Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and half year ended September 30, 2026

Nature of Filing / Announcement: Unaudited Standalone Financial Results

Audit Opinion:

Clean Review Opinion - No material misstatements identified

Auditor’s Comment:

M S K C & Associates LLP issued an unqualified limited review report. Nothing came to their attention that causes them to believe the statement contains any material misstatement.

Key Financial Highlights [All amounts in ₹ Millions]:

Standalone Results:

Quarter ended September 30, 2026:

  • Revenue from Operations: ₹1,893.01 (Q2 FY25: ₹1,637.26 | Q1 FY26: ₹1,252.69)
  • Total Income: ₹1,916.37
  • Profit before tax: ₹365.80 (Q2 FY25: ₹252.63 | Q1 FY26: ₹31.43)
  • Net Profit: ₹272.47 (Q2 FY25: ₹188.72 | Q1 FY26: ₹22.85)
  • EPS (Basic): ₹4.17 (Diluted: ₹4.16)

Six months ended September 30, 2026:

  • Revenue from Operations: ₹3,145.70 (H1 FY25: ₹2,836.65)
  • Total Income: ₹3,190.01
  • Profit before tax: ₹397.23 (H1 FY25: ₹334.98)
  • Net Profit: ₹295.32 (H1 FY25: ₹251.75)
  • EPS (Basic): ₹4.52 (Diluted: ₹4.51)

Expense Breakdown (Quarter):

  • Cost of materials consumed: ₹23.99
  • Purchases of stock-in-trade: ₹768.22
  • Changes in inventories: (₹8.70)
  • Employee benefits expense: ₹96.55
  • Finance costs: ₹61.77
  • Depreciation and amortization: ₹190.40
  • Other expenses: ₹418.34

Tax Expense (Quarter):

  • Current tax: ₹148.47
  • Deferred tax credit: (₹55.14)
  • Total tax expense: ₹93.33

Other Equity: ₹4,422.72 (March 31, 2026: ₹4,255.26)

Cash and Cash Equivalents: ₹127.84 (March 31, 2026: ₹524.45)

Paid-up equity share capital: ₹130.79 million (Face value ₹2 per share)

Balance Sheet Position as at September 30, 2026:

Assets:

  • Total Assets: ₹8,177.91
  • Non-current Assets: ₹3,518.70
  • Property, plant and equipment: ₹679.01
  • Right of use assets: ₹1,924.23
  • Other intangible assets: ₹2.00
  • Deferred tax assets: ₹400.25
  • Current Assets: ₹4,659.21
  • Inventories: ₹1,306.83
  • Trade receivables: ₹2,851.82
  • Cash and cash equivalents: ₹127.84
  • Other bank balances: ₹51.63

Liabilities and Equity:

  • Total Equity: ₹4,553.51
  • Total Liabilities: ₹3,624.40
  • Non-current Liabilities: ₹2,152.19
  • Lease liabilities: ₹1,726.55
  • Other financial liabilities: ₹371.09
  • Current Liabilities: ₹1,472.21
  • Lease liabilities: ₹453.28
  • Trade payables: ₹262.17
  • Current tax liabilities: ₹76.96

Cash Flow Statement (Six months ended September 30, 2026):

  • Net cash generated from operating activities: ₹41.48
  • Net cash used in investing activities: ₹43.55
  • Net cash used in financing activities: (₹481.64)
  • Net decrease in cash and cash equivalents: (₹396.61)

Notes:

  • The company operates as a single business segment: retailing of men's casual wear
  • No subsidiaries, associates, or joint ventures during the period
  • During previous financial year, recognized past service cost of ₹13.97 million as 'Exceptional Item' due to implementation of New Labour Codes