Financial Performance Highlights (₹ in lakhs)

Quarter Ended September 30, 2026:

  • Revenue from operations: ₹19,170.18 (7.2% YoY growth from ₹17,597.78 in Q2 FY26)
  • Other income: ₹359.80
  • Total income: ₹19,529.98
  • Total expenses: ₹18,636.57
  • Profit before tax: ₹893.41 (4.8% YoY growth from ₹852.70 in Q2 FY26)
  • Total tax expense: ₹188.41
  • Net profit after tax: ₹705.00 (4.4% YoY growth from ₹675.46 in Q2 FY26)
  • Basic and diluted EPS: ₹0.84 (vs ₹0.81 in Q2 FY26)

Half Year Ended September 30, 2026:

  • Revenue from operations: ₹37,052.37 (10.7% YoY growth from ₹33,465.35 in H1 FY26)
  • Other income: ₹654.74
  • Total income: ₹37,707.11
  • Total expenses: ₹34,732.85
  • Profit before tax: ₹2,974.26 (7.7% YoY growth from ₹2,762.62 in H1 FY26)
  • Total tax expense: ₹636.52
  • Net profit after tax: ₹2,337.74 (9.1% YoY growth from ₹2,142.66 in H1 FY26)
  • Basic and diluted EPS: ₹2.79 (vs ₹2.56 in H1 FY26)

Comparative Performance (Quarterly):

  • Q2 FY26 Net Profit: ₹705.00 vs Q1 FY26: ₹1,632.74 (56.8% decline QoQ)
  • Q2 FY26 Revenue: ₹19,170.18 vs Q1 FY26: ₹17,882.19 (7.2% growth QoQ)

Balance Sheet Position as at September 30, 2026 (₹ in lakhs)

  • Total assets: ₹104,997.80 (vs ₹114,975.83 as at March 31, 2026)
  • Equity share capital: ₹1,672.76 (unchanged)
  • Other equity: ₹47,814.40 (vs ₹46,128.81 as at March 31, 2026)
  • Total equity: ₹49,487.16
  • Non-current liabilities: ₹31,451.50
  • Current liabilities: ₹24,059.14
  • Inventories: ₹34,662.00
  • Trade receivables: ₹1,915.85
  • Cash and cash equivalents: ₹327.78

Cash Flow Statement for H1 FY27 (₹ in lakhs)

  • Cash flow from operating activities: ₹4,443.68
  • Cash used in investing activities: ₹3,031.10
  • Cash used in financing activities: ₹3,592.09
  • Net decrease in cash and cash equivalents: ₹2,179.51

Significant Accounting Development

During the quarter, the Company reassessed its lease term estimates for store leases in accordance with Ind AS 116, reflecting the evolving nature of its store portfolio based on historical trends and future operating strategy. The change was accounted for prospectively from July 1, 2026, as a change in accounting estimate under Ind AS 8.

Impact of Lease Reassessment:

  • Lease liabilities decreased by: ₹2,336.13 lakhs
  • Right-of-use assets decreased by: ₹2,362.18 lakhs (including impact of security deposits ₹348.76 lakhs)
  • Profit after tax for Q2 and H1 FY27 increased by: ₹485.43 lakhs

Dividend Information

Final dividend of ₹0.75 per equity share (face value ₹2) for the year ended March 31, 2026, was approved by shareholders at the AGM held on September 8, 2026, and paid during the quarter.