BigBloc FY26: Volumes rose, margins fell, and the next phase depends on execution

FY26 consolidated revenue from operations was INR 2,834 million, EBITDA was INR 176 million (6.21% margin) and PAT was a loss of INR 85 million.

Annual sales volumes increased to 8,26,904 CBM in FY26 versus 6,03,101 CBM in FY25, as disclosed in the operational highlights.

Management stated the margin decline was mainly due to pricing pressure (about 5% to 6%) and increased operating/manufacturing costs (about 2%), alongside elevated input costs and slower AAC panel adoption.

Management guided for FY27 volume growth of about 10% to 20% and expects capacity utilization to increase by about 10% to 14% during FY27.

Management stated AAC panels at 80% to 85% utilization could contribute about INR 100 to 125 crores in revenue, and the construction chemicals plant could contribute about INR 20 to 30 crores.

No. Management stated there was no contribution to revenues or profitability from carbon credits in FY26, although they disclosed holding about 150,000 tons of credits.