Laxmi Dental Ltd — Q1 FY27 earnings call
Summary generated by AI from the official transcript Laxmi Dental Ltd filed with BSE on 19 Aug 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Laxmi Dental reported Q1 FY27 revenue of approximately INR75 crores, up 13.9% year-on-year, with EBITDA growing 20.6% and PAT growing 23.8%. Growth was broad-based across the dental lab, aligner, and paediatric dental segments, with international lab revenue up 37.4% and Kids-e-Dental up 54.4%. Management also discussed a letter of intent to acquire land in Palghar to consolidate rented facilities and the appointment of a new CEO for the US business.
Numbers mentioned
Revenue: approximately INR75 crores (Q1 FY27)
p. 3
“Our revenue for Q1 FY27 stood at approximately INR75 crores, registering a y-o-y growth of 13.9%.”
Sameer Merchant, page 3 of the filed PDF · View the filing
EBITDA margin: 19.2% (Q1 FY27)
p. 3
“EBITDA grew by 20.6% y-o-y with margins improving to 19.2%, while PAT increased by 23.8% y-o-y with margins standing at 13.8%.”
Sameer Merchant, page 3 of the filed PDF · View the filing
Dental lab segment revenue growth: 23.5% y-o-y (Q1 FY27)
p. 3
“Coming to our segmental performance, our dental lab business delivered another strong quarter with revenue growing at 23.5% y-o-y, driven by healthy performance across both domestic and international markets.”
Sameer Merchant, page 3 of the filed PDF · View the filing
International lab business growth: 37.4% y-o-y (Q1 FY27)
p. 3
“Notably, the international business registered an impressive growth of 37.4% year-on-year.”
Sameer Merchant, page 3 of the filed PDF · View the filing
Aligner solutions revenue growth: 28.6% y-o-y (Q1 FY27)
p. 4
“Our aligner solution business also delivered another strong quarter, recording a healthy 28.6% year-on-year growth.”
Sameer Merchant, page 4 of the filed PDF · View the filing
Kids-e-Dental revenue growth: 54.4% y-o-y (Q1 FY27)
p. 4
“Our paediatric dental business, Kids-e-Dental, continued its strong growth trajectory, delivering an impressive 54.4% year-on-year growth during this quarter as the business is steadily scaling up.”
Sameer Merchant, page 4 of the filed PDF · View the filing
Revenue from operations (consolidated): INR74.7 crores (Q1 FY27)
p. 4
“Revenue from operations stood at INR74.7 crores as compared to INR65.6 crores in Q1 FY26, marking highest ever quarterly revenue for the company.”
Dharmesh Dattani, page 4 of the filed PDF · View the filing
Gross margin: 78.6% (Q1 FY27)
p. 4
“Gross profit stood at INR58.7 crores, registering a 22.1% y-o-y growth. Gross margin improved and stood at 78.6%.”
Dharmesh Dattani, page 4 of the filed PDF · View the filing
Employee cost: INR28.4 crores (Q1 FY27)
p. 4
“Employee cost stood at INR28.4 crores with a sequential increase of 6.2%.”
Dharmesh Dattani, page 4 of the filed PDF · View the filing
EBITDA: INR14.4 crore (Q1 FY27)
p. 5
“EBITDA stood at rupees 14.4 crore, which is our highest ever quarterly EBITDA, registering a 20.6% y-o-y growth.”
Dharmesh Dattani, page 5 of the filed PDF · View the filing
Adjusted EBITDA: INR16 crores (Q1 FY27)
p. 5
“This stood at INR16 crores as against INR14.8 crores in the same period last year.”
Dharmesh Dattani, page 5 of the filed PDF · View the filing
Profit after tax: INR10.3 crores (Q1 FY27)
p. 5
“Profit after tax for the quarter stood at INR10.3 crores, registering a 23.8% y-o-y growth. PAT margins remained healthy at 13.8%.”
Dharmesh Dattani, page 5 of the filed PDF · View the filing
Scanner deployment plan: 800 to 1,000 scanners (FY27)
p. 11
“So current year, based on, you know, last estimate, we had thought that we should be able to again deploy about 800 to 1,000 in this financial year.”
Sameer Merchant, page 11 of the filed PDF · View the filing
Average scanner price: about INR3 lakhs
p. 7
“Like I told you, we're currently charging about INR3 lakhs at an average for scanners to a dentists.”
Sameer Merchant, page 7 of the filed PDF · View the filing
Rent for two current facilities: close to INR2 crores
p. 7
“So currently we are almost paying close to INR2 crores worth of rent just for these two properties.”
Sameer Merchant, page 7 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
Revenue growth — 15% to 20% growth
stated as an aspiration by Sameer Merchant
p. 12
“So, I think in last time. Yes, so on the aspiration side, so we had said that on the revenue side, 15% to 20% growth and on the margin side, 18% to 20% is the goal.”
Sameer Merchant, page 12 of the filed PDF · View the filing
EBITDA margin — 18% to 20%
stated as an aspiration by Sameer Merchant
p. 12
“And we have done that in the past. Last year, there were a lot of situations because of which we were at about 15.6%.”
Sameer Merchant, page 12 of the filed PDF · View the filing
Domestic dental lab growth — Q2, Q3 and Q4
stated conditionally by Sameer Merchant
p. 10
“So, what we have started seeing the trend of 12% growth, we feel that coming towards the next three quarters, Q2, Q3 and Q4, we should only see it going upwards in terms of growth trajectory, as they mature more and more.”
