Sirca Paints India Ltd. · NSE:SIRCA
Sirca Paints India — Q2 FY26 Earnings Presentation
28 slides from Sirca Paints India's earnings presentation, Nov 10, 2025
Slide 1: Submission of Investor Presentation to NSE and BSE
November 10, 2025 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 FY26 Earnings Presentation
Q2 FY 26 EARNINGS PRESENTATION
Slide 3: Company Profile
COMPANY PROFILE
Slide 4: An Intro
AN INTRO Sirca Paints India Limited (SPIL) is a leading manufacturer & Importer of wood coating products in India, with a history spanning two decades. Offering premium quality wood finishes under brands like 'Sirca' and 'Unico', SPIL caters to the emerging aesthetic needs of the furnishing market.
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+ Mn presence in 85+ countries, the company boasts 2 production plants and over 800+ employees. Its focus on research TURNOVER
Slide 6: OEM Vendor, Market Leader, Sole & Exclusive Licensee
5 800+ 20+ 900+ Manufacturing Team Branches and OEM’s facilities Strength Depots Clientele OEM MARKET SOLE & 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: Value Proposition: Wembley Range
VALUE PROPOSITION Recent Additions to our Product Portfolio Expansion WEMBLEY RANGE
Slide 9: Wood Coatings, Wall Textures & Others
WOOD COATINGS Mass Market Range Nitrocellulose (NC), Melamine, PU Coatings and Thinners WALL TEXTURES & OTHERS OIKOS Portfolio (Super luxury high-end wall textures)
Slide 10: Brand Portfolio
BRAND PORTFOLIO Recent Additions to our Product Portfolio Expansion Sirca Unico WEMBLEY (Newly Luxury High-end Italian Mass-market Wood Acquired) Wood Coatings. Coatings products Enamels, Nc, Wall paints Sanding Sealer, TT Clear, Lacquer etc. OIKOS WELCOME Super Luxury High-end Paint Thinners & Wall
Slide 11: Nationwide Presence, Trusted Excellence
JAGADHARI JAMMU AND KASHMIR MOHALI LUDHIANA NOIDA RUDRAPUR NATIONWIDE PRESENCE, KARNAL WEMBLEY (TIKRI) NEPAL NATHUPUR PU UNIT, BAHADURGARH WP UNIT, UNIT-3 AMBALA TRUSTED DEHRADUN DELHI SILIGURI GURUGRAM MORADABAD EXCELLENCE JAIPUR GUWAHATI INDORE BANGLADESH KOLKATA NAGPUR At Sirca, we take pride in
Slide 12: 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 13: Marketing and Promotional Activities
MARKETING AND PROMOTIONAL ACTIVITIES ~1400+ Shop boards installed, resulting in enhanced visibility. Refreshed brand positioning as “Your Italian Autograph”.
Slide 14: An Italian Autograph
AN ITALIAN » AUTROGRAPH ; Sirca> WOOD COATINGS (ITALY) Eh Sirca} _vaswrenenss | WOOD COATINGS (ITALY)
Slide 15: 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 16: 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 17: 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 18: 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 19: 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 20: 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 Bank. He leads each firm’s lines of business - Banking
Slide 21: Q2 FY26 Result Discussion
Q2 FY26 RESULT DISCUSSION
Slide 22: Q2 FY26 Result Discussion
Q2 FY26 RESULT DISCUSSION "STRONG PERFORMANCE IN A HIGHLY COMPETITIVE ENVIRONMENT." 131.17 27.40 24.37% 44.52% 105.46 18.10 36.30% 18.96 13.28 Q2FY25 Q2FY26 Q2FY25 Q2FY26 Q2FY25 Q2FY26 The company delivered a robust Q2FY26 performance, with Revenue up 24.37% to ₹131.17 crore. EBITDA rose 44.52% to ₹
Slide 23: 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 FY26 Q1 FY26 Q2 FY25 YOY% QOQ% Revenue from 131.17 114.24 105.46 24.37% 14.82% Operations Total Income 132.21 114.45 106.31 24.37% 15.52% Total Operating Exp 103.77 91.68 86.51 19.96% 13.19% EBITDA (Excl. OI) 27.40 2
Slide 24: Management Commentary
Q2 FY26 RESULT DISCUSSION MANAGEMENT COMMENTARY Revenue from Operations: • Increased to INR 131.17 Cr in the current quarter from INR 105.46Cr in Q2 FY25. • A growth of 24.37%. • Growth driven by better product mix with a focus on high-value product sales. EBITDA: • Increased from INR 18.96 Cr (Q2 F
Slide 25: Q2FY26 Outlook & Way Forward
Q2FY26 OUTLOOK & WAY FORWARD As we progressed through the second quarter of FY26, Sirca Paints India Limited remained focused on strategic product innovation and market expansion amid a challenging and competitive market environment. The quarter was characterized by extended monsoons , implementatio
Slide 26: Q2FY26 Outlook & Way Forward
Q2FY26 OUTLOOK & WAY FORWARD Operational Integration and Capacity Expansion To enhance efficiency and scalability, Sirca undertook a strategic capex initiative to integrate the three manufacturing units of the Wembley brand into a single consolidated production facility. This integration is expected
Slide 27: Q2FY26 Outlook & Way Forward
Q2FY26 OUTLOOK & WAY FORWARD Market Recovery and Demand Outlook Some green shoots are now visible, particularly across urban markets and organized manufacturing sectors. This improving sentiment, supported by Sirca’s differentiated product offerings, is expected to translate into renewed growth mome
Slide 28: Connect With Us
CONNECT Hira Kumar COMPANY SECRETARY AND COMPLIANCE OFFICER WITH US Sirca Paints India Limited cs@sircapaints.com