Jyoti Resins and Adhesives Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Q4 FY26 earnings call analysis: revenue, margin, capex, fundraise and order book outlook from management commentary.

Published 17 Aug 2026 | Chemicals & Petrochemicals | Market Cap: ₹1.1K Cr

Targeting 15% - 20% volume growth to achieve INR 500 crore revenue benchmark. Jyoti Resins & Adhesives Ltd aims for 15% to 20% volume growth in the coming years to reach INR 500 crore revenue benchmark.

From Jyoti Resins and Adhesives Ltd's Q4 FY26 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

Revenue Net Profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹93 Cr, net profit ₹20 Cr.

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📊 Revenue & Sales Performance

→Targeting 15% - 20% volume growth to achieve INR 500 crore revenue benchmark.
→Growth to come from both existing mature states (like Maharashtra and Gujarat) and new states (14+ states including Chennai, Kerala, Jammu & Kashmir).
→Current volume growth achieved was 8% for FY26, with Q2 and Q4 showing 20% and 16% growth respectively, indicating growth targets are achievable.
→Capacity expansion underway to increase monthly capacity from 2,000 to 3,500 tons, enabling revenue potential of INR 600-650 crores within 2-3 years.
→Deeper penetration planned in existing markets, alongside wider reach into new geographies.
→65% plant utilization currently with plans to scale up to meet sales growth.
→Continued investment in trade marketing and brand promotion to support growth.
→Sustainable 23%-25% EBITDA margin targeted alongside growth targets.

📈 Profitability & Margins

→Jyoti Resins & Adhesives Ltd aims for 15% to 20% volume growth in the coming years to reach INR 500 crore revenue benchmark.
→Long-term sustainable EBITDA margin target is 23% to 25%.
→The company expects to maintain gross margins around 65% but Q1 FY27 margins may be impacted by recent raw material price hikes.
→Capacity expansions (brownfield and greenfield) planned to increase monthly capacity from 2,000 to 3,500 tons, enabling revenue potential of INR 600-650 crore.
→Advertising and trade marketing spend to increase to 6-7% of revenue to support market expansion and brand visibility, aiding growth.
→Management is optimistic about maintaining ROE and ROCE levels while sustaining growth over the next 2-3 years.
→Though initial quarters may face margin pressure due to raw material inflation, pricing adjustments are expected to control impact in later quarters.

See what Jyoti Resins and Adhesives Ltd said on profitability & margins — free account, 30 seconds.

🏗️ Capital Expenditure Plans

→The company is undertaking brownfield capacity expansions, currently at about 80% completion, expected to finish within one to two quarters. This will increase capacity from 2,000 tons per month to 3,500 tons per month.
→The expanded capacity aims to support revenue growth up to INR 600-650 crores in 2-3 years.
→There is ongoing greenfield CapEx planned beyond the brownfield expansion, with investment strategies outlined for FY27 to FY29.
→Capital investments are primarily focused on increasing production capacity to support targeted volume growth of 15%-20% annually.
→Marketing and trade investments are also planned, with advertising and trade marketing budget increasing to 6%-7% of revenue, supporting brand expansion.
→The company is cautious on disclosing precise growth numbers due to geopolitical uncertainties but targets sustained EBITDA margins of 23%-25%.

💰 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 focusing on internal accruals and existing funds for growth and expansion.
→They have emphasized maintaining a debt-free status.
→The cash/fixed deposits amount (INR 140 crores) is being retained to support growth initiatives such as market and greenfield expansions.
→No plans to diversify funds into mutual funds or stock buybacks currently.
→The company is in the process of listing on the NSE, which may open opportunities for equity fundraising in the near future but no direct statement on raising capital yet.

See what Jyoti Resins and Adhesives Ltd said on fundraising & capital structure — free account, 30 seconds.

📋 Order Book & Pipeline

The transcript does not specifically mention the current or expected orderbook or pending orders for Jyoti Resins & Adhesives Ltd during the Q4 & FY26 post earnings call. No direct references or data points related to order backlog or pending orders are provided in the discussed pages (pages 5 through 25). Summary: - No explicit information on current or expected orderbook/pending orders is disclosed. - The company focuses on volume growth (15-20%) and market expansion strategies. - Key discussions center around pricing, raw material costs, market penetration, receivables, and capacity expansion rather than order backlog. - The company prefers to maintain confidentiality or considers the data sensitive. - Investors are encouraged to contact the IR team for detailed state-wise volume or sales data. If you need, I can help search for related information elsewhere in the document.

Key Metrics

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What Jyoti Resins and Adhesives Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Jyoti Resins and Adhesives Ltd Q4 FY26 results?

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 is undertaking brownfield capacity expansions, currently at about 80% completion, expected to finish within one to two quarters.

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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.