Linc Limited · NSE:LINC
Linc — Q2 FY27 Earnings Presentation
42 slides from Linc's earnings presentation, Nov 6, 2026
Slide 1: Cover letter to stock exchanges
6th November, 2026 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 Compl
Slide 2: Linc Limited Q2 FY27 Investor Presentation
LINC LIMITED Q2 FY27 INVESTOR PRESENTATION LINC LIMITED Q2 FY27 INVESTOR PRESENTATION NSE : LINC BSE : LINC Bloomberg : LINC:IN
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.
Slide 4: Inside This Presentation
INSIDE THIS PRESENTATION 1 INDUSTRY OUTLOOK 4 RECENT PARTICIPATION IN EXPOS 2 ABOUT LINC 5 WHY LINC 3 RECENT LAUNCHES 6 FINANCIAL SNAPSHOT
Slide 5: Industry Outlook
! INDUSTRY OUTLOOK
Slide 6: Global Stationery Industry Outlook
GLOBAL STATIONERY INDUSTRY OUTLOOK Global Stationery and Supplies Writing Instruments Market 4 ▪ The Stationery and Supplies market size is expected to grow (USD Billion) from USD 152.43 billion in 2025 to USD 160.22 billion in 2026 Market 1 (USD Billion) and is forecast to reach USD 205.64 billion
Slide 7: Opportunity in the Indian Market
OPPORTUNITY IN THE INDIAN MARKET Writing Instruments Market Growth Drivers Indian Writing Instruments India K - 12 Education Industry Market 1 (USD Billion) 2 ▪ India’s ~371 million youth (~27% of population) and ~68% working - age (USD Million) population create a structurally strong demand base fo
Slide 8: Pens - Global Trade Perspective
PENS- GLOBAL TRADE PERSPECTIVE Top 10 Exporters of Pens in CY 2026* Top 10 Importers of Pens in CY 2026* 478 473 (USD Million) (USD Million) 297 651 207 129 114 107 264 84 207 67 57 117 117 109 107 91 87 75 Japan Germany Mexico USA India USA Germany Mexico Netherlands Italy Netherlands Czechia Polan
Slide 9: About Us
ABOUT US Linc Ltd . is one of India’s largest & oldest writing instrument companies, with national and international presence, and a strong & extensive network across India along with SE Asia, Middle East, USA, UK, Europe, South America, & Africa . Presence in Established in 1976 3 Manufacturing Fac
Slide 10: Our Journey
OUR JOURNEY Established LINC On Subsidiary Acquired FY 26 Kenya Subsidiary FY 25 JV with Mitsubishi, SILKA (Turkish Partner) Umergaon Pentonic was launched. and Morris (South Korea) Production It was a Game Changer that FY 23 543 543 commenced in new featured Minimalistic design & factory Price at R
Slide 11: Company Snapshot – Q2 FY27
COMPANY SNAPSHOT – Q2 FY27 REVENUE FROM OPERATIONS OPERATING EBITDA PROFIT AFTER TAX1 Rs. 15,412 Lakhs Rs. 1,131 Lakhs Rs. 419 Lakhs 10.8% YoY (27.8%) YoY (50.5%) YoY NO. OF SKUs ROCE (%) AS ON SEP’26 NET DEBT AS ON SEP’26 3,175 2,237 Lakhs 11.0% ROE (%) AS ON SEP’26 MANUFACTURING FACILITIES 2 units
Slide 12: Key Highlights (1/2)
KEY HIGHLIGHTS (1/2) Figures in INR Lakhs OPERATING INCOME OPERATING EBITDA PROFIT AFTER TAX 1 54,301 29,307 5,949 2,341 3,274 999 13,767 1,046 Q4 1,778 Q3 12,929 677 1,290 Q2 13,907 15,412 846 1,567 1,131 419 Q1 13,698 13,895 1,314 1,209 705 581 FY26 FY27 FY26 FY27 FY26 FY27 1: PAT attributable to
Slide 13: Key Highlights (2/2)
KEY HIGHLIGHTS (2/2) Figures in INR Lakhs Operating Operating Profit Before Profit After Income EBITDA Tax Tax 1 Q2 FY27 15,412 1,131 748 419 Growth YoY 10.8% (27.8%) (44.3%) (50.5%) Growth QoQ 10.9% (6.4%) (5.7%) (27.9%) Margin (%) 7.3% 4.8% 2.7% EPS 0.70 1: PAT attributable to the owners of the Pa
Slide 14: Management Commentary
MANAGEMENT COMMENTARY “ We are pleased to report double-digit sales growth in Q2 FY27, supported by focused sales promotion initiatives and healthy growth in categories beyond writing instruments. Operating income stood at ₹15,412 lakhs, representing growth of 10.8% year on year and 10.9% sequential
