India · Delayed Price · Currency is INR Control Print Earnings Call Transcripts
Fiscal Year 2026
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Revenue grew to INR 484 crores in FY 2026, led by coding and marking, while packaging and international subsidiaries remain loss-making but are expected to improve with ongoing investments and new product stabilization. Employee costs rose due to regulatory changes and incentives.
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Revenue and EBITDA grew strongly year-over-year, driven by coding and marking, while packaging and track and trace segments are scaling up. Employee costs rose due to labor code changes, and Italian packaging operations remain loss-making but are expected to breakeven next year.
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Standalone and consolidated revenues grew strongly year-over-year, with record EBITDA margin achieved due to operational leverage and cost control. Coding and marking remains the core segment, while packaging and track and trace businesses are expanding. Italian operations are expected to break even next year.
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Q1 FY26 saw strong revenue growth but lower consolidated EBITDA due to packaging business losses and higher costs. Coding and marking remains profitable, with price increases and cost controls expected to improve margins from Q3. Packaging and track & trace segments are scaling, with break-even targeted by year-end.
Fiscal Year 2025
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Q4 FY25 revenue rose to INR 114 crore, with full-year revenue at INR 395 crore and EBITDA growth of 10.4%. Track and Trace and Packaging divisions are key growth areas, with a positive outlook and ongoing investments expected to reduce operational losses as scale increases.
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Standalone Q3 revenue grew 13% year-over-year to ₹95 crore, with strong printer sales but lower gross margins due to product mix. The company is investing in packaging and track-and-trace, expects margins to recover, and targets ₹400 crore standalone revenue for FY25.
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Standalone H1 FY25 revenue grew to INR 185 crores, with strong YoY gains in profitability metrics. Investments in new business lines and subsidiaries are ongoing, with core coding and marking driving profits while new segments are expected to scale over a two-year horizon.
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Standalone Q1 FY25 revenue grew to INR 89 crore, with strong year-over-year profit growth and a robust pipeline targeting INR 400 crore for the year. Investments in international subsidiaries, especially CP Italia, are ongoing, with planned losses as part of a long-term growth strategy.