Shellz India Ltd (544998) Q4 25/26 earnings summary

Executive summary

• FY26 delivered stronger profitability despite modest revenue growth: EBITDA rose 30% to ₹31.5 crore, PAT rose 48% to ₹13.2 crore, and EBITDA margin reached 16.4% from 13.0%.

• Margin gains were attributed to a richer chocolate mix, 19 new products and Sonipat production; FY26 figures are consolidated while FY25 comparisons are standalone.

Financial highlights

• Revenue from operations was ₹192.6 crore, up 3%; materials consumed fell to 73.4% of revenue from 79.1%.

• EBITDA was ₹31.5 crore, up 30% from ₹24.4 crore; PAT was ₹13.2 crore, up 48% from ₹8.9 crore.

• Net worth grew 43% to ₹60.2 crore; consolidated EPS was ₹15.13 after the 11:1 bonus issue.

Outlook and guidance

• FY27 priorities are phased migration of manufacturing to Barhi, Sonipat, and activation of new lines to expand chocolate capacity and formats.

• Continue price-first product design, kirana-led distribution, and sugar reduction only where taste is maintained; no numerical FY27 targets were stated.