Key Financial Figures
Profitability Metrics:
- Net Profit: ₹7.13 crore in Q1 FY27 vs ₹2.82 crore in Q1 FY26 (152.84% growth)
- EPS: ₹6.34 in Q1 FY27 vs ₹2.51 in Q1 FY26 (152.59% growth)
Operational Metrics:
- Operating Income: ₹32.25 crore in Q1 FY27 vs ₹33.40 crore in Q1 FY26 (3.14% decline)
- Operating EBITDA: ₹1.10 crore in Q1 FY27 vs negative ₹0.16 crore in Q1 FY26 (turned positive)
Management Commentary
Mr. Ashutosh Goenka, Chairman & Managing Director, stated that while revenues remained broadly stable, reported profitability improved significantly primarily supported by other income during the quarter. He noted that core garment business returned to positive operating performance after reporting an operating loss in the corresponding quarter of the previous year, viewing this as an important milestone indicating corrective measures are yielding results.
Market Developments
The company recently got listed on the BSE Main Board (previously listed only on Calcutta Stock Exchange). Management stated this listing marks an important milestone that will strengthen visibility, accessibility, and engagement with the wider investor community, providing a broader market ecosystem with enhanced transparency and liquidity.
Business Context
Meenakshi India Limited is an apparel manufacturing company established in 1982, based in Tamil Nadu, specializing in premium bottom wear and outerwear for international brands with over four decades of industry experience.
Outlook Commentary
Management indicated that tariff-related uncertainty in US and slower demand in Europe is expected to strengthen once tariff disadvantages vis-à-vis countries such as Bangladesh and Vietnam are addressed through trade agreements.