Slide 1: Accelerating Momentum: Carysil Q4 & FY26 Investor Presentation
ACCELERATING MOMENTUM CARYSIL LIMITED Q4 & FY26 Investor Presentation May 2026 BRAND DEVELOPMENT TALENT ACQUISITION INNOVATION GLOBALISATION DIVERSIFICATION EXPANSION
Slide 2: prepared by Carysil Limited (the “Company”), have been prepared solely for
This presentation and the accompanying slides (the “Presentation”), which have been prepared by Carysil Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not
Slide 3: Table of Contents
Table of Contents Q4 & FY26 Highlights Company Overview Investment Thesis
Slide 4: Q4FY26 Highlights
A, 4FV26 Highlights
Slide 5: Carysil: World Class Manufacturing - Made in India
Carysil : World Class Manufacturing - Made in India Carysil’s journey has been shaped by strong core values, resilience, and a commitment to quality and design that are embedded in our manufacturing with german DNA. Our focus on responsiveness and international scale has enabled us to navigate compl
Slide 6: Operational Highlights
Operational Highlights Quartz kitchen sink capacity is being expanded from 1.0 Mn to 1.25 Mn units per annum, driven by US retail chain partnerships, with ~₹50 crore committed investment and operational by Q4 FY27. With capacity utilisation at ~78% in Q4 FY26 and ~78% in FY26, the expansion is deman
Slide 7: Sustained Operating Momentum over past 5 Quarters
Sustained Operating Momentum over past 5 Quarters Total Income* EBITDA PAT After MI 13.6% 30.6% 54.1% 15.4% 34.0% 45.7% 932 185 27 27 244 50 48 142 237 44 44 23 21 98 227 224 36 19 820 64 205 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 FY25 FY26 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 FY25 FY26 Q4 FY25
Slide 8: Standalone Profit & Loss Statement
Standalone Profit & Loss Statement Particulars (Rs. Crs.) Q4FY26 Q4FY25 Y-o-Y Q3FY26 Q-o-Q FY26 FY25 Y-o-Y Revenue 125.8 108.7 15.7% 122.8 2.4% 504.6 420.3 20.1% Gain / (Loss) on Foreign Exchange 2.5 0.9 173.1% 1.2 111.7% 7.3 4.2 72.2% Total Income 128.3 109.6 17.0% 124.0 3.5% 511.9 424.5 20.6% Raw
Slide 9: Standalone Balance Sheet
Standalone Balance Sheet Assets (Rs. Crs.) Mar-26 Mar-25 Liabilities (Rs. Crs.) Mar-26 Mar-25 Non-current assets 355.9 311.6 Total Equity 466.5 408.9 Property Plant & Equipment 210.2 197.1 Share capital 5.7 5.7 Right to use of assets 8.6 9.4 Other Equity 460.8 403.2 Goodwill - - Non Controlling Inte
Slide 10: Standalone Cashflow Statement
Standalone Cashflow Statement Particulars (Rs. Crs.) FY26 FY25 Net Profit For The Year 63.7 36.9 Adjustments for: Non-Cash Items / Other Investment or Financial Items 52.3 42.9 Operating profit before working capital changes 115.9 79.8 Changes in working capital -6.5 -56.4 Cash generated from Operat
Slide 11: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (Rs. Crs.) Q4FY26 Q4FY25 Y-o-Y Q3FY26 Q-o-Q FY26 FY25 Y-o-Y Revenue 233.7 204.2 14.5% 222.6 5.0% 924.0 815.6 13.3% Gain / (Loss) on Foreign Exchange 2.9 0.9 225.6% 1.3 125.4% 7.9 4.4 78.6% Total Income 236.7 205.1 15.4% 223.9 5.7% 931.8 819.9 13.6% Ra
Slide 12: Consolidated Balance Sheet
Consolidated Balance Sheet Assets (Rs. Crs.) Mar-26 Mar-25 Liabilities (Rs. Crs.) Mar-26 Mar-25 Non-current assets 520.9 458.9 Total Equity 614.4 531.3 Property Plant & Equipment 310.5 249.3 Share capital 5.7 5.7 Right to use of assets 15.0 13.1 Other Equity 602.7 520.8 Goodwill 113.8 113.5 Non Cont
Slide 13: Consolidated Cashflow Statement
Consolidated Cashflow Statement Particulars (Rs. Crs.) FY26 FY25 Net Profit For The Year 99.0 64.3 Adjustments for: Non-Cash Items / Other Investment or Financial Items 76.0 76.4 Operating profit before working capital changes 174.9 140.7 Changes in working capital -33.4 -59.9 Cash generated from Op
Slide 14: Strengthening International Presence
Strengthening International Presence Carysil Products Limited Carysil Surfaces Limited United Granite LLC Revenue Revenue Revenue (Mn. GBP) (Mn. GBP) (Mn. $) 11.3 12.9 8.4 12.0 14.9 9.7 FY25 FY26 FY25 FY26 FY25 FY26 14
Slide 15: Balanced Revenue Profile
Balanced Revenue Profile Product-wise Revenue Geography-wise Revenue 11% 11% 9% 9% 25% 25% 28% 26% 11% 13% 14% 14% 12% 12% 16% 18% 19% 16% 14% 20% 11% 14% 11% 11% 37% 40% 33% 32% 48% 49% 48% 51% 24% 23% 21% 25% Q4 FY25 Q4 FY26 FY25 FY26 Q4 FY25 Q4 FY26 FY25 FY26 Quartz sink Steel Sink Kitchen Applia
Slide 16: Consistent Growth
Consistent Growth Quartz Sink Volumes (Units in ‘000s) Steel Sink (Units in ‘000s) Kitchen Appliances & Others# (Units in ‘000s) Rs. Crores 71 167 782 155 63 650 55 55 645 128 564 48 514 105 109 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 Total Income** EBITDA^ PAT Aft
Slide 17: Diversified & De-Risked Revenue Profile
