StockWatch
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Sirca Paints India Ltd

BSE: 543686

P/L Snapshot

Q1 FY27 · standalone

vs Q4 FY26·vs Q1 FY26
Revenue
131.61
-2.9%+15.0%
Expenditure
109.47
-2.7%+14.9%
Net Profit
16.21
-8.5%+14.1%
OPM %
18.62%
-0.55pp-1.12pp

Shareholding

Pattern breakdown

P/L Trends

(in crores)

RevenueExpenditureNet Profit
0.0037.9475.89113.83151.77Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Price Chart
Reports

Sirca Paints Q1FY27: PAT +14% YoY to ₹16.2 Cr, but revenue growth trails 25-30% guidance

paints · margin compression · guidance miss

ResultsQ1 FY2702 Aug 20263 minIndustrials & Infra
Latest
Quarterly Result28 Jul, 3:12 pm

Sirca Paints Q1FY27: PAT +14% YoY to ₹16.2 Cr, but revenue growth trails 25-30% guidance

Sirca Paints posted Q1 FY27 (quarter ended June 30, 2026) revenue from operations of ₹130.01 Cr, up 13.80% YoY but down 3.19% sequentially from Q4 FY26's ₹134.29 Cr. PAT came in at ₹16.21 Cr, up 14.09% YoY (PBT +15.36% YoY to ₹22.14 Cr) but down 8.35% QoQ; EPS was ₹2.85 versus ₹2.59 a year ago and ₹3.17/₹3.16 (standalone/consolidated) last quarter. Standalone and consolidated numbers are identical this quarter, meaning subsidiary Sirca Industries added nothing incremental, and neither period carries exceptional items. Operating margin came in at approximately 18.6% of revenue, down from 19.74% a year ago and 19.14% last quarter — a YoY and QoQ compression that sits below management's own 19-21% FY27 EBITDA-margin guidance. Net margin was roughly flat YoY at 12.47% (vs 12.41%) but down from 13.05% sequentially. Public reporting attributes the squeeze to elevated raw-material costs and channel discounting, only partly offset by the price hikes management had flagged on the last call. On the two comparison benchmarks: revenue came in roughly 12% below analyst estimates (Simply Wall St), a clear miss on the Street; and against management's own Q4 FY26 guidance of 25-30% FY27 revenue growth with margins held in the 19-21% band, this quarter's 13.8% YoY growth and sub-19% margin both fall short — an early-quarter miss on the FY27 growth plan that leaned on Wembley's national rollout and West/South India distribution expansion, neither of which shows up yet in the Q1 numbers. No fresh press-release commentary from management accompanied this filing beyond the standard board-outcome intimation. Separately and administratively, the board fixed July 31 as the record date for a ₹2 final FY26 dividend, filed the FY26 annual report/BRSR, and confirmed no deviation in preferential-issue fund utilisation — none of these bear on the quarter's operating numbers. The quarter sets up FY27 as needing a sharp back-half acceleration: growth would have to roughly double from Q1's pace, and margins recover from ~18.6% back into the guided band, for the 25-30% revenue and 19-21% margin targets to hold for the full year.

28 Jul 2026, 03:12 pm

Corporate Events

Board MeetingSIRCA
2026
6Nov

Board Meeting

To consider and approve the Unaudited Standalone and Consoli…

BSE Filing ↗
Board MeetingSIRCA
2026
11Aug

Board Meeting

The board of directors of the company have recommended a Fin…

BSE Filing ↗
DividendSIRCA
2026
31Jul

₹2 / share

BSE Filing ↗
Board MeetingSIRCA
2026
17Jul

Board Meeting

The Board of Directors has approved the Annual Report for th…

BSE Filing ↗
Board MeetingSIRCA
2026
31Jan

Board Meeting

Consider and approve the Unaudited Standalone and Consolidat…

BSE Filing ↗
Board MeetingSIRCA
2025
10Nov

Board Meeting

Consider and approve the Unaudited Standalone and Consolidat…

BSE Filing ↗
DividendSIRCA
2025
5Sep

₹1.5 / share

BSE Filing ↗
Board MeetingSIRCA
2025
2Aug

Board Meeting

Consider and approve the Unaudited Standalone and Consolidat…

BSE Filing ↗
Board MeetingSIRCA
2025
14Jul

Board Meeting

Raising of funds through issuance of security including equi…

BSE Filing ↗
Board MeetingSIRCA
2025
11Feb

Board Meeting

Consider and approve the Unaudited Standalone and Consolidat…

BSE Filing ↗
Board MeetingSIRCA
2024
14Nov

Board Meeting

Consider and approve the Unaudited Standalone and Consolidat…

BSE Filing ↗
Board MeetingSIRCA
2024
18May

Board Meeting

Consider and approve the Audited Standalone Financial Result…

BSE Filing ↗
Board MeetingSIRCA
2024
5Feb

Board Meeting

To Consider and approve the Unaudited Standalone and Consoli…

BSE Filing ↗
Board MeetingSIRCA
2023
11Nov

Board Meeting

To Consider and approve the Unaudited Standalone and Consoli…

BSE Filing ↗
Board MeetingSIRCA
2023
14Aug

Board Meeting

Consider and approve Unaudited Financial Results for the qua…

BSE Filing ↗