Chaman Lal Setia Exports Ltd

Volume movement clarification

• Affirms compliance with SEBI LODR 2015 and timely disclosure of events.
• States no information has been withheld that would impact share volume or price.
• Notes volume rise is market-driven; company has no control or knowledge of reasons.
• No undisclosed or price-sensitive information or pending announcements at this time.

Financial performance

• Q1 FY27 EBITDA margin stood at 12.59%.
• Export revenue share of FY26 was 91%; domestic about 9%.
• Domestic price was INR 64 per kg; export price INR 98 per kg.
• First Saudi shipment to Al-Muhaidib was 500 tons.
• Potential Al-Muhaidib volume is up to 2.5 lakh tons.
• Brands exceed 300; Maharani is flagship; Mithas, Begum, Anarkali also present.
• Export markets include US, Canada, New Zealand, Europe, Russia, Africa.
• Capacity utilization described as full swing; no idle capacity.
• Paddy mix ranges 45% to 30%; rest is rice.

Operating update

• Saudi Al-Muhaidib group joined as major buyer; first 500-ton shipment underway.
• Domestic sales revival supported by Agra distributor; recent order of 100 tons.
• Maharani is flagship; other brands Mithas, Begum, Anarkali; 300+ private-label brands.

Q&A highlights

• Oceans freight costs rising; pricing moved to CIF with freight charged to buyers.
• Saudi Al-Muhaidib deal: first 500-ton shipment was profitable; margins preserved.
• Revenue could reach up to INR 2,000 crores this year.
• EBITDA margin expected to sustain around current levels; stockpiles support margins.
• Packing capacity: current ~500 tons/day, potential to 800 tons/day.
• Buyer-development team active; over 20 people doing 24x7 outreach; ~10 queries daily.
• Monsoon impact neutral so far; early crops priced high supporting margins.

Outlook and risks

• Exports remain dominant; domestic focus growing to diversify revenue base.
• No buyback announced on this call; management acknowledged the question.
• Future volumes depend on logistics improvements and war dynamics.

Meeting Details

• Date of investor call: 07 August 2026.
• Type/Mode: investor conference call (audio, virtual).
• Organizer: Chaman Lal Setia Exports Ltd.
• Purpose: discuss Q1 FY27 financial performance.
• Recording: audio recording of the call will be available.

Business Overview

• Fully integrated farm-to-fork basmati business with processing, packaging, warehousing, and global distribution.
• Exports to 95+ countries through 440+ distributors; flagship Maharani brand.
• Warehouse capacity 82,500 MT; Mundra facility and Karnal packing units under expansion.
• Premiumisation strategy focusing on branded and value-added rice products.
• Conservative leverage with net debt negative; strong cash generation.

Operational Highlights

• Q1 FY27 revenue rose 12.2% YoY to 345.9 cr.
• Volume for quarter: 36,616 MT.
• Average export realization: 98/kg, up 27.9% YoY.
• Domestic realization: 64/kg, up 13% YoY.
• Brand realization: 92/kg.
• EBITDA 43.6 cr; EBITDA margin 12.6% (up 301 bps).
• Net profit 32.0 cr; PAT margin 9.2% (up 220 bps).
• Diversified export footprint across 95+ countries offset freight costs.
• Demand strength from Canada, USA, Australia, and Far East.

Financial Performance

• Net Sales: 345.9 cr; Gross Margin 25.4%.
• EBITDA: 43.6 cr; EBITDA Margin 12.6%.
• PAT: 32.0 cr; PAT Margin 9.2%.
• Inventory management and working capital cycle remain prudent.

Capital Structure & Liquidity

• FY26: Net debt to equity around -0.06; ROE ~15%; ROCE ~18%.
• Exports accounted for ~88% of FY26 revenue.

Strategic Priorities & Outlook

• Focus on expanding branded portfolio; strengthening domestic and global presence.
• New Mundra facility and Karnal packaging expansion to accelerate exports.
• Pursue premiumisation in branded/value-added products; maintain procurement discipline.

Risks & Mitigation

• Elevated ocean freight costs and geopolitical uncertainties mitigated by diversified export footprint.
• Procurement strategy reduces inventory risk and supports cash flow.

Governance & Leadership

• Chairman & Managing Director: Vijay Kumar Setia; Joint MD & CFO: Rajeev Setia.
• Company Secretary: Kanika Nevtia.

Financial highlights

• Quarter ended 30 Jun 2026: standalone revenue from operations ₹34,591.95 lakhs.
• Other income ₹223.29 lakhs; total income ₹34,815.24 lakhs.
• Total expenses ₹30,540.59 lakhs; profit before exceptional items ₹4,274.65 lakhs.
• Profit before tax ₹4,274.85 lakhs; current tax ₹1,082.07, deferred ₹-6.15.
• Profit for the period ₹3,198.73 lakhs; basic and diluted EPS ₹6.44.
• Notes: single primary segment—rice manufacturing, trading and export.
• Board approved unaudited results; limited-review conducted by statutory auditors.
• Figures for previous periods regrouped/reclassified for comparability.
• Auditor's review did not express an audit opinion.
• Board meeting date 06 Aug 2026; place Gurugram.