Euro Pratik Q3FY26 Earnings Call: Management Targets 25% Q4 Growth Despite North India Headwinds
Euro Pratik Sales Limited conducted its Q3FY26 earnings call on February 9, 2026, reporting consolidated revenue growth of 7% to ₹80.40 crore and PAT growth of 17% to ₹23.60 crore. Despite North India construction restrictions impacting sales, management expressed confidence in achieving 25% Q4 growth driven by recovery of postponed sales and URO Veneer World acquisition contribution.

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Euro Pratik Sales Limited conducted its Q3FY26 earnings conference call on February 9, 2026, where management discussed quarterly performance, strategic initiatives, and provided forward-looking guidance. The call was moderated by MUFG Intime India Private Limited and featured key executives including Chairman & Managing Director Pratik Singhvi, Executive Director & CFO Jai Singhvi, and Finance Controller Alpesh Sangoi.
Q3FY26 Financial Performance
The company reported consolidated revenue from operations of ₹80.40 crore for Q3FY26 compared to ₹75.10 crore in Q3FY25, reflecting 7.00% year-on-year growth. Operating EBITDA reached ₹34.60 crore with a margin of 43.10%, up from ₹27.40 crore in the corresponding quarter, marking 26% growth driven by operating leverage.
| Consolidated Metrics | Q3FY26 | Q3FY25 | YoY Growth |
|---|---|---|---|
| Revenue from Operations | ₹80.40 crore | ₹75.10 crore | +7.00% |
| Operating EBITDA | ₹34.60 crore | ₹27.40 crore | +26.00% |
| EBITDA Margin | 43.10% | 36.50% | +660 bps |
| Profit After Tax | ₹23.60 crore | ₹20.20 crore | +17.00% |
| PAT Margin | 29.40% | - | - |
Regional Performance and North India Impact
Management highlighted that construction restrictions due to pollution controls in North India significantly impacted Q3FY26 performance. North India sales contributed 22.40% in Q3FY26, while South India sales grew to 42.20%. The company estimates that 8-10% of expected North India sales were postponed due to GRAP 4 restrictions, which have since been lifted.
Nine-Month Performance and Strategic Outlook
For the nine months ended December 31, 2025, consolidated revenue reached ₹241.50 crore versus ₹211.30 crore in the corresponding period, reflecting 14.30% growth. EBITDA for nine months stood at ₹87.50 crore with a margin of 36.20%, while PAT was ₹55.60 crore with a margin of 23.00%.
| Nine-Month Metrics | 9M FY26 | 9M FY25 | YoY Growth |
|---|---|---|---|
| Revenue from Operations | ₹241.50 crore | ₹211.30 crore | +14.30% |
| EBITDA | ₹87.50 crore | - | - |
| EBITDA Margin | 36.20% | - | - |
| Profit After Tax | ₹55.60 crore | - | - |
| PAT Margin | 23.00% | - | - |
Management Guidance and Strategic Initiatives
Chairman Pratik Singhvi expressed confidence in achieving 25% minimum growth in Q4FY26 on a year-on-year basis, supported by the recovery of postponed North India sales and contribution from the URO Veneer World acquisition. The company maintains its target EBITDA margin of around 40% plus or minus 2-3%.
Management emphasized the company's asset-light model with 36+ contract manufacturers across multiple geographies and a distribution network spanning 188 distributors in India and 2 in Nepal across 138 cities. The company continues to focus on its fast fashion approach with over 1,000 new designs launched annually and 113 catalogs released over the past four years.
Acquisition Strategy and Future Plans
The company highlighted its recent acquisition of 51% stake in URO Veneer World for ₹76.50 crore, which provides forward integration opportunities and access to South India's B2C retail segment. Management indicated ongoing discussions for additional acquisitions in the premium interior segment, with plans to launch a new joint venture, Hues Ply Decor, in Hyderabad with an initial investment of ₹2 crore.































