Key Financial Figures (Consolidated, INR Mn)

Q1-FY27 Performance:

  • Operational Income: ₹1,095
  • Total Expenses: ₹958
  • EBITDA: ₹137
  • EBITDA Margins: 12.51%
  • Depreciation: ₹36
  • Finance Cost: ₹16
  • Other Income: ₹2
  • Profit Before Tax (PBT): ₹87
  • Tax: ₹21
  • Profit After Tax (PAT): ₹66
  • PAT Margins: 6.03%
  • Other Comprehensive Income: ₹21
  • Total Comprehensive Income: ₹87
  • Diluted EPS: ₹10.52

Year-over-Year Comparison (Q1-FY27 vs Q1-FY26):

  • Operational Income: ₹1,095 vs ₹1,224 (Down 10.5%)
  • EBITDA: ₹137 vs ₹176 (Down 22.2%)
  • PBT: ₹87 vs ₹134 (Down 35.1%)
  • PAT: ₹66 vs ₹99 (Down 33.3%)
  • Diluted EPS: ₹10.52 vs ₹15.79 (Down 33.4%)

Sequential Comparison (Q1-FY27 vs Q4-FY26):

  • Operational Income: ₹1,095 vs ₹1,467 (Down 25.4%)
  • EBITDA: ₹137 vs ₹137 (Flat)
  • PBT: ₹87 vs ₹83 (Up 4.8%)
  • PAT: ₹66 vs ₹63 (Up 4.8%)
  • Diluted EPS: ₹10.52 vs ₹10.10 (Up 4.2%)
  • EBITDA Margins: 12.51% vs 9.34% (Expansion of 317 basis points)
  • PAT Margins: 6.03% vs 4.29% (Expansion of 174 basis points)

Annual Financial Performance (INR Mn):

| Fiscal Year | Operational Income | EBITDA | EBITDA Margins | PAT | PAT Margins | Diluted EPS (INR) |

| FY24 | 4,207 | 577 | 13.72% | 363 | 8.63% | 58.20 |

| FY25 | 4,868 | 609 | 12.51% | 574 | 11.79% | 92.04 |

| FY26 | 5,396 | 605 | 11.21% | 300 | 5.56% | 48.15 |

| Q1-FY27 | 1,095 | 137 | 12.51% | 66 | 6.03% | 10.52 |

Consolidated Historical Balance Sheet (INR Mn)

| Particulars | FY24 | FY25 | FY26 |

| Non-Current Assets | 1,373 | 2,068 | 2,295 |

| - Property, Plant & Equipment | 1,235 | 1,285 | 2,243 |

| - Capital Work in Progress | 102 | 743 | - |

| - Non-Current Tax Assets (Net) | 23 | 25 | 36 |

| Current Assets | 2,504 | 2,860 | 2,830 |

| - Inventories | 1,068 | 1,432 | 1,384 |

| - Trade Receivable | 665 | 833 | 862 |

| - Cash and Cash Equivalents | 2 | 42 | 38 |

| - Other Bank Balances | 322 | 21 | 2 |

| Total Assets | 3,877 | 4,928 | 5,125 |

| Non-Current Liabilities | 118 | 50 | 107 |

| - Long Term Borrowings | 37 | 25 | 62 |

| - Deferred Tax Liabilities | 18 | 25 | 40 |

| Current Liabilities | 1,384 | 1,892 | 1,834 |

| - Short-Term Borrowings | 890 | 1,133 | 1,141 |

| - Trade Payables | 394 | 574 | 441 |

| Total Equity and Liabilities | 3,877 | 4,928 | 5,125 |

Operational Highlights

  • Profitability: Delivered significant sequential improvement in profitability, with EBITDA margins expanding from 9.31% in Q4-FY26 to 12.47% in Q1-FY27. This was driven by better price realizations and lower raw material costs, though improvement was limited by lower operating cost absorption on reduced turnover.
  • Domestic Revenue: Achieved the highest-ever Q1 domestic revenue despite a volatile pricing environment, reflecting strong market execution.
  • Operational Challenges: Seaport congestion led to delays in the procurement of critical raw materials and customer deliveries, impacting operational timelines.
  • Sanand Plant: Improvements in profitability from the previous quarter were partly due to the Sanand plant improving efficiency and passing on cost burden to customers.
  • Product Launches: Expanded the product portfolio with the launch of EN 812-certified bump caps and commenced manufacturing at the Sanand facility. Launched European and American certified flame-retardant workwear, expanding opportunities in developed markets.
  • Distribution: The 'SMILE' reseller programme received an overwhelming market response, expanding the distribution network to over 1,000 resellers across India.

Business Overview

Mallcom is a one-stop solution for all types of personal protective equipment (PPE), providing products for head-to-toe protection. The company manufactures a wide array of products including safety helmets, face masks, leather gloves, textile gloves, nitrile gloves, safety apparels, rainwear, safety shoes, eyewear, ear protection equipment, latex gloves, neoprene gloves, and harnesses.

Q1-FY27 Product Revenue Mix:

  • Safety Shoes: 56%
  • Garments: 12%
  • Gloves: 25%
  • Others: 8%

Annual Production Capacity:

  • Helmets: 1.2M
  • Apparel: 3.6M
  • Masks: 150M
  • NBR Gloves: 14M
  • Leather Gloves: 12M
  • PU Gloves: 2.5M
  • PVC Gumboot: 100K
  • Knitted Gloves: 2.8M
  • Shoes: 3M

The company is headquartered in Kolkata, India, and is an ISO certified and government registered trading house. It exports to 55+ countries across 6 continents and has 13 production facilities spread across India with captive test labs.

Capital Market Data (As on 30th June, 2026)

Share price data was referenced but specific figures were not provided in the disclosed text.

Disclaimer

The presentation includes standard disclaimers stating that it contains forward-looking statements based on management's current beliefs and assumptions, which are subject to risks and uncertainties. The company disclaims any obligation to update these statements.