Linc Limited · NSE:LINC
Linc — Q2 FY26 Earnings Presentation
17 slides from Linc's earnings presentation, Nov 10, 2025
Slide 1: Cover letter to stock exchanges
10th November, 2025 The Listing Department, The Manager The Manager, The Calcutta Stock Exchange Ltd. Department of Corporate Listing Department, 7, Lyons Range, Services, National Stock Exchange of India Ltd. Kolkata – 700001 BSE Limited Exchange Plaza, P. J. Towers, Dalal Street, Bandra Kurla Comp
Slide 2: Linc Limited Q2 FY26 Earnings Presentation
LINC LIMITED Q2 FY26 EARNINGS PRESENTATION
Slide 3: Safe Harbour Statement
SAFE HARBOUR STATEMENT This presentation may contain certain “forward-looking statements” within the meaning of applicable securities laws and regulations, which may include those describing the Company’s strategies, strategic direction, objectives, future projects and/or prospects, estimates etc. I
Slide 4: About Us
ABOUT US Linc Ltd., one of India’s largest & oldest writing instrument company with national and international presence, has strong & extensive network across India along with SE Asia, Middle East, USA, UK, Europe, South America, & Africa o Among Top 3 o New Writing brands in Instrument India for o
Slide 5: Company Snapshot – Q2 FY26
COMPANY SNAPSHOT – Q2 FY26 35.6% 1,829 lacs 21.2% Q2 FY26 Pentonic Revenue Share No. of Pens sold in Q2 FY26 Export revenue % in Q2 FY26 ₹ 13,907 Lacs Revenue From Operations 18.2% Return on Capital Employed 2 11.3% Operating. EBITDA Margin 13.0% Return on Equity 2 ₹ 846 Lacs Profit After Tax 1 (0.0
Slide 6: Management Commentary
MANAGEMENT COMMENTARY The second quarter of FY26 was a steady one, with revenue growing by 1.3% year-on-year. Our operating EBITDA margin, however, declined by 3.8%, primarily due to higher employee costs arising from scheduled annual increments. Net profit saw a 3.7% dip, largely on account of loss
Slide 7: Key Highlights (1/5)
KEY HIGHLIGHTS (1/5) All numbers in ₹ Lacs. OPERATING INCOME OPERATING EBITDA PROFIT AFTER TAX1 54,348 27,605 6,440 2,881 3,804 1,551 15,393 1,924 1,211 Q4 Q3 12,216 1,461 872 Q2 13,728 13,907 1,629 879 1,567 846 Q1 13,698 13,011 1,425 1,314 843 705 FY25 FY26 FY25 FY26 FY25 FY26 1: PAT attributable
Slide 8: Key Highlights (2/5)
KEY HIGHLIGHTS (2/5) Operating Income Operating EBITDA Profit Before Tax Profit After Tax 1 Q2 FY26 13,907 1,567 1,344 846 Growth YoY 1.3% (3.8%) 14.0% (3.7%) Growth QoQ 1.5% 19.3% 36.0% 20.1% Margin2(%) 11.3% 9.5% 6.0% EPS 2 1.42 1: PAT attributable to the owners of the Parent; 2: EPS, considering
Slide 9: Key Highlights (3/5)
