Carborundum Universal Q1 FY'27 Earnings Call Transcript Released
Carborundum Universal's Q1 FY'27 standalone sales grew 21.2% to ₹846 Cr, with PAT at ₹88 Cr. Consolidated sales rose 16.9% to ₹1,411 Cr, PAT at ₹76 Cr. Management revised FY'27 consolidated ceramic sales growth guidance to 23-25% and comparable sales growth to 15%. CAPEX guidance remains ₹400 Cr.
The announcement provides a detailed quarterly financial performance update and revised future guidance, which are crucial for investor decision-making and market sentiment.
The company reported strong year-on-year growth in both standalone and consolidated sales and profits. Management also revised upwards its guidance for ceramic sales growth, indicating positive future prospects.
Carborundum Universal Limited has released the transcript of its investor call held on August 10, 2026. The call, hosted by DAM Capital Advisors Limited, featured insights from Managing Director Mr. Sridharan Rangarajan and Advisor Mr. Chandramouli.
During the call, the company detailed its Q1 FY'27 performance. Standalone sales reached ₹846 crores, a 21.2% increase year-on-year, driven by growth across all three segments: Electrominerals (33%), Ceramics (15.2%), and Abrasives (14.7%). Standalone profit after tax (PAT) was ₹88 crores, a 14.3% like-to-like growth compared to Q1 FY'26. Consolidated sales grew by 16.9% to ₹1,411 crores, with consolidated PAT rising by 23.4% to ₹76 crores.
The company provided segment-wise performance details. The Abrasives segment saw consolidated sales of ₹610 crores (up 20.1% YoY). Rhodius Abrasives reported sales of EUR 15.6 million (up 18% YoY), improving its loss to EUR 0.7 million. CUMI Awuko Abrasives sales grew 11.1% to EUR 2.89 million, though its loss widened.
In the Electrominerals segment, consolidated sales were ₹473 crores (up 16.8% YoY), with standalone sales at ₹282 crores (up 33% YoY). VAW Russia sales were RUB 1.58 billion (down 14.1% YoY in local currency, but up 3.1% in INR terms). Foskor Zirconia sales declined 11.7% to INR 107 million.
The Ceramics segment reported consolidated sales of ₹349 crores (up 16.5% YoY) and standalone sales of ₹274 crores (up 15.2% YoY). Management revised its consolidated ceramic sales growth guidance upwards to 23%-25% for FY'27, driven by engineered ceramics, metallized cylinders, and SOFC ceramics.
Consolidated CAPEX for Q1 FY'27 was ₹53 crores, with a full-year guidance of ₹400 crores maintained. The consolidated debt-to-equity ratio stands at 0.05. The company is progressing with the closure of Awuko and Foskor Zirconia operations.
Guidance for FY'27 was updated. Excluding Foskor Zirconia and Awuko, comparable consolidated sales growth is projected at 15%, up from the earlier 11%-12%. Consolidated Abrasive sales growth is maintained at 11%-12% (excluding Awuko). Consolidated ceramic sales are now expected to grow 23%-25%. Consolidated Electrominerals sales growth (excluding Foskor) is projected at 9%-10%. Margins for consolidated Abrasives are expected between 9.5%-10% (comparable), Ceramics at 20.5%-21%, and Electrominerals at 9%-9.5%.
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