹22.43 in the previous year.

The following table summarises the key consolidated financial metrics for the year ended March 31, 2026:

Metric	FY26 (Current)	FY25 (Previous)
Net Profit	₹98.2 Crore	₹63.7 Crore
Revenue from Operations	₹931.8 Crore	₹819.9 Crore
Profit Before Tax	₹129.9 Crore	₹87.9 Crore
Basic EPS	₹34.52	₹22.43

Expansion and Strategic Initiatives

Carysil is expanding its quartz kitchen sink capacity from 1.0 million to 1.25 million units per annum, driven by US retail chain partnerships. This expansion involves an investment of approximately ₹50 crore and is targeted for completion by Q4 FY27. The company reported capacity utilisation at approximately 78% in Q4 FY26.

An additional 70,000 units of stainless-steel sink capacity are expected to be operational by Q1 FY27, with utilisation remaining strong at approximately 99% in Q4 FY26. The company is also implementing Phase-2 of its chimney manufacturing, covering hobs, ovens, microwaves, and food waste disposers, expected to be operational in Q4 FY27, taking total capacity to 100,000 units per annum. Kitchen faucet assembly-cum-manufacturing capacity is being expanded from 50,000 to 100,000 units per annum, with completion expected in Q4 FY27.

Segment Reporting and Dividend Declaration

Carysil operates a single reportable segment, Kitchen & Bath Products, as per the Ind AS on segment reporting. The statutory auditors, M/s Park & Company, have issued an unmodified opinion on the audited standalone and consolidated financial results. The Board of Directors has recommended a final dividend of ₹3 per equity share, representing 150% of the face value of ₹2 each, subject to shareholder approval at the upcoming Annual General Meeting.