Jyoti Resins & Adhesives Limited , a key player in the white glue segment, has reported a robust performance for Q2 H1 FY26, with a 20% year-on-year growth in both volume and gross revenue (excluding GST). The company has maintained its EBITDA margins at 27.50% despite extended monsoon disruptions, showcasing its resilience in challenging market conditions.

Expansion Plans and Financial Targets

The company is currently undertaking a significant brownfield capacity expansion, aiming to increase its production capacity by 1,500 tons per month over the next six months. This expansion will boost Jyoti Resins' total capacity from 2,000 tons to 3,500 tons per month, enhancing its ability to meet growing market demand.

Utkarsh Patel, Managing Director of Jyoti Resins, stated, "We are targeting a topline of INR 330-340 crore for the full year FY26." This target aligns with the company's broader goal of reaching INR 500 crore in revenue within the next three years, representing an ambitious growth trajectory.

Marketing and Branding Initiatives

Jyoti Resins plans to increase its marketing spend to 7-8% of revenue, focusing on brand communications and trade marketing. The company has already invested in advertising campaigns featuring brand ambassador Pankaj Tripathi on TV channels and digital platforms like Instagram and Facebook.

Geographic Expansion

The company is actively expanding its presence across India. Utkarsh Patel mentioned, "We are now present in more than 650 counters and in major seven cities of UP. We are also focusing on West Bengal and have developed branches in North India, including Punjab and Haryana."

Jyoti Resins aims to add five to six more states to its network within the next year, including Tamil Nadu, Kerala, Odisha, and Bihar, with the goal of achieving a pan-India presence within three years.

Product Portfolio and Market Focus

The company remains committed to its core white glue product range, which caters to furniture gluing applications. Patel emphasized, "We have the entire range for furniture gluing. We want to stick to this product portfolio for at least four to five years, targeting the INR 7,000 crore market."

Future Outlook

Despite challenges such as the extended monsoon season, Jyoti Resins maintains an optimistic outlook for the upcoming quarters. The company is implementing various strategies, including hiring local talent in new regions, developing CRM systems, and creating new apps for carpenters and trade marketing.

As Jyoti Resins continues to expand its capacity and market presence, it aims to capitalize on the growing demand in the adhesives sector, positioning itself for sustained growth in the coming years.

Key Financial and Operational Highlights

Jyoti Resins & Adhesives Limited , the company behind the Euro 7000 brand, has reported a robust performance for the second quarter of fiscal year 2026. The company, which holds the position of the second-largest wood adhesive brand in India's retail segment, demonstrated significant growth and maintained strong margins.

Financial Highlights

The company's Q2FY26 results showcase impressive growth and profitability:

The company's performance indicates a strong market position and effective operational management. The 20% volume growth suggests increasing demand for Jyoti Resins' products, while the maintained EBITDA and PAT margins reflect the company's ability to manage costs effectively despite growth.

Operational Performance

Jyoti Resins' cash flow from operations on a reconciled basis stood at Rs 205.60 million as of September 2025, indicating healthy liquidity and operational efficiency. This strong cash flow position may provide the company with flexibility for future investments and growth initiatives.

Brand and Marketing Initiatives

In a significant move to enhance its brand presence, Jyoti Resins has appointed Bollywood actor Pankaj Tripathi as its National Brand Ambassador. The company has also launched a new 360-degree campaign titled 'Sirf Jodo Nahin Fayedon Ke Saath Jodo' (Don't Just Join, Join with Benefits). This campaign is being rolled out across various platforms including TV, print, outdoor, and digital media.

Pankaj Tripathi, speaking about his association with the brand, said, "I believe that strength lies in the foundation — whether in stories or structures. Euro Adhesives stands for reliability and excellence; values I relate to deeply. I'm proud to represent a brand that empowers craftsmen and creators with the confidence to build lasting work, every single day."

Market Presence and Distribution

Euro 7000, the flagship brand of Jyoti Resins, maintains its position as the second-largest wood adhesive brand in India's retail segment. The company has a strong presence across 14 states, operating through:

• 54 branches in larger cities
• 65 distributors serving smaller cities
• A network of 13,000 retailers
• Engagement with 3.5 lakh carpenters, of which 2 lakh are registered in the company's loyalty program

This extensive network underscores the company's strong market penetration and its focus on building relationships with key stakeholders in the industry.

Future Outlook

While the company has not provided specific forward-looking statements, the strong Q2 performance, coupled with strategic marketing initiatives and a robust distribution network, suggests that Jyoti Resins is well-positioned in the wood adhesives market. The appointment of a high-profile brand ambassador and the launch of a new marketing campaign may further strengthen the company's brand presence.

Investors and market watchers will likely keep a close eye on how these initiatives translate into financial performance in the coming quarters, particularly in terms of sustaining volume growth and maintaining profitability margins in a competitive market landscape.