KEY HIGHLIGHTS (3/5) 30-Sep-24 31-Mar-25 30-Sep-25 ROE (%) 2 ROCE (%) 2 Net Worth 21,514 23,571 24,227 17.1% 21.3% 16.3% Gross Debt 680 636 652 13.0% 20.0% Cash & Cash Equivalent 1,156 2,505 1,956 18.2% Net Debt (475) (1,869) (1,304) Sep'24 Mar'25 Sep'25 Sep'24 Mar'25 Sep'25 Net Fixed Assets 12,543
Slide 10: Key Highlights (4/5)
KEY HIGHLIGHTS (4/5) Writing Instruments Other Products Revenue Own Brands Licensed Brands Own Brands Licensed Brands Pentonic Linc & Others Uni-Ball Pentonic Linc & Others Deli Q2 FY26 4,780 5,071 2,429 192 916 603 Sales Contribution (%) 34.2% 36.2% 17.4% 1.4% 6.5% 4.3% Q2 FY25 4,433 4,811 2,396 36
Slide 11: Key Highlights (5/5)
KEY HIGHLIGHTS (5/5) Trade Channel Revenue General Trade Corporate Modern Trade E-Commerce Exports Q2 FY26 8,741 602 875 806 2,965 Sales Contribution (%) 62.5% 4.3% 6.3% 5.8% 21.2% Q2 FY25 9,649 656 398 537 2,328 Sales Contribution (%) 71.1% 4.8% 2.9% 4.0% 17.2% Q1 FY26 7,520 1,873 1,313 571 2,477 S
Slide 12: Operational Highlights (1/3)
OPERATIONAL HIGHLIGHTS (1/3) REVENUE SHARE H1 FY26 FOCUS ON BRAND BUILDING 54,348 50,785 3.1% 48,676 30% 2.8% 22% 39,996 36,694 35,496 2.3% 2.3% 27,605 25,666 1.6% 1.5% 1.6% 1.7% 17% 31% 539 1,242 414 602 1,380 1,179 1,236 441 FY 19 FY 20 FY 21 FY 22 FY 23 FY24 FY25 H1 FY26 East India North India We
Slide 13: Operational Highlights (2/3)
OPERATIONAL HIGHLIGHTS ( 2/3) GROWTH IN AVERAGE REALIZATION OF PENS (₹)1 6.58 6.13 5.80 5.83 5.88 5.53 5.62 5.57 5.62 6.36 6.21 5.67 5.64 5.42 4.90 4.52 4.32 3.96 3.65 FY 18 FY 19 FY 20 FY 21 FY 22 FY 23 FY24 FY25 H1 FY25 H1 FY26 Average Pentonic o Consistent increase in average selling price Note:
Slide 14: Operational Highlights (3/3)
OPERATIONAL HIGHLIGHTS (3/3) FOCUS ON HIGHER MARGIN PRODUCTS Volume of Pens Sold in lacs 35.6% 36.5% 34.3% 7,107 o Pentonic positioned at ₹ 10 + segment 29.9% 25.5% 2,960 o Pentonic GPM ~ 44% 168 3,870 3,746 o Increase in revenue share of 'Pentonic' 1,602 1,435 over the last 5 years 84 80 3,979 7.0%
Slide 15: Quarterly Profit & Loss
QUARTERLY PROFIT & LOSS QoQ Particulars Q2 FY26 Q2 FY25 YoY Change Q1 FY26 H1 FY26 H1 FY25 YoY Change FY25 Change Operating Income 13,907 13,728 1.3% 13,698 1.5% 27,605 26,739 3.2% 54,348 Operating EBITDA 1,567 1629 (3.8%) 1,314 19.3% 2,881 3,054 (5.7%) 6,440 Operating EBITDA 11.3% 11.9% (60 bps) 9.
Slide 16: Focus on Shareholder Value Creation
FOCUS ON SHAREHOLDER VALUE CREATION NET CASH FROM OPERATING ACTIVITIES VS NET DEBT AND DIVIDEND PAYOUT NET DEBT/OPERATING EBITDA NCOA Dividend Dividend Payout % Net Debt Net Debt/ Operating EBITDA 5,693 52% 2.44 4,723 4,338 6,194 3,835 3,801 33% 3,317 20% 22% 4,562 12% 24% 2,625 0% 1.19 2,044 892 74
Slide 17: Shareholding Pattern
SHAREHOLDING PATTERN As on 30th Sep’25 23.8% 1.5% 0.3% 61.0% 13.5% Promoters Mitshubishi Pencil Co Ltd IEPF NRI, FII, AIF etc. Other Public