Financial Results - Quarter Ended September 30, 2026
Income Statement:
- Revenue from operations (net): ₹422.72 crore (vs. ₹316.47 crore in Q2 FY25, +33.6% YoY)
- Other income: ₹2.48 crore (vs. ₹3.52 crore in Q2 FY25)
- Total Income: ₹425.21 crore
- Profit before exceptional items and tax: ₹54.23 crore (vs. ₹42.97 crore in Q2 FY25, +26.2% YoY)
- Exceptional items: NIL
- Tax expense: ₹12.74 crore (Current tax: ₹12.53 crore, Deferred tax: ₹0.21 crore)
- Net profit for the period after tax: ₹41.50 crore (vs. ₹31.95 crore in Q2 FY25, +29.9% YoY)
- Total comprehensive income for the period: ₹41.33 crore
- Earnings per share (basic and diluted): ₹78.48 (vs. ₹60.43 in Q2 FY25)
Key Expenses:
- Cost of materials consumed: ₹153.15 crore
- Purchases of stock-in-trade: ₹50.41 crore
- Changes in inventories: -₹16.82 crore
- Employee benefits expense: ₹38.83 crore
- Finance costs: ₹1.71 crore
- Depreciation and amortization: ₹3.82 crore
- Other expenses: ₹100.56 crore
Financial Results - Half Year Ended September 30, 2026
Income Statement:
- Revenue from operations (net): ₹740.85 crore (vs. ₹555.55 crore in H1 FY25, +33.3% YoY)
- Other income: ₹5.33 crore (vs. ₹7.09 crore in H1 FY25)
- Total Income: ₹746.18 crore
- Profit before exceptional items and tax: ₹95.11 crore (vs. ₹77.85 crore in H1 FY25, +22.2% YoY)
- Exceptional items: NIL
- Tax expense: ₹23.23 crore (Current tax: ₹22.81 crore, Deferred tax: ₹0.42 crore)
- Net profit for the period after tax: ₹71.88 crore (vs. ₹57.89 crore in H1 FY25, +24.2% YoY)
- Total comprehensive income for the period: ₹71.55 crore
- Earnings per share (basic and diluted): ₹135.94 (vs. ₹109.48 in H1 FY25)
Balance Sheet Position as at September 30, 2026
Assets:
- Total Assets: ₹731.55 crore (vs. ₹688.22 crore as at March 31, 2026)
- Non-Current Assets: ₹160.62 crore (Property, Plant and Equipment: ₹132.00 crore, Capital work-in-progress: ₹14.15 crore)
- Current Assets: ₹570.94 crore (Inventories: ₹266.19 crore, Trade receivables: ₹63.68 crore, Cash and cash equivalents: ₹5.08 crore)
Equity and Liabilities:
- Equity: ₹442.76 crore (Equity Share capital: ₹5.29 crore, Other Equity: ₹437.48 crore)
- Non-Current Liabilities: ₹31.81 crore (Borrowings: ₹21.46 crore)
- Current Liabilities: ₹256.98 crore (Borrowings: ₹23.68 crore, Trade payables: ₹120.07 crore)
Cash Flow Statement - Half Year Ended September 30, 2026
- Cash generated from operations: ₹18.52 crore
- Income taxes paid (net): -₹18.81 crore
- Net cash from operating activities: -₹0.29 crore
- Net cash from investing activities: ₹50.39 crore
- Net cash used in financing activities: -₹73.05 crore
- Net decrease in cash and cash equivalents: -₹22.95 crore
- Cash and cash equivalents at beginning: ₹15.69 crore
- Cash and cash equivalents at end: -₹7.26 crore
Management Changes
The Board of Directors, on recommendation of the Nomination and Remuneration Committee, approved the following management changes:
Appointment:
- Mrs. Neha Maheshwari appointed as Company Secretary effective January 1, 2027
- She is currently designated as Deputy Company Secretary
- Profile: Associate Member of Institute of Company Secretaries of India and Institute of Chartered Accountants of India with 12 years experience in the company's secretarial department
Cessation:
- Mr. Brahmananda Pani ceases as Company Secretary effective close of business hours on December 31, 2026
- Reason: Reorganisation of the company's management responsibilities
- Mr. Pani will continue as Compliance Officer of the company
Additional Information
- Company operates in a single segment: manufacture, trading and sale of Kitchenware
- Financial results prepared as per Regulation 33 of SEBI (LODR) Regulations, 2015
- Limited Review Report issued by statutory auditors Kalyaniwalla & Mistry LLP with unmodified conclusion
- Board meeting held on November 12, 2026 from 12:50 pm to 16:45 pm
- Paid-up equity share capital: ₹5.29 crore (Face value of ₹10 per share)
- Reserves: ₹439.96 crore (excluding revaluation reserves)