Slide 15: Operational Highlights (1/3)
OPERATIONAL HIGHLIGHTS (1/3) Figures in INR Lakhs Writing Instruments Other Products Writing Instruments Other Products Revenue Own Brands Licensed Brands Own Brands Licensed Brands Premium Mass Q2 FY27 7,841 1,678 2,452 408 704 Sales Contribution (%) 59.9% 12.8% 18.7% 3.1% 5.4% Q2 FY26 6,829 2,224
Slide 16: Operational Highlights (2/3)
OPERATIONAL HIGHLIGHTS (2/3) Figures in INR Lakhs Writing Instruments Other Products Writing Instruments Other Products Revenue Own Brands Licensed Brands Own Brands Licensed Brands Premium Mass H1 FY27 15,748 2,879 4,857 961 1,150 Sales Contribution (%) 61.5% 11.2% 19.0% 3.8% 4.5% H1 FY26 14,552 3,
Slide 17: Operational Highlights (3/3)
OPERATIONAL HIGHLIGHTS (3/3) ▪ Spent over ₹ 5,000 lakhs on brands over last 5 years 3.1% 2.8% 2.3% 2.3% 1.6% 1.7% 1.9% 1.5% 1.5% 36,694 39,996 25,666 35,496 48,676 50,785 54,348 54,301 29,307 FY 19 FY 20 FY 21 FY 22 FY 23 FY24 FY25 FY26 H1 FY27 Revenue Advertisement/Revenue(%)
Slide 18: Recent Launches
RECENT LAUNCHES PENTONIC CLIPZ PENTONIC OOPS PENTONIC SQUAD PENTONIC GUMSTICK
Slide 19: Recent Launches
RECENT LAUNCHES PENTONIC BALL PEN PRINTED FOILS
Slide 20: Recent Launches
RECENT LAUNCHES LINC GELITE LINC STARLINE 2.0 LINC SIGNETTA AERO
Slide 21: Marketing Activities
MARKETING ACTIVITIES DUR GA PUJA 2026 | KOLKATA CINEM A ACTIVATION AIRPORT M EDIA RETAIL B RANDING 13,000 PENS. ONE GODDESS. From pen to pratima. How we turned everyday Pentonic pens into a sculptural celebration of Durga Puja – and a story audiences, creators and publishers chose to amplify.
Slide 22: Recent Participation in Expos
RECENT PARTICIPATION IN EXPOS PA P E R W O R L D ● DELHI
Slide 23: STACKOO - Experience, Explore, Inspire
STACKOO- EXPERIENCE, EXPLORE, INSPIRE A New - Age Retail MUMBAI OUTLET KOLKATA OUTLET Experience STACKOO is LINC’s retail outlet - cum - product experience centre, bringing its extensive portfolio of writing instruments, stationery and allied products closer to consumers through an engaging experien
Slide 24: Unbottle Your Limits
UNBOTTLE YOUR LIMITS EVERYDAY LIFESTYLE ACTIVE & ON-THE-GO KIDS & YOUNG USERS Slim | Charm | Fami Active | Whim | Base Boo | Gummy | Rudy
Slide 25: Leadership
LEADERSHIP MR. DEEPAK JALAN MR. ALOKE JALAN MR. ROHIT DEEPAK JALAN MR. N.K.DUJARI Managing director , Whole time director , Whole time director , Director finance & CFO, • Commerce graduate with 39 • BA Hons. in Management Studies • Chartered Accountant (All • Commerce graduate with 34 years’ experi
Slide 26: Why Linc?
WHY LINC? 01 04 Focus on premiumization ; Steadily increasing Expanding horizons through strategic the share of high - margin products in overall joint ventures and capacity expansions revenue 02 05 Inroads into adjacent categories by Focus on making a more homogenous entering the high - value stati
Slide 27: Focus on Premiumization
FOCUS ON PREMIUMIZATION 34.3% 35.6% 34.4% Pentonic brand 34.0% 29.9% introduced in 25.5% 20.0% FY19 as a 17.2% minimalistic yet 7.0% contemporary 0.0% pen, known for its FY 18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 H1 aesthetics as well FY27 Pentonic Share in Revenue as writing smoothness 26
Slide 28: Inroads into Stationery Products
INROADS INTO STATIONERY PRODUCTS Favorable Market Tailwinds: The Indian stationery and art materials market is growing at a robust 13% CAGR, set to reach ₹72,000 crores by FY’28. 1 Diversified Product Roadmap : New launches in markers, calculators, and other stationery products to strengthen presenc
Slide 29: Focus on Shareholder Value Creation
