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Ultramarine & Pigments Ltd (506685)

📊 BSE: 506685 🏢 Dyes And Pigments 📢 Latest filing: 07 Aug 2026 📝 Analysis written: 13 Nov 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Ultramarine & Pigments' revenue was ₹240 Cr (+30.4% year on year, +20.6% on the previous quarter), and net profit ₹31.6 Cr (+58.0% year on year); the operating margin was 18.9%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹240	+30.4%	+20.6%
Operating profit	₹45.5	+42.1%	+74.9%
Net profit	₹31.6	+58.0%	+125.6%
EPS (₹)	10.82	+56.6%	+123.1%
Operating margin	18.9%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

56% YoY Profit Growth in Q1 FY27; Revenue up 30% to Rs 239.96 Cr

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 07 Aug 2026, 02:38 PM

Ultramarine & Pigments reported a strong start to FY27 with consolidated revenue growing 30.1% YoY to Rs 239.96 Cr. Net profit surged 56.5% YoY to Rs 31.59 Cr, a significant recovery from the Rs 14.15 Cr reported in the preceding quarter (Mar 2026). The growth was primarily driven by the core 'Laundry and Allied Products' segment, which saw revenue increase by 35.1% YoY. Consolidated EPS improved to Rs 10.82 from Rs 6.91 in the year-ago period.

Consolidated Revenue increased 30.1% YoY to Rs 239.96 Cr from Rs 184.38 Cr
Net Profit grew 56.5% YoY to Rs 31.59 Cr compared to Rs 20.19 Cr in Q1 FY26
Laundry and Allied Products segment revenue rose to Rs 213.27 Cr from Rs 157.81 Cr YoY
Segment profit for the core laundry business improved 53.8% YoY to Rs 42.10 Cr
Consolidated EPS for the quarter stood at Rs 10.82, up from Rs 4.85 in the previous quarter

💡 Investors should monitor the sustainability of the margin expansion in the Laundry and Allied Products segment. Watch for management commentary regarding raw material price trends and demand outlook in the pigments industry to see if this growth trajectory continues.

Q1 FY27 Results: Consolidated Revenue up 30% to ₹240 Cr; Net Profit drops 38% on high input costs

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 07 Aug 2026, 02:28 PM

Ultramarine & Pigments reported a strong 30.1% YoY increase in consolidated revenue to ₹239.95 Cr for Q1 FY27. However, consolidated Net Profit fell significantly by 38.6% to ₹12.39 Cr compared to ₹20.19 Cr in the previous year. This divergence was driven by a 57.9% surge in raw material costs, which reached ₹111.64 Cr. While the core Laundry and Allied Products segment remains the primary driver with ₹213.17 Cr revenue, the IT Enabled Services segment added ₹26.78 Cr to the top line but appears to be a drag on consolidated profitability.

Consolidated Revenue from Operations grew 30.1% YoY to ₹239.95 Cr from ₹184.38 Cr.
Consolidated Net Profit declined 38.6% YoY to ₹12.39 Cr from ₹20.19 Cr.
Cost of materials consumed surged 57.9% YoY to ₹111.64 Cr from ₹70.70 Cr.
IT Enabled Services segment contributed ₹26.78 Cr to revenue but only ₹3.57 Cr to segment results.
Consolidated EPS dropped to ₹4.24 from ₹6.91 in the year-ago quarter.

💡 Monitor raw material price trends and the company's ability to pass on costs to maintain margins. Watch for the profitability trajectory of the IT Enabled Services segment, which is currently diluting consolidated earnings.

Ultramarine & Pigments to consider Q1 FY27 results on August 7, 2026

🟡 NEUTRAL ⭐ 2/10

BOARD_MEETING 📅 27 Jul 2026, 04:50 PM

Ultramarine & Pigments Ltd has scheduled a board meeting for August 7, 2026, to approve its unaudited financial results for the quarter ended June 30, 2026. The company currently reports a TTM revenue of 775 Cr and a PAT of 80 Cr. Investors will be monitoring these results closely given the stock's 31.6% decline over the past 12 months and a relatively low P/E of 13.7. The previous quarter (March 2026) saw an EPS of 4.85, which was a significant drop from the 9.28 reported in December 2025.

Board meeting scheduled for August 7, 2026, to approve Q1 FY27 results
Results will cover the three-month period ending June 30, 2026
Company reported TTM revenue of 775 Cr and TTM PAT of 80 Cr
Operating profit margin (OPM) currently stands at 16.0%
Promoter holding remains stable at 40.49% as of June 2026

💡 Watch for the earnings release on August 7 to see if the company can reverse the downward trend in quarterly net profit seen in March 2026 ( 14 Cr vs 27 Cr in Dec 2025).

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