Euro Pratik Sales Ltd Q1 FY27 Results

Euro Pratik Sales' consolidated (primary) revenue for Q1 FY27 was ₹103.33 Cr, up 60.1% YoY and 10.5% QoQ. Consolidated profit after tax (total, before minority interest) was ₹20.05 Cr, up 115.7% YoY on a reported basis — but the year-ago quarter (Q1 FY26) carried a ₹7.89 Cr exceptional net loss from the April 2025 Bhiwandi godown fire, which depressed that base. Stripping the one-off out on both sides, adjusted YoY PAT growth is closer to ~17%, and profit attributable to owners of the parent (₹18.77 Cr, the figure the ₹1.84 basic EPS is calculated on) grew only ~7% YoY on the same adjusted basis — a materially different picture from the headline 116% jump. PAT was down 6.9% QoQ against the March 2026 quarter's ₹21.53 Cr. No analyst consensus estimates for this specific quarter could be located; vsStreet is unknown.

The gap between 60% revenue growth and single-digit-to-high-teens adjusted profit growth traces to margin compression: EBITDA margin on revenue came in around 25.8% this quarter, down from ~27.3% in Q4 FY26 and well below the ~34% level implied by the year-ago quarter's cost structure once the fire loss (which sits below the EBITDA line) is excluded. Net profit margin was 18.9%, down from 22.0% QoQ. Part of the compression is compositional: the company consolidated a 51% stake in Chawla Brothers (Jalandhar-based, ₹32.2 Cr consideration, effective April 1, 2026) this quarter, and its subsidiary Euro Pratik Trade FZCO was diluted from a wholly-owned 100% stake to 80% via a fresh equity issue. Both moves pushed minority interest from a ₹0.39 Cr loss a year ago to a ₹1.28 Cr profit this quarter, meaning a growing share of consolidated profit growth is not flowing through to Euro Pratik's own shareholders.

The stock went into the print at ₹323.15, up 3% over the past month of trading.

For context: revenue is at a 5-quarter high.

Management's prior concall (February 2026, ahead of Q4 FY26) had guided to EBITDA margins staying 'around 40% (+/-2-3%)' going forward, alongside 12-15% annual distribution expansion into B/C cities and continued M&A for forward integration. This quarter's ~26% EBITDA margin sits roughly 14 percentage points below that guided band, so on the specific, quantified promise management made, guidance was missed even as revenue growth (60% YoY) comfortably cleared the standing long-term target of outgrowing the 18-20% decorative-panel/12% laminate industry CAGR. Corporately, the board also appointed Manish Sacheti as an independent director and recommended M Baldeva Associates as the new secretarial auditor — both governance items with no P&L impact — while the ₹31.88 Cr insurance claim tied to the 2025 fire remains an unsettled receivable. The company has also flagged two new product collections for an August 2026 launch, which fall outside this reporting period and will show up, if at all, from Q2 FY27 onward.