Sirca Paints India reported a consolidated revenue of ₹492.48 crore and a profit of ₹65.02 crore for FY26. The company recommended a dividend of ₹2 per share and aims for ₹1,000 crore revenue by FY29.
Sirca Paints India Reports Strong FY26 Performance, Eyes ₹1,000 Cr Revenue by FY29
Sirca Paints India Limited has announced its financial results for the fiscal year ended March 31, 2026, reporting a consolidated revenue of ₹492.48 crore and a profit of ₹65.02 crore.
Reader Takeaway: Strong growth momentum and clear expansion plans signal future potential, but raw material costs pose a risk.
What just happened
Sirca Paints India reported a consolidated revenue of ₹492.48 crore for FY26, a significant increase from ₹373.68 crore in FY25, marking a 31.79% growth. The company's profit for the year also saw a substantial rise, reaching ₹65.02 crore from ₹49.06 crore in the previous fiscal year, a 32.54% increase.
Why this matters
The robust financial performance indicates successful market penetration and execution of the company's growth strategies. The strong bottom-line growth suggests improved operational efficiencies. The board's recommendation of a ₹2 per equity share dividend reflects confidence in its financial stability and commitment to shareholder returns.
The backstory
Sirca Paints has been focused on diversifying its product offerings and expanding its reach into Tier-2 and Tier-3 markets. This strategy has been instrumental in driving its recent financial successes.
What changes now
The company has set an ambitious target of achieving ₹1,000 crore in revenue by FY29, with a projected revenue growth of 25–30% CAGR. To support this expansion, Sirca Paints plans a capital expenditure of ₹5–6 crore in FY27 for acrylic manufacturing capacity enhancement.
Risks to watch
Investors should be mindful of the potential impact of raw material price volatility, particularly petrochemical-based inputs influenced by crude oil prices. The highly competitive Indian paints and coatings sector also requires continuous innovation and market presence.
Peer comparison
[Peer comparison data is not available in the provided filing text.]
Context metrics (time-bound)
- FY26 Consolidated Revenue: ₹492.48 crore
- FY26 Consolidated PAT: ₹65.02 crore
- FY25 Consolidated Revenue: ₹373.68 crore
- FY25 Consolidated PAT: ₹49.06 crore
- FY26 Revenue Growth: 31.79%
- FY26 PAT Growth: 32.54%
- Recommended Dividend: ₹2 per equity share
- Revenue Growth Target: 25–30% CAGR
- FY29 Revenue Target: ₹1,000 crore
- Planned Capex (FY27): ₹5–6 crore
What to track next
Investors will be looking for updates on the execution of the acrylic manufacturing capacity expansion and the company's ability to manage input cost pressures while maintaining its EBITDA margin guidance of 19–21%.