Diversified & De-Risked Revenue Profile Balanced mix across products and markets enhances business resilience Revenue by Product Revenue by Geography 11% 24% 35% 16% FY20 FY20 14% 73% 27% 23% 26% 33% FY26 51% FY26 12% 19% 11% 25% Quartz Sinks Stainless Steel Sinks Kitchen Appliances & Others Surface
Slide 18: Investment-Led Transition Phase
Investment - Led Transition Phase Margins and returns adjusting amid ongoing growth investments Gross Margins Normalizing After Peak Levels Return Ratios Adjusting with Capacity & Capital Expansion 32.7% 60.3% 61.7% 58.0% 55.1% 57.5% 54.2% 54.0% 54.0% 48.6% 50.3% 49.1% 28.7% 24.2% 23.7% 25.7% FY16 F
Slide 19: Strengthening Balance Sheet & Improving Financial Resilience
Strengthening Balance Sheet & Improving Financial Resilience CFO / EBITDA Net Debt / Equity (x) Interest Coverage Ratio (x) Debt Repayment 0.8 69% 10 42 66% 0.68 59% 8.4 7.7 33 50% 44% 0.49 41% 0.42 5.7 0.37 4.9 4.8 0.34 FY21 FY22 FY23 FY24 FY25 FY26 FY21 FY22 FY23 FY24 FY25 FY26 FY25 FY26 FY21 FY22
Slide 20: 2028: The Next Frontier
2028 : The Next Frontier Growth in Domestic & Market Expansion Through Product Mix Upgrade & International Partnerships Distribution & Brand-led Penetration Manufacturing Scale Efficiencies Indicators : Revenue EBITDA Margin 20% 18 % 19.9% 18.3% 17.3% +13% 924 cr 816 cr 594 cr FY23 FY25 FY26 FY28 20
Slide 21: Company Overview
Company Overview
Slide 22: Precision, Innovation and Quality at Scale
Precision, Innovation and Quality at Scale Asia’s largest and the world’s fourth-largest quartz kitchen sink manufacturer by scale Winning Operational Business Marketing Strength & Model Excellence Metrics Global Reach • Extensive Global distribution network • 6 state-of-the-art • Revenue CAGR 18% •
Slide 23: Scaling Products Across a Growing Addressable Market
Scaling Products Across a Growing Addressable Market Completing the Integrated Kitchen-Bath Portfolio Kitchen Bathroom Quartz Sinks Stainless Steel Sinks Built-in Appliances Faucets Surfaces 51% Revenue 11% Revenue 12% Revenue 26% Revenue USD 3.8 bn USD 3.7 bn USD 0.5 bn USD 0.2 bn USD 51.2 bn Expec
Slide 24: A Journey of Scalable Innovation
A Journey of Scalable Innovation From brand creation to scale-led margin expansion through technology and premiumization (1996 - 2005) (2006 - 2015) (2016 - 2026) Capability & Export Foundation Global Footprint & Brand Build-Up Technology Validation → Scale → Margin Expansion 2017 : Entry into bath
Slide 25: Investment Thesis
\N Investment Thesis
Slide 26: Well Invested Manufacturing Facility
Well Invested Manufacturing Facility Integrated, scalable and export-ready infrastructure FAUCET AND APPLIANCES PLANT STEEL PLANT QUARTZ SINK PLANT WAREHOUSE 4 fully integrated Single-location manufacturing hub in ~1 lakh sq. meters of land area, End-to-end in-house production manufacturing faciliti
Slide 27: Client Relationships built on decades of excellence
Client Relationships built on decades of excellence Trusted manufacturing partner to leading global brands • Carysil is the sole supplier of Quartz sink. • Entered into long term agreement with Karran USA to supply 150,000 quartz sinks annually. • Entered into partnership with IKEA Supply AG, Switze
Slide 28: Domestic Business to grow 3x in next 3-4 years
Domestic Business to grow 3x in next 3-4 years Increasing brand visibility through wider channel reach Growing Dealer Footprint Distributors 4500+ 4000+ 3100+ 3200+ 1500+ 1500+ 1500+ 1500+ 1200+ 1300+ 800+ 400+ 550+ FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 Growth in Distribut
Slide 29: Carysil meeting Global excellence standards
Carysil meeting Global excellence standards Expanding international presence supported by global standards Company presently exports to over 55+ countries. Plan to expand further by acquiring new customers and penetrating in new geographies Pillars of Global Competitiveness Structural Market Positio
Slide 30: Building the Carysil Brand
Building the Carysil Brand Strengthening brand equity through digital, retail, and global marketing initiatives Carysil has signed renowned public figure and influencer ‘Mira Kapoor’ for new marketing campaign for its ‘Carysil’ Brand. Unveiled its state-of-the-art Experience Centre in Ahmedabad rece
Slide 31: Board of Directors
Board of Directors Diverse expertise supporting long-term strategy and oversight Mr. Chirag A. Parekh Mr. Anand Sharma Chairman and Managing Director Executive Director and Group Chief Financial Officer A graduate of European University, Mr. Parekh joined our Company in 1993. Since then, A qualified
Slide 32: Go India Advisors - Investor Relation contact
Carysil Ltd. CIN: L26914MH1987PLC042283 Anand Sharma Executive Director & Group CFO cfo@carysil.com www.carysil.com Go India Advisors - Investor Relation contact Garima Singla Diya Kaswa Go India Advisors Go India Advisors Email : garima@goindiaadvisors.com Email : diya@goindiaadvisors.com M : 91 9