Stylam Industries Limited (STYLAMIND) — Financial Results | 16 May 2026

Stylam Industries reported Q4 FY26 revenue of INR280 crores, up 69.9% YoY, driven by strong volume growth and pricing actions. The company confirmed commercial production at its new Manak Tabra plant by June/July 2026, targeting INR300-400 crores in first-year revenue and INR600 crores by FY28. Gross margin stood at 49% in Q4, with EBITDA margin guidance of 2-3% despite raw material inflation. Management highlighted export revenue at 75% of total, with domestic share expected to rise. Capex for the new plant is INR334 crores, and no further investments beyond FY27 were disclosed. Employee costs are projected to rise 3-4% YoY, while gross margins remain stable amid pricing and volume expansion.