Control Print LimitedQ1 FY27 Results & Financial Update

Control Print Limited: Q1 FY27 consolidated results and company financials – revenue ₹115.56 Cr, PAT ₹3.92 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.

NSE: CONTROLPRPublished 21 Oct 2026Updated 21 Oct 2026~6 min read
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Revenue from operations₹115.56 CrReported Q1 FY27
Profit after tax₹3.92 CrReported Q1 FY27
EPS₹2.45Reported Q1 FY27

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Quarterly Results AnalysisExplore Control Print Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.

Quarter overview

Quarterly earnings analysis

01

For the quarter ended June 30, 2026, Control Print Limited reported consolidated revenue from operations of INR 115.56 crore and a total income of INR 115.73 crore.

02

Profit before tax (PBT) for Q1 FY27 stood at INR 9.82 crore, while total consolidated profit for the period (PAT) reached INR 3.92 crore, reflecting a pat margin of approximately 3.39%.

04

The company's operational performance was supported by steady demand across core sectors such as pipes, food, dairy, cable and wire, FMCG, steel, metal, and wood.

05

During the quarter, the company maintained its annuity-driven revenue model, benefiting from a growing installed printer base that exceeds 23,000 units and drives recurring consumable demand.

06

The board of directors reviewed and approved the unaudited financial results at their meeting held on July 23, 2026, with statutory auditors issuing an unmodified review report.

07

Management continued to execute its three-pronged long-term growth strategy focusing on core coding and marking expansion, scaling the track-and-trace solutions brand QRiousCodes, and growing the packaging business.

01 · Business model

What does Control Print do?

Control Print Limited operates in the coding and marking industry, providing high-speed printing machines, consumables, spares, and after-sales services to diverse manufacturing sectors.

The company's primary product lines include Continuous Inkjet Printers (CIJ), Thermal Inkjet Printers (TIJ), High-Resolution Printers, Thermal Transfer Overprinters (TTO), Laser Printers, and Large Character Printers.

Operating through an annuity business model, the company leverages its expanding installed printer base of over 23,000 units to generate recurring, high-margin revenue from consumable inks, solvents, and ribbons.

The firm serves more than 1,700 cities and towns across India with over 350 sales and service engineers, while also expanding its international footprint through European subsidiaries such as Markprint BV and Codeology Group Ltd.

02 · Historical context

What shaped the business before this quarter

Acquisition of Innovative Codes

On August 25, 2021, the company acquired an 80% stake in Innovative Codes (I) Private Limited to strengthen its manufacturing of ink-jet printing machines and consumables.

Expansion into European Markets

On June 8, 2022, Control Print acquired Control Print BV in the Netherlands, followed by the acquisition of a majority stake in Markprint BV on July 5, 2022.

Packaging and Automation Entry

Between February and March 2024, the group expanded its capabilities through the acquisition of Codeology Group Ltd in the UK and the acquisition of business assets from V-Shapes S.R.L in Italy via CP Italy SRL.

03 · Financial snapshot

Current-quarter financial snapshot

MetricQ1 FY27
Revenue from operations₹115.56 Cr
Total income₹115.73 Cr
Profit before tax₹9.82 Cr
Profit after tax₹3.92 Cr
EPS₹2.45

04 · Why it moved

Why the quarter looked the way it did

What drove revenue

Consumables Annuity Model

A substantial portion of revenue is generated from recurring sales of high-margin consumables, inks, solvents, and spare parts tied to the expanding installed printer base.

Printer Sales and Placement

New printer placements across continuous inkjet, thermal inkjet, and laser categories continued to expand the active customer base, creating long-term service and consumable revenue streams.

What drove margins

Product Mix and Consumables Share

Margins are structurally supported by the higher proportion of recurring consumable sales relative to lower-margin hardware placements.

Operating Costs and Scale

Consolidated expenses for Q1 FY27 totaled INR 105.91 crore, encompassing material consumption, employee benefit expenses of INR 27.39 crore, depreciation of INR 4.80 crore, and finance costs of INR 0.85 crore.

05 · Demand, customers & order book

Where demand is coming from

Diversified End-User Industries

The company serves diverse sectors including FMCG, food and dairy, pharmaceuticals, agrochemicals, automotive, cables and wires, and building materials.

