Sirca Paints India Ltd. · NSE:SIRCA
Sirca Paints India — Q2 FY2027 Earnings Presentation
29 slides from Sirca Paints India's earnings presentation, Nov 6, 2026
Slide 1: Submission of Investor Presentation to exchanges
November 06, 2026 To, To, The Managing Director The General Manager National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Plot No. C/1 Department of Corporate Services G-Block, Bandra-Kurla Complex, Phiroze Jeejeebhoy Towers, Bandra (E), Mumbai – 400051 Dalal Street, Mumbai
Slide 2: Q2 FY27 Earnings Presentation
Q2 FY 27 EARNINGS PRESENTATION
Slide 3: Company Profile
COMPANY PROFILE
Slide 4: An Intro
AN INTRO Sirca Paints India Limited (SPIL) is one of India’s leading premium wood coatings and surface solutions companies, bringing together Italian innovation, advanced technology, and design- driven finishes for the Indian furnishing and décor industry. With a diverse portfolio of renowned brands
Slide 5: About Sirca S.p.A (Italy)
85+ ABOUT COUNTRIES SIRCA S.P.A 800+ (ITALY) EMPLOYEES Established in 1973, Sirca is a key player in the Durante Group specializing in Italian wood paints. With a global €180+ n presence in many countries, the company boasts 4 production plants . Its focus on research and development TURNOVER is evi
Slide 6: OEM Vendor Market
3 900+ Team 20+ 900+ Manufacturing Branches and OEM’s facilities Strength Depots Clientele SOLE & OEM MARKET EXCLUSIVE VENDOR LEADER LICENSEE Preferred OEM Vendor on its Among the Top 3 Premium Of Globally Established way to become a wood coatings brand in India ‘Sirca’ brand for India. Dominating R
Slide 7: Value Proposition
VALUE PROPOSITION The promise and quality of ‘Made in Italy’ blended with innovation, research and development to provide the most sophisticated and customized products and services in the paints industry. Premium Italian Glass Coatings Metal Coatings Wood coatings
Slide 8: Brand Portfolio
BRAND PORTFOLIO Recent Additions to our Product Portfolio Expansion Sirca Unico WEMBLEY Luxury High-end Italian Mass-market Wood Wood Coatings. Coatings products Enamels, Nc, Wall paints Sanding Sealer, TT Clear, Lacquer etc. OIKOS WELCOME WEMBLEY VALENTINO Super Luxury High-end Paint Thinners & Wal
Slide 9: Nationwide Presence, Trusted Excellence
JAGADHARI JAMMU AND KASHMIR MOHALI LUDHIANA NOIDA NATIONWIDE PRESENCE, KARNAL NATHUPUR WP UNIT-2 NEPAL NATHUPUR PU UNIT-1 NATHUPUR UNIT-4 NATHUPUR UNIT-3 AMBALA TRUSTED DEHRADUN DELHI SILIGURI GURUGRAM MORADABAD INDORE BANGLADESH EXCELLENCE KOLKATA NAGPUR At Sirca, we take pride in delivering AHMEDA
Slide 10: Customer Segments: Retail and OEMs
CUSTOMER SEGMENTS RETAIL OEM’s 4000+ 900+ OEM’s Clientele Growth Strategy Chain of studios being opened across APPROACH Dealing in Premium products. India, currently 20+branches are operational. Providing strong technical support Creating a wider and diverse product and after sales services to OEM’s
Slide 11: Marketing and Promotional Activities
MARKETING AND PROMOTIONAL ACTIVITIES Continuous innovation in branding, in-shop displays, and end- to-end experience centre's to enhance brand visibility, effectively showcasing the complete portfolio of SIRCA and OIKOS products
Slide 12: Marketing and Promotional Activities
MARKETING AND PROMOTIONAL ACTIVITIES
Slide 13: Sirca - Events and Awards
SIRCA - EVENTS AND AWARDS “Sirca actively invests in high-impact engagement initiatives that bring together industry professionals, partners, and influencers. Our participation in IDAC Exhibition, Architect Meets & Contractor Meets, these platforms help foster trust, showcase innovation, and strengt
Slide 14: Sirca - Digital Impressions
SIRCA - DIGITAL IMPRESSIONS “Sirca’s digital footprint continues to grow through strategic features in leading design publications and platforms. Our projects with renowned architects have been showcased in Livingetc & Elle Decor and other top-tier outlets — amplifying visibility among designers, sp
Slide 15: Strategic Expansion: Acquisition of Wembley
STRATEGIC EXPANSION: ACQUISITION OF WEMBLEY Sirca Paints India Ltd. Acquires "Wembley" Brand, Expanding Platform and Its Product Portfolio New Delhi, 21-March-2025 – Sirca Paints India Ltd. proudly announces the acquisition of the entire business under the brand name "Wembley" from Wembley Paints &
