**1. Financial Highlights:** Q1 FY26 revenue ₹288.5 Cr (+16.8% YoY), EBITDA ₹49.5 Cr (+17.9% YoY) with 17.2% margin.

PAT ₹29.0 Cr (+10.5% YoY). Strong broad-based growth, Creative up 77%, Steel Bottles 55%. Own brand sales surged 23% YoY. **2. Strategic Initiatives & Growth Drivers:** FY26 capex of ₹80-90 Cr targets a new Valsad unit.

Increasing in-house creative production to 70% & overall capacity by 10%. Implementing new ERP for efficiency; expanding sales/marketing teams. **3. Business Developments:** 22 new products launched.

Strategic partnerships with Disney & Maped France expand offerings.

New Flomaxe Stationery venture strengthens polymer pencils.

Creative & Steel Bottles segments show robust growth. **4. Market Position & Competitive Advantage:** Leading pen brand, top 3 in writing instruments, and India's largest exporter.

Net debt negative, with vast pan-India distribution.

Successful diversification into high-growth Creative & Houseware, leveraging premiumization. **5. Investor Implications:** Consistent financials and strategic investments in Creative & Steel Bottles point to positive growth potential.

Partnerships and premiumization efforts should enhance market share.

Monitor execution of capex and new ventures.