Ravelcare Limited announced its unaudited financial results for the half year ended September 30, 2026 (H1 FY27) through a press release submitted to BSE Limited.

Financial Performance Comparison

Compared with H2 FY26 (last results):

  • Revenue from operations: ₹15.15 crore, up 20.7% from ₹12.56 crore
  • Profit after tax: ₹3.84 crore, up 96.6% from ₹1.95 crore
  • Profit before tax: ₹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%, compared to 21.7%
  • Gross margin: 79.9%, improved by 190 basis points from 78.0%

Compared with H1 FY26:

  • Revenue from operations: ₹15.15 crore, up 5.2% from ₹14.40 crore
  • Profit after tax: ₹3.84 crore, up 19.8% from ₹3.20 crore
  • Profit before tax: ₹5.17 crore, up 19.2% from ₹4.34 crore
  • EBITDA: ₹4.48 crore, up 3.4% from ₹4.33 crore
  • Gross margin: 79.9%, improved by 350 basis points from 76.4%

Balance Sheet Position (as of September 30, 2026)

  • Cash, deposits and investments: ₹26.6 crore
  • Debt: None
  • Net worth: ₹41.2 crore

Operational Progress in H1 FY27

  • Launched new PRO category specifically for marketplaces, quick commerce and distribution channels
  • PRO range went live on Amazon, Flipkart, Nykaa, Blinkit, Myntra and other platforms
  • Products being sold through multiple warehouses on these platforms
  • Entire website and consultation module were revamped
  • Conversion rate improved and average order value increased by 9%
  • Returns dropped by approximately 60% compared with H2 FY26
  • Maintained repeat customer rate of around 35% on the Company's platform

Outlook and Future Plans

  • Plans to launch personalized skincare range by December 2026
  • The range will consist of targeted, personalized treatments
  • Will be available on all marketplaces and e-commerce channels
  • More than 90% of the Company's business currently comes from its own website
  • Plans to launch in international markets soon
  • Focus on lowering operating costs, shortening delivery timelines and reducing returns further
  • PRO range built to cater to distribution channels and will be scaled
  • Expects personalized skincare to add significant scale, improve repeat rates, and open path to offline retail

Management Commentary

Managing Director Ayush Mahesh Varma stated that this was a strong half for Ravelcare with profit after tax nearly doubling. He highlighted that gross margin improved to 79.9% despite ongoing war conditions. He emphasized the progress made with the PRO range launch on major platforms, website improvements, reduced returns, and strong repeat customer rate. Varma believes the larger opportunity lies ahead as the company expands beyond its website-dominant model into marketplaces, quick commerce, and international markets.

Business Overview

Ravelcare Limited sells personal care products including haircare and skincare under the Ravel brand through its own website, e-commerce marketplaces and quick commerce platforms. The PRO range is specifically built for marketplaces, quick commerce and distribution channels. Products are made by third-party manufacturers.

Regulatory Disclosure

This disclosure is made with reference to the company's regulatory filing requirements. Figures for the half year ended September 30, 2026 are unaudited and should be read with the financial results filed with the stock exchange. Operating metrics are management estimates. Forward-looking statements involve risks and uncertainties, and actual outcomes may differ materially.