FOCUS ON SHAREHOLDER VALUE CREATION Net Cash from Operating Activities Vs Dividend Net Debt and Net Debt/Operating EBITDA (In INR Lakhs) Payout (In INR Lakhs) 2.44 6,194 4,562 5,693 52% 1.19 4,723 4,338 2,237 797 3,835 3,801 33% 0.78 290 3,327 3,317 20% 22% 24% 27% 12% 0% 0.48 2,044 (760) (765) 892
Slide 30: Subsidiaries & Joint Ventures
OUR STRATEGIC INITIATIVES – SUBSIDIARIES & JOINT VENTURES 5 Strategic JVs and Subsidiaries - Driving Growth Across Markets 1 2 3 4 5 JV with Mitsubishi JV with our Turkish Subsidiary with Morris Kenya Subsidiary Linc On Subsidiary Pencil Co. (Japan) Partner (Korea) • The joint venture remains • Oper
Slide 31: Wider Penetration Across India
WIDER PENETRATION ACROSS INDIA ▪ India has over 10 Mn non - stationery outlets ▪ Increasing footprint in West and South India from 27% to 39% between FY19 to H1 FY27; steadily moving towards a more homogenous presence across India Revenue Share FY19 Revenue Share H1 FY27 13.0% 17.0% 32.0% 14.0% 42.0
Slide 32: Sustainable Value Creation
SUSTAINABLE VALUE CREATION ▪ Pentonic’s individual plastic wrapper packaging has been consciously substituted with paper box packaging of 10/20pcs ▪ Linc’s Pentonic 75, made from 75% recycled plastic , underscores its commitment to sustainable product innovation. ▪ Strongly believes in diversity in
Slide 33: Pentonic - India's First Guilt-Free Pens
pentonic INDIA'S FIRST GUILT-FREE PENS Every plastic pen carries the guilt of being a polluter. So we decided to fight back. Pentonic is now making pens that consist of 75% recycled plastic. Talk about having a clean sheet. PeNCONICc & 75%
Slide 34: Financial Snapshot
! FINANCIAL SNAPSHOT
Slide 35: Quarterly Profit & Loss
QUARTERLY PROFIT & LOSS Figures in INR Lakhs Particulars Q2 FY27 Q2 FY26 YoY % Q1 FY27 QoQ % H1 FY27 1.65 H1 FY26 YoY % FY26 Operating Income 15,412 13,907 10.8% 13,895 10.9% 29,307 27,605 6.2% 54,301 Operating EBITDA 1,131 1,567 (27.8%) 1,209 (6.4%) 2,341 2,881 (18.8%) 5,949 Op. EBITDA Margin (%) 7
Slide 36: Balance Sheet Summary
BALANCE SHEET SUMMARY Figures in INR Lakhs 30- SEP - 25 31- MAR - 26 30- SEP - 26 ROE (%) 2 ROCE (%) 2 Net Worth 24,227 25,979 26,799 13.0% 13.3% 18.2% 18.7% Gross Debt 652 643 2,367 8.5% Cash & Cash Equivalent 1,956 1,329 130 11.0% Net Debt (1,304) (686) 2,237 Net Fixed Assets 13,451 14,078 17,306
Slide 37: Shareholding Pattern
SHAREHOLDING PATTERN As on 30 th Sep 2026 61.2% PROMOTER & PROMOTER GROUP 23.8% OTHER PUBLIC 0.3% IEPF 13.5% 1.2% MITSHUBISHI PENCIL CO LTD NRI, FII, AIF ETC.
Slide 38: Thank You
For further details please contact Director Finance & CFO N.K.Dujari THANK YOU Email: investors@linclimited.com Investor Relations Advisor Sanjeev Sancheti Email: ir@uirtus.in
Slide 39: Annexures
! ANNEXURES
Slide 40: Profit & Loss Summary
PROFIT & LOSS SUMMARY Figures in INR Lakhs Particulars FY22 FY23 FY24 FY25 FY26 Operating Income 35,496 48,676 50,785 54,348 54,301 Operating EBITDA 2,153 6,136 5,642 6,440 5,949 Operating EBITDA (%) 6.1% 12.6% 11.1% 11.8% 11.0% Share of Profit/(Loss) of JV - - 0.09 (25) (376) PAT3 813 3,740 3,421 3
Slide 41: Balance Sheet Summary
BALANCE SHEET SUMMARY Figures in INR Lakhs Particulars F Y22 FY23 FY24 FY25 FY26 Net Worth 14,285 17,722 20,585 23,571 25,979 Gross Debt 299 - 692 636 643 Cash & Cash Equivalent 9 760 1,456 2,505 1,329 Net Debt 290 (760) (765) (1,869) (686) Capital Employed 1 15,178 18,730 23,867 26,972 29,295 Net F
Slide 42: Ratios
RATIOS Particulars Ratios F Y22 FY23 FY24 FY25 F Y 26 Solvency Ratios Net Debt/ Equity 0.02 (0.04) (0.04) (0.08) (0.03) Net Debt/ Op EBITDA 0.13 (0.12) (0.14) (0.29) (0.12) EBIT/ Interest 15.81 79.78 18.91 18.43 16.59 Operational Ratios Current Ratio 2.14 2.56 2.22 2.38 2.50 Fixed Asset Turnover 4.6