Installed Base Expansion

The active installed base of printers surpassed 23,000 units, servicing customers across more than 1,700 cities and towns in India.

06 · Segments, products & geography

Which parts of the business are doing the work

Segments and products

Single Reportable Segment

The company operates under a single primary reportable segment, namely Coding and Marking Applications, in accordance with Ind AS 16 segment reporting standards.

Geography and market mix

Domestic and International Reach

Domestic operations continue to anchor revenues through manufacturing facilities in Nalagarh and Guwahati, while international subsidiaries in the Netherlands, UK, Italy, and UAE contribute to global market access.

07 · Capacity, projects & execution

What is being built, commissioned or delivered

Capacity, production and utilisation

Manufacturing Facilities

Production is anchored by the 30,000 sq. ft. Nalagarh plant (producing CIJ, LCP, TTO, and coders) and the 70,000 sq. ft. Guwahati facility (producing TIJ, high-resolution printers, and manufacturing inks and solvents).

Projects, capex and execution

Intellectual Property Acquisition

On May 8, 2026, the company entered into an IP Assignment Agreement with its step-down subsidiary CP Italy S.R.L. to acquire intellectual property rights and patents for INR 31.20 crore (approx. EURO 28.60 lakhs), recorded as intangible assets under development as of June 30, 2026.

Assam Facility Expansion

The company previously established a land lease agreement for a new manufacturing facility spanning approximately 11.57 acres in Assam for INR 8.61 crore, targeting extrusion, coding and marking products, and food co-packaging units under the UNNATI 2024 scheme.

08 · Strategy & new businesses

How the company is trying to change its growth mix

Track and Trace Solutions

The company is expanding its QRiousCodes brand to offer cloud-based track-and-trace solutions, moving up the value chain from hardware to data analytics and supply chain visibility.

Single-Serve Packaging

Leveraging V-Shapes technology acquired via CP Italy SRL, the company provides specialized single-serve packaging equipment, laminates, and co-packaging services.

09 · Reported developments

What changed operationally

Unmodified Review Report

Statutory auditors issued an unmodified review report on both standalone and consolidated financial results for Q1 FY27.

Steady Core Demand

Sustained customer traction across dairy, sugar, plywood, cement, and FMCG sectors supported operational continuity.

10 · Beyond the numbers

What changed beyond the numbers

Reported update

Board Meeting Timing

The Board of Directors met on July 23, 2026, between 10:45 A.M. and 11:50 A.M. via video conferencing to approve the quarterly financial results.

11 · Key Q&A

The quarter, answered directly

What does Control Print do?

Control Print Limited operates in the coding and marking industry, providing high-speed printing machines, consumables, spares, and after-sales services to diverse manufacturing sectors.

What is the clearest takeaway from Q1 FY27?

For the quarter ended June 30, 2026, Control Print Limited reported consolidated revenue from operations of INR 115.56 crore and a total income of INR 115.73 crore.

What drove revenue or demand?

A substantial portion of revenue is generated from recurring sales of high-margin consumables, inks, solvents, and spare parts tied to the expanding installed printer base.

What mattered most for margins or profitability?

Margins are structurally supported by the higher proportion of recurring consumable sales relative to lower-margin hardware placements.

What changed operationally beyond the headline numbers?

Production is anchored by the 30,000 sq. ft. Nalagarh plant (producing CIJ, LCP, TTO, and coders) and the 70,000 sq. ft. Guwahati facility (producing TIJ, high-resolution printers, and manufacturing inks and solvents).

What should the next disclosure help confirm?

Monitor the completion of the intellectual property assignment agreement with CP Italy S.R.L. within the stipulated 90-day window from May 8, 2026.

12 · Scenario calculator

Earnings sensitivity: what if growth and margins change?

Starting point

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The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.

13 · Next filing checkpoints

What the next disclosure can confirm or change

  1. 01

    IP Transaction Completion: Monitor the completion of the intellectual property assignment agreement with CP Italy S.R.L. within the stipulated 90-day window from May 8, 2026.

  2. 02

    Track and Trace Adoption: Track commercial progress and market uptake of the QRiousCodes track-and-trace platform in pharmaceutical and regulated industries.

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