Chaman Lal Setia Exports targets INR 1,500 crore revenue for FY26

Chaman Lal Setia Exports Ltd. anticipates achieving INR 1,500 crore in revenue for the current financial year FY26, following H1 FY26 sales of INR 600 crore. This projection is driven by increasing orders and favorable market conditions, despite export sales decreasing by approximately INR 150 crore in the quarter due to lower rice prices, which caused customers to delay purchases. The company noted that current rice prices for 1718, 1509, and 1401 varieties are around INR 64-66.

The company is actively procuring large quantities of rice at these lower prices, aiming to build substantial inventory, which is projected to exceed INR 500 crore by FY26 end. All new capacity additions, including plants in Karnal and Gandhidham, are commissioned and operational. The management emphasized a focus on profitability and is confident in their ability to sell existing stock at profitable prices across their 95 countries of operation.

Domestic sales saw declines, with the company prioritizing exports due to better returns. Export demand for Basmati rice is broadening beyond traditional ethnic consumers to include local populations in countries like the US, UK, and Europe. Ocean freight costs are currently favorable, supporting business workability.