Churchill China stock falls on lower revenue and profit

Churchill China PLC on Monday reported decreased revenue and earnings for its first half.

Its shares closed down 7.3% at 350.00 pence on Monday in London.

The Stoke-on-Trent, UK-based manufacturer and supplier of ceramic tableware reported £2.3 million in pretax profit for the first six months of 2026, down 26% from £3.1 million the year before.

Revenue decreased 2.9% to £37.4 million from £38.5 million. Churchill China noted that European and US sales were slightly higher, while Rest of the World sales were "broadly in line".

"UK hospitality sales were down 3.3% and material sales were behind 2025 by 16.5%," it added.

Churchill China declared an interim dividend of 7.0p per share, unchanged from the previous year.

The company said its performance so far this year "has been broadly in line with expectations" with improved profitability in the second quarter, and professed confidence in its second-half margins due to the resolution of operational issues.

After the fourth quarter, which will be its "most significant trading period", Churchill China still forecasts "full year profitability...in line with expectations."

"While near-term market conditions remain challenging, I am confident in the strength of our competitive position and product proposition," commented Chief Executive Officer James Roper. "We are well placed to outperform the markets in which we operate and to create long-term value for shareholders.

"Looking ahead, a key priority for me is to accelerate sales growth and increase Churchill's share of the markets we serve. We are focused on winning market share, securing new project business, broadening our customer base and ensuring that the investments we have made in our products, people and manufacturing capabilities translate into sustainable profitable growth."

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