Mallcom (India) Ltd — earnings calls

Mallcom (India) Limited reported consolidated Q1 FY27 operating revenue of Rs 110 crores, a sequential decline of 25% attributed to moderation in international revenues and disruptions from the West Asia crisis, while EBITDA margins expanded to 12.51% on better price realization and lower raw material costs. Domestic revenue rose to Rs 64 crores, its highest ever first-quarter domestic revenue, while international revenue stood at Rs 46 crores. Management discussed port congestion delaying raw material procurement and customer deliveries, the ramp-up of the Sanand plant, and progress on new product launches including EN812 bump caps and Flame Retardant workwear.

Mallcom reported consolidated Q4 FY26 operating revenue of Rs 147 crores, up 7% year-on-year, while EBITDA declined 11% to Rs 14 crores on higher raw material costs. For the full year, revenue grew approximately 11% to Rs 540 crores while EBITDA margin contracted 130 basis points to 11.21%, with management noting FY25 profit included a one-time land sale gain not present in FY26. Management said both new manufacturing units at Sanand and Chandipur are now fully commissioned and operational, and discussed export headwinds from US tariffs and weak EU demand versus continued domestic growth.