Sirca Paints India Limited's Board of Directors, at its meeting held on May 07, 2026, approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statutory audit was conducted by M/s Rajesh Kukreja & Associates, Chartered Accountants, who issued an unmodified opinion on both the standalone and consolidated annual audited financial results. Subsequently, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has uploaded the audio recording of the investor earnings conference call held on May 15, 2026, post the announcement of its financial results for the quarter and financial year ended March 31, 2026, on its official website.

Standalone Financial Performance

Sirca Paints India delivered a strong standalone performance for FY26, with revenue from operations rising significantly year-on-year. Total income on a standalone basis reached ₹49,635.03 lakh for the year ended March 31, 2026, compared to ₹37,884.24 lakh in the previous year. Profit after tax for the full year stood at ₹6,505.33 lakh, up from ₹4,910.41 lakh in FY25. The following table presents the key standalone financial metrics:

For the quarter ended March 31, 2026, standalone revenue from operations was ₹13,429.16 lakh, compared to ₹10,092.48 lakh in the corresponding quarter of the previous year. Standalone profit after tax for Q4 FY26 was ₹1,771.28 lakh, against ₹1,415.59 lakh in Q4 FY25.

Consolidated Financial Performance

On a consolidated basis, which includes wholly owned subsidiary Sirca Industries Ltd, the company reported total income of ₹49,635.03 lakh for the year ended March 31, 2026, compared to ₹37,884.24 lakh in the prior year. Consolidated profit after tax for FY26 stood at ₹6,501.84 lakh, up from ₹4,905.67 lakh in FY25. The key consolidated financial highlights are presented below:

Balance Sheet Highlights

The standalone balance sheet as at March 31, 2026 reflects total assets of ₹58,903.44 lakh, compared to ₹45,069.92 lakh as at March 31, 2025. Total equity on a standalone basis stood at ₹47,523.26 lakh as at March 31, 2026, against ₹34,964.87 lakh in the prior year. On a consolidated basis, total assets were ₹58,893.44 lakh as at March 31, 2026, compared to ₹45,061.94 lakh as at March 31, 2025, while total consolidated equity was ₹47,511.59 lakh.

Cash Flow Summary

The standalone cash flow statement for the year ended March 31, 2026 shows net cash from operating activities of ₹4,445.36 lakh, compared to ₹5,426.98 lakh in the prior year. Net cash used in investing activities was ₹(6,974.55) lakh, while net cash from financing activities was ₹3,883.35 lakh, which included proceeds from the issue of equity shares (net of transaction cost) of ₹6,926.94 lakh. Standalone cash and cash equivalents stood at ₹5,678.32 lakh as at March 31, 2026, up from ₹4,324.16 lakh as at April 1, 2025.

Dividend Recommendation

The Board of Directors, at its meeting held on May 07, 2026, recommended a final dividend of ₹2 per equity share (face value of ₹10 each), representing 20%, for the financial year ended March 31, 2026. The dividend is subject to the approval of shareholders at the ensuing 21st Annual General Meeting. The date of the AGM, the record date for determining shareholder eligibility, and the date of payment will be intimated separately.

Investor Earnings Call Recording

In compliance with SEBI LODR Regulations, 2015, the audio recording of the investor earnings conference call held on May 15, 2026 has been uploaded on the company's official website. The recording pertains to the discussion on financial results for the quarter and financial year ended March 31, 2026. The disclosure was made by Hira Kumar, Company Secretary & Compliance Officer of Sirca Paints India Limited.

The company operates in a single segment comprising the manufacturing and repackaging of wood, wall paints, and related products. The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on May 7, 2026.

Sirca Paints India Limited has released its audited financial results for the fiscal year ended March 31, 2026, alongside an earnings presentation for Q4 & FY26 filed under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The Board of Directors, at its meeting held on May 07, 2026, approved the standalone and consolidated financial results and recommended a final dividend for FY26. The results were audited by M/s Rajesh Kukreja & Associates, Chartered Accountants, and reviewed by the Audit Committee prior to board approval. Subsequently, on May 09, 2026, the company published newspaper advertisements pertaining to the financial results in English and Hindi newspapers, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The advertisement was submitted to the stock exchanges by Company Secretary & Compliance Officer Hira Kumar.

Financial Performance Overview

For the year ended March 31, 2026, Sirca Paints reported standalone total income of ₹49,635.03 lakh, a notable increase from ₹37,884.24 lakh in the previous year. Revenue from operations stood at ₹49,248.41 lakh, compared to ₹37,367.93 lakh in the prior year. The company's standalone profit after tax grew 32.48% to ₹6,505.33 lakh, up from ₹4,910.41 lakh in the corresponding period. On a consolidated basis, total income for the year was ₹49,635.03 lakh, with revenue from operations at ₹49,248.41 lakh, and consolidated profit after tax at ₹6,501.84 lakh, compared to ₹4,905.67 lakh previously.

