Bella Casa Fashion & Retail Limited submitted a press release pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, containing its unaudited financial results for the quarter and half year ended September 30, 2026.

Financial Highlights H1 FY27 (Half Year Ended September 30, 2026)

  • Revenue increased by 20% year-over-year to ₹259 crores
  • EBITDA stood at ₹14 crores
  • EBITDA margin was 5.4%
  • Profit After Tax (PAT) stood at ₹6.5 crores

Financial Highlights Q2 FY27 (Quarter Ended September 30, 2026)

  • Revenue registered 11% year-over-year growth to ₹139 crores
  • Revenue showed 16% quarter-over-quarter growth
  • EBITDA stood at ₹8.2 crores
  • EBITDA margin improved approximately 100 basis points quarter-over-quarter to 5.9%
  • Profit After Tax (PAT) stood at ₹4.0 crores

Key Business Highlights

Phasing due to Festival Calendar Shift:

  • Diwali fell approximately 3 weeks later this year compared to last year
  • Festive sales were split between Q2 FY27 and early Q3 FY27 (whereas last year they were Q2-led)
  • October off-take ahead of Diwali was described as strong

Customer Addition:

  • Commenced supply to a leading fast fashion retailer (UAE Headquartered Retailer)
  • Commenced supply to a leading home furnishing brand
  • The company expects these developments to contribute meaningfully to sales growth going forward

Profit Margin:

  • Operating margins recovered in Q2 FY27 from Q1 FY27 lows
  • Input costs are increasingly being passed on to customers progressively
  • Rising capacity utilization and in-house value-add processes are expected to drive profitability
  • The company expects margins to return to long-term business model levels

Working Capital Management:

  • Debtor days increased marginally due to back-ended sales with the start of festive season in the last part of the quarter
  • Healthy recoveries were seen in October, normalizing debtor levels
  • Inventory days remained consistent despite festive-season demand
  • The company attributes this to the effectiveness of its JIT (Just-in-Time) and Made-to-Order manufacturing model
  • Working capital discipline remains at the core of the company's business model

Capital Expenditure and Capacity Build Up

  • Capex during H1 FY27 stood at approximately ₹13 crores
  • Successfully completed debottlenecking and vertical integration initiatives
  • The company is coming out of its immediate capex cycle
  • Remains on track to ramp up business volumes to drive operating leverage

Outlook

  • India's fast-growing fast-fashion brands present a significant growth opportunity
  • Bella Casa's top three customers operate approximately 4,000+ outlets nationwide
  • As fashion retail moves towards monthly launch cycles, agility across design, planning and sourcing becomes critical for brand owners
  • This trend creates a clear moat for integrated manufacturing partners like Bella Casa
  • Enhanced capacity and in-house value-added processes position the Company to capitalize on strong demand momentum in India's fashion retail industry

Company Background

Bella Casa Fashion & Retail Ltd. is a fashion and lifestyle design and manufacturing company catering to India's leading brands. The Company operates 7 manufacturing facilities based in Sitapura, Jaipur. Bella Casa is publicly listed on both the Bombay Stock Exchange and National Stock Exchange of India.