Carysil Ltd Q2 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 25 May 2026 | Consumer Durables | Market Cap: ₹3.4K Cr
Carysil aims for a 15% annual growth rate over the next 3 to 4 years. Carysil expects a sustainable topline growth rate of around 15% annually over the next 3 to 4 years. - EBITDA margin guidance is maintained between 18% to 20%, even considering tariff impacts. - Q2 FY '26 EBITDA margin stood at 20.3%, above the upper band of guidance, showing operational strength. - H1 FY '26 EBITDA margin was 19.9% with a 26.3% EBITDA growth year-on-year. - Profit after tax and minority interest for H1 FY '26 grew 53.2% to INR 50 crores. - U.S.
From Carysil Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹1,155
Market Cap
₹3.4K Cr
P/E Ratio
34.2
How does Carysil Ltd rank in Consumer Durables?
Compare Carysil Ltd against every Consumer Durables company this quarter on revenue, margins and earnings-call signals.
Carysil Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹234 Cr, net profit ₹27 Cr.
Full financials →📊 Revenue & Sales Performance
- →Carysil aims for a 15% annual growth rate over the next 3 to 4 years.
- →Quartz sink segment is a major growth driver, with immediate capacity addition of 100,000 units expected by December 2025.
- →Another potential capacity expansion of 150,000 units in quartz sinks planned for FY '27, pending tariff approvals.
- →Stainless-steel sink capacity is expanding from 180,000 to 250,000 units by March FY '26, with an additional 150,000 units planned for FY '27.
- →Appliances division showing strong growth, with 25.5% year-on-year growth in Q2 FY '26.
- →Domestic faucet business targeting full utilization of 100,000 units per annum in the coming financial year, currently at 75% capacity.
- →India business target is to reach INR 500 crore revenue in the near term.
- →Strong order inflows from global customers like IKEA and Lowe’s support volume growth.
- →Market expansion plans include adding new dealers, showrooms, and experience centers in India and overseas.
📈 Profitability & Margins
- →Carysil expects a sustainable topline growth rate of around 15% annually over the next 3 to 4 years.
- →EBITDA margin guidance is maintained between 18% to 20%, even considering tariff impacts.
- →Q2 FY '26 EBITDA margin stood at 20.3%, above the upper band of guidance, showing operational strength.
- →H1 FY '26 EBITDA margin was 19.9% with a 26.3% EBITDA growth year-on-year.
- →Profit after tax and minority interest for H1 FY '26 grew 53.2% to INR 50 crores.
- →U.S. operations turned profitable in Q2 FY '26 with expectations to continue positive PAT.
- →Expansion in quartz sinks and faucets capacity along with new leadership and marketing initiatives in India are expected to drive future profit growth.
- →Overall, the company shows optimism about growth and profitability despite tariff and economic challenges.
🏗️ Capital Expenditure Plans
- →Investing INR 25 crores to set up a modern manufacturing and assembly facility with in-house glass processing for hobs and hoods with glass finish; including a colored coating line to produce high-quality sinks at competitive cost (expected operational by Q2 FY '27).
- →Adding immediate quartz sink capacity of 100,000 units within existing facility with INR 5 crores capex (operational by Dec 2025).
- →Expanding stainless-steel sink capacity by 70,000 units by March FY '26, and a further 150,000 units planned in FY '27, totaling about 400,000 units capacity.
- →Acquired 7,400 sqm land adjacent to existing stainless steel sinks facility with INR 6 crores investment for future capacity expansion.
- →New quartz sand manufacturing facility (Acrycol) with modern technology for cost competitiveness.
- →Plans for onboarding new leadership and expanding distribution, showrooms, and experience centers in India to support INR 500 crore revenue vision.
💰 Fundraising & Capital Structure
- →There is no mention of any current or planned fundraising through debt or equity in the transcript.
- →The company reported gross debt of INR 230.9 crores as of September 30, 2025, and cash and bank balance of INR 42.3 crores.
- →Capex for H1 FY '26 was INR 34.2 crores for machinery, building, molds, and equipment, funded presumably through internal accruals or existing resources.
- →Management did not indicate any new plans for raising funds through debt or equity during the call.
- →Focus appears on organic growth, capacity expansion, and operational improvements without external capital raising at present.
📋 Order Book & Pipeline
- →The pending order book for Karran (U.S. business) is about 10% of the total Karran value, approximately 10,000 pieces, due to mold capacity constraints.
- →Three new additional molds have been ordered recently to address capacity bottlenecks.
- →The Lowe's business is unexpectedly gaining strong traction, leading to increased order volumes and need for capacity expansion.
- →Management did not disclose exact numbers for the total order book but indicated willingness to share details upon email request.
- →The company sees strong demand visibility from global customers including IKEA and Lowe's, driving immediate capacity expansion plans (100,000 units in quartz sinks by December '25).
- →Overall, capacity is being expanded to meet growing order inflows and evolving product designs.
Key Metrics
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Frequently Asked Questions
What were Carysil Ltd Q2 FY26 results?
Carysil aims for a 15% annual growth rate over the next 3 to 4 years. Carysil expects a sustainable topline growth rate of around 15% annually over the next 3 to 4 years. - EBITDA margin guidance is maintained between 18% to 20%, even considering tariff impacts. - Q2 FY '26 EBITDA margin stood at 20.3%, above the upper band of guidance, showing operational strength. - H1 FY '26 EBITDA margin was 19.9% with a 26.3% EBITDA growth year-on-year. - Profit after tax and minority interest for H1 FY '26 grew 53.2% to INR 50 crores. - U.S.
What is Carysil Ltd share price analysis?
Carysil Ltd currently shows a neutral. The stock trades at a P/E of 34.2 with a market cap of ₹3,388 Cr. Investors should review the full earnings analysis for detailed insights.
Is Carysil Ltd planning capital expenditure?
Investing INR 25 crores to set up a modern manufacturing and assembly facility with in-house glass processing for hobs and hoods with glass finish; including a colored coating line to produce high-quality sinks at competitive cost (expected operational by Q2 FY '27).
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.