Orient Bell Ltd-$ — earnings calls

Orient Bell reported Q1 FY27 revenue of INR203 crores, up 42.8% year-on-year, driven by 22.9% volume growth and an ASP increase of around 15.9%. Gross margin reached a record 39.7% and EBITDA rose to INR17.6 crores from INR5.6 crores a year earlier, with EBITDA margin expanding by 480 bps to 8.7%. Management attributed the gains to a supply gap created by Morbi plant shutdowns in April and May, price increases, and internal demand-generation initiatives, while stating the company continues to hold a net cash position and does not provide forward guidance.

Orient Bell reported Q4 FY26 volume growth of 7% and revenue growth of 7.5% year-on-year, with consolidated EBITDA up 66% to Rs16.4 crores and EBITDA margin expanding by 270 basis points. For the full year, EBITDA grew 38% to Rs42.5 crores and PBT improved to Rs16.4 crores from Rs3.8 crores in FY25, after absorbing a one-time labour code cost. Management described cumulative price increases of about 20% taken across March and April in response to rising gas prices linked to the Iran war situation and disruptions in the Morbi cluster.