Control Print Limited has disclosed the transcript of its earnings conference call held on May 21, 2026, to discuss the financial performance for the fourth quarter and fiscal year ended March 31, 2026. The company reported a consolidated total revenue of INR 484 crore for FY26, compared to INR 431 crore in the previous year. On a standalone basis, total revenue for the fourth quarter was approximately INR 138 crore, a growth from INR 114 crore in the corresponding quarter of the previous year. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The company’s operating revenue on a consolidated basis stood at INR 482 crore for FY26, up from INR 425 crore in FY25. On a standalone basis, operating revenue for the full year was INR 446 crore, compared to INR 385 crore in the previous year. Management highlighted that coding and marking remains the primary profit centre, with steady growth observed in verticals such as pipes, food, dairy, cable and wire, FMCG, steel, metal, and wood. The company maintains its market leadership position in cement, plywood, sugar, and dairy sectors.

Operational Expenses

On a consolidated basis, the cost of goods sold was approximately 40% of operating revenue, an improvement from 42% in the previous year. Employee costs increased to 23% of revenue in FY26 from 21% in FY25, attributed partly to the implementation of the new wage code and provisions for leave encashment and gratuity. Other expenses remained stable at around 16% of revenue. On a standalone basis, the cost of goods sold was 41% of operating revenue, while employee costs rose to 19% from 18% in the prior year.

Strategic Outlook

Management outlined its strategy to consolidate the coding and marking business by increasing the install base and providing robust solutions, noting that a price surcharge had been implemented to counteract input cost increases. The company is focusing on developing new solutions in the Track and Trace segment and increasing revenue from printer sales, co-packing, and laminates in the packaging division. The Mask Lab is now operating as a PPE and safety division, trading in items such as hardhats, suits, and gloves.

Subsidiary Performance and Investments

Addressing concerns regarding international acquisitions, management clarified that losses are primarily concentrated in the packaging division abroad, specifically CP Italy (V-Shapes). The company is investing in intellectual property and technology, with the CP Italy unit incurring R&D expenses of approximately EUR 100,000 per month. Management indicated that the Track and Trace division is approaching breakeven and is conducting pilots with major pharmaceutical companies. The company sold 3,064 printers during FY26.

Control Print has announced its audited financial results for the financial year ended March 31, 2026. The company reported its highest-ever Q4 revenue of ₹1,341.6 million, marking a 21.9% increase year-over-year. For the full year, revenue from operations reached ₹4.46B, compared to ₹3.85B in the previous year. Profit for the period stood at ₹803.1M, down from ₹1.19B in the prior year, which included a deferred tax gain.

Financial Performance

The table below summarises the company's standalone financial performance for the year ended March 31, 2026:

The decline in net profit for the current year is attributed to the absence of the deferred tax income recognized in the previous year. In the prior financial year, the company recognized a MAT credit entitlement of ₹4.96B as deferred tax income, a one-time occurrence that is not present in the current year's results.

Dividend Declaration

The Board has recommended a final dividend of ₹6 per equity share, equivalent to 60% of the face value of ₹10 each. This dividend is subject to the approval of members at the ensuing Annual General Meeting. Additionally, the company had declared and paid an interim dividend of ₹4 per share in February 2026. Consequently, the total dividend for the financial year amounts to ₹10 per share, representing 100% of the face value.

Segment and Operational Details

The company operates a single reportable segment, Coding & Marking Applications. During the year, Control Print recognized a capital investment subsidy of ₹3.99M from the Government of Himachal Pradesh, classified as exceptional income. The company also recognized a provision of ₹1.50M towards incremental liability following the notification of new Labour Codes.

The investor presentation highlighted that the installed base of printers has grown above 23,000 units, aiding continued growth in consumable sales. Revenue growth was supported by a price increase implemented in October 2025. EBITDA for Q4 FY26 grew by 24.9% YoY, led by the sale of higher-value printers and growing consumable sales.

Investor Conference Call

Control Print Limited conducted an Analyst/Investors Conference Call for Q4FY2026 on Thursday, May 21, 2026. The audio recording of the call has been made available on the company's website at https://controlprint.com/investors/investor-presentation/ .