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Linc
SectorFMCG
The Quarter story
The two most recent quarterly results, compared side-by-side.
Linc Ltd maintains a strong cash position and expands its premium writing instruments business, but faces sharp profit margin contraction and slower asset efficiency in Q1 FY27.
Net current assets grow from ₹2,211 Cr in Q1 FY26 to ₹9,397 Cr in Q1 FY27, building a strong short-term liquidity buffer.
Operating EBITDA margin contracts from 12.9% in Q4 FY26 to 8.7% in Q1 FY27, signaling pressure on core profitability.
Premium writing instruments revenue rises from ₹5,709 Cr in Q3 FY26 to ₹7,206 Cr in Q1 FY27, driving consistent top-line growth.
Profit after tax drops from ₹1,046 Cr in Q4 FY26 to ₹581 Cr in Q1 FY27, revealing inconsistent bottom-line delivery.
Gross debt falls from ₹710 Cr in Q3 FY26 to ₹618 Cr in Q1 FY27, reflecting successful debt reduction.
Cash conversion cycle lengthens from 59 days in Q1 FY26 to 65 days in Q1 FY27, reflecting slower working capital efficiency.
Promoter and Mitsubishi stakes hold steady at 61.0% and 13.5% from Q1 FY26 to Q1 FY27, ensuring stable strategic control.
Mass segment own brands revenue declines from ₹3,374 Cr in Q3 FY26 to ₹2,428 Cr in Q1 FY27, indicating weakening demand in the affordable tier.
Licensed brands revenue in writing instruments increases from ₹2,141 Cr in Q3 FY26 to ₹2,346 Cr in Q1 FY27, confirming steady brand traction.
Fixed asset turnover slips from 4.26x in Q1 FY26 to 3.72x in Q1 FY27, showing reduced efficiency in utilizing production capacity.