Key Financial Figures (Amount in ₹ Crore)

Profit & Loss Statement Highlights:

  • Revenue from operations: ₹44.99 (H1 FY27) vs ₹45.19 (H1 FY26) vs ₹91.39 (FY26)
  • Other income: ₹0.25 (H1 FY27) vs ₹0.12 (H1 FY26)
  • Total revenue: ₹45.24 (H1 FY27) vs ₹45.31 (H1 FY26)
  • Total expenses: ₹46.50 (H1 FY27) vs ₹47.48 (H1 FY26)
  • Loss before exceptional items and tax: ₹(1.26) (H1 FY27) vs ₹(2.17) (H1 FY26)
  • Exceptional items (prior period depreciation): ₹(0.52)
  • Loss before tax: ₹(1.78) (H1 FY27) vs ₹(2.17) (H1 FY26)
  • Tax expense: ₹(0.56) (deferred tax - prior period reversal)
  • Net loss for the period: ₹(1.22) (H1 FY27) vs ₹(2.17) (H1 FY26)
  • Basic and diluted EPS: ₹(0.83) (H1 FY27) vs ₹(1.48) (H1 FY26)

Balance Sheet Highlights (as of 30.09.2026):

  • Share capital: ₹14.63 (unchanged from 31.03.2026)
  • Reserves and surplus: ₹2.71 (down from ₹3.93)
  • Short-term borrowings: ₹7.97 (up from ₹5.92)
  • Trade payables: ₹12.25 (up from ₹9.39)
  • Total liabilities: ₹38.45 (up from ₹36.18)
  • Tangible assets: ₹7.99 (down from ₹8.94)
  • Inventories: ₹15.96 (up from ₹13.28)
  • Cash and cash equivalents: ₹12.25 (up from ₹12.16)
  • Total assets: ₹38.45 (up from ₹36.18)

Cash Flow Statement Highlights:

  • Net cash from operating activities: ₹(1.33)
  • Net cash from investing activities: ₹(0.04)
  • Net cash from financing activities: ₹1.46
  • Net increase in cash: ₹0.09

Segment-wise Performance (H1 FY27):

  • Salon segment revenue: ₹3.02; Segment result: ₹(0.06)
  • Food & Beverages segment revenue: ₹12.98; Segment result: ₹(0.30)
  • Retail Store segment revenue: ₹28.99; Segment result: ₹(0.70)

Accounting Policies and Notes

1. The financial results were prepared in accordance with Accounting Standard 25 "Interim Financial Reporting" and Regulation 33 of SEBI LODR.

2. The company computed depreciation on straight-line method as per Schedule II of Companies Act, 2013. A cumulative short charge of depreciation up to 31st March, 2026, amounting to ₹51.65 lakh was recognized as a prior period item under exceptional items. Depreciation for the half year was ₹72.59 lakh.

3. The deferred tax liability of ₹56.33 lakh as at 31st March, 2026 was reversed as there were no taxable timing differences at that date. No deferred tax asset was recognized on unabsorbed depreciation, carried forward business losses, and other timing differences due to lack of virtual certainty.

4. The company operates in three business segments: Salon, Food & Beverages, and Retail Store.

Auditor's Review

The statutory auditors, S Kumar Mishra and Company, conducted a limited review and issued an unmodified report with emphasis on:

  • The prior period depreciation adjustment of ₹51.65 lakh
  • The reversal of deferred tax liability of ₹56.33 lakh

The figures for the corresponding half year ended 30th September, 2025 were subjected to limited review by the predecessor auditor, and the figures for the year ended 31st March, 2026 were audited by the predecessor auditor.