Key Financial Figures - Q4 FY26 Consolidated Performance

  • Revenue from Operations: ₹378.1 Cr, up 34.1% YoY from ₹281.9 Cr in Q4 FY25 and up 10.8% QoQ from ₹341.3 Cr in Q3 FY26
  • Gross Profit: ₹27.5 Cr, up 65.9% YoY from ₹16.6 Cr
  • Gross Profit Margin: 7.3% compared to 5.9% in Q4 FY25 and 7.6% in Q3 FY26
  • EBITDA: Loss of ₹20.8 Cr (EBITDA margin: -5.5%)
  • PAT: Loss of ₹12.9 Cr (PAT margin: -3.4%)
  • Other Income: ₹9.4 Cr
  • Finance Costs: ₹0.5 Cr

Full Year FY26 Consolidated Performance

  • Revenue from Operations: ₹1,305.9 Cr, up 20.0% YoY from ₹1,088.1 Cr in FY25
  • Gross Profit: ₹97.5 Cr, up 37.9% YoY from ₹70.7 Cr
  • Gross Profit Margin: 7.5% compared to 6.5% in FY25
  • EBITDA: Loss of ₹65.5 Cr (EBITDA margin: -5.0%)
  • PAT: Loss of ₹1.4 Cr (PAT margin: -0.1%)
  • Other Income: ₹71.6 Cr

Revenue Breakdown by Vertical (Q4 FY26)

  • Retailer Shakti: ₹310.5 Cr
  • Supply chain SastaSundar: ₹44.45 Cr
  • Financial Services: ₹32.1 Cr
  • Diagnostics: ₹0.4 Cr
  • Total Revenue: ₹387.5 Cr

Working Capital Management

  • Working Capital Days: 18 days in Mar-26 (improved from 29 days in Dec-25 and 18 days in Sep-25)
  • Working Capital as % of Revenue: 5% in Mar-26 (8% in Dec-25, 5% in Sep-25)
  • Working Capital in ₹: ₹74 Cr in Mar-26 (₹109 Cr in Dec-25, ₹60 Cr in Sep-25)
  • Inventory Days: 34 days (consistent across Mar-26, Dec-25, and Sep-25)
  • Receivable Days: 4 days in Mar-26 (5 days in Dec-25, 6 days in Sep-25)
  • Payable Days: 20 days in Mar-26 (9 days in Dec-25, 22 days in Sep-25)

Capital Deployment

  • Total Capital Raised: ₹352 Cr
  • Cost of Capital (post-tax) @9% p.a XIRR: ₹431 Cr
  • Total Capital deployed with cost of capital: ₹783 Cr
  • Capital Bought back: ₹100 Cr
  • Net Capital after Buy Back: ₹683 Cr
  • Treasury in SHBL: ₹424 Cr
  • Net assets in SHBL: ₹140 Cr
  • Capital deployed in IPR of Business: ₹119 Cr

Operational Infrastructure - Warehousing Capacity

  • West Bengal: Existing 1,56,000 Sq. Ft. with additional 80,000 Sq. Ft. planned
  • Noida: Existing 39,500 Sq. Ft. with additional 100,000 Sq. Ft. planned
  • Guwahati: Existing 25,800 Sq. Ft. with additional 75,000 Sq. Ft. planned
  • New Fulfillment Centers: Lucknow (75,000 Sq. Ft.), Udaipur (75,000 Sq. Ft.), Patna (1,00,000 Sq. Ft.)
  • Total Existing Capacity: 2,21,300 Sq. Ft.
  • Total Additional Capacity Planned: 5,05,000 Sq. Ft.

Strategic Priorities for Next 5 Years

  • Target Growth CAGR: 30%+
  • Expanding wallet share of existing customers
  • Geographic expansion across existing and new fulfillment centers
  • Opening new fulfillment centers
  • Category expansion into wellness, personal care, and beauty care
  • Expanding services including diagnostic, doctor consultation, quick health
  • AI Integration across the value chain including intelligent medicine counseling, consultation validation, wellness counseling, smart health records, and backend process automation

Leadership Team

  • Mr. B.L. Mittal - Executive Chairman, Managing Director and Chief Executive Officer, Founding Member (30+ years experience)
  • Mr. Ravi Kant Sharma - Non-Executive Director, Founding Member (30+ years experience)
  • Vikash Somani - National Head: Operations (20+ years experience)
  • Chief Revenue Officer (20+ years experience)
  • Pankaj Sharma - National Head: Logistics (25+ years experience)
  • Vinay Khaitan - Chief Technology Officer (27+ years experience)
  • Lokesh Agarwal - Chief Financial Officer (15 years experience)

Historical Financial Performance (Consolidated)

| Year | Revenue (₹ Cr) | Gross Profit (₹ Cr) | GP Margin | PAT (₹ Cr) |

| Mar-26 | 1,305.9 | 97.5 | 7.5% | (1.4) |

| Mar-25 | 1,088.1 | 70.7 | 6.5% | (133.5) |

| Mar-24 | 1,355.2 | 122.4 | 9.0% | 5.9 |

| Mar-23 | 1,036.9 | 76.5 | 7.4% | (99.5) |

| Mar-22 | 623.0 | 40.5 | 6.5% | 865.1 |