KDDL Ltd Q2 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 18 Jul 2026 | Consumer Durables | Market Cap: ₹4.6K Cr
Favre-Leuba brand is exceeding sales targets with global expansion including Asia, Middle East, Europe, and plans for the U.S. The company targets long-term growth in the Eigen (Precision Engineering) business at 20-25% annually.
From KDDL Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹4,005
Market Cap
₹4.6K Cr
P/E Ratio
46.5
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KDDL Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹575 Cr, net profit ₹35 Cr.
Full financials →📊 Revenue & Sales Performance
- →Favre-Leuba brand is exceeding sales targets with global expansion including Asia, Middle East, Europe, and plans for the U.S. after tariff reduction; new market openings ongoing.
- →Long-term targets for Eigen (Precision Engineering) remain unchanged with expected business size of INR 750-1,000 crores in 7-10 years despite short-term tariff concerns; growth of 20-25% expected long term.
- →Bracelet and packaging businesses targeted to reach INR 80-100 crores in 3-5 years, progressing well and already profitable; capacity expansions underway.
- →Precision Engineering revenue grew 44-55% YoY in H1 FY26 with healthy export demand; electroplating capacity expanding to support larger orders and efficiency by Q1 FY27.
- →Overall company revenue and volumes growing steadily; guided growth on track with strategic expansions and product diversification.
📈 Profitability & Margins
- →The company targets long-term growth in the Eigen (Precision Engineering) business at 20-25% annually.
- →Favre-Leuba brand expansion is on track globally, with a focus on making it a global success before acquiring other brands.
- →Bracelets and packaging businesses have medium-term targets of INR 80-100 crores in 3-5 years, considered achievable.
- →Despite current tariff challenges (up to 50%), the company expects these to be short-term and anticipates normalization, with no change in long-term forecasts.
- →EBITDA margins in Eigen are around 20%, expected to maintain or improve with growth.
- →The company is expanding capacities in Electroplating, Bracelets, and Packaging to support volume and profitability growth.
- →Overall business segments are expected to continue consistent and profitable growth driven by export demand and strong domestic market fundamentals.
🏗️ Capital Expenditure Plans
- →The company has spent approximately INR 9 crores on capital expenditure in the first half of FY26 for expanding capacity in some businesses.
- →Planned further investment in the range of INR 15 crores to INR 18 crores in the second half of FY26.
- →Expansion projects include adding more space for Eigen and the bracelet unit to increase production flexibility and faster speeds.
- →A new electroplating facility to be operational by end of Q1 FY27 to enhance efficiency and capability for larger, more complex orders.
- →The new Precision Engineering facility is primarily for plating setup and shifting some existing capacity; not intended for overall capacity expansion.
- →Capacity expansion plans are incremental, aligned with market requirements and long-term growth targets of 20-25% annually for Eigen business.
💰 Fundraising & Capital Structure
- →The transcript does not mention any current or planned fundraising through debt or equity.
- →There is no discussion of new equity issuance or debt raising in the Q2 & H1FY26 earnings call transcript.
- →The company is focused on expanding capacities by investing in existing businesses (INR 9 crores spent in H1FY26 and INR 15-18 crores expected in H2FY26).
- →Capital expenditure is being funded internally as per the discussion; no external fundraising mentioned.
- →The management emphasizes on growth, optimization, and achieving long-term targets without indicating any need for external capital at this time.
📋 Order Book & Pipeline
- →The transcript does not explicitly mention the current or expected order book or pending orders in specific numbers.
- →However, growth momentum is strong in the Precision Engineering (Eigen) division with 44-55% Y-o-Y revenue growth.
- →The company is receiving good inquiries and a steady flow of orders across major segments like aerospace, defense, automotive, electronics, consumer durables, and alternate energy.
- →Growth is expected to continue for the next 6 to 12 months and beyond, supporting expansion plans.
- →Expansion in electroplating capacity is underway to support larger, more complex orders.
- →The watch component business and packaging divisions are also growing, indicating a positive order pipeline.
- →The company is on track for long-term growth targets of 20%-25% CAGR.
- →Customers are in a "wait and watch" mode due to tariffs, but business visibility remains healthy.
Key Metrics
Frequently Asked Questions
What were KDDL Ltd Q2 FY26 results?
Favre-Leuba brand is exceeding sales targets with global expansion including Asia, Middle East, Europe, and plans for the U.S. The company targets long-term growth in the Eigen (Precision Engineering) business at 20-25% annually.
What is KDDL Ltd share price analysis?
KDDL Ltd currently shows a neutral. The stock trades at a P/E of 46.5 with a market cap of ₹4,556 Cr. Investors should review the full earnings analysis for detailed insights.
Is KDDL Ltd planning capital expenditure?
The company has spent approximately INR 9 crores on capital expenditure in the first half of FY26 for expanding capacity in some businesses.
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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.