Summary of Key Information:
Reporting Period: Q1 FY 2026-27 (Quarter ended June 30, 2026)
Nature of Filing / Announcement: Outcome of Board Meeting and Unaudited Financial Results
Audit Opinion:
Unmodified review report from Deloitte Haskins & Sells LLP for both standalone and consolidated financial results
Key Financial Highlights [Rs. in million]:
Consolidated Results:
Revenue from Operations: ₹1,263.27 (Q1 FY27) vs ₹835.98 (Q1 FY26) - +51.1% YoY growth
Total Income: ₹1,270.99 (Q1 FY27) vs ₹848.60 (Q1 FY26) - +49.8% YoY growth
EBITDA: Not explicitly stated but calculated as PAT plus tax expense, finance costs, and depreciation
Net Profit: ₹78.35 (Q1 FY27) vs ₹127.67 (Q1 FY26) - -38.6% YoY, impacted by exceptional items
EPS (Basic): ₹0.78 (Q1 FY27) vs ₹1.28 (Q1 FY26)
Reserves (Other Equity): ₹2,917.10 (as of March 31, 2026)
Standalone Results:
Revenue from Operations: ₹1,263.27 (Q1 FY27) vs ₹835.98 (Q1 FY26) - +51.1% YoY growth
Total Income: ₹1,270.99 (Q1 FY27) vs ₹848.60 (Q1 FY26) - +49.8% YoY growth
Net Profit: ₹78.36 (Q1 FY27) vs ₹127.74 (Q1 FY26) - -38.6% YoY, impacted by exceptional items
EPS (Basic): ₹0.78 (Q1 FY27) vs ₹1.28 (Q1 FY26)
Reserves (Other Equity): ₹2,917.42 (as of March 31, 2026)
Exceptional Items:
A fire incident on June 10, 2026 at the company's sub-leased warehouse in Noida, Uttar Pradesh resulted in a financial impact of ₹113.66 million, recognized as an exceptional item in Q1 FY27. The company has filed an insurance claim for the loss of property, plant and equipment.
Corporate Actions:
- Approved the appointment of Ms. Deepika N. Bhandiwad, Company Secretary and Compliance Officer, and Mr. Hakim F. Ujjainwala, Chief Financial Officer to determine materiality of events
- Appointed Ms. Deepika N. Bhandiwad as Compliance Officer under SEBI (Prohibition of Insider Trading) Regulations, 2015
- Recommended appointment of M/s. Price Waterhouse Chartered Accountants LLP as Statutory Auditors for five consecutive years, subject to shareholder approval
- Completed IPO on September 17, 2026: 31,080,011 equity shares at ₹404 per share (₹1,500 million fresh issue + ₹11,055.67 million offer for sale)
- Converted 65,013 Compulsorily Convertible Preference Shares into 65,883,702 equity shares on July 20, 2026
- Sub-divided equity shares from ₹10 to ₹1 face value and issued bonus shares in 1:123 ratio during FY26
Other Significant Information:
- Normalized EBITDA margin approximately 41% excluding one-time impacts
- Items ordered by subscribers grew 45.8% year-on-year
- EBITDA-to-CFO conversion of 1.05x in FY26
- Generated ₹1,729 million cash flow from operations in FY26
- Average tenancy period: 1.6 years
- Company operates 17 experience stores across India