Flair Writing Industries Reports Strong Q3FY26 Performance, Hosts Investor Call
Flair Writing Industries delivered exceptional Q3FY26 performance with consolidated revenue of ₹31,769.85 lakhs (20.1% growth) and net profit of ₹3,314.04 lakhs (13.2% growth). The company declared interim dividend of ₹0.50 per share and conducted investor call on January 30, 2026, where management highlighted strong momentum in Creative segment (68.7% growth) and Steel Bottles segment (116.2% growth), expressing confidence in surpassing 15% CAGR guidance with strategic expansion initiatives underway.

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Flair Writing Industries Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, showcasing robust performance across key financial metrics. The Board of Directors, in their meeting held on January 29, 2026, approved the quarterly results and declared an interim dividend for shareholders. Following the results announcement, the company conducted an investor call on January 30, 2026, providing detailed insights into its performance and strategic initiatives.
Consolidated Financial Performance
The company delivered strong consolidated financial results for Q3FY26, demonstrating significant year-over-year growth across revenue and profitability metrics.
| Metric | Q3FY26 | Q3FY25 | Nine Months FY26 | Nine Months FY25 |
|---|---|---|---|---|
| Revenue from Operations | ₹31,769.85 lakhs | ₹26,454.77 lakhs | ₹92,715.63 lakhs | ₹78,181.52 lakhs |
| Total Income | ₹32,081.90 lakhs | ₹27,107.19 lakhs | ₹94,208.16 lakhs | ₹79,838.61 lakhs |
| Net Profit After Tax | ₹3,314.04 lakhs | ₹2,926.88 lakhs | ₹10,482.16 lakhs | ₹8,824.49 lakhs |
| Basic EPS | ₹3.11 | ₹2.78 | ₹9.87 | ₹8.42 |
The consolidated revenue from operations increased substantially to ₹31,769.85 lakhs in Q3FY26 from ₹26,454.77 lakhs in the corresponding quarter of the previous year. For the nine-month period, consolidated revenue reached ₹92,715.63 lakhs compared to ₹78,181.52 lakhs in the previous year, reflecting strong business momentum.
Management Commentary on Performance
During the investor call, Managing Director Vimalchand Rathod highlighted the company's exceptional performance, stating that Q3FY26 was marked by robust 20.1% year-on-year revenue growth, 25.7% increase in EBITDA, and 13.2% increase in PAT. The management emphasized that their revenue growth has consistently surpassed the stated guidance of delivering a 15% CAGR, reflecting sustained momentum across business segments.
| Performance Metrics | Q3FY26 Details |
|---|---|
| Revenue Growth | 20.1% year-on-year |
| EBITDA Growth | 25.7% year-on-year |
| EBITDA Margin | 17.9% (up 80 bps) |
| PAT Growth | 13.2% year-on-year |
| PAT Margin | 10.4% |
CFO Alpesh Porwal noted that EBITDA for the quarter was ₹56.9 crores, with margins improving due to operating leverage benefits from various business transformation initiatives, including increased automation and deeper distribution relationships.
Segment-wise Business Performance
The company's diversified portfolio showed strong performance across all segments, with Creative and Steel Bottle segments leading growth.
Pens Segment
| Parameter | Q3FY26 | Nine Months FY26 |
|---|---|---|
| Revenue Growth | 7.3% year-on-year | 4.7% year-on-year |
| Volume Growth | 6% | 3% |
| Own Brand Volume Growth | 18% | 11% |
| Average Realization | ₹5.40 per piece | Stable |
Creative Segment
| Metrics | Q3FY26 | Nine Months FY26 |
|---|---|---|
| Primary Sales | ₹77.00 crores | ₹211.00 crores |
| Growth Rate | 68.7% year-on-year | 71.8% year-on-year |
| Product Portfolio | 240 offerings | 18 categories |
| New Products Launched | 28 in Q3 | Ongoing expansion |
Steel Bottles & Houseware
| Details | Q3FY26 | Nine Months FY26 |
|---|---|---|
| Primary Sales | ₹25.00 crores | ₹64.00 crores |
| Growth Rate | 116.2% year-on-year | 102.2% year-on-year |
| Product Range | 50+ SKUs | Continuous expansion |
Interim Dividend Declaration
The Board of Directors declared an interim dividend of ₹0.50 per equity share of face value ₹5 each for the financial year 2025-26, representing 10% of the face value.
| Dividend Details | Specification |
|---|---|
| Interim Dividend | ₹0.50 per share |
| Face Value | ₹5 per share |
| Record Date | February 4, 2026 |
| Percentage of Face Value | 10% |
Strategic Initiatives and Expansion Plans
During the investor call, management outlined several strategic initiatives driving growth. The company's in-house manufacturing share has risen to 75%, enhancing operating efficiency and quality control. The new Valsad facility is slated to become partially operational in Q4, further strengthening manufacturing capacity.
| Expansion Details | Status |
|---|---|
| Valsad Unit | Partial operations in Q4 |
| Flomaxe CAPEX | ₹9.60 crores invested |
| New Building Construction | ₹8.28 crores, completion in Q1 FY27 |
| In-house Manufacturing | 75% current, targeting 80%+ |
The company also highlighted strategic partnerships, including licensing agreements with Disney for character-based products and distribution alliance with Maped France for premium Creative products.
Export Performance and Market Recognition
The company demonstrated strong export performance with overall export growth of 26.5% in Q3FY26. Export own brand sales grew by 29.9%, while OEM exports increased by 22.4%. The company was honored with the "Export Excellence Award '23-'25" at the PLEXCONCIL Platinum Jubilee Celebration, reinforcing its leadership as a key exporter of writing instruments and stationery from India.
| Export Metrics | Performance |
|---|---|
| Overall Export Growth | 26.5% in Q3FY26 |
| Export Own Brand Growth | 29.9% in Q3FY26 |
| Nine Months Export Sales | ₹155.75 crores (26.1% growth) |
| Key Markets | US, UAE, Switzerland, Japan, South America |
Future Outlook
Management expressed confidence in surpassing their 15% CAGR guidance for FY26 and maintaining higher growth trajectory over the next two years. The company expects to benefit from new facility commissioning, expanded product portfolio, and strategic partnerships. With high growth visibility and strong fundamentals across diversified segments, Flair Writing Industries is well-positioned to deliver sustained long-term growth and maintain industry leadership.
Historical Stock Returns for Flair Writing Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.74% | -2.26% | +2.14% | +2.82% | +44.01% | -30.12% |


































