• Type of Event: Q1 FY27 Earnings Conference Call, hosted by Emkay Global Financial Services Limited.
  • Date and Time: The call was held on August 06, 2026. A specific time was not mentioned in the transcript.
  • Stated Purpose: To discuss the company's performance for the quarter ended June 30, 2026 (Q1 FY27).
  • Management Participants: The following management representatives were present:
  • Mr. Rishabh Oswal, Executive Director
  • Mr. Sandeep Jain, Executive Director
  • Mr. R.K. Sharma, Chief Financial Officer
  • Mr. Ankur Gauba, Company Secretary & Compliance Officer
  • Financial Period Discussed: Q1 FY27 (Quarter ended June 30, 2026).
  • Key Financial & Operational Updates:
  • Revenue from Operations was INR 149 Crore, registering 8% year-on-year growth.
  • The quarter resulted in an EBITDA loss of INR 13 Crore and a net loss of INR 23 Crore.
  • The loss was primarily attributed to higher B2B product returns (~INR 50 Crore more than the previous year), which are expected to offset in subsequent quarters.
  • Volume Growth: Cotton volumes grew 23% YoY, Home Textiles grew 42% YoY, and Kids Wear grew 5% YoY.
  • Footwear sales increased 38% YoY.
  • Online sales grew 15% YoY, bolstered by partnerships with quick commerce platforms (Blinkit, Swiggy, Zepto).
  • The company is on track to open 40-45 new Exclusive Brand Outlets (EBOs) in FY27, with a focus on western and southern regions.
  • The company collaborated with Salesforce for digital transformation initiatives.
  • FY27 Guidance: Management expects low double-digit revenue growth for the full year and anticipates EBITDA margins could be ~100 basis points lower than FY26's ~18% due to input cost inflation.
  • Cash Position: The company has a strong cash balance of INR 305 Crores.
  • Solar Project: A 50 MW solar project with an investment of ~INR 150 Crores is in the land aggregation stage, with commissioning expected in 9-12 months.
  • Share Buyback: Management confirmed that a share buyback is "always under the Board's discussion" and will be communicated to stakeholders if planned.

Additional Notes Section

  • The document is the submitted transcript of the earnings conference call, filed as a regulatory disclosure.
  • The transcript includes a full question-and-answer session with analysts and investors.
  • Financial data for Q1 FY27 was disclosed in the management's opening remarks.