Stylam Industries Q1 FY27: Revenue, PAT range, target

Stock snapshot and why Q1 FY27 matters

Stylam Industries (NSE: STYLAMIND, BSE: 526951) is entering the July-August 2026 results season with investor attention focused on its Q1 FY27 print for the quarter ended June 2026. The stock was cited at a CMP of Rs. 3,230, while another market screen in the same set of notes showed a price of Rs. 2,759, reflecting that the data points come from different time-stamps. A BSE tape snapshot also showed 3,520.00, up 0.01% at 09:09 AM, reinforcing the same point. Market capitalisation was quoted at Rs. 5,470 crore in one reference, while another snapshot cited Rs. 4,498 crore along with a P/E of 30.1. The preview framework in the provided material uses trailing reported numbers as the base and applies the most recent year-on-year growth signal.

The FY27 estimate framework described in the notes

The preview described a “trailing-growth framework” anchored to Q1 FY26 actuals of Rs. 284 crore revenue and Rs. 28 crore net profit. It also referenced Q4 FY26 as the most recent reported quarter, with revenue of about Rs. 287 crore and net profit of Rs. 38 crore, used to contextualise FY27 estimates. Based on this approach, the revenue estimate range for Q1 FY27 was stated as Rs. 284-327 crore. PAT for Q1 FY27 was estimated at Rs. 32-41 crore. The results timing was indicated as July-August 2026, consistent with the broader exchange reporting season for the June-ended quarter.

Stylam Industries Q1 FY27 estimates and target range

The same note carried a 12-month target range of Rs. 3,317-3,737 (labelled as a Uniresearch estimate). It described this as a “tracking stance” rather than a directional call. Since the inputs come from a model built on recent quarterly performance, the estimate band effectively frames how much of the year-on-year growth could show up in Q1 FY27. Readers should treat the ranges as estimates rather than company guidance.

What the latest disclosed quarterly numbers show (Q1 FY26)

Stylam’s unaudited Q1 results for the quarter ended June 30, 2025 (Q1 FY26) showed revenue of Rs. 282.98 crore. This was reported as a quarter-on-quarter increase of 6.67% from Rs. 265.28 crore, and a year-on-year increase of 16.65% from Rs. 242.59 crore. Net profit was reported at about Rs. 28.26-28.27 crore, with a marginal year-on-year decline of around 0.35% versus Rs. 28.36 crore, even as revenue grew strongly. EPS (basic/diluted normalised) was around Rs. 16.57 versus Rs. 16.73 a year earlier.

Cost line movement and profitability signals in the quarter

On the cost side, “Total Operating Expense” for Jun 2025 was listed at Rs. 235.01 crore, versus Rs. 233.59 crore in Mar 2026 in the comparable table, and Rs. 206.84 crore in Jun 2024. Depreciation and amortisation for Jun 2025 was stated at Rs. 4.96 crore. Net income before taxes for Jun 2025 was around Rs. 41.27 crore, and profit before tax in the standalone quarterly table was shown at Rs. 41.25 crore, reflecting consistent direction across two presentations of the same quarter. The quarterly data table also lists operating income at Rs. 47.98 crore for Jun 2025.

Volumes and mix: domestic versus exports

The notes stated that Stylam sold 2.74 million laminate sheets in Q1, with domestic sales of 1.22 million sheets and exports of 1.52 million sheets. The same quarter in the previous year was reported at 2.81 million sheets, split between 1.14 million domestic and 1.67 million export. This indicates a modest shift towards domestic volumes within the quarter’s overall mix. For a laminates business, this mix can matter because domestic and export demand can face different pricing and cost dynamics.

Capacity expansion and operational updates

Stylam was described as maintaining a zero-debt status and operating one of Asia’s largest single-location laminate manufacturing plants. The company was also reported to be expanding with a new plant in Panchkula, Haryana, expected to start operations in October 2025. Separately, management commentary in the notes pointed to renewed focus on the domestic business following leadership changes in that segment. The same material indicated corrective measures were underway, with fuller impact likely visible from Oct-2026.

FY27 growth commentary: demand, prices, costs

The notes included an expectation of FY27 revenue growth of about 20-25% versus the previous year, subject to market conditions and global uncertainties. They also referenced laminate price hikes to partially offset elevated chemical costs linked to Middle East tensions, while noting that full pass-through could be challenging given lower cost pressures faced by European peers. Management commentary also pointed to operating leverage benefits and INR depreciation as potential offsets, with EBITDA margins expected to remain broadly stable. In addition to laminates, the notes mentioned an acrylic revenue expectation of INR 0.5-0.7 billion (Rs. 50-70 crore) versus INR 0.15 billion (Rs. 15 crore) in FY26, supported by new plant commissioning.

Market impact: what investors are likely to track

For investors, the most relevant near-term data points are the Q1 FY27 revenue and PAT print against the stated estimate bands of Rs. 284-327 crore and Rs. 32-41 crore, respectively. The reported Q1 FY26 revenue growth (16.65% YoY) alongside flat-to-slightly-lower PAT highlights the importance of cost control and pricing execution, not just top-line growth. The stated targets and the commentary around price hikes and chemical input costs suggest that margin stability will remain a key discussion point during the results season. Investors will also watch for updates on the Panchkula plant timeline and whether domestic business initiatives translate into measurable volume or mix changes.

Key quarterly numbers at a glance (as provided)

Conclusion: what to watch into July-August 2026

Stylam Industries heads into Q1 FY27 results season with published estimate ranges that imply revenue of Rs. 284-327 crore and PAT of Rs. 32-41 crore, and an indicated results window of July-August 2026. The most recent disclosed Q1 numbers show strong year-on-year revenue growth but near-flat profitability, making costs, pricing actions, and mix shifts central to the narrative. Updates on the Panchkula commissioning plan and the domestic business reset will also matter because they connect directly to the FY27 growth commentary of 20-25%. Investors will be looking for the company’s formal filing to confirm the quarter’s realised revenue, margins, and profit trajectory.