Jyoti Resins and Adhesives Ltd Q3 FY25 Results & Concall Highlights: Revenue, Margins & Order Book
Published 30 May 2026 | Chemicals & Petrochemicals | Market Cap: ₹1.1K Cr
Targeting 20% to 25% volume growth over the next 3 to 4 years. - Aiming to reach around Rs. The company targets a volume growth of 20% to 25% over the next 3 to 4 years, driven by network expansion and increased sales efforts. - Revenue is expected to reach Rs.
From Jyoti Resins and Adhesives Ltd's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.
Price
₹850
Market Cap
₹1.1K Cr
P/E Ratio
15.4
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Jyoti Resins and Adhesives Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹93 Cr, net profit ₹20 Cr.
Full financials →📊 Revenue & Sales Performance
- →Targeting 20% to 25% volume growth over the next 3 to 4 years.
- →Aiming to reach around Rs. 500 crores sales by FY27, with optimism to achieve Rs. 450 to 500 crores based on 20% volume growth.
- →Current volume growth: 18% YoY in Q3 FY25, but Q2 was flat, which may cause FY25 volume growth to be slightly below 20%.
- →Expanding from 32 to 42 branches in 9 months to build distribution and leverage dealer networks for growth.
- →Focusing on increasing market share in existing territories and penetrating newer states with a target of at least 100 tons monthly volume per new state.
- →Plans for brownfield capacity expansion (adding 1,500 tons per month) and greenfield expansion for future demand.
- →Leveraging OEM and retail segments for broad-based volume growth.
📈 Profitability & Margins
- →The company targets a volume growth of 20% to 25% over the next 3 to 4 years, driven by network expansion and increased sales efforts.
- →Revenue is expected to reach Rs. 450 to 500 crores by FY27 from approximately Rs. 280-290 crores in FY25, assuming 20% volume growth.
- →EBITDA margin guidance is maintained at a steady state of around 25%, with a short-term expectation of about 29% EBITDA margin this year.
- →Gross margin is expected to stabilize around 65%, considering variable raw material costs, with price adjustments passing through with a lag of about one quarter.
- →Expansion includes opening new branches and leveraging consignees and sales agents to grow market penetration gradually across India.
- →Capacity expansions via brownfield CapEx will increase production by approximately 1,500-2,000 tons per month within 1.5 years, supporting growth projections.
- →The long-term vision aims for Rs. 1,000 crore revenue in the white glue segment with sustained profitability through brand building and market expansion.
🏗️ Capital Expenditure Plans
- →The company plans to add another 1,500 tonnes per month of capacity at the existing plant over the next 1.5 years through brownfield expansion, with a CapEx of around INR 10 crores.
- →There are plans for a greenfield expansion with a new facility on the outskirts of Ahmedabad to handle storage of raw materials and finished goods, and potentially manufacture up to 3,500 tonnes per month in the near future.
- →The greenfield expansion is projected to require around INR 40 to 45 crores of investment, to be used gradually over the next three years.
- →No plans for backward integration due to high cost and complexity (95% raw material, VAM, is imported).
- →Expansion investments will also include developing the sales network pan India, brand management, and marketing initiatives.
- →All expansions and investments are proposed to be funded through internal accruals, with no new fundraises planned.
💰 Fundraising & Capital Structure
- →No new fundraising through equity or debt is planned currently.
- →Capacity expansion will be funded through internal accruals only.
- →Specifically, the company plans brownfield expansion (adding 1,500 tons/month capacity) funded via internal accruals.
- →Greenfield expansion over the next 3 years may require Rs. 40-45 crores, but this will be invested gradually.
- →No mention of immediate requirement for external funding for CapEx or acquisitions.
- →Company continues to generate strong cash flows and holds significant free cash on the balance sheet.
- →Dividend payout policy remains consistent, distributing 15% of profits to shareholders.
📋 Order Book & Pipeline
Key Metrics
Frequently Asked Questions
What were Jyoti Resins and Adhesives Ltd Q3 FY25 results?
Targeting 20% to 25% volume growth over the next 3 to 4 years. - Aiming to reach around Rs. The company targets a volume growth of 20% to 25% over the next 3 to 4 years, driven by network expansion and increased sales efforts. - Revenue is expected to reach Rs.
What is Jyoti Resins and Adhesives Ltd share price analysis?
Jyoti Resins and Adhesives Ltd currently shows a neutral. The stock trades at a P/E of 15.4 with a market cap of ₹1,079 Cr. Investors should review the full earnings analysis for detailed insights.
Is Jyoti Resins and Adhesives Ltd planning capital expenditure?
The company plans to add another 1,500 tonnes per month of capacity at the existing plant over the next 1.5 years through brownfield expansion, with a CapEx of around INR 10 crores.
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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.