CARYSIL Limited, a leading manufacturer of quartz and stainless steel sinks, has disclosed that Marcus John Smyth, CEO of Carysil UK Limited and an employee of CARYSIL's group company, has sold 27,000 equity shares in two separate transactions. The sales took place on November 14 and November 17, 2025, for a total value of Rs. 2.75 crore.

Transaction Details

The insider trading disclosure, made under SEBI regulations, revealed the following details:

Regulatory Compliance

CARYSIL Limited promptly reported this insider trading activity to the BSE Limited and the National Stock Exchange of India Limited on November 18, 2025. The company emphasized that this disclosure complies with Regulation 7(2)(b) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.

Company Background

CARYSIL Limited is known for its high-quality kitchen solutions. The company has been expanding its global footprint, with recent developments including:

• Securing a significant portion of IKEA's global non-U.S. quartz sink business
• Strong performance in the U.S. market through partnerships with major retailers like Lowe's
• Ongoing capacity expansions in quartz and stainless steel sink production

While this insider sale represents a notable transaction, it's important for investors to consider it within the broader context of the company's overall performance and growth strategies.

Investors are advised to conduct their own research and consider multiple factors when making investment decisions.

Carysil Limited , a leading manufacturer of quartz and stainless steel sinks, has reported robust financial results for the second quarter of fiscal year 2026, demonstrating resilience in the face of US tariff challenges.

Financial Highlights

The company achieved consolidated revenue of INR 244.00 crores in Q2 FY26, marking a 17.9% year-on-year growth. EBITDA rose by 33.5% to INR 49.50 crores, while Profit After Tax (PAT) surged by 61.9% to INR 27.20 crores. These results were achieved despite facing a 50% tariff on exports to the United States.

Operational Performance

Carysil's quartz sink division continued to be a strong growth engine for the company. In Q2 FY26, quartz sink volumes reached 197,000 units, up from 159,000 units in Q2 FY25. The company's capacity utilization for quartz sinks trended towards 88% in Q2 FY26, indicating improved throughput and operating leverage.

The stainless steel sink division also showed growth, with volumes increasing from 40,300 units in Q2 FY25 to 43,400 units in Q2 FY26, representing a 7.6% year-on-year growth.

Strategic Developments

Carysil secured approximately 70% of IKEA's global non-US quartz sink business, marking a significant achievement for the company. To meet the growing demand, Carysil is expanding its quartz sink capacity by 100,000 units within its current facility, with a capex of INR 5.00 crores. This expansion is expected to be operational by the end of December 2025.

The company maintains strong partnerships with major retailers like Lowes, which has shown unexpected growth in business. Carysil received a joint Supplier of the Year award from Lowes in its first year of partnership, a rare achievement for any supplier.

Expansion Plans

Carysil plans capacity expansions across all product segments:

1. Quartz Sinks: Adding 100,000 units immediately, with potential for another 150,000 units in the near future.
2. Stainless Steel Sinks: Expanding capacity by 70,000 units to reach 250,000 units by the end of Q4 FY26, with plans for further expansion to 400,000 units.
3. Faucets: Currently at 75% capacity utilization of 50,000 units, with a focus on stainless steel faucets to meet changing global norms.
4. Appliances: Investing INR 25.00 crores to set up a modern manufacturing and assembly facility, including an in-house glass processing plant.

Market Outlook

Despite facing challenges from US tariffs, Carysil remains optimistic about its future growth. The company sees potential for expansion in both domestic and international markets, particularly in Europe where competitors are struggling due to inflation and tariffs.

Chirag Parekh, Chairman and Managing Director, stated, "We are very pleased with our performance, especially in this time where our major export market, the U.S., has been impacted by a 50% tariff. We have taken steps to meet this challenge and support our customers in this difficult time."

The company maintains its growth guidance of 15% annually for the next 3 to 4 years and expects to sustain EBITDA margins between 18% to 20%, even with the current tariff situation.

As Carysil continues to navigate global market challenges and capitalize on emerging opportunities, it remains focused on innovation, quality, and strategic expansion to drive long-term growth.