SJS Enterprises Limited, a leading player in the decorative aesthetics industry, has reported robust financial results for the second quarter, outperforming the automotive industry growth for the 24th consecutive quarter. The company has also announced plans to increase its export contribution to 14-15% of total revenue by FY28.

Financial Highlights

Revenue Growth

SJS reported consolidated revenue of ₹2,417.60 crore, marking a 25.4% year-on-year growth. This performance was driven by:

• 44.3% YoY growth in the two-wheeler (2W) segment
• 16.5% YoY growth in the Passenger Vehicle (PV) segment
• 16% YoY growth in the Consumer segment

The company's automotive business grew by 29.5% YoY, significantly outpacing the 9.5% YoY growth in automotive industry (2W+PV) production volumes.

Profitability

SJS demonstrated strong profitability metrics:

• EBITDA grew by 40.9% YoY to ₹728.40 crore, with EBITDA margins expanding to 29.6%
• PAT increased by 48.4% YoY to ₹432.70 crore, with a PAT margin of 17.9%

The enhanced profitability is attributed to a better product mix, operational excellence, and disciplined execution.

Export Performance and Strategic Initiatives

Exports increased by 40.9% YoY to ₹231.90 crore, constituting 9.6% of total consolidated sales. This growth was driven by new projects from key global OEMs and expanding presence across regions such as North America.

SJS has signed an MoU with BOE Varitronix (Hong Kong) to collaborate on manufacturing 4-wheeler automotive displays in India, marking a strategic step into new premium product categories.

The company plans to increase its export contribution to 14-15% of total revenue by FY28 through acquiring new customers and business diversification strategies.

Financial Position

SJS reported a net cash position of ₹1,588.80 crore, providing adequate financial flexibility to support both organic and inorganic growth initiatives.

Management Commentary

K. A. Joseph, Managing Director of SJS Enterprises, commented: "Our enhanced profitability reflects better product mix, operational excellence, and disciplined execution. This performance demonstrates the success of our business diversification strategy and strong OEM partnerships."

Sanjay Thapar, Executive Director & Group CEO, added: "Our strategic initiatives and strong execution have led to SJS achieving business results in Q2FY26 almost equal to our annual performance of FY21. We aim to increase exports to 14–15% of consolidated revenue by FY28 through diversification and new customer additions."

Outlook

With a debt-free balance sheet, robust cash flow generation, and strong order visibility, SJS remains well-positioned to sustain its growth trajectory, enhance market leadership, and create long-term value for stakeholders. The company's focus on premium product additions and expansion into new technologies is expected to increase kit value and strengthen its position as a one-stop decorative aesthetics solutions partner for OEMs.

SJS Enterprises continues to demonstrate its ability to outperform the industry, leveraging its strategic positioning and focus on innovation in the decorative aesthetics sector.

SJS Enterprises has announced the allotment of 26,875 equity shares under its Employee Stock Option Plan 2021, marking another milestone in the company's employee engagement initiatives.

Latest ESOP Allotment

On January 7, 2026, the Board of Directors approved the allotment of 26,875 equity shares of face value ₹10 each to employees under the SJS Enterprises Employee Stock Option Plan 2021. This latest allotment has increased the company's paid-up equity share capital from ₹31.95 crore to ₹31.98 crore.

Exercise Price Details

The allotment was executed at different exercise prices based on the grant tranches:

Previous ESOP Activity

This follows the company's earlier allotment of 5.62 lakh equity shares under the same ESOP scheme. The previous allotment included 5.42 lakh shares at ₹263.86 per share and 20,000 shares at ₹324.14 per share, demonstrating the company's continued commitment to employee participation in its growth story.

Regulatory Compliance

The allotment was conducted in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Regulation 10(c) of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The newly allotted shares rank pari-passu with existing equity shares in all respects.

Company Profile

SJS Enterprises operates in the auto ancillaries sector, specializing in manufacturing self-adhesive labels, automotive dials, overlays, badges and logos for automotive, electronics, and appliances industries. The company is listed on both BSE (scrip code: 543387) and NSE (symbol: SJS) with ISIN INE284S01014.

Strategic Outlook

The continued ESOP allotments reflect the company's strategy to align employee interests with long-term organizational objectives. These employee stock option exercises indicate confidence in the company's growth prospects and help in talent retention across key business functions.