Crizac Ltd

Q2 FY26Retailing

Crizac Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹173

Market cap₹3.2K Cr

P/E14.5

Updated23 Aug 2026

Read4 min read

The short version

The company expects a growth of around 25%-30% in revenue for the current year, with the possibility of slightly exceeding this conservative guidance due to favorable tailwinds. Crizac Limited expects growth better than their earlier forecast of 25%, with recent quarters showing roughly 30% growth.

From Crizac Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

The company expects a growth of around 25%-30% in revenue for the current year, with the possibility of slightly exceeding this conservative guidance due to favorable tailwinds.
Q2 is typically a lighter quarter with about 10%-12% of annual revenue, while Q3 and Q4 contribute roughly 30% and 40%, respectively.
Multiple growth drivers include expansion into various geographies like Africa, Middle East, and Southeast Asia.
Diversification into new destinations, such as UAE and Middle East, is underway to reduce dependency on the UK market.
The volume of student applications is expected to increase with the setting up of new university campuses and rerouting students from other countries into India.

2 more points management made on revenue & sales performance

Profitability & Margins

Crizac Limited expects growth better than their earlier forecast of 25%, with recent quarters showing roughly 30% growth.
EBITDA margin is expected to remain stable around 24%-25%, with no significant operating leverage despite revenue growth.
Employee and technology costs will grow but at a rate lower than revenue growth, estimated around 4% combined.
Expansion into multiple new destinations beyond the UK (e.g., Ireland, Middle East, Australia, New Zealand) is expected to drive future revenue growth and reduce concentration risk.
Diversification into student loan services is planned, but contribution is expected to be modest (1%-2% of EBITDA initially).

2 more points management made on profitability & margins

See what Crizac Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Crizac Limited has initiated new business verticals in student loan and accommodation services.
Accommodation as a service went live on their platform in the current quarter and has started gaining traction.
The student loan business is planned to start in the coming quarter and will take time to mature.
The company has set up right kind of tie-ups with multiple banks and NBFCs for student loans.
Several home accommodation providers have been partnered with for accommodation services.

2 more points management made on capital expenditure plans

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Fundraising & Capital Structure

There is no explicit mention of any current or planned fundraising through debt or equity in the provided transcript.
The company is exploring student loan services by partnering with multiple NBFCs and banks, aiming to start this business in the coming quarter (Q3), but this initiative does not currently appear to involve new equity or debt fundraising.
Management emphasized that expansion into new services like student loans and accommodation will take time to mature and contribute materially to revenue and profitability.
There is no indication from the discussion that Crizac Limited is seeking or planning immediate equity or debt infusion for these expansions or other purposes.

See what Crizac Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The transcript from Crizac Limited's Q2-FY26 earnings call does not explicitly mention the current or expected order book or pending orders. However, relevant insights related to business outlook and growth include: - Revenue growth guidance for FY26 is in the range of 25% to 30%, with better-than-expected growth in Q2 at 30%. - Expansion into multiple geographies and destination markets is a key growth driver, expected to increase student volume and revenues. - Focus on diversifying away from UK dependence, with increasing contributions from Ireland, Middle East, Australia, and New Zealand. - New business verticals like student loans and accommodation services have been launched or are in pilot stages but expected to contribute modestly (1-2% of EBITDA) over time.

2 more points management made on order book & pipeline

Crizac Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹392 Cr, net profit ₹74 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Crizac's management said in earlier quarters

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Frequently Asked Questions

What were Crizac Ltd Q2 FY26 results?

What is Crizac Ltd share price analysis?

Crizac Ltd currently shows a neutral. The stock trades at a P/E of 14.5 with a market cap of ₹3,206 Cr. Investors should review the full earnings analysis for detailed insights.

Is Crizac Ltd planning capital expenditure?

Crizac Limited has initiated new business verticals in student loan and accommodation services.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.