Carysil Q4 FY26 results: Income up 16%, PAT up 42%

What Carysil reported and why it matters

Carysil Ltd reported a strong set of consolidated numbers for Q4 FY26 and the full year FY26, even as it flagged global headwinds such as geopolitical uncertainty, trade volatility, inflationary pressures, and tariff-related disruptions. The company said FY26 was among its strongest operating performances to date, supported by higher operating leverage, an improved product mix, and higher contribution from value-added products.

For investors tracking building products and household products exporters, Carysil’s FY26 print is notable for two reasons. First, profitability grew materially faster than revenue. Second, management commentary and business updates pointed to both demand opportunities and near-term operational constraints such as mould capacity.

FY26 at a glance: income ₹932 crore, PAT ₹98 crore

On a consolidated basis, Carysil’s total income for FY26 stood at ₹932 crore compared with ₹820 crore in FY25, translating into a 14% year-on-year increase. EBITDA for FY26 came in at ₹185 crore versus ₹142 crore in FY25, a 30% rise.

The company reported EBITDA margin expansion to 19.9% in FY26 from 17.3% in FY25. Profit after tax (PAT) and minority interest for FY26 stood at ₹98 crore, up from ₹64 crore in FY25, representing a 53% increase. Carysil also stated that PAT margins after minority interest improved by about 274 basis points year-on-year.

Q4 FY26 performance: margins improve to 20.3%

In Q4 FY26, consolidated total income was ₹237 crore compared with ₹205 crore in Q4 FY25, a 16% increase. EBITDA for the quarter was ₹48 crore versus ₹36 crore in the same quarter last year, up 33%.

EBITDA margin for Q4 FY26 was reported at 20.3%, up by 277 basis points. PAT after minority interest for Q4 FY26 stood at ₹27 crore compared with ₹19 crore in Q4 FY25, a 42% increase as per the company’s quarterly commentary.

Separately, the text also cites that Carysil’s net profit rose 45.86% to ₹27.10 crore in the quarter ended March 2026 compared with ₹18.58 crore in the quarter ended March 2025, which broadly aligns with the ₹27 crore PAT figure shared in the quarterly summary.

Volumes in Q4 FY26: quartz sinks lead, faucets scale up

Carysil disclosed product volumes for Q4 FY26 across key categories. Quartz sink sales volume stood at 195.5k units during the quarter. Stainless steel sink volume was 44.6k units. Kitchen appliances and other volumes were 8.5k units. Faucets recorded sales volume of 10.2k units.

The company also highlighted that its quartz sink business delivered a healthy performance during FY26, supported by resilient export demand and improving domestic traction, with volumes growing by about 21% during the year.

Q3 FY26 and 9M FY26: steady income, sharp PAT growth

For Q3 FY26, Carysil reported consolidated total income of ₹225.2 crore compared with ₹207.4 crore in Q3 FY25, a growth of 8.6%. EBITDA in Q3 FY26 was ₹43.7 crore versus ₹33.1 crore a year ago, up 31.9%, with an EBITDA margin of 19.4%. PAT after minority interest for Q3 FY26 was ₹21.3 crore compared with ₹12.5 crore in Q3 FY25, a growth of 69.7%.

For 9M FY26, consolidated total income was ₹698.7 crore versus ₹618.9 crore in 9M FY25, up 12.9%. EBITDA for 9M FY26 stood at ₹139.5 crore compared with ₹109.9 crore in 9M FY25, an increase of 26.9%. PAT after minority interest for 9M FY26 was ₹71.6 crore versus ₹45.5 crore in 9M FY25, implying 57.3% growth.

Q2 FY26 business updates: IKEA RFQ and capacity expansion

In Q2 FY26 updates, Carysil reported consolidated total income of ₹244 crore, up 17.9% year-on-year. It also reported EBITDA growth of 33.5% year-on-year, with margins at 20.3%, which it said was above the upper band of its guidance.

A key strategic highlight mentioned was an RFQ win to supply approximately 70% of the global IKEA non-US business for quartz sinks. The company also said it is expanding quartz sink capacity by 100,000 units with a small capex, expected to be operational by December 2025.

Headwinds: US tariff impact, backlog and UK slowdown

Carysil indicated that the US market has been impacted by a 50% tariff, affecting its export business. It also noted a pending order backlog due to mould capacity constraints, impacting timely deliveries.

In addition, the UK market was flagged as experiencing an economic slowdown, which could affect growth in that region. The company also referred to capacity bottlenecks in meeting growing demand for its products.

Balance sheet and FY26 capex

From a balance sheet perspective, Carysil reported gross debt of ₹270 crore as on 31 March 2026. Cash and bank balance stood at ₹59 crore on the same date.

The company incurred total capex of ₹68 crore during FY26 towards plant and machinery, capacity enhancement, automation initiatives, and other infrastructure-led investments aimed at supporting future growth.

Guidance and India growth focus

In the provided text, Carysil maintained a growth guidance of 15% annually for the next 3 to 4 years and expects to sustain EBITDA margins between 18% and 20%, even with tariffs. It also stated it is expanding its dealer network and opening experience centres.

The company said it aims to grow the India business to ₹500 crore and is onboarding a new leadership team. It also noted that it does not anticipate a significant cost impact, citing a clear marketing budget policy.

Earnings call: date, time and speakers

Carysil announced that its Q4 and FY26 earnings call was scheduled for May 21, 2026 at 4:00 PM IST. The call was hosted by Go India Advisors. Featured speakers included Chairman and Managing Director Mr. Chirag Parekh and Executive Director and Group CFO Mr. Anand Sharma. The company also referenced availability of an audio recording and transcript.

Key financial and operational datapoints (as reported)

Market impact and what investors typically track next

The reported numbers show a clear theme: profit growth outpacing income growth, supported by margin expansion in FY26 and in Q4 FY26. For investors, the combination of EBITDA margin near 20% and a sharp PAT increase is important, but it sits alongside execution variables highlighted by the company, including capacity constraints and backlog.

Tariff-related disruption is another key monitorable. Carysil has explicitly mentioned a 50% tariff impact in the US market. How the company protects margins and manages customer deliveries under tariff pressure, while adding capacity, is likely to remain central to quarterly commentary.

Conclusion

Carysil closed FY26 with 14% growth in total income to ₹932 crore and a 53% rise in PAT after minority interest to ₹98 crore, alongside EBITDA margin improvement to 19.9%. In Q4 FY26, income rose 16% and EBITDA margin improved to 20.3%, reflecting operating leverage and mix benefits.

The next set of developments investors will watch include delivery improvements amid mould capacity constraints, progress on the 100,000-unit quartz sink capacity addition expected by December 2025, and updates on export markets facing tariff and demand volatility.