Sirca Paints India Limited — Investor Meet, 15-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Sirca Paints reported strong Q2 FY26 results with revenue up 24.37% YoY to INR 131.17 Cr and EBITDA up 44.52% YoY to INR 27.40 Cr, driving a 20.89% margin. Profit after tax rose 36.3% to INR 18.10 Cr. Growth was fueled by product mix and high-value sales. The company is consolidating Wembley units, extending its Sirca Italy agreement for local manufacturing of premium products, and expanding geographically. Management projects 35-40% CAGR till FY30, aiming for INR 1000 Cr revenue, expressing confidence in market recovery and strategic initiatives. Working capital is expected to improve to 95-100 days.