Kaka Industries Limited reported a 46% year-on-year increase in net profit after tax (PAT) to ₹187.7 crore for the financial year ended March 31, 2026. Revenue from operations expanded by 33.1% to ₹2,632.3 crore, supported by the full commissioning of its integrated Lasundra manufacturing facility.

The Ahmedabad-based building materials manufacturer delivered its strongest financial performance to date, with earnings per share (EPS) rising to ₹13.74 from ₹9.42 in the previous year. The company did not declare a dividend, opting to conserve funds for future expansion.

Financial Performance

Revenue growth was accompanied by improved profitability metrics. EBITDA grew by 36.5% to ₹359.9 crore, expanding the EBITDA margin by 34 basis points to 13.6%. Profit before tax (PBT) increased by 42.3% to ₹249.0 crore.

The five-year compound annual growth rate (CAGR) for net sales stands at 22%, while EBITDA and PAT have compounded at 38% and 39% respectively over the same period, reflecting operating leverage built into the business model.

Operational Developments

The full integration of the Lasundra plant in Kheda District, Gujarat, marked a significant structural improvement in manufacturing efficiency during FY26. This facility brings compounding, extrusion, and finishing under one roof, reducing wastage and strengthening control over raw material costs.

Additionally, the company commissioned a 7.5 MW captive solar power plant in mid-June 2026. Expected to save approximately ₹35-40 lakh per month in power costs, the initiative is projected to provide a recurring tailwind to EBITDA margins starting in FY27.

Balance Sheet Strength

Total equity strengthened to ₹831.1 crore from ₹643.4 crore in the previous year. Cash and cash equivalents improved substantially to ₹87.7 crore from ₹21.4 crore, even as the company funded growth capital expenditure. Property, plant, and equipment grew to ₹782.7 crore, while capital work-in-progress rose to ₹260.7 crore.

What the Numbers Show

While revenue grew at a healthy pace of 33%, the faster growth in EBITDA (36.5%) and PAT (46%) indicates successful operating leverage. The divergence between revenue growth and profit growth suggests that the integrated Lasundra operations are effectively lowering unit costs, allowing margins to expand despite volatility in PVC resin prices.

Corporate Governance

Mrs. Prabhaben Rajeshbhai Gondaliya retires by rotation at the upcoming annual general meeting and offers herself for re-appointment. The Board also appointed Mr. Ishan Jayminbhai Parikh as an independent director effective November 26, 2025, replacing Mr. Rajiv Navinchandra Vyas who resigned on the same date.

Kaka Industries Ltd has authorised its Key Managerial Personnel (KMPs) to determine the materiality of events or information for disclosure to stock exchanges. This decision was made in compliance with Regulation 30(5) of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, ensuring timely and accurate reporting of material events.

The authorisation empowers specific senior executives to assess the significance of corporate developments. This mechanism is critical for maintaining transparency with shareholders and regulatory bodies, as it dictates which information must be disclosed to the exchanges.

The following executives have been designated to determine materiality:

The disclosure was submitted to BSE Limited on July 17, 2026. The company’s scrip code on the exchange is 543939.