Cello World has fixed Friday, July 31, 2026, as the record date to determine member entitlement for the final dividend for the financial year ended March 31, 2026. The dividend will be paid subject to the approval of shareholders at the Annual General Meeting and is subject to the deduction of tax at source as applicable.

The payment of the final dividend is scheduled to be made on or after August 12, 2026. This entitlement applies to those persons or their mandates whose names appear as Beneficial Owners at the end of business hours on July 31, 2026, in the list of Beneficial Owners furnished by National Securities Depository Limited and Central Depository Services (India) Limited.

The announcement was made pursuant to Section 91 of the Companies Act 2013 and Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Dates for Dividend Payout

Cello World Limited reported a 9.1% decline in consolidated profit after tax to ₹331.5 crore for the financial year ended March 31, 2026, compared to ₹364.6 crore in the previous year. Revenue from operations for FY26 rose 8.8% to ₹2,323.7 crore from ₹2,136.4 crore in FY25. The Board of Directors recommended a final dividend of ₹1.50 per equity share for FY26, subject to shareholder approval. The company recorded its highest-ever quarterly revenue in Q4FY26 at ₹653.6 crore, an 11% increase year-on-year.

Commenting on the results, Pradeep Rathod, Chairman & Managing Director, noted that FY26 was marked by evolving market conditions and softer demand, particularly in certain consumerware categories. He highlighted that revenue growth was led by the Writing Instruments segment, which includes additional revenues from the Cello stationery brand, revival of the exports business, and contribution from new premium product launches. On the consumerware side, performance in the Hydration segment remained slower, while Glassware and Opalware categories witnessed steady performance.

The Composite Scheme of Arrangement amongst Wim Plast Limited, Cello Consumer Products Private Limited, and Cello World Limited became effective on May 27, 2026, with the appointed date set as April 1, 2025. Consequently, the authorised share capital of the company stands increased to ₹140 crore. The statutory auditors, Deloitte Haskins & Sells LLP, issued an unmodified opinion on the financial results. Comparatives have been restated to give effect to the scheme from the beginning of the previous year.

Analyst View

Investec has maintained a Sell rating on Cello World while reducing its target price to ₹435 from the earlier target of ₹515. The brokerage cited continued earnings downgrade risk stemming from rising competition in the Opalware segment, import pressure in Glassware, and receivables rationalisation impacting both growth and margins. Investec also flagged sharply lower PAT estimates and a reduced valuation multiple as key factors behind the revised target.

Financial Highlights

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

Q4 Performance

On a quarterly basis, Cello World's performance reflected continued margin pressure. The following table presents the key Q4 metrics:

While Q4FY26 marked the company's highest-ever quarterly revenue, profitability remained under pressure, with EBITDA declining from 1.35B rupees to 1.29B rupees year-on-year. The EBITDA margin contracted to 19.73% from 22.96% in the same period last year. Net profit for the quarter stood at 901M rupees compared to 961M rupees in Q4FY25. For the full year, EBITDA margins stood at 22.7%, down from 26% in the prior year.

Segment Performance

Revenue growth was led by the Writing Instruments segment, which surged 63.6% in Q4FY26 and 19.4% in FY26 to ₹368.7 crore. The Consumer Ware segment grew 10% to ₹1,606 crore for the full year. However, the Moulded Furniture and Allied Products segment reported a decline of 5% in FY26 revenue to ₹349 crore.