Date: 30th May, 2026

Financial Performance Overview

FY26 Consolidated Results:

  • Reported stable revenue for FY26 compared to FY25 amid reciprocal U.S. tariffs and geopolitical uncertainties
  • H2 FY26 total income grew 6% over H1 FY26, reflecting improving momentum
  • Revenue from New businesses scaled from USD 33 million in FY25 to USD 90 million in FY26
  • Majority of growth investments completed, creating significant operating leverage potential

Q4 FY26 Financial Performance (Rs. Crores):

| Metric | Q4 FY26 | Q4 FY25 | YoY Change | Q3 FY26 | QoQ Change |

| Total Income | 1,088 | 1,029 | 5.8% | 1,074 | 13.6% |

| EBITDA | 116 | 96 | 21.5% | 102 | - |

| EBITDA Margin (%) | 10.7% | 9.3% | - | 9.5% | - |

| Depreciation | 43 | 34 | - | 39 | - |

| Finance Cost | 44 | 36 | - | 30 | - |

| PBT | 30 | 26 | 18.1% | 33 | - |

| Tax | 6 | 4 | - | 9 | - |

| PAT | 24 | 21 | 15.0% | 24 | - |

| EPS (Rs.) | 1.22 | 1.06 | - | 1.23 | - |

Volume Metrics

  • Q4 FY26 Sales Volume: 20.5 million meters
  • Volumes impacted during quarter due to elevated US tariffs
  • Realizations increased due to better product mix and favorable exchange rate

Operational Highlights

Strategic Initiatives:

  • Commenced greenfield manufacturing facility in United States, enhancing customer proximity and supply chain responsiveness
  • Relaunched Wamsutta brand and expanded portfolio through signing Tommy Hilfiger for Utility Bedding
  • Strengthened positioning in premium home textile segment

ESG Performance:

  • Achieved S&P Global ESG Score of 78 out of 100
  • Ranks in top 3 percentile globally within Textile, Apparel & Luxury Goods industry in ESG performance

Awards & Recognition:

  • Awarded Gold Trophy by Finance Minister Nirmala Sitharaman at TEXPROCIL Export Awards
  • Won Gold Trophy for Highest Exports of Bed Sheets/Bed Linen in Cotton Made-ups category for 2023-2024
  • Sixth consecutive year winning gold standard for export performance

Management Commentary

Executive Chairman Anil Kumar Jain stated:

  • India consolidating position in global textile market despite tariff uncompetitiveness in some geographies
  • Free trade agreements with Australia, New Zealand, Japan, EU and UK expected to create favorable long-term environment
  • Ongoing negotiation with USA could benefit Indian textile exporters
  • West Asia conflict impacting global economy, requiring close monitoring of potential impact

Capital Allocation

  • Final Dividend: ₹1.5 per equity share for face value ₹2 each (75%), subject to shareholder approval

Credit Ratings

  • ICRA: ICRA AA- (Double A minus; Outlook Stable) for Long Term Bank Facilities, ICRA A1+ (A one plus) for Short Term Bank facilities
  • CARE Ratings: CARE AA- (Double A minus; Outlook: Stable) for Long-Term Bank Facilities, CARE A1+ (A One plus) for Short Term Bank Facilities

Forward Outlook

  • On track to double revenue by 2028 over FY25 base
  • Targeting record business in FY27
  • New businesses showing strong momentum with USD 90 million revenue in FY26
  • Operating leverage potential from completed growth investments

Company Background

  • Established in 1988, among top three global manufacturers of bed linen in US
  • Total annual capacity of 153 million meters across Maharashtra and Gujarat facilities
  • Acquired legacy brand 'Wamsutta' (175+ years old US heritage brand)
  • Product range includes bed sheets, bed linen, utility bedding, pillowcases, fashion and institutional bedding, comforters, quilts, and decorative pillows