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.

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 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's 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

Sirca paints India Limited has formally notified stock exchanges about its upcoming board meeting scheduled for May 7, 2026, marking the first board meeting of FY 2026-27. The meeting will focus on approving crucial financial results and considering dividend recommendations for the concluded financial year.

Board Meeting Agenda

The board of directors will convene on Thursday, May 7, 2026, to address several key business items:

Trading Window Restrictions

The company has implemented trading window closure measures in accordance with SEBI regulations. The trading window, which closed on April 1, 2026, will remain shut until the declaration of financial results for the quarter and financial year ended March 31, 2026. Trading activities will resume after 48 hours from the conclusion of the board meeting, ensuring compliance with insider trading prevention norms.

Regulatory Compliance

This board meeting intimation has been issued under Regulation 29 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The company has notified both major stock exchanges - NSE and BSE - about the scheduled meeting. Additionally, in compliance with Regulation 46 of SEBI regulations, the information will be made available on the company's official website at www.sircapaints.com .

Corporate Communication

The formal intimation was signed by Hira Kumar, Company Secretary & Compliance Officer, and dated April 25, 2026. This represents standard corporate governance practice for listed companies to maintain transparency with stakeholders and regulatory bodies regarding significant board decisions and financial disclosures.