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.

Control Print , a leading player in the coding and marking industry, has reported a significant increase in its financial performance for the second quarter of the current fiscal year. The company's consolidated net profit saw a substantial year-over-year growth, rising from 135 million rupees to 186 million rupees, marking a 38% increase.

Financial Highlights

The company's quarterly revenue also showed positive growth, increasing to 1.12 billion rupees from 1.04 billion rupees in the same period last year, representing a 7.70% year-over-year growth.

Analysis

The substantial increase in net profit, outpacing the growth in revenue, suggests that Control Print may have improved its operational efficiency or benefited from cost-cutting measures during the quarter. The company's ability to grow its bottom line at a faster rate than its top line is often seen as a positive indicator of financial health and management effectiveness.

While the specific factors contributing to this growth are not detailed in the available data, the results indicate a strong performance for Control Print in the second quarter. Investors and market analysts may view this as a positive sign for the company's overall financial trajectory.

It's important to note that these results represent a snapshot of the company's performance for a single quarter. Stakeholders would benefit from analyzing longer-term trends and comparing these results with industry benchmarks to gain a more comprehensive understanding of Control Print's financial position and market standing.