Stylam Industries is engaged in the manufacturing of decorative laminates under the brand name “STYLAM” and exports its products primarily to European and South East Asian countries.
It manufactures a wide range of high-quality decorative laminates, specialty surfaces, PU+ lacquer coating, solid surfaces and compact laminates.
Q3 FY26 Earnings Results
- Revenue from Operations: ₹270.96 crore, up 6.46% YoY from ₹254.52 crore; up about 3% QoQ from roughly ₹263 crore in Q2 FY26.
- EBITDA (operating profit before D&A, ex other income): ₹56.6 crore, up 22% YoY from ₹46 crore; EBITDA margin 20.6% vs 18.1% in Q3 FY25.
- Profit Before Tax (PBT): ₹59.28 crore, up 40% YoY from ₹42.47 crore.
- Profit After Tax (PAT / Net Profit): ₹46.02 crore, up 54.4% YoY from ₹29.82 crore; up 23% QoQ from ₹37.34 crore.
- PAT margin: 17.0% vs 11.7% in Q3 FY25 and 12.9% in Q2 FY26.
- EPS (basic/diluted): ₹27.16 vs ₹17.55 in Q3 FY25.
- 9M FY26:
- Revenue: ₹₹849 crore vs ₹766 crore in 9M FY25.
- Net income: ₹112 crore) vs ₹92 crore) in 9M FY25.
Management Commentary & Strategic Decisions – Q3 FY26
- Management highlighted that Q3 FY26 delivered robust profit growth on modest revenue expansion, with margin gains driven by better product mix (higher‑value laminates), operating leverage, and cost control.
- Commentaries flagged some margin volatility risk going forward from input‑cost movements and ongoing capacity expansion, but noted healthy demand for premium decorative surfaces in export and domestic markets.
- Strategic focus areas:
- Continuing brownfield and greenfield capacity expansion in laminates and allied surface solutions to capture global demand.
- Investing in talent and branding to support international growth, even as employee and overhead costs tick up.
Q2 FY26 Earnings Results
- Total Income: ₹293.32 crore, up 3.4% QoQ from ₹283.77 crore and up 10.8% YoY from ₹264.62 crore.
- Total Expenses: ₹242.50 crore, flat QoQ, up 11.4% YoY from ₹217.78 crore.
- Profit Before Tax (PBT): ₹50.82 crore, up 23.1% QoQ from ₹41.27 crore and up 8.5% YoY from ₹46.84 crore.
- Profit After Tax (PAT): ₹37.34 crore, up 32.1% QoQ from ₹28.27 crore and up 9.5% YoY from ₹34.11 crore.
- EPS: ₹22.17 vs ₹16.57 in Q1 FY26 and ₹19.66 in Q2 FY25.
Management Commentary & Strategic Directions – Q2 FY26
- Q2 showed steady double‑digit revenue growth with stronger profit expansion, as expenses were held flat QoQ and mix shifted toward higher‑margin products.
- Management pointed to sustained export demand and premiumisation in laminates as key drivers, while continuing to invest in capacity and market development to support medium‑term growth.
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.