Creative Graphic Q2 FY26 results (Jul–Sep 2025) and concall

Creative Graphics reported strong Q2 FY26 results with sales growing over 50% and PAT by 33% year-on-year, driven by high utilization of existing capacity and new capacity additions. The company is expanding into new product lines like PVDC and tandem, with initial utilization targets of 10-15% for H2 FY26, ramping up to 70-80% by next fiscal year. However, margins faced pressure from raw material costs and forex, leading to a deterioration in working capital and negative cash flow from operations, which management aims to address through bill discounting and internal accruals.