The following table summarizes the key standalone financial results for the year and quarter ended March 31, 2026:

Q4 FY26 Quarterly Performance

For Q4 FY26, Sirca Paints delivered resilient growth with revenue from operations rising 33.07% year-on-year to ₹134.29 crore, while PAT grew 25.07% to ₹17.71 crore. EBITDA (excluding other income) expanded 35.69% year-on-year to ₹25.74 crore, with an EBITDA margin of 19.17%. The quarterly performance is summarized below:

Expense Breakdown

On a standalone basis for the year ended March 31, 2026, cost of material consumed was ₹20,033.68 lakh, while purchase of stock-in-trade stood at ₹5,590.67 lakh. Employee benefits expenses were ₹5,139.77 lakh, depreciation and amortisation expenses amounted to ₹1,074.25 lakh, finance costs were ₹489.46 lakh, and other expenses totalled ₹7,548.94 lakh. The change in inventories of stock-in-trade was ₹1,046.59 lakh.

Consolidated Financial Highlights

The consolidated results for the year ended March 31, 2026 closely mirror the standalone performance, given that the group includes Sirca Paints India Limited and its wholly owned subsidiary, Sirca Industries Ltd. Consolidated profit before tax for the year was ₹8,707.01 lakh against ₹6,547.60 lakh in the prior year. The consolidated basic and diluted EPS for the year stood at ₹11.63, compared to ₹8.95 previously.

Assets and Liabilities

As of March 31, 2026, the standalone total assets stood at ₹58,903.44 lakh, up from ₹45,069.92 lakh in the previous year. Total equity increased significantly to ₹47,523.26 lakh from ₹34,964.87 lakh, supported by equity share capital of ₹5,679.28 lakh and other equity of ₹41,843.98 lakh. On the consolidated basis, total assets were ₹58,893.44 lakh and total equity was ₹47,511.59 lakh as at March 31, 2026.

Cash Flow Summary

For the year ended March 31, 2026, the standalone net cash from operating activities was ₹4,445.36 lakh, compared to ₹5,426.98 lakh in the prior year. Net cash used in investing activities was ₹(6,974.55) lakh, primarily on account of purchase of fixed assets of ₹(2,781.38) lakh and investments of ₹(5,529.30) lakh. Cash flow from financing activities was ₹3,883.35 lakh, supported by proceeds from issue of equity shares of ₹6,926.94 lakh, partially offset by repayment of borrowings of ₹(1,732.00) lakh and dividend paid of ₹(822.13) lakh. Standalone cash and cash equivalents stood at ₹5,678.32 lakh as at March 31, 2026, up from ₹4,324.16 lakh at the start of the year.

Dividend Declaration

The Board of Directors has recommended a final dividend of 20%, equivalent to ₹2 per equity share of face value ₹10 each, for the financial year ended March 31, 2026. This recommendation is subject to shareholder approval at the ensuing 21st Annual General Meeting. The record date for determining shareholder eligibility and the date of payment will be intimated separately.

Management Commentary and Strategic Priorities

Management described FY26 as a transformational year, noting that Sirca Paints outperformed a subdued paints industry through its differentiated portfolio, premium positioning, and deeper market penetration. The new dedicated Wembley manufacturing facility is fully operational, consolidating multiple production lines into one integrated setup and improving efficiency, quality consistency, supply-chain agility, and cost economics. The Wembley acquisition, announced on March 21, 2025, integrates the full range of Wembley products — including thinners, wall paints, enamels, NC (nitrocellulose), melamine, and other coatings — and is expected to strengthen Sirca Paints' position in mass and mid-premium wood coatings with strong cross-distribution synergies.

On the product and technology front, acrylic and polyester formula transfers have been completed with commercial trials underway, and production is expected to commence in Q1 FY27. Formula transfer for selected UV technology products is also progressing as planned and is expected to complete within Q1. Management highlighted that despite geopolitical, currency, and crude-linked raw material volatility, profitability was protected through calibrated pricing, sourcing optimisation, product-mix improvements, and tighter operational controls.

Key strategic priorities going forward include scaling Wembley across India, continued premiumisation across acrylics and decorative textures, strengthening the architect and influencer ecosystem, expanding Tier-2 and Tier-3 distribution through new depots and Sirca Studios, deepening OEM and institutional engagement, and evaluating export market expansion under the Wembley Valentino brand — particularly in polyurethane-based coatings — with exports expected to gradually commence in the coming quarters.

Source: Company/INE792Z01011/25c36284f1c042f2.pdf