Company Disclosure

Financial Performance Highlights (₹ Crore)

H1-FY27 Performance (Half Year Ended September 30, 2026)

  • Total Revenue: ₹1,614.90 crore (7% growth vs. H1-FY26: ₹1,509.06 crore)
  • EBITDA: ₹155.14 crore (18% growth vs. H1-FY26: ₹131.05 crore)
  • EBITDA Margin: 9.6% (93 basis points improvement vs. H1-FY26: 8.7%)
  • Profit After Tax (PAT): ₹104.19 crore (19% growth vs. H1-FY26: ₹87.88 crore)
  • PAT Margin: 6.45% (63 basis points improvement vs. H1-FY26: 5.8%)

Q2-FY27 Performance (Quarter Ended September 30, 2026)

  • Total Revenue: ₹761.27 crore (vs. Q2-FY26: ₹967.74 crore)
  • EBITDA: ₹61.14 crore (vs. Q2-FY26: ₹75.80 crore)
  • EBITDA Margin: 8.0% (vs. Q2-FY26: 7.8%)
  • PAT: ₹39.74 crore (vs. Q2-FY26: ₹51.46 crore)
  • PAT Margin: 5.2% (vs. Q2-FY26: 5.3%)

Full Year FY2025-26 Reference

  • Total Revenue: ₹4,070.33 crore
  • EBITDA: ₹309.67 crore
  • EBITDA Margin: 7.6%
  • PAT: ₹211.84 crore
  • PAT Margin: 5.2%

Business Performance Context

The company noted that its business is influenced by the timing of festive occasions and wedding-related purchases. During the current year, the timing of the festive calendar differed from the previous year, with Navratri commencing on September 22 in 2025 but falling in October in 2026. This shift has moved festive and wedding-related purchases toward the subsequent quarter (Q3-FY27).

Operational Updates - Retail Expansion

The company has expanded its retail footprint with three new showrooms opened during FY27:

1. Dhar, Madhya Pradesh

  • Opening Date: March 29, 2026
  • Retail Area: 3,000 sq. ft.
  • Purpose: Strengthening presence in Madhya Pradesh

2. Dahod, Gujarat

  • Opening Date: September 24, 2026
  • Retail Area: 3,250 sq. ft.
  • Purpose: Strategic entry into Gujarat

3. Jabalpur, Madhya Pradesh

  • Opening Date: October 30, 2026
  • Retail Area: 3,750 sq. ft.
  • Expansion Model: FOCO (Franchise Owned Company Operated)

Current Retail Network

After this expansion, the total showroom count stands at 14, with 13 situated across Central India and 1 in Western India.

Future Expansion Plans

The company plans to open approximately 3-4 additional showrooms by the end of March 2027, subject to business considerations and execution of expansion plans.

Growth Outlook and Focus Areas

Management highlighted key focus areas for future growth:

  • Retail network expansion through planned showroom additions
  • Maturing store portfolio to improve contribution from recently opened showrooms
  • Leveraging upcoming festive and wedding season demand
  • Continuing to build on customer relationships and brand trust
  • Maintaining focus on operational efficiency and disciplined expansion
  • Digital platform expansion with e-commerce channel and mobile application launch

Management Commentary and Guidance

Management expects Q3-FY27 to record the highest-ever quarterly turnover in the company's history to date, supported by:

  • Expected seasonal demand
  • Wedding-related purchases
  • Contribution from expanded retail network

Disclaimer

The press release contains forward-looking statements subject to risks and uncertainties. The company undertakes no obligation to update such statements except as required under applicable laws.

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