Financial Performance Highlights (All amounts in lakhs of ₹)

Income Statement:

  • Revenue from operations: ₹6,902.16 (H1 FY27) vs ₹7,671.46 (H1 FY26) vs ₹5,791.76 (H1 FY25)
  • Total income: ₹6,980.94 (H1 FY27) vs ₹7,723.82 (H1 FY26) vs ₹5,800.94 (H1 FY25)
  • Purchases of stock-in-trade: ₹6,128.52
  • Change in inventories: (₹2,229.95) [decrease]
  • Employee benefits expenses: ₹621.51
  • Finance costs: ₹481.85
  • Depreciation and amortization: ₹160.33
  • Other expenses: ₹1,667.30
  • Profit before tax: ₹151.38 (H1 FY27) vs ₹621.15 (H1 FY26) vs ₹888.52 (H1 FY25)
  • Tax expense: ₹38.83 (Current tax: ₹52.10, Deferred tax credit: ₹13.26)
  • Net profit: ₹112.55 (H1 FY27) vs ₹453.56 (H1 FY26) vs ₹663.78 (H1 FY25)
  • Basic and diluted EPS: ₹0.85 (H1 FY27) vs ₹3.30 (H1 FY26) vs ₹5.21 (H1 FY25)

Balance Sheet Position (as at September 30, 2026):

  • Total equity and liabilities: ₹29,733.90 lakhs
  • Share capital: ₹1,823.00 lakhs
  • Reserves and surplus: ₹9,195.97 lakhs
  • Long-term borrowings: ₹1,771.20 lakhs
  • Other long-term liabilities: ₹4,380.15 lakhs
  • Short-term borrowings: ₹7,925.02 lakhs
  • Trade payables: ₹3,477.21 lakhs (Micro/small enterprises: ₹976.99 lakhs, Others: ₹2,500.22 lakhs)
  • Inventories: ₹13,977.47 lakhs
  • Trade receivables: ₹4,700.75 lakhs
  • Cash and cash equivalents: ₹1,840.26 lakhs

Cash Flow Statement:

  • Net cash used in operating activities: ₹1,193.82 lakhs
  • Net cash used in investing activities: ₹744.62 lakhs
  • Net cash from financing activities: ₹767.39 lakhs
  • Net decrease in cash and cash equivalents: ₹1,171.06 lakhs
  • Cash and cash equivalents at beginning: ₹3,011.31 lakhs
  • Cash and cash equivalents at end: ₹1,840.25 lakhs

Key Corporate Developments

1. The company completed its Initial Public Offering (IPO) of 54,91,000 equity shares of ₹10 each at ₹127 per share, aggregating to ₹69.72 crores, with listing on BSE SME platform on March 2, 2026.

2. The company converted from private to public limited company and changed name from "Kiaasa Retail Private Limited" to "Kiaasa Retail Limited" effective April 18, 2024.

3. Authorized share capital increased from ₹20 crores (2 crore equity shares) to ₹35 crores (3.5 crore equity shares).

4. Borrowing limits increased from ₹100 crores to ₹250 crores under Section 180(1)(c) of Companies Act, 2013.

Business Context

The company is primarily engaged in ethnic wear retail business offering apparel, footwear, and accessories exclusively for women. This constitutes a single business segment, making segment reporting disclosures not applicable.

Auditor's Review

Dharam Taneja Associates, Chartered Accountants, issued a limited review report stating that nothing has come to their attention causing them to believe that the financial results contain any material misstatement or fail to disclose information required under Regulation 33 of SEBI (LODR) Regulations.