KDDL Ltd Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Published 28 May 2026 | Consumer Durables | Market Cap: ₹4.6K Cr

Revenue growth is expected to continue, driven by volume growth and value/capability enhancements across segments (bracelets, precision engineering, packaging). Revenue growth is expected to be around 20% to 25% annually (Yashovardhan Saboo, Page 22).

From KDDL Ltd's Q4 FY26 earnings-call transcript · updated 23 Aug 2026.

Price

4,005

Market Cap

₹4.6K Cr

P/E Ratio

46.5

Revenue Rank

Rank 2

Margin Rank

Rank 3

How does KDDL Ltd rank in Consumer Durables?

Compare KDDL Ltd against every Consumer Durables company this quarter on revenue, margins and earnings-call signals.

Revenue: Rank 2Margin: Rank 3
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KDDL 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 ₹575 Cr, net profit ₹35 Cr.

Full financials →

📊 Revenue & Sales Performance

Rank 2
  • Revenue growth is expected to continue, driven by volume growth and value/capability enhancements across segments (bracelets, precision engineering, packaging).
  • EBITDA and overall margins are expected to remain stable, with no dramatic changes upward or downward.
  • Precision engineering, bracelet, and packaging businesses are targeted to grow at about 25% CAGR medium to long term.
  • Ethos aims to double its store network in 3 years, with continued focus on acceleration of store openings and revenue growth.
  • Despite inflationary pressures (high wage inflation in India), operational leverage is expected but somewhat offset by rising costs.
  • Market share in precision stamping and components remains small, offering a large headroom for growth through new customers, deeper relationships, and additional capabilities.
  • Opportunities in EV, energy storage, and electronics sectors offer robust growth prospects for precision components.
  • Favre-Leuba brand sales are expected to double in the current financial year, indicating strong growth in retail segment.

📈 Profitability & Margins

Rank 3
- Revenue growth is expected to be around 20% to 25% annually (Yashovardhan Saboo, Page 22). - EBITDA margins and overall margins are expected to remain stable, staying within the current band without dramatic changes upward or downward (Sanjeev Masown, Page 23). - Operating leverage exists but is limited due to faster cost escalations in India, particularly labor inflation at around 10-11% annually, which constrains margin expansion (Page 22). - Precision Engineering, Packaging, and Bracelet businesses are targeted to grow at ~25% CAGR medium to long term (Page 7-8). - The company's watch component business growth may continue but at a somewhat lower rate than other segments (Page 7). - Ethos retail segment aims to double revenue stores in three years, suggesting growth in retail earnings as well (Page 21). - Currency fluctuations (CHF/INR) impact margins but net out at consolidated level (Page 13). Overall, the company anticipates consistent revenue growth with stable margins and cautious margin management amid inflation and currency impacts.

🏗️ Capital Expenditure Plans

Yes
  • INR 50 crores planned capex in standalone business covering bracelet, watch components, precision engineering, and packaging.
  • Ongoing capex for backward integration in Precision Engineering (Eigen) business, expected commissioning in next 3-4 months.
  • Further incremental capacity additions in bracelet division aiming for 25% growth.
  • Capex spread over all businesses; excludes subsidiary investments like Favre-Leuba.
  • Focus on capability enhancement and quality improvements through incremental machine additions.
  • Continued investments aligned with market needs and development.
  • AI lab investment underway to improve internal decision-making and operational efficiency.
  • No specific asset turn numbers shared for capex investments.

💰 Fundraising & Capital Structure

No information
The transcript on page 23 (and surrounding pages) does not mention any current or future fundraising plans through debt or equity. Key points related to capital and investments include: - Planned capex of approximately INR 50 crores across businesses in FY27 for maintenance and growth, including precision engineering, bracelets, and watch components. - No specific mentions of raising new debt or equity capital. - Focus remains on organic growth, expanding store network (Ethos), and capacity expansions funded through internal accruals. - No disclosures on plans for fundraising rounds or issuance of debt/equity securities. Thus, there is no indication or announcement regarding new fundraising through debt or equity at this time.

📋 Order Book & Pipeline

No information
  • The transcript does not provide explicit figures or detailed status on the current or expected order book or pending orders for KDDL Limited.
  • However, Yashovardhan Saboo mentions robust momentum in sectors like EV, energy storage, and electronic components with expanding customer relationships, indicating a healthy pipeline of opportunities.
  • The Precision Engineering business has significant headroom for growth, given the company's small current market share, suggesting potential for increased orders.
  • The Favre-Leuba brand has strong sales and is ramping up production to meet demand, implying a backlog with stores short of stock.
  • Overall, the focus on doubling network stores in Ethos and capex plans across divisions indicate a growth-driven orderbook outlook.
  • No specific numerical data on order backlog or pending orders is disclosed in the transcript.

Key Metrics

Revenue

Rank 2

Margin

Rank 3

Capex

Yes

Fundraise

No information

Order Book

No information

Frequently Asked Questions

What were KDDL Ltd Q4 FY26 results?

Revenue growth is expected to continue, driven by volume growth and value/capability enhancements across segments (bracelets, precision engineering, packaging). Revenue growth is expected to be around 20% to 25% annually (Yashovardhan Saboo, Page 22).

What is KDDL Ltd share price analysis?

KDDL Ltd currently shows a moderate growth signal based on ranking data. 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?

INR 50 crores planned capex in standalone business covering bracelet, watch components, precision engineering, and packaging.

Keep KDDL Ltd on your radar — track it to get its next earnings analysis in your feed.

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.

What KDDL Ltd's management said in earlier quarters

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