• Type of Event: The document is a transcript of the Q4 and FY26 Earnings Conference Call, which was a post-results investor interaction.
  • Date and Time: The conference call was held on May 19, 2026, at 16:30 Hrs (IST).
  • Purpose: The stated purpose was to discuss the company's Q4 and FY26 financial results and provide a business update.
  • Earnings Announcement: The call was scheduled after the earnings announcement, as participants were expected to have reviewed the results.
  • Management Participants: The following management members participated:
  • Mr. Vijay Bansal – Chairman and Managing Director
  • Mr. Deepak Bansal – Whole-Time Director
  • Mr. Basant Goyal – Whole-Time Director
  • Mr. Shivendra Nigam – Chief Financial Officer
  • Ms. Poonam Chahal – Company Secretary
  • Availability of Materials: The earnings presentation and financial statements were available on the stock exchanges and the company's website. The audio recordings of the call were also uploaded to the company's website and would prevail in case of any discrepancy with the transcript.
  • UPSI Statement: The call began with a standard disclaimer that the discussion may contain forward-looking statements subject to risks and uncertainties. There was no explicit statement that no Unpublished Price Sensitive Information (UPSI) would be shared.

Financial and Operational Highlights Discussed

  • Financial Period Discussed: Q4 FY26 (Quarter ended March 2026) and Full Year FY26 (Year ended March 2026).
  • Q4 FY26 Financial Performance:
  • Revenue from Operations: INR 253.5 crores (up 15% YoY from INR 219.8 crores in Q4 FY25)
  • EBITDA: INR 78.1 crores (up 34% YoY from INR 58.4 crores)
  • EBITDA Margin: 30.8% (vs. 26.6% in Q4 FY25)
  • PAT: INR 29.2 crores (up 30% YoY from INR 22.5 crores)
  • PAT Margin: 11.5% (vs. 10.2% in Q4 FY25)
  • Operational Metrics:
  • Total Stores: 652 stores across the country.
  • Total Retail Area: 9.15 lakh square feet.
  • Same-Store Sales Growth (SSG): Approximately 5% in FY26 and maintained in April/May 2026.
  • FY27 Guidance and Forward-Looking Statements:
  • Revenue Target: INR 1,000 crores.
  • Store Target: 725 stores (a net addition of ~75 stores).
  • Gross Margin Guidance: Target to maintain approximately 60%.
  • EBITDA Margin: Target to maintain around 30%.
  • SSG Guidance: Target to maintain 5-6% and potentially increase to 7-8%.
  • Footwear Sales: FY26 sales were INR 14 crores (40% growth). Target to increase contribution to 3-4% of total sales.
  • Kids Wear Sales: Target to increase contribution to ~4-4.5% of total sales.
  • Lease Rent: Estimated at INR 108-110 crores for FY27 (vs. ~INR 100 crores in FY26).
  • Rent per sq. ft.: INR 115 for FY26 (down from INR 120 in FY25).
  • Strategic Themes: Discussion included expansion plans (100 gross new stores), focus on larger 'family stores', maintaining cost efficiency, and navigating inflationary pressures and global uncertainties.

Additional Notes Section

  • Attachment: The document is the complete transcript of the investor conference call.
  • Financial Data: Extensive financial data and operational metrics were disclosed and discussed during the call, as detailed in the summary above.
  • Logistics: Dial-in numbers and access codes were not included in the transcript.