Slide 16: Enhanced Version of Sirca Parivaar Pro App
ENHANCED VERSION OF SIRCA PARIVAAR PRO APP 25000+ 20,000+ 5000+ Contractors Average Daily Average Daily Key Features Users Registered Product Scans Specifically designed for architects, contractors, and dealers using Sirca products Automate Sirca loyalty program Bringing all industry stakeholders to
Slide 17: Our Board of Directors
OUR BOARD OF DIRECTORS MR. SANJAY MR. APOORV AGARWAL AGARWAL CHAIRMAN & JOINT MANAGING MANAGING DIRECTOR DIRECTOR Mr. Agarwal is one of the co-founders of Sirca Paints India Degree from Delhi University and a masters degree in Finance Limited, he has been working the Paints & Coatings industry & Mar
Slide 18: Our Board of Directors
OUR BOARD OF DIRECTORS MR. SHYAM LAL GOYAL MR. SANJAY KAPOOR NON-EXECUTIVE & NON-EXECUTIVE & INDEPENDENT DIRECTOR INDEPENDENT DIRECTOR Mr. Goyal was the Audit and Finance Advisor at Ghazanfar Mr. Kapoor is a doctor by profession, he has an MBBS and DCH Bank. He leads each firm’s lines of business -
Slide 19: Q2 FY27 Result Discussion
Q2 FY27 RESULT DISCUSSION
Slide 20: Q2 FY27 Result Discussion
Q2 FY27 RESULT DISCUSSION "STRONG PERFORMANCE IN A HIGHLY COMPETITIVE ENVIRONMENT." Revenue, ₹ Cr EBITDA excl. OI, ₹ Cr PAT, ₹ Cr +22.1% +6.4% +12.3% ₹160.20 ₹29.16 ₹20.32 ₹27.40 ₹18.10 ₹131.17 Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 Q2 FY26 Q2 FY27 The company delivered a robust Q2FY27 performance, with Re
Slide 21: Profit & Loss Summary
F I N A N CI A L S U M M A R Y PROFIT & LOSS SUMMARY ( ₹ in crores ) Particulars Q2 FY27 Q1 FY27 Q2 FY26 YOY% QOQ% Revenue from Operations 160.20 130.01 131.17 22.13% 23.22% Total Income 161.39 131.61 132.21 22.07% 22.63% Total Operating Exp 131.04 105.80 103.77 26.28% 23.86% EBITDA (Excl. OI) 29.16
Slide 22: Management Commentary
MANAGEMENT COMMENTARY “22% REVENUE GROWTH AND 12% PAT GROWTH IN Q2.” ■ Revenue from operations grew 22.1% YoY to ₹160.20 crore in Q2 and 23.2% QoQ. H1 revenue rose 18.3% to ₹290.21 crore, ahead of the broader paints industry. ■ Growth came from the Wembley mass and mid-premium range now sold through
Slide 23: Management Commentary: Portfolio, Manufacturing and Brand
MANAGEMENT COMMENTARY PORTFOLIO, MANUFACTURING AND BRAND: PROGRESS IN Q2 ■ Wembley integration is on track — the dedicated facility runs production in one integrated setup, and the Wembley range is being extended to Sirca’s dealers beyond North India. ■ Localisation of acrylic and polyester systems:
Slide 24: Management Commentary: Pricing and Sourcing
MANAGEMENT COMMENTARY PRICING AND SOURCING LIMITED MARGIN DIP TO 42 BPS QoQ ■ We managed a sharp move in input costs — Brent crude rose from about $70 a barrel in early July to nearly $97 by end-September — and limited the EBITDA margin decline to 42 bps QoQ, at 18.20%. ■ Consolidated sourcing and l
Slide 25: Industry & Environment
INDUSTRY & ENVIRONMENT “INDUSTRY DEMAND HELD UP IN Q2, SUPPORTED BY PRICING AND PREMIUMISATION.” ■ Industry value growth was in double digits — the market leader reported 6–7% decorative volume growth and about 15% value growth. ■ Price increases are being accepted across the industry, allowing comp
Slide 26: Way Forward
WAY FORWARD PRIORITIES FOR H2 ■ Strengthen margins through calibrated pricing, procurement consolidation and a richer mix; we expect margins to improve gradually as price increases flow through. ■ Scale Wembley nationally — extend the range through Sirca’s branches and dealers across trade, contract
Slide 27: Way Forward (Continued)
WAY FORWARD PRIORITIES FOR H2 (CONTINUED) ■ Tier-2 and Tier-3 distribution — add depots, dealers and Sirca Studios at a measured pace, with Sirca Parivaar Pro supporting contractor loyalty. ■ OEM and institutional business — deepen relationships with furniture, modular kitchen and wardrobe manufactu
Slide 28: Closing Remark
CLOSING REMARK STEADY GROWTH IN H1; WELL POSITIONED FOR H2. In H1, revenue grew 18.3% to ₹290.21 crore and PAT grew 13.1% to ₹36.53 crore, despite a sharp rise in raw-material costs across the industry. With Wembley integrated, local manufacturing scaling up and a portfolio from economy to luxury, S
Slide 29: Connect With Us
CONNECT Hira Kumar COMPANY SECRETARY AND COMPLIANCE OFFICER WITH US Sirca Paints India Limited [email protected]