Control Print Ltd

BUILDING ON LEGACY AND CREATING IMPACT

Dear Shareholders,

At Control Print Limited, our journey since 1991 has been driven by innovation, resilience, and a commitment to building self-reliant, world-class solutions. As India?s only domestic manufacturer of coding and marking equipment, we are proud to offer end-to-end, locally manufactured solutions that serve a wide array of industries. This year?s theme; Mark. Move. Master. reflects our strategic direction: strengthening our core business, expanding into high-potential adjacencies, and investing in future-ready innovations. It captures our intent to lead with purpose, respond with agility, and create long-term value. FY 2024-25 was a year of measured growth and strategic advancement. We consolidated our domestic market share at 19-20%, supported by strong manufacturing capabilities in Nalagarh and Guwahati, an expanding installed base of over 21,000 printers, and recurring revenues from consumables. We sharpened our focus on high-value customers in sectors such as dairy, plywood, and cement, while maintaining strong contributions from pipes, cables, and metal. Internationally, we expanded through subsidiaries in the UK, Netherlands, UAE, and continued to diversify through innovation-led platforms such as QRiousCodes and V-Shapes in Italy.

Global and Domestic Landscape

Despite geopolitical and economic challenges, the global economy grew by 3.3% in 2024, with growth for 2025 projected at 2.8%. India continues to outperform, with GDP growth estimated at 6.5% for FY 2024-25, driven by strong domestic fundamentals and sustained industrial momentum. These macro trends are encouraging for Control Print, as demand increases for reliable, locally manufactured coding and marking equipment under initiatives like ‘Make in India?.

Financial Performance

On a consolidated basis, in FY 2024-25, we achieved our highest-ever revenue, with net sales of 4,250.3 Million, marking an 18.3% YoY growth. Printer sales were strong, driven by targeted marketing initiatives and enhanced product visibility. Gross profit stood at 2,463.01 Million, with a margin of 57.95%, impacted by a higher proportion of lower-margin printer sales. EBITDA reached 800.9 Million, with a margin of 18.84%, reflecting increased investments in marketing and customer engagement. PAT (excluding exceptional items) stood at 1,000.5 Million, representing a year-on-year growth of 84.5%, and EPS at 62.56.

Operational Overview

At Control Print, our comprehensive product portfolio covering CIJ, TIJ, laser, and large character printers continues to experience strong demand from sectors like food, dairy, cables, steel, and pipes. Our manufacturing units operate at 60-65% capacity, and we sold 2,927 printers this year. We advanced our strategy by targeting larger accounts to enhance long-term, high-quality revenue and broadened our reach among smaller clients through dedicated lead generation

Outlook

India?s robust industrial momentum continues to provide a strong tailwind for Control Print?s growth. As domestic manufacturing accelerates under national initiatives and sectoral demand intensifies, we are seeing greater adoption of coding and marking solutions across core industries. This favourable environment not only reinforces the strength of our core business but also creates fertile ground for strategic diversification. Building on this momentum, we are expanding into high-potential areas such as Track and Trace solutions and mono-dose packaging through our V-Shapes . venture in Italy. These initiatives are aligned with evolving industry needs, regulatory developments, and global packaging trends. We remain confident in our ability to deliver sustainable, long-term growth by combining disciplined execution with innovation and a customer-first approach. As we scale operations and broaden our market presence, our focus remains on preserving healthy gross margins and building a resilient, future-ready business.