India's Carysil hits 27-month high on upbeat quarterly results

Carysil

21/05/2026 07:04

** Kitchen sink maker Carysil's shares CARY.NS rise 5.1% to 1,074 rupees, highest level since Feb 15, 2024

** CARY gained 11.2% on Wednesday after posting 46% y/y surge in Q4 net profit, 14.5% revenue jump

** Plans 500 million rupee ($5.19 million) investment to expand quartz sink capacity to 1.25 mln units from 1 mln units per annum by FY27

** Expansion driven by U.S. retail chain partnerships as co diversifies beyond India market

** Trading volume at 592,060 shares so far, 4.6x 30-day average

** CARY up 17% in 2026 so far

($1 = 96.2850 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))