Tarsons products reports strong H1 FY26 growth, EBITDA up 18.4%

Tarsons Products Limited announced strong performance for the second quarter and first half ended September 30, 2025. Consolidated revenue for H1 FY26 reached ₹193.7 crore, a 5.2% year-on-year increase. EBITDA saw an impressive 18.4% rise to ₹52.1 crore compared to ₹44.0 crore in H1 FY25, with margins expanding by 300 basis points. Consolidated cash PAT also grew by 20.8% year-on-year to ₹47.5 crore.

Despite accelerated depreciation and higher finance costs from new facilities, the company's net cash from operating activities more than doubled, increasing from ₹22 crore in H1 FY25 to ₹44.5 crore in H1 FY26. This indicates efficient working capital management and an improved cash conversion cycle, with cash flow from operations/EBITDA at a healthy 85% for H1 FY26, up from 50% in H1 FY25.

Tarsons Products maintains a diversified product portfolio across consumables (55.5% of FY25 revenues), reusables (40.7%), and other benchtop instrumentation (3.8%), manufactured in six vertically integrated facilities. The company also boasts a wide distribution network, serving over 40 countries through 45+ distributors, and anticipates further growth by expanding into new product categories and capacity at its Panchla and Amta facilities.