Sharat Industries Ltd — Q4 FY26 earnings call
Summary generated by AI from the official transcript Sharat Industries Ltd filed with BSE on 04 Jun 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
Sharat Industries reported Q4 FY26 revenue growth of approximately 25% year-on-year to Rs 117.24 crore, while profitability was affected by disruption from the Middle East conflict and rising fishmeal and soya prices. For full FY26, revenue rose approximately 38% to Rs 524.7 crore, EBITDA grew roughly 26% to Rs 36.03 crore, and profit after tax grew approximately 60% to Rs 15.90 crore. Management described US tariff relief on Indian shrimp, an India-EU trade agreement, and ongoing export diversification across Russia, China, Southeast Asia and the Middle East as key developments during the year.
Numbers mentioned
Revenue: Rs. 117.24 crore (Q4 FY26)
p. 4
“Revenue for the quarter still grew substantially by approximately 25% year-on-year to Rs. 117.24 crore, supported by healthy export demand and continued product diversification.”
Sharat Reddy Sabbella, page 4 of the filed PDF · View the filing
Revenue from operations: Rs. 524.7 crore (FY26)
p. 4
“Revenue from operations rose by approximately 38% to Rs. 524.7 crore versus Rs. 380.5 crore in FY24-25.”
Sharat Reddy Sabbella, page 4 of the filed PDF · View the filing
Export revenue growth: approximately 23% (FY26)
p. 4
“Export revenue grew by approximately 23%, with export volumes up by almost 8%.”
Sharat Reddy Sabbella, page 4 of the filed PDF · View the filing
EBITDA: Rs. 36.03 crore (FY26)
p. 4
“EBITDA for the year increased roughly 26% to Rs. 36.03 crore and profit after tax grew by approximately 60% to Rs. 15.90 crore, translating to an earnings per share of Rs. 4.06 crore.”
Sharat Reddy Sabbella, page 4 of the filed PDF · View the filing
Profit after tax: Rs. 15.90 crore (FY26)
p. 4
“EBITDA for the year increased roughly 26% to Rs. 36.03 crore and profit after tax grew by approximately 60% to Rs. 15.90 crore, translating to an earnings per share of Rs. 4.06 crore.”
Sharat Reddy Sabbella, page 4 of the filed PDF · View the filing
US and China share of exports: roughly 40% (FY26)
p. 3
“The US and China make up roughly 40% of our Exports portfolio.”
Sharat Reddy Sabbella, page 3 of the filed PDF · View the filing
Market share in Indian shrimp exports: about 0.5% to 0.75%
p. 8
“Our market share as far as Indian exports is concerned is currently about 0.5%. Indian exports for shrimp is typically in the region of around 50,000 to 55,000 crores. And we are ranging between 0.5% to 0.75% currently.”
Sharat Reddy Sabbella, page 8 of the filed PDF · View the filing
Market share in feed vertical: sub 2%
p. 8
“So, our market share there would be sub 2%. We consider ourselves to be a minority player in that sector.”
Sharat Reddy Sabbella, page 8 of the filed PDF · View the filing
Value-added products share of export volume: roughly 7-10% (FY26)
p. 9
“As far as our export portfolio is considered, value-added products made up roughly 7-10% of overall volume for the year gone by.”
Sharat Reddy Sabbella, page 9 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.
US tariff on Indian shrimp — 10% · effective February 2026
stated firmly by Sharat Reddy Sabbella
p. 3
“Tariffs on Indian shrimp, which had increased up to 50%, have now been reduced to 10% with effect from February 2026.”
Sharat Reddy Sabbella, page 3 of the filed PDF · View the filing
Annual export revenue — up to Rs 1,000 crore · FY27-28
stated as an aspiration by Sharat Reddy Sabbella
p. 5
“This is underpinned by a medium-term roadmap to FY27-28 where we are targeting annual export revenues of up to Rs 1,000 crore, supported by deeper penetration in Russia and China and re-entry into the European Union and a measured build-out of our domestic and value added portfolio.”
Sharat Reddy Sabbella, page 5 of the filed PDF · View the filing
Value-added products contribution — double the percentage by volume · FY27
stated conditionally by Sharat Reddy Sabbella
p. 9
“And if all export factors remain fairly normal in terms of markets and geopolitics, we are hopeful of doubling that contribution in terms of percentage by volume.”
Sharat Reddy Sabbella, page 9 of the filed PDF · View the filing
US exports — FY27
stated as an aspiration by Sharat Reddy Sabbella
p. 7
“So, all factors considered, we anticipate that our U.S. exports this year will scale up significantly compared to the last couple of years.”
Sharat Reddy Sabbella, page 7 of the filed PDF · View the filing
Solar power plant commissioning — balance of one-megawatt solar plant · shortly
stated firmly by Sharat Reddy Sabbella
p. 4
“Part of the project has already been commissioned in Q4 and the balance will be commissioned shortly.”
Sharat Reddy Sabbella, 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.
About 20 containers were affected, half rerouted, five already in transit required rerouting, and remaining shipments held as inventory for reprocessing.
Answered by Sharat Reddy Sabbella
Asked by Shruti Desai: How much business was impacted by the West Asia conflict and have deferred orders been recovered?
p. 5
“So, we had approximately 20 containers of shipments that were originally planned for exports in the Middle East in Q4.”
Sharat Reddy Sabbella, page 5 of the filed PDF · View the filing
Added two new clients in Russia and worked with five new customers in China for the black tiger shrimp product; no new US clients added due to tariff turbulence.
Answered by Sharat Reddy Sabbella
Asked by Shruti Desai: Have new clients been acquired and how is response in newly entered markets?
p. 5
“For example, in Russia, we added two new clients during the year gone by.”
Sharat Reddy Sabbella, page 5 of the filed PDF · View the filing
Management cited market diversification, penetration into China for black tiger shrimp, improved capacity utilization, and higher-value product mix.
Answered by Sharat Reddy Sabbella
Asked by Yash Nisar: What drove PAT growth significantly ahead of EBITDA growth in FY26?
p. 7
“Besides this, there was a slight improvement in our overall capacity utilization.”
Sharat Reddy Sabbella, page 7 of the filed PDF · View the filing
The product has generated incremental EBITDA margins of 5-10% above base EBITDA but remains low volume.
Answered by Sharat Reddy Sabbella
Asked by Rahul Kumar: What is the commercial potential of the newly launched PD Curl control product in Russia?
p. 8
“So, in this specific scenario we have seen incremental EBITDA margins in excess of 5% up to almost 10% over and above our base EBITDA.”
Sharat Reddy Sabbella, page 8 of the filed PDF · View the filing
Management cited industry representations to government, R&D into insect protein as a fishmeal substitute, and passing some costs to farming partners while seeking better export contract margins.
Answered by Sharat Reddy Sabbella
Asked by Kundan Jalan: What strategies are planned to combat raw material price increases in the feed division?
p. 10
“So, we had initiated a pilot project in terms of R&D where we have substituted a portion of the fish meal with insect protein and this initiative has been more than a year old with results mostly at the farm level being quite successful and encouraging.”
Sharat Reddy Sabbella, page 10 of the filed PDF · View the filing
Risks flagged
Volatility in raw material pricing
p. 9
“So, in the short term, I think raw material pricing being volatile across the spectrum is a risk for the sector.”
Sharat Reddy Sabbella, page 9 of the filed PDF · View the filing
Erratic weather affecting farm-based operations
p. 9
“And weather also being erratic, I think there are certain reports that there could be intense weather during the rest of the calendar year this year.”
Sharat Reddy Sabbella, page 9 of the filed PDF · View the filing
Disruption from Middle East conflict affecting shipments and costs
p. 3
“With several Middle East-bound orders affected, we had to repack orders and divert shipments to alternate markets, which increased our operational costs and led to some amount of inventory build-up.”
Sharat Reddy Sabbella, page 3 of the filed PDF · View the filing
Abnormal increase in fishmeal prices impacting margins
p. 4
“While the company had made arrangements to maintain healthy levels of inventory of key raw materials, the abnormal increase in fishmeal prices due to certain unprecedented reasons resulted in an increase in costs.”
Sharat Reddy Sabbella, page 4 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.