Sirca Paints Posts Higher Revenue and Profit in Q2 FY26

11 Nov 2025 CW Team

During Q2 FY26, revenue rose 24.37 per cent year-on-year to Rs 1.31 billion, driven by strong demand in high-value product segments. EBITDA increased 44.52 per cent to Rs 270.40 million, supported by operational efficiencies and stronger margins, while PAT grew 36.30 per cent to Rs 180.10 million, reflecting disciplined cost management and enhanced profitability.

Key Financial Highlights (Q2 FY26):

Revenue: Rs 1.31 billion, up 24.38 per cent YoY and 14.82 per cent QoQ
EBITDA: Rs 270.40 million, up 44.51 per cent YoY and 21.45 per cent QoQ
EBITDA Margin: 20.89 per cent, compared to 17.98 per cent in Q2 FY25

Sirca continued to strengthen its presence in high-potential categories such as acrylic-based and waterborne PU systems, focusing on innovation, sustainability, and superior performance to drive category leadership.

Sirca Paints India has extended its long-standing agreement with Sirca S.p.A., Italy, until 2041. The renewed partnership includes the transfer of technical expertise for local manufacturing of high-quality acrylic, UV, and polyester-based wood coatings. Under the agreement, Sirca India will pay a quarterly royalty of 0.75 per cent of turnover. This expansion enhances technological self-reliance, strengthens market competitiveness, and improves supply chain efficiency.

Commenting on the results, Sanjay Agarwal, Chairman & Managing Director, said, “Despite challenges posed by extended monsoons and an early festive season affecting short-term retail momentum, Sirca remained focused on product innovation and market expansion. Throughout the quarter, we reinforced our operational and market foundations to support sustainable, long-term growth.

We are pleased to introduce a new range of PU coatings under the ‘Wembley’ brand, launched through the ‘Valentino’ sub-brand, designed for the premium furniture and interior segment. The range is already gaining traction across our distributor base. Our emphasis on innovation—particularly in metallic and acrylic finishes—continues to strengthen our brand differentiation, and we remain deeply engaged with architects and interior designers to enhance professional recall and advocacy.”

Sirca Paints India, a leading manufacturer of premium wood coatings, announced its unaudited financial results for the quarter and half year ended 30 September 2025, reporting resilient growth supported by an improved product mix and sustained margin expansion.During Q2 FY26, revenue rose 24.37 per cent year-on-year to Rs 1.31 billion, driven by strong demand in high-value product segments. EBITDA increased 44.52 per cent to Rs 270.40 million, supported by operational efficiencies and stronger margins, while PAT grew 36.30 per cent to Rs 180.10 million, reflecting disciplined cost management and enhanced profitability.Key Financial Highlights (Q2 FY26):Revenue: Rs 1.31 billion, up 24.38 per cent YoY and 14.82 per cent QoQEBITDA: Rs 270.40 million, up 44.51 per cent YoY and 21.45 per cent QoQEBITDA Margin: 20.89 per cent, compared to 17.98 per cent in Q2 FY25Sirca continued to strengthen its presence in high-potential categories such as acrylic-based and waterborne PU systems, focusing on innovation, sustainability, and superior performance to drive category leadership.Sirca Paints India has extended its long-standing agreement with Sirca S.p.A., Italy, until 2041. The renewed partnership includes the transfer of technical expertise for local manufacturing of high-quality acrylic, UV, and polyester-based wood coatings. Under the agreement, Sirca India will pay a quarterly royalty of 0.75 per cent of turnover. This expansion enhances technological self-reliance, strengthens market competitiveness, and improves supply chain efficiency.Commenting on the results, Sanjay Agarwal, Chairman & Managing Director, said, “Despite challenges posed by extended monsoons and an early festive season affecting short-term retail momentum, Sirca remained focused on product innovation and market expansion. Throughout the quarter, we reinforced our operational and market foundations to support sustainable, long-term growth.We are pleased to introduce a new range of PU coatings under the ‘Wembley’ brand, launched through the ‘Valentino’ sub-brand, designed for the premium furniture and interior segment. The range is already gaining traction across our distributor base. Our emphasis on innovation—particularly in metallic and acrylic finishes—continues to strengthen our brand differentiation, and we remain deeply engaged with architects and interior designers to enhance professional recall and advocacy.”

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