Flair Writing Industries (FLAIR) Q1 25/26 earnings summary

Executive summary

• Q1 FY26 saw strong revenue growth, mainly from the own brand portfolio and robust demand in both domestic and export markets, with the Creative segment standing out due to new product innovations and ramped in-house manufacturing.

• All three business verticals—Pens, Creative, and Steel Bottles—achieved growth, with 22 new products launched across categories during the quarter.

• EBITDA margin improved sequentially, with a focus on maintaining margins despite ongoing investments.

• Unaudited consolidated and standalone financial results for Q1 FY26 were reviewed and approved by the Board and Audit Committee, with an unmodified limited review report from statutory auditors.

Financial highlights

• Revenue from operations reached INR 288.5 crores (₹28,854.46 lakhs) in Q1 FY26, up 16.8% year-on-year.

• Gross profit was INR 144.2 crores, up 17.3% year-on-year, with a gross margin of 50%.

• EBITDA stood at INR 49.5 crores, up 17.9% year-on-year, with an EBITDA margin of 17.2%.

• Profit after tax was INR 29 crores (₹2,895.21 lakhs), up 10.5% year-on-year, with a PAT margin of 10%.

• Basic and diluted EPS (consolidated) for Q1 FY26 stood at ₹2.72, up from ₹2.51 in Q1 FY25.

Outlook and guidance

• Revenue growth guidance of 14%-16% CAGR over the medium term is maintained.

• Segment growth guidance: Pen segment to grow 9%-10%, Creative 30%-45%+, Steel Bottles 50% for FY 2026.

• EBITDA margin expected to be maintained at 17.1%-17.5%, with potential for further improvement as operating leverage increases.

• Management reiterates ability to deliver on stated objectives despite capacity expansion and higher employee costs.