Sirca Paints India Limited has informed the Exchange about Investor Presentation

August 02, 2025

To, The Managing Director National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No. C/1 G-Block, Bandra-Kurla Complex, Bandra (E), Mumbai NSE Symbol-SIRCA

400051

To, The General Manager BSE Limited Department of Corporate Services Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400001 BSE Scrip Code:543686

SUB: SUBMISSION OF INVESTOR PRESENTATION

Pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosures find enclosed herewith Earnings Requirements) Regulations, 2015, please Presentation of Q1& FY26 of the Company.

This is for your information and record.

Thanking you,

Yours faithfully, For Sirca Paints India Limited

Hira Kumar Company Secretary & Compliance Officer

Encl: As above

EARNINGS PRESENTATION

Q1 FY 26

COMPANY PROFILE

INTRODUCTION

Sirca Paints India Limited (SPIL) is a leading manufacturer 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. With state of art manufacturing facilities in place, SPIL is poised to

become a top player in India's wood coatings sector. Eyeing global expansion, SPIL aims to export its products to

countries like Nepal, Bangladesh, and Sri Lanka.

Exclusive License Products to Nepal, Bangladesh & Sri Lanka

Newly Commissioned Manufacturing Facility

About Sirca S.P.A (Italy)

Established in 1973, Sirca is a key player in the Durante Group specializing in Italian wood paints. With a global presence

in 85+ countries, the company boasts 2 production plants and over 800+ employees. Its focus on research and

development is evident with over 20% of staff dedicated to technical roles. Sirca's premium wood coatings are

developed in collaboration with Italy’s top furniture brands.

85+

Countries

779

Employees

2

€180+ Mn

Production Plant

Turnover

SPIL AT A GLANCE

EXCLUSIVE LICENSEE

Of Globally Established ‘Sirca’ brand for India, Nepal, Bangladesh and Sri Lanka

05

Manufacturing Facilities

20+

Display Units

MARKET LEADER

Among the Top 3 Premium wood coatings brand in India Market Leader in North India

815

Team Strength

4,000+

Nodes in Distribution Network

OEM VENDOR Preferred OEM Vendor on its way to become a Dominating Retail Brand

2 6

Branches & Depots

900+

OEM’s Clientele

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.

CORE OFFERING

Premium Italian Wood Coatings

Metal Coatings

Glass Coatings

EARNINGS PRESENTATION

sircapaints.com

VALUE PROPOSITION

Recent Additions to our Product Portfolio Expansion

WALL PAINTS RANGE

WOOD COATINGS

MASS MARKET RANGE

Nitrocellulose (NC), Melamine, PU

Coatings and Thinners

Hygiene Plus Additives

WALL PAINTS & OTHERS

OIKOS Portfolio

(Decorative, Solid Colour Finishes, and Texture Coatings)

DuranteVivan Portfolio (Adhesives)

BRAND PORTFOLIO

P R I C I N G

Sirca

Unico

Luxury Italian Wood Coatings

Mass-market Wood Coatings

High-end Wall Paints

products

I

* T N E N T N O C B U S

I

N A D N

I

OIKOS

Welcome

Colour Finishes and Texture

Paint Thinners & Reducers

Coatings High-end

Decorative, Solid

WEMBLEY (Newly Acquired)

Decorative Items (Enamels, Nc, Wall paints etc.)

Sanding Sealer, TT Clear, Lacquer etc.

* I n c l u d e s I n d i a , B a n g l a d e s h , N e p a l a n d S r i L a n k a

I

A D N

I

ECONOMIC

ENTRY-LEVEL

LUXURY

SIRCA’S FOOTPRINT

MOHALI

KARNAL

RAI & SONIPAT NATHUPUR

DELHI

GURUGRAM

INDORE

NAGPUR

MUMBAI

THRISSUR

4,000+

26

Dealers & Distributors

Branches & Depot

20+

Display Units

05

Manufacturing Facilities

JAGADHARI

NOIDA

AMBALA

NEPAL

DEHRADUN

SILLIGURI

GUWAHATI

BANGLADESH

KOLKATA

K E Y

Branches

EXPORT MARKETS

RAIPUR

Manufacturing Facilities

Sirca Studios

CHENNAI

SRI LANKA

CUSTOMER SEGMENTS

RETAIL

~70%

Revenue Contribution

4000+

Aggressively growing Distribution Network

GROWTH STRATEGY

Chain of studios being opened across India,

currently 2 6 branches are operational.

Creating a wider and diverse product portfolio

expanding & strengthening the distribution

network.

* EXCLUDING OEM’S

OEM’s

~30%

Revenue Contribution

APPROACH

Dealing in Premium products.

Providing strong technical support and after sales

services to OEM’s.

CLIENTELE (OF 900+ OEM’S)

Key Clientele includes: Godrej, Jindal Stainless,

Indoline, S p a c e Wood, Pyramid, MAS Furniture,

Alsorg, Soundarya Decorators, etc.

MANUFACTURING FACILITIES

COMMISSIONED

CAPEX of ~33.20 CR

In Nov’2019, S i r ca commissioned a manufacturing

facility for Nitrocellulose, Melamine, Economical PU products, and PU thinner at Sonipat ( N C R )

This unit has been established with a total CAPEX of ~33.20 Crores, as a primary ‘Object of Issue’

from our initial public offer in 2018.

COMMISSIONED WALL PAINT & WALL PUTTY MANUFACTURING

In Q1FY21 the co mpa ny shifted it’s wall paint

manufacturing unit to a new, bigger premises in response to higher than originally anticipated

Demand

Besides the existing facilities post acquisition of Wembley paints, three more manufacturing units have been added

MAXIMUM CAPACITY 550 CR

At peak c a p a c i t y utilization this manufacturing facility has the c a p a c i t y to gener a te ~550 Crores

in revenue with an optimal pr oduct mix.

PRODUCTION CAPACITY

30,000 Tonnes For PU, NC, Melamine

,Thinner and W al l Paints products.

MARKETING AND PROMOTIONAL ACTIVITIES ~1400+ Shop boards installed, resulting in enhanced visibility.

Refreshed brand positioning as “Your Italian Autograph”.

STRATEGIC EXPANSION: ACQUISITION OF WEMBLEY

Sirca Paints India Ltd. Acquires "Wembley" Brand, Expanding Platform and Its Product Portfolio

New Delhi, 20 March 2025 – Sirca Paints India Ltd. proudly announces the acquisition of the entire business under the brand name "Wembley“ from Wembley Paints & Chemicals and Indo Wembley Paints Private Limited.

With this acquisition, Sirca Paints will integrate Wembley’s full range of products, including thinners, wall paints, enamels, NC (nitrocellulose), melamine, and other coatings, into its portfolio.

Established in 1961, Wembley is a legacy brand known for its high-recall NC sealers and lacquers, trusted for performance and quality for over six decades.

Has a very high product recall and enviable product features. Has a huge potential to grow across India ( operating matrix being optimized now than earlier operations)

CONTRACTOR LOYALTY PROGRAM Sirca Parivaar 2.0 – App Update

25,000+

Contractors Registered

20,000+

Average Daily Product Scans

5000+

Average Daily Users

Enhanced Version of Sirca Parivaar App

The main objective of this app is to automate the

process of loyalty program and streamline the process

of rewards and redemption.

Key Features

Specifically designed for architects, contractors, and dealers

using Sirca products

Bringing all industry stakeholders together on the application

Automate Sirca loyalty program

Maintain, view reward points easily on a real-time basis

Users can check account balance on a real-time basis

Users can redeem points at any given point

Users can access account statement & reports in the

application

BOARD OF DIRECTORS

MR. SANJAY AGARWAL CHAIRMAN AND MANAGING DIRECTOR

MR. APOORV AGARWAL JOINT MANAGING DIRECTOR

MR. GURJIT SINGH BAINS NON-EXECUTIVE DIRECTOR

Mr. Agarwal is one of the co-founders of

Sirca Paints India Limited, he has been

Mr. Agarwal has holds a bachelor's degree from Delhi University and a

Mr. Gurjit Singh Bains is one of the co-

founders of Sirca Paints India, he has

working the Paints & Coatings industry

masters degree in Finance & Marketing

more than two decades of experience in

for more than two decades. Under his

from IIPM. He has a decade of experience

able leadership, Sirca has risen the ranks

& training in the Italian furnishing and

wood coatings and the Italian furniture industry. He was among

the early

as one of the most prominent brands of

Italian wood coatings space. He has

introducers & promoter of branded

luxury wood coatings in the country. A

Chartered Accountant by qualification,

worked with prominent Italian furnishing brands

Italia, Reflex, Laura

like B&B

Mr. Agarwal currently looks after the

Meroni, Simon Cenedese, and

many

finance and strategy functions of the

organization.

others. At Sirca Paints India, he looks after the Sales and Marketing functions.

He has also been bestowed with the

responsibilities of establishing Sirca's

presence through its distribution

network across the country.

Italian furniture in India.

Mr. Guido Scappini NON-EXECUTIVE DIRECTOR (SIRCA SpA Italy)

Mr. Guido Scappini

is the Global Business

Director at Sirca s.p.a. in charge of the whole

Wood Coating, Metal Coating and Composites

business. Formerly a management consultant at

one of the leading global firms, he then moved

into an Executive position at

an Italian

manufacturers of wood coating.

BOARD OF DIRECTORS

Mr. Shyam Lal Goyal

NON-EXECUTIVE & INDEPENDENT DIRECTOR

Mrs. Anu Chauhan NON-EXECUTIVE & INDEPENDENT DIRECTOR

Mr. Sanjay Kapoor NON-EXECUTIVE & INDEPENDENT DIRECTOR

Mr. Aman Arora NON-EXECUTIVE & INDEPENDENT DIRECTOR

Mr. Goyal was t he Audit and Finance Advisor at Ghazanfar Bank. He leads e a c h firm’s lines of business - Banking S e c t o r and F M C G industries in an expeditious manner. He holds e xp e r i e n ce of over 30 ye ar s and has held various senior positions in India and abroad. His e xp e r i e nce in global financial operations, Cor p o r a te G o v e r n a n c e , Enterprise-wi de systems, and Financing is a p r ov e n asset.

Mrs. Chau h a n has a vast e xp e r i e nce of over a d e c a d e in m a n a g e m e n t and t e a m leadership skills. S h e has a proven tr ac k r e c o r d of running successf ul operati ons and nurturing & growing businesses. Her c o r e ar e a of expertise includes - business manage me nt, directi ng and planning, supervising multi- disciplinary teams, processes, documentation, checks, manage ment.

business and

Control vendor

audits,

Mr. Kapoor is a d o c t o r by profession, he has an M B B S and DCH (Diploma of Child He al th) with over 20 ye ar s of experience pediatrics in d e p ar tme nt. He was ap p oi nte d on the b oar d of the c o m p a n y in 2017.

the

Mr. Arora, a C h a r t e r e d A c c o u n t a n t with over 10 ye ar s of experience, is a p ar t ne r at Popli & Associ ates. He excels in auditing, accou nti ng, and tax planning, ensuring clients' financial a c c u r a c y and comp l i ance . His experti se helps clients optimize financial p r o c e s se s and make informed business decisions.

Q1 FY26 RESULT DISCUSSION

Q 1 F Y 2 6 R E S U L T D I S CU S S I O N

"STRONG PERFORMANCE IN A HIGHLY COMPETITIVE ENVIRONMENT."

F I N A N CI A L S U M M A R Y

PROFIT & LOSS SUMMARY

Particulars

Q1FY26

Q4 FY25

Q1 FY25

Revenue from Operations

114.24

Total Income

114.45

Total Operating Exp

EBITDA (Excl. OI)

EBITDA (Excl. OI) %

Interest Cost

Dep & Amortisation

PBT

PAT

EPS

91.68

22.56

19.74

1.1

2.48

19.19

14.21

2.59

100.92

101.92

81.95

18.97

18.8

0.16

1.77

18.05

14.16

2.58

78.64

80.07

64.57

14.07

17.89

0.01

1.56

13.93

10.21

1.86

YOY%

45.27%

42.94%

41.99%

60.34%

10.34%

( ₹ i n c ro re s )

QOQ%

13.20%

12.29%

11.87%

18.92%

5.00%

10900.00%

587.50%

58.97%

37.76%

39.18%

39.25%

40.11%

6.32%

0.35%

0.39%

Q1 FY 26 R E S U L T D I S CU S S I O N

MANAGEMENT COMMENTARY Revenue from Operations:

•Increased to INR 114.24 Cr in the current quarter from INR 78.64 Cr (Q1 FY25).

•A growth of 45.27%.

•Growth driven by better product mix with a focus on high-value product sales.

EBITDA:

•Increased from INR 14.07 Cr (Q1 FY25) to INR 22.56 Cr in the current quarter.

•Growth of 60.34%.

•EBITDA margin improved from 17.89% (same quarter last year) to 19.74% in the current quarter.

PAT (Profit After Tax):

•Increased from INR 10.21 Cr (Q1 FY25) to INR 14.21 Cr in the current quarter.

•Growth of 39.18%.

Q2FY26 Outlook

As we progress through the second quarter of FY26, Sirca Paints remains focused on strategic product innovation and market expansion despite a competitive industry landscape. The company is pleased to announce the launch of a new range of PU coatings under the ‘Wembley’ brand, targeted specifically at delivering premium performance and aesthetics for the Indian furniture and interior market.

To support this vision, we have undertaken a strategic capex initiative to integrate the three manufacturing units of the newly acquired Wembley brand into a single consolidated facility. This integration is designed to drive economies of scale, enhance supply chain efficiency, and reduce cost of goods sold (COGS). The new plant is expected to be operational around Diwali, which will mark a significant milestone in improving productivity and profitability in the upcoming quarters.

We continue to deepen our engagement with architects and interior designers, who play a key role in product specification and demand generation. This strategic alignment is expected to further strengthen brand recall and preference in the premium coatings segment.

While the market environment remains dynamic and competitive, Sirca Paints is well-positioned to capitalize on opportunities in high- growth segments such as acrylic-based and waterborne PU systems, where innovation, sustainability, and performance are driving adoption. Our continuous R&D efforts are focused on enhancing product performance, compliance, and user-friendliness in these advanced categories.

Encouragingly, we are now witnessing early signs of revival in demand conditions, particularly in key urban centers and from organized manufacturing sectors. This improving sentiment, coupled with our differentiated product offerings, positions us well for renewed momentum in the coming quarters.

With India’s furniture manufacturing sector poised for robust growth, driven by rising domestic demand and global outsourcing trends, we foresee a significant rise in PU consumption across organized and semi-organized sectors. Sirca Paints is committed to being at the forefront of this growth wave by expanding its product offerings, distribution reach, and application support capabilities.

CONNECT US

Hira Kumar COMPANY SECRETARY AND COMPLIANCE OFFICER S i r c a Paints India Limited c s @ s i r c a p a i n t s . c o m