Date: 21st July 2026

Financial Results (Consolidated)

P&L Summary (₹ Crore)

| Metric | Q1 FY27 | Q4 FY26 | QoQ % | Q1 FY26 | YoY % |

| Revenue from operations | 40.3 | 35.4 | 14% | 34.2 | 18% |

| Other Income | 1.8 | 1.0 | 80% | 2.6 | -31% |

| Total Revenue | 42.1 | 36.4 | 16% | 36.8 | 14% |

| Total Expenses | 36.9 | 41.1 | -10% | 34.8 | 6% |

| Operating Profits | 3.5 | 2.6 | 35% | -0.6 | 683% |

| EBITDA | 5.2 | -4.7 | 211% | 2.0 | 160% |

| Finance Cost | 0.2 | 0.3 | -33% | 0.2 | 0% |

| Depreciation | 0.6 | 0.4 | 50% | 0.5 | 20% |

| PBT | 4.4 | -5.4 | 181% | 1.3 | 238% |

| Current tax | 0.2 | 1.8 | -89% | 0.1 | 100% |

| Deferred tax | 1.1 | -1.2 | 192% | 0.3 | 267% |

| PAT | 3.1 | -6.0 | 152% | 0.9 | 244% |

| Total Comprehensive Income | 3.1 | -5.9 | 153% | 0.9 | 244% |

| EPS (in INR) | 3.2 | -6.45 | 150% | 0.8 | 300% |

Margin Performance

  • Gross Margin: 39% in Q1 FY27 vs 40% in Q4 FY26 (-1%) and 35% in Q1 FY26 (+4%)
  • Operating Margin: 8.7% in Q1 FY27 vs 7.3% in Q4 FY26 (+1.3%) and -1.8% in Q1 FY26 (+10.4%)
  • EBITDA Margin: 12% in Q1 FY27 vs -13% in Q4 FY26 (+25%) and 5% in Q1 FY26 (+7%)
  • PAT Margin: 7.4% in Q1 FY27 vs -16.5% in Q4 FY26 (+23.8%) and 2.4% in Q1 FY26 (+4.9%)

Additional Financial Metrics

  • GMV: ₹51.8 Cr (Q4 FY26: ₹49.7 Cr)
  • Net Cash & Investments: ₹110 Cr
  • Debt-free status maintained

Business Overview

Product Portfolio

Nureca operates as a branded consumer healthcare platform across multiple categories:

  • Dr Trust Fitness: Personal scales, body composition scales, smart scales, yoga and exercise accessories, fitness tracking products
  • Dr Physio: Massage guns, foot massagers, neck massagers, back massagers, handheld and portable massagers
  • Dr Trust Therapy & Recovery: Heating pads, hot water bags, TENS/EMS devices, rehab and mobility support devices
  • Dr Trust Orthotics: Lumbar supports, knee supports, posture correctors, coccyx cushions, cervical pillows, orthopedic cushions, memory foam pillows
  • Trumom Mother & Baby: Breast pumps, bottle sterilizers, baby thermometers, nasal aspirators, baby grooming kits, feeding and comfort products
  • Dr Trust Healthy Home: Air purifiers, humidifiers, steamers, kitchen scales, home wellness devices

Revenue by Channel Performance

  • Ecommerce: Online sales increased 16% YoY and 5% QoQ
  • Offline Retail Network: Revenue increased 57% YoY and 14% QoQ

Manufacturing Operations

  • Current manufacturing base: NTPL Mohali
  • Categories manufactured: BP monitors, nebulizers, thermometers, massagers, heating pads, orthopedic cushions and supports, breast pumps, vaporizers, stethoscopes, and soft orthopedic goods
  • Revenue from in-house manufacturing: 27% in Q1 FY27 (vs 26% in FY26)

Connected Health Ecosystem

  • Dr Trust 360 ecosystem includes smart body composition scales, blood pressure monitors, and kitchen scales with AI-powered health insights

Market Context

Home Healthcare Products Market - India & Neighboring Countries

  • Market size: ₹3,240 Cr (2025) → ₹5,203 Cr by 2030E (9.9% CAGR)
  • Fastest-growing categories: pulse oximeters (~15%), thermometers (~14%), massagers (~12%)
  • Nureca competes in all eight categories within this market

Management Commentary

From Saurabh Goyal, Chairman & Managing Director:

  • The operational turnaround delivered in FY26 has continued into the new financial year
  • Focus remains on profitable growth and disciplined cost management
  • Manufacturing will be central to long-term strategy
  • Expansion of capabilities in Punjab intended to deepen supply-chain control and import substitution
  • Opening new opportunities in medical devices, healthcare consumables, and hygiene products