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)