Financial Performance Summary (H1 FY27 vs. H2 FY26)

The company reported unaudited financial results for H1 FY27, showing significant growth compared to the previous half year (H2 FY26, ended March 31, 2026).

  • Revenue from operations: ₹15.15 crore, an increase of 20.7% from ₹12.56 crore in H2 FY26.
  • Profit after tax (PAT): ₹3.84 crore, nearly doubling (increase of 96.6%) from ₹1.95 crore in H2 FY26.
  • Profit before tax (PBT): ₹5.17 crore, up 89.4% from ₹2.73 crore.
  • EBITDA: ₹4.48 crore, up 64.3% from ₹2.73 crore.
  • EBITDA margin: 29.6%, an improvement of 780 basis points from 21.7%.
  • Gross margin: 79.9%, an improvement of 190 basis points from 78.0%.
  • Other income: ₹72.2 lakh, a significant increase from ₹3.7 lakh in H2 FY26.
  • Earnings per share (EPS): ₹5.59, calculated on 68.59 lakh shares outstanding, compared to ₹3.48 in H2 FY26.

Financial Performance Summary (H1 FY27 vs. H1 FY26)

Comparison with the same period last year (H1 FY26, ended September 30, 2025) also showed growth.

  • Revenue from operations: ₹15.15 crore, an increase of 5.2% from ₹14.40 crore.
  • Profit after tax (PAT): ₹3.84 crore, an increase of 19.8% from ₹3.20 crore.
  • Profit before tax (PBT): ₹5.17 crore, up 19.2% from ₹4.34 crore.
  • EBITDA: ₹4.48 crore, a slight increase of 3.4% from ₹4.33 crore.
  • EBITDA margin: 29.6%, a decrease of 50 basis points from 30.1%.
  • Gross margin: 79.9%, an improvement of 350 basis points from 76.4%.
  • Other income: ₹72.2 lakh, a significant increase from ₹4.6 lakh.
  • Earnings per share (EPS): ₹5.59, compared to ₹6.40 in H1 FY26, which was calculated on a pre-IPO share capital of 50.05 lakh shares.

Balance Sheet Position (as of September 30, 2026)

The unaudited balance sheet highlights as of September 30, 2026, compared to the audited position as of March 31, 2026.

  • Cash, deposits, and investments: ₹26.60 crore (₹2,659.8 lakh), up from ₹26.07 crore (₹2,606.9 lakh).
  • Debt: Nil, unchanged.
  • Net worth: ₹41.25 crore (₹4,124.5 lakh), up from ₹37.41 crore (₹3,740.8 lakh).
  • Trade receivables: ₹8.65 crore (₹865.3 lakh), up from ₹7.11 crore (₹710.6 lakh).
  • Inventories: ₹1.38 crore (₹138.3 lakh), down from ₹1.52 crore (₹151.6 lakh).
  • Capital work-in-progress: ₹2.48 crore (₹247.6 lakh), unchanged.

Operational and Strategic Highlights for H1 FY27

  • PRO Range Launch: A new PRO product category was launched specifically for marketplaces, quick commerce, and future distribution channels.
  • Marketplace Expansion: The PRO range was made available on Amazon, Flipkart, Nykaa, Blinkit, Myntra, and others, utilizing multiple warehouses.
  • Website Revamp: The company's website and consultation module were overhauled, leading to an improved conversion rate and a 9% increase in average order value.
  • Operational Efficiency: Product returns decreased by approximately 60% compared to H2 FY26. The customer repeat rate on the company's platform was maintained at around 35%.
  • Business Model: Over 90% of business continues to originate from the company's own website, with the remainder from marketplaces and quick commerce.

Forward-Looking Strategy and Commentary

  • Skincare Launch: A new personalized skincare product range is scheduled for launch by December 2026. It will be available on all marketplaces and e-commerce channels and is expected to significantly increase scale.
  • Distribution Growth: The PRO range is intended to help unlock broader distribution channels, including a potential future path to offline retail.
  • International Expansion: The company plans to launch in international markets soon.
  • Brand Building: Investments are being made in branding to reach new audiences through new channels and influencer activations.

Shareholding Pattern (as of September 30, 2026)

  • Promoters and promoter group: 72.94% (No shares pledged).
  • Institutions: 5.80%, comprising Alternate Investment Funds (3.98%) and Foreign Portfolio Investors (1.82%).
  • Public and others: 21.26%, held by individuals, bodies corporate, NRIs, and HUFs.
  • Total capital: 68.59 lakh equity shares of ₹10 each, held by 385 shareholders. This data is sourced from the shareholding pattern filed with BSE.

Investor Contact and Company Information

  • Investor Contact: Alpesh Bhatt, Company Secretary.