Date: August 21, 2026

Financial Results (Standalone & Consolidated)

Quarter ended 30 June 2026 (Unaudited, Approved 14 August 2026)

Headline Results:

  • Revenue from Operations: ₹59.63 Cr, +19.7% vs ₹49.80 Cr in Q1 FY26
  • Profit before Tax: ₹9.28 Cr, +131.7% vs ₹4.01 Cr in Q1 FY26
  • Profit after Tax: ₹6.99 Cr, +138.2% vs ₹2.93 Cr in Q1 FY26
  • Earnings per Share: ₹3.02, +138.2% vs ₹1.27 in Q1 FY26

Detailed Financial Summary (₹ crore):

  • Total Income: ₹60.43 vs ₹50.25 in Q1 FY26 (+20.3%)
  • Gross Profit: ₹15.21 vs ₹8.86 in Q1 FY26 (+71.7%)
  • Gross Margin: 25.5% vs 17.8% in Q1 FY26 (+773 bps)
  • Operating EBITDA: ₹8.90 vs ₹3.97 in Q1 FY26 (+124.3%)
  • PAT Margin: 11.7% vs 5.9% in Q1 FY26 (+583 bps)
  • Total Comprehensive Income: ₹17.12 vs ₹9.82 in Q1 FY26 (+74.4%)

Trailing Twelve Months to 30 June 2026:

  • Revenue: ₹257.93 Cr
  • Profit after tax: ₹32.80 Cr
  • EPS: ₹14.17

Four-Year Performance (TTM to June 2026 vs TTM to June 2022):

  • Revenue: +67.1% (₹257.93 Cr vs ₹154.33 Cr), 13.7% CAGR
  • Profit after tax: +56.0% (₹32.80 Cr vs ₹21.02 Cr), 11.8% CAGR
  • Earnings per share: +56.0% (₹14.17 vs ₹9.08), 11.8% CAGR

Operational Overview

Balance Sheet & Costs:

  • The balance sheet remains effectively debt free
  • Finance costs: 0.16% of revenue in the quarter

Dividend History:

  • For FY 2025-26, the Board declared the Company's first ever dividend of ₹2 per share
  • Comprising ₹1 interim dividend and ₹1 final dividend

Technology Implementation:

  • Fully integrated Microsoft ERP platform
  • Provides granular view of cost structure
  • Supports cost optimization at purchase and promotional levels

Category and Channel Performance

Product Mix (Q1 FY 2026-27):

  • Accessories: 33.8% of sales (highest share yet)
  • Footwear: 66.2% of sales

Historical Trend:

  • Accessories moved from 29.5% of sales in FY 2021-22 to 32.9% in FY 2025-26

Online Channel Performance (4-year CAGR, FY 2021-22 to FY 2025-26):

  • Online revenue: +19.4% CAGR
  • Online units: +15.3% CAGR
  • Cumulative online revenue growth: +103.3%
  • Cumulative online units growth: +76.7%

Online Category Growth (Cumulative growth in units sold online, FY 2021-22 to FY 2025-26):

  • Trolleys: Significant growth (specific percentages not quantified)
  • Briefcases and portfolio bags: +135% cumulative, 23.8% 4-year CAGR

Franchise Growth

Store Performance:

  • Sales at stores trading in both years held steady
  • Established base remains stable platform carrying its own footfall

Network Expansion:

  • Active stores: +36.0% growth from April 2024 to August 2026
  • Network grew 18.5% year-on-year to close of June quarter

Recent Openings (Twelve months to June 2026):

  • West Bengal: Ranaghat, Raghunathganj, Rampurhat, Bagnan
  • Odisha: Balasore
  • July 2026: Raipur (first store in Chhattisgarh)
  • August 2026: Kandi

Store Types:

  • Company-owned stores continue to operate in Kolkata and Jaipur alongside franchised network

Outlook

Footfