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True Colors Ltd

Q2 FY26Industrial Manufacturing

True Colors Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management said on revenue, margins and capex.

Price₹152
Market cap₹378 Cr
P/E12.1
Updated23 Aug 2026
Read4 min read

True Colors Ltd Q2 FY26 key numbers

Revenue
Expansion includes doubling paper production capacity from 1 crore to 2 crore meters monthly.

As stated in True Colors Ltd's Q2 FY26 earnings call transcript · published 16 Jul 2026. Reported figures, not investment advice.

The short version

The company targets a 30% year-on-year revenue growth conservatively. True Colors Limited expects a conservative year-on-year revenue growth of around 30% driven by enhanced production capacities and market expansion.

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

Revenue & Sales Performance

  • The company targets a 30% year-on-year revenue growth conservatively.
  • H2 will focus on maximizing capacity utilization in both paper and printing divisions.
  • Expansion includes doubling paper production capacity from 1 crore to 2 crore meters monthly.
  • Increased machine installations, targeting 90-100 machines by year-end (up from 16 machines in H1).
  • Growth driven by increased adoption of viscose fabric and government subsidies (up to 35%) boosting large machine investments.
  • Expect better market conditions in textiles from Q3 onward, growing the printing business.
  • Strategic initiatives for backward and forward integration to scale growth further.

2 more points from True Colors Ltd's call on revenue

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Profitability & Margins

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

Capital Expenditure Plans

  • The company has expanded its paper manufacturing capacity from 1 crore meters to 2 crore meters per month, involving a capex of approximately INR 6-7 crores.
  • This expansion is expected to generate an additional revenue of around INR 60 crores annually from the paper division.
  • In printing, capacity has been expanded by around 15%, including installation of two new machines and auxiliary machines, expected to be operational within one to two months.

2 more points from True Colors Ltd's call on capex

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Top-ranked in Industrial Manufacturing

Ranked on what management guided this quarter

Guidance-ranked
1ICE Make Refrig.
Rev 1Mar 2
2Taurian MPS
Rev 1Mar 2
3
Rev 1Mar 3
4
Rev 1Mar 3
5
Rev 1Mar 3
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

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

Order Book & Pipeline

  • The company currently has 8 machine orders in the pipeline, worth around INR 9 crores.
  • By the end of the year, True Colors Limited expects to have installed about 90 to 100 machines in total.
  • The majority of these machines are related to the printing and paper divisions, aligned with capacity expansions and market demand.

2 more points from True Colors Ltd's call on order book

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What True Colors Ltd's management said in earlier quarters

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Frequently Asked Questions

What were True Colors Ltd Q2 FY26 results?

The company targets a 30% year-on-year revenue growth conservatively. True Colors Limited expects a conservative year-on-year revenue growth of around 30% driven by enhanced production capacities and market expansion.

What is True Colors Ltd share price analysis?

True Colors Ltd currently shows a neutral. The stock trades at a P/E of 12.1 with a market cap of ₹378 Cr. Investors should review the full earnings analysis for detailed insights.

Is True Colors Ltd planning capital expenditure?

The company has expanded its paper manufacturing capacity from 1 crore meters to 2 crore meters per month, involving a capex of approximately INR 6-7 crores.

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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.