Control Print Limited has released its third quarter consolidated financial results, presenting a mixed performance characterized by revenue expansion alongside reduced profitability. The company's latest quarterly numbers reflect contrasting trends in its top-line and bottom-line performance.

Financial Performance Overview

The company's Q3 consolidated results demonstrate divergent trends across key financial metrics:

Revenue Growth Momentum

Control Print achieved notable revenue expansion during the quarter, with consolidated revenue reaching ₹1.2 billion compared to ₹1 billion in the same quarter of the previous year. This 20% year-on-year growth in the top line indicates the company's ability to expand its business operations and market reach during the reporting period.

Profitability Challenges

Despite the positive revenue trajectory, the company faced profitability headwinds during Q3. Consolidated net profit declined to ₹53 million from ₹83 million recorded in the corresponding quarter of the previous year. This represents a significant 36.14% decrease in bottom-line performance, suggesting potential margin pressures or increased operational costs during the quarter.

Performance Analysis

The contrasting performance between revenue growth and profit decline indicates that while Control Print successfully expanded its business volume, it experienced challenges in maintaining profitability levels. The revenue increase of 20% was insufficient to offset the factors that contributed to the substantial decline in net profit margins during the reporting period.

Control Print Limited , a leading player in the coding and marking industry, has reported strong financial results for the second quarter of fiscal year 2026, with a notable improvement in profitability.

Key Financial Highlights

• H1 FY26 standalone revenue reached ₹202.00 crores
• Achieved a record EBITDA margin of 28% in Q2 FY26
• Coding and marking business contributes 89% of revenue
• Company expects to cross ₹100.00 crores in standalone profit before tax for FY26

Business Performance

Control Print's core coding and marking business continues to be the primary revenue driver, accounting for 89% of the company's total revenue. The business has shown steady growth, with top-performing verticals including pipes, food, healthcare, dairy, steel and metal, and cable and wire industries.

Shiva Kabra, Joint Managing Director of Control Print, stated, "We should comfortably cross ₹100.00 crores stand-alone P&L in my opinion, like I'm talking about profit before exceptional items and tax, the profit before tax rather. We should cross ₹100.00 crores quite comfortably in our opinion this year in stand-alone business in India."

Revenue Breakdown

For Q2 FY26, the revenue breakdown in the coding and marking business was as follows:

Growth Outlook

The company aims to grow faster than the market, which is estimated to be expanding at 10-11% annually. Control Print is targeting a growth rate of around 15% for its coding and marking business.

International Operations

The company's Italian subsidiary, which includes the V-Shapes packaging business, continues to face challenges. Management expects losses from Italian operations to be between EUR 1.00-1.20 million for the current fiscal year, down from EUR 2.50 million in the previous year. The company anticipates reaching breakeven in its overseas operations by the next financial year.

New Initiatives

Control Print is focusing on two significant projects in the Track and Trace division, working with two of the top five pharmaceutical companies in India. These projects, if successful, may provide significant traction across the pharmaceutical industry.

The company is also developing recyclable packaging materials for its V-Shapes business, which may help reduce costs and improve adoption in European markets.

Jaideep Barve, Chief Financial Officer, commented on the company's performance, saying, "We are definitely keeping a track on not just the procurement costs, but we're also keeping a track on the selling and general and administrative costs. So that's the reason why we have an increase in the margin."

As Control Print continues to innovate and expand its offerings, the company remains optimistic about its growth prospects in both domestic and international markets.