Sameer Merchant, page 10 of the filed PDF · View the filing
Gross margin — stable to rising, excluding scanner impact
stated conditionally by Sameer Merchant
p. 12
“Yes, yes. I think absolutely. So again, now when you say gross margin, when the scanner mix changes, there is always a slight change. Apart from scanner, the margin should remain stable.”
Sameer Merchant, page 12 of the filed PDF · View the filing
AI-led automation costs — next year
stated as an aspiration by Sameer Merchant
p. 8
“But as we scale this up, you know, the cost will become much better. So probably a little bit for this year, but I think moving next year, the cost will be, I would say much lesser than what it is right now.”
Sameer Merchant, page 8 of the filed PDF · View the filing
Land acquisition / facility consolidation
stated conditionally by Sameer Merchant
p. 4
“We have also executed a letter of intent to acquire a new land situated in Palghar, Maharashtra.”
Sameer Merchant, page 4 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management said scanners carry a normal trading margin of 15-20% and can cause minor fluctuations, but excluding scanners margins are stable and rising.
Answered by Sameer Merchant
Asked by Meet Mehta: What is the gross margin on scanners and does it make margins lumpy?
p. 6
“So even, I would say on a scanner, usually, see it's a trading item. So, it will always have a normal trading margin of 15% to 20%, which usually any trading item would have.”
Sameer Merchant, page 6 of the filed PDF · View the filing
Aligner utilization is around 70% while the lab business runs at a constant threshold of 90-95% due to its custom nature.
Answered by Sameer Merchant
Asked by Meet Mehta: What is the current capacity utilization for lab and aligner businesses?
p. 6
“I would say it is somewhere close to around 70% in terms of capacity utilization.”
Sameer Merchant, page 6 of the filed PDF · View the filing
Domestic digital penetration is estimated at 75-80%, while international is majority digital.
Answered by Sameer Merchant
Asked by Meet Mehta: What is the current digital penetration among the network?
p. 6
“So, we are currently, I would say in the range of--it varies, you know, month on month, but I would say probably between 75% to 80% in domestic.”
Sameer Merchant, page 6 of the filed PDF · View the filing
Management explained the land purchase is to move away from renting two separate domestic facilities to a unified owned facility for operational efficiency and cost control.
Answered by Sameer Merchant
Asked by Anchit Jalan: What is the purpose of the newly acquired land parcel?
p. 7
“So, the goal is to move away from rent and, you know, build a unified facility which can lead to operational efficiency and decreasing the rent.”
Sameer Merchant, page 7 of the filed PDF · View the filing
Management said it does not expect disruption because of the digital nature of the business and a phased transition approach.
Answered by Sameer Merchant
Asked by Anchit Jalan: Will there be disruption during the transition to the new facility?
p. 8
“I don't see any disruption. See, the best part is because we are digital, it is very much easier to make the movement today as compared to say five years back.”
Sameer Merchant, page 8 of the filed PDF · View the filing
Management attributed part of the growth to USD appreciation but emphasized strong underlying business growth as well.
Answered by Sameer Merchant
Asked by Anchit Jalan: How much of international growth was from currency versus underlying business?
p. 9
“So, what he's trying to say is there has been an uptick in say the on a y-o-y side in terms of the dollar, but even if it's say approximately 10%, we have grown the business by almost 37% internationally.”
Sameer Merchant, page 9 of the filed PDF · View the filing
Management said stock price movement is not within their control and that they focus on performance, noting they had personally purchased shares around INR200.
Answered by Sameer Merchant
Asked by Rishikesh Raj Singh: Why did the share price fall despite what he felt were strong results?
p. 13
“In fact, if you see, we had--and this is public news, we had actually purchased shares when the pricing was, you know, somewhere in the range of I think 200, we actually bought shares.”
Sameer Merchant, page 13 of the filed PDF · View the filing
Management said the goal as market leaders is to grow beyond the industry through branding, education and marketing efforts.
Answered by Sameer Merchant
Asked by Achuth: Does the company aim to grow in line with the aligner industry CAGR or outgrow it?
p. 14
“I think always you know, as market leaders, the goal that we have is to grow beyond the industry.”
Sameer Merchant, page 14 of the filed PDF · View the filing
Risks flagged
Higher employee costs from new USA CEO hire and additional staffing
p. 4
“This increase was primarily due to the appointment of a new CEO for the USA business and also due to some addition of employees across sales and other key important areas.”
Dharmesh Dattani, page 4 of the filed PDF · View the filing
Higher other expenses from freight costs, ECL provisions and AI automation investment
p. 4
“Other expenses increased to INR15.9 crores from INR12.5 crores in the same period last year, largely driven by higher freight costs, ECL provisions, and investment in AI-led automation initiatives, which are aimed at enabling greater efficiency and scalability going forward.”
Dharmesh Dattani, page 4 of the filed PDF · View the filing
Prior year margin pressure from Labor Code, tariffs and ESOP costs
p. 12
“Last year, there were a lot of situations because of which we were at about 15.6%. The Labor Code came into picture, lot of tariffs came into picture, then a big amount of ESOP cost came into picture.”
Sameer Merchant, page 12 of the filed PDF · View the filing
Uncertainty in currency tailwind continuing for international business
p. 9
“Will be there in place because we have to see how the USD has gone up from Q1 last year to Q1 this year and then Q2 what was the price, you know, Q2 what will be the price, we don't know.”
Sameer Merchant, page 9 of the filed PDF · View the filing
Ongoing competitive pressure in the aligner business
p. 10
“I think it's still there. It was there before, it is right now and I don't expect it to go away from the future.”
Sameer Merchant, page 10 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.