Financial Performance Highlights

  • Revenue from Operations: ₹1,774.12 crore (11.4% YoY growth)
  • EBITDA: ₹314.73 crore (21.9% YoY growth) with margin expansion to 17.5%
  • PAT: ₹150.09 crore (23.8% YoY growth) with PAT margin of 8.4%
  • Profit before tax: ₹202.17 crore (23.3% YoY increase)
  • Earnings per share: ₹4.91 (basic & diluted)
  • Volume Sold: 26 million pairs (4.2% YoY growth)
  • Average Selling Price: ₹683 per pair (6.9% YoY increase)
  • Return on Capital Employed: 22.4%

Balance Sheet Summary (as at 31 March 2026)

  • Total assets: ₹1,467.19 crore
  • Total equity: ₹906.25 crore
  • Current ratio: 2.37
  • Debt equity ratio: 0.04
  • Inventory turnover ratio: 4.24

Operational Metrics & Strategic Initiatives

  • Market Share: ~17% in Branded Sports & Athleisure segment
  • Retail Touchpoints: 29,000+ across 800 districts with 260+ distributors
  • Manufacturing Capacity: 30.7 million pairs annually with new facilities operational at Paonta Sahib and Pantnagar
  • D2C Contribution: 48% of revenue
  • Expanded into athleisure apparel category and launched ÉLAN sub-brand
  • Sneaker portfolio doubled in volume; women's category grew close to 30% YoY
  • Women and kids categories combined share: 21.4% of revenue

Dividend Declaration

The Board recommended a final dividend of 30% (₹1.50 per equity share of face value ₹5) for FY 2025-26, subject to shareholder approval at the AGM. Record date is 31st July 2026.

AGM & Corporate Governance Details

The 18th AGM will be held on 20th August 2026 with book closure from 13th-20th August. Remote e-voting available from 17th-19th August. Board consists of 6 members (2 Executive, 4 Non-Executive Independent Directors). Mr. Nikhil Aggarwal (Whole Time Director and CEO) retires by rotation and is eligible for re-appointment.

Legal, Regulatory & Compliance Matters

  • GST disputes: ₹3.14 crore pending with various authorities
  • MSME Dues: ₹45.67 crore principal amount unpaid with ₹1.29 crore interest due
  • CSR expenditure: ₹2.94 crore on healthcare, education, women empowerment, and sports initiatives
  • Credit Rating: CRISIL revised outlook to 'Positive' while reaffirming 'CRISIL A+' rating

Subsequent Events & Corporate Actions

  • Mr. Sanjay Chhabra resigned as Chief Financial Officer effective 7th July 2026
  • ESOP modification proposed: Increase pool size from 1.8 million to 3.3 million options
  • Promoter holding: 67.88% (Hari Krishan Agarwal: 55.85%, Nikhil Aggarwal: 12.03%)

Risk Factors

Exposure to currency risk (USD/CNY), commodity price volatility, interest rate risk on ₹21.50 crore borrowings, and credit risk on trade receivables of ₹160.85 crore.

The report contains forward-looking statements subject to risks and uncertainties that could cause actual outcomes to differ materially.