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 – 400051 NSE Symbol-SIRCA
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
Dear Sir/Ma’am,
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
Q1FY26
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is a
leading Sirca Paints India Limited (SPIL) 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 furnishing market. With state of art of manufacturing facilities in place, SPIL is poised to become a top player in India's wood coatings India s sector. Eyeing global expansion, SPIL aims to export its products to countries like Nepal, Bangladesh, and Sri Lanka.
the
Sirca SPA (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 Sirca S.P.A(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.
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EXCLUSIVE LICENSEE
of Globally Established “Sirca” brand for India, Nepal, Bangladesh and Srilanka.
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Manufacturing Facilities
815
Team Strength
OEM VENDOR
MARKET LEADER
Preferred OEM Vendor on its way to becoming a Dominating Retail Brand
the Top
3 Among Premium wood coatings India Market brand Leader in North India
in
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Branches & Depots
20+
Display Units
2,738
Nodes in Distribution
864
OEM’s Clientele
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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 Wood Coatings
Metal Coatings
Glass Coatings
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5
Sirca
Luxury Italian Wood Coatings
Unico
Mass-market Wood Coatings
OIKOS
Colour Finishes and Texture Coatings High-end Decorative, Solid
Welcome
Paint Thinners & Reducers
WEMBLEY Decorative Items (Enamels, Nc, Wall paints etc.) Sanding Sealer, TT Clear, Lacquer etc.
* Includes India, Bangladesh, Nepal and Sri Lanka
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WE REACHED
NATHUPUR & BAHADURGARH
Sirca Studios
Branches
Manufacturing Facilities
Export Markets
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CUSTOMER SEGMENTS
GROWTH STRATEGY
Chain of studios being opened across India, currently 26 branches are operational. Creating a wider and diverse product portfolio expanding & strengthening the distribution network.
*EXCLUDING OEM’S
RETAIL
REVENUE contribution
OEM
REVENUE contribution
APPROACH
Dealing in Premium products. Providing strong technical support and after sales
services to OEM’s.
CLIENTELE (OF 864 OEM’S) Key Clientele includes: Godrej, Jindal Stainless, Indoline, Space Wood, Pyramid, MAS Furniture, Alsorg, Soundarya Decorators, etc.
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MANUFACTURING FACILITIES
COMMISSIONED WALL PAINT & WALL PUTTY MANUFACTURING
In Q1FY21 the company 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.
COMMISSIONED
In Nov’2019, Sirca commissioned a manufacturing facility for Nitrocellulose, Melamine, Economical PU products, and PU thinner at Sonipat (NCR)
PRODUCTION CAPACITY
30 000 Tonnes For PU NC Melamine, Thinner and Wall Paints products.
MAXIMUM CAPACITY 550 CR At peak capacity utilization this manufacturing facility has the capacity to generate ~550 Crores in revenue with an optimal product mix.
CAPEX of ~33.20 CR
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.
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~1400+ Shop boards installed, resulting enhanced visibility.
Refreshed brand positioning as
Your Italian Autograph
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Your Italian Autograph
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Events & Exhibitions
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 strengthen relationships across our eco system.
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DIGITAL PRESENCE 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, Specifiers, and premium homeowners.
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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)
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Users can access account statement & reports in the
application
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BOARD OF DIRECTORS
MR. SANJAY AGARWAL CHAIRMAN AND MANAGING DIRECTOR
Mr. Sanjay Agarwal is one of the co-founders of Sirca Paints India Limited and has been associated with the Paints & Coatings industry for over two decades. Under his visionary leadership, Sirca has grown to become one of the most prominent brands in luxury wood coatings across India. A Chartered Accountant by profession, Mr. Agarwal brings financial acumen and strategic expertise to the organization, currently overseeing its finance and strategy operations. His role has been instrumental in shaping the company’s long-term growth and positioning in the premium coatings segment.
Mr. Apoorv Agarwal Joint Managing Director
Mr. Gurjit Singh Bains Non-Executive Director
Mr. Guido Scappini Non-Executive Director (Sirca SpA, Italy)
Mr. Apoorv Agarwal holds a bachelor’s degree from Delhi University and a master’s degree in Finance & Marketing from IIPM. He has over ten years of experience and professional training in the Italian industry. His furnishing and wood coatings international exposure includes working with prestigious Italian brands such as B&B Italia, Reflex, Laura Meroni, and Simon Cenedese, among others. is responsible for India, he At Sirca Paints overseeing Sales and Marketing. He has also been entrusted with the strategic task of expanding Sirca’s footprint by building and strengthening its distribution network throughout the country.
Mr. Gurjit Singh Bains is a co-founder of Sirca Paints India and brings over 20 years of experience in wood coatings and the Italian furniture domain. He played a pioneering role in introducing and promoting branded Italian furniture in the Indian market. With his deep understanding of the industry and strong entrepreneurial drive, Mr. Bains continues to contribute to the company's vision and expansion strategy, especially in relation to high- end, imported furniture and coating solutions.
Mr. Guido Scappini currently serves as the Global Business Director at Sirca S.p.A., overseeing operations across wood, metal, and composite coatings. He previously worked as a management consultant with some of the world’s top firms before transitioning into an executive leadership role within the Italian manufacturing sector. His comprehensive knowledge of the coatings industry and his international business insights add valuable strategic direction to Sirca Paints India, especially in aligning it with global standards and practices.
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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. Shyam Lal Goyal served as the Audit and Finance Advisor at Ghazanfari Bank. He has a distinguished career leading firms in the Banking Sector and FMCG industries. With over 30 years of experience, he has held senior positions both in India and abroad. His deep knowledge in global operations, Corporate Governance, financial enterprise-wide systems, and financing makes him a valuable asset to any board.
Mrs. Anu Chauhan brings over a decade of experience in management and team leadership. She has successfully managed and grown businesses, demonstrating expertise in business management, strategic planning, documentation, process supervision, audits, vendor management, team coordination. Her and multidisciplinary leadership is driven by strong organizational and operational capabilities.
A medical professional by training, Mr. Sanjay Kapoor holds an MBBS and DCH (Diploma in Child in Health). With over 20 years of experience pediatrics, he transitioned to corporate governance and was appointed to the board of Sirca Paints India Limited in 2017. His healthcare background brings a unique perspective to the board’s oversight functions.
Mr. Aman Arora is a Chartered Accountant with more than a decade of experience and is currently a partner at Popli & Associates. He specializes in auditing, accounting, and tax planning. His professional strengths include ensuring financial accuracy, regulatory compliance, and helping businesses make sound financial decisions through tax optimization and strategic guidance.
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PROFIT & LOSS STATEMENT
Particulars
Q1FY26
Q4 FY25
Q1 FY25
YOY%
QOQ%
(₹ in Crores)
Revenue from Operations
Total Income
Total Operating Exp
EBITDA (Excl. OI)
EBITDA (Excl. OI) %
Interest Cost
Dep & Amortisation
PBT
PAT
EPS
114.24
114.45
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
45.27%
42.94%
41.99%
60.34%
10.34%
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%
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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%.
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% last year) to 19.74% in the current quarter.
(same quarter
PAT
Increased from INR 10.21 Cr (Q1 FY25) to INR 14.21 Cr in the current quarter. Growth of 39.18%..
Q1FY26 RESULT DISCUSSION
MANAGEMENT COMMENTARY
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KEY RATIOS "STRONG PERFORMANCE IN A HIGHLY COMPETITIVE ENVIRONMENT."
114.24
45.27%
78.64
22.56
60.34%
14.07
14.21
39.18%
10.21
Q1FY 25
Q1FY 26
REVENUE FROM OPERATIONS (₹ in Crores)
Q1FY 25
Q1FY 26
Q1FY 25
Q1FY 26
EBITDA (Excl. OI) (₹ in Crores)
PAT (₹ in Crores)
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Q2FY26 OUTLOOK
Strategic Focus Amidst Competitive Landscape: As we progress through the second quarter of FY26, Sirca Paints remains focused on strategic product innovation and market expansion, navigating a highly competitive industry environment.
New Product Launch – Wembley PU Coatings: Announcing the launch of a new range of PU coatings under the ‘Wembley’ brand, specifically designed to deliver premium performance and aesthetics for India’s furniture and interior market.
Objective: 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, marking a key milestone for improved productivity and profitability in the upcoming quarters.
Capex Initiative & Manufacturing Integration: Initiation of a strategic capex to integrate the three manufacturing units of the newly acquired Wembley brand into a single consolidated facility.
Growth in High- Potential Segments: Strong positioning to capture opportunities in high-growth categories such as acrylic-based and waterborne PU systems..
Architect & Designer Outreach: Continued deepening of engagement with architects and interior designers who drive product specification and demand generation.This alignment will further strengthen brand recall and preference in the premium coatings segment.
Focus areas: Innovation, sustainability, and performance, driven by ongoing R&D efforts to enhance product quality, compliance, and user experience.
Recovery in Urban and Organized Sectors: Early signs of demand revival are visible, particularly in major urban centers and from organized manufacturing sectors. These trends, along with differentiated product offerings, are expected to drive renewed growth momentum.
Strategic Confidence & Outlook: We remain confident in our strategy and the resilience of our business model, and are optimistic about delivering sustained value to our stakeholders in the periods ahead.
Furniture Industry Expansion: With India’s furniture manufacturing sector set for robust growth— supported by increasing domestic consumption and global outsourcing —we anticipate a significant rise in PU coatings demand from both organized and semi-organized markets. Sirca Paints is committed to leading this growth by broadening its product portfolio, distribution reach, and technical application support.
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Hira Kumar COMPANY SECRETARY AND COMPLIANCE OFFICER Sirca Paints India Limited cs@sircapaints.com
Abhishek Bhutra | Himanshu Jain +91 80006 85556, +91 89051 81853 ir@finportalin.com
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