Financial Performance Summary

Q2 FY27 Consolidated Results (YoY Comparison):

  • Total Income: Rs. 1,699 Crs (vs Rs. 1,082 Crs in Q2 FY26) - 57% growth
  • EBITDA: Rs. 259 Crs (vs Rs. 123 Crs in Q2 FY26) - 111% growth
  • EBITDA Margin: 15.3% (vs 11.4% in Q2 FY26) - +380 bps expansion
  • PBT: Rs. 176 Crs (vs Rs. 52 Crs in Q2 FY26) - 239% growth
  • PAT: Rs. 132 Crs (vs Rs. 39 Crs in Q2 FY26) - 238% growth
  • EPS: Rs. 6.66 (vs Rs. 1.97 in Q2 FY26)

Q2 FY27 Consolidated Results (QoQ Comparison):

  • Total Income: Rs. 1,699 Crs (vs Rs. 1,224 Crs in Q1 FY27) - 39% growth
  • EBITDA: Rs. 259 Crs (vs Rs. 160 Crs in Q1 FY27) - 62% growth
  • EBITDA Margin: 15.3% (vs 13.1% in Q1 FY27) - +200 bps expansion
  • PBT: Rs. 176 Crs (vs Rs. 84 Crs in Q1 FY27) - 111% growth
  • PAT: Rs. 132 Crs (vs Rs. 63 Crs in Q1 FY27) - 109% growth
  • EPS: Rs. 6.66 (vs Rs. 3.19 in Q1 FY27)

H1 FY27 Consolidated Results (YoY Comparison):

  • Total Income: Rs. 2,923 Crs (vs Rs. 2,049 Crs in H1 FY26) - 43% growth
  • EBITDA: Rs. 420 Crs (vs Rs. 243 Crs in H1 FY26) - 73% growth
  • EBITDA Margin: 14.4% (vs 11.8% in H1 FY26) - +250 bps expansion
  • PAT: Rs. 195 Crs (vs Rs. 78 Crs in H1 FY26) - 150% growth
  • EPS: Rs. 9.85 (vs Rs. 3.94 in H1 FY26)

Operational Metrics

  • Sales Volume for Q2 FY27: 28 Million Meters
  • Sales Volume for H1 FY27: 51 Million Meters
  • New businesses scaled to quarterly revenue of Rs. 500 Crs+, contributing 30% of total income

Balance Sheet and Return Ratios

  • Achieved lowest-ever net debt position of Rs. 518 Crs
  • Net debt-to-equity ratio at 0.2x
  • Annualized ROCE: 21%
  • Annualized ROE: 15%

Performance Drivers

QoQ Performance Drivers:

  • Revenue growth aided by market share gains and increased wallet share from customers
  • Improved product mix and accelerating traction in branded products
  • Better asset utilization (Domestic and International operations)
  • Strong operational execution and efficiencies

YoY Performance Drivers:

  • Revenue growth across all businesses driven by market share gains
  • Deeper customer relationships
  • Higher resource utilization and enhanced operational efficiencies

Strategic Developments

  • Expanded Wamsutta's brand presence beyond D2C into the broader US retail market
  • Company has state-of-the-art manufacturing facilities with total annual capacity of 153 million meters in Maharashtra and Gujarat
  • Acquired the legacy brand 'Wamsutta' (175+ years old US national heritage brand)
  • Added several licensed brands to strengthen value-added business positioning
  • Invested in manufacturing facilities in USA for utility bedding segment

Management Commentary

Mr. Anil Kumar Jain, Executive Chairman commented:

  • Company delivered highest-ever quarterly and half-yearly income
  • Growth driven by market share gains, increased wallet share, and growing contribution from branded portfolio
  • Both core and new businesses recorded robust growth despite inflationary market conditions
  • Focus on sweating existing assets, optimizing resource utilization and enhancing operational efficiencies translated into margin expansion
  • Achieved substantial portion of FY27 guidance across key performance parameters in H1 FY27
  • Strong business momentum continuing for second half of FY27, expecting to outperform guidance
  • Future focus on deepening customer partnerships, expanding branded portfolio, and strengthening geographical presence