Paint maker narrows annual losses and cuts expenses as operational efficiencies and cost rationalisation improve financial performance
Shalimar Paints reported an improvement in its financial performance for FY26, with the company turning Ebitda positive in the fourth quarter and narrowing its annual net loss through a combination of cost controls, operational efficiencies and portfolio optimisation.
The paint manufacturer posted a net loss of Rs 63.34 crore for FY26, compared with a loss of Rs 80.11 crore in the previous financial year, reflecting a 21 per cent reduction in losses. Loss per share also improved to Rs 7.57 from Rs 9.57 in FY25.
Revenue from operations stood at Rs 569.03 crore during FY26, down from Rs 599.06 crore a year earlier. Total income declined to Rs 575.89 crore from Rs 608.92 crore in FY25. However, the company succeeded in significantly reducing its expenditure, with total expenses falling to Rs 634.63 crore from Rs 689.03 crore in the previous year.
The improvement in profitability metrics comes as the company continues efforts to strengthen its product portfolio and streamline operations amid intense competition in India’s paints industry.
Commenting on the results, Kuldip Raina said FY26 had been a year of focused execution, marked by tighter operational controls, cost rationalisation and portfolio strengthening initiatives.
He noted that while the company remains on its path towards profitability, improvements in loss per share and the overall expense structure indicate that the business is moving in the right direction.
The company also highlighted broader industry tailwinds, including government-led infrastructure development, rapid urbanisation and growing premiumisation across both decorative and industrial paint segments, which are expected to support long-term demand.
Shalimar Paints said it remains focused on balancing its legacy brand strength with investments in innovation, efficiency and customer-centric offerings as it seeks to improve profitability and expand its presence in the market.
The achievement of positive Ebitda in the final quarter of FY26 is seen as an important milestone for the company as it works towards sustained financial recovery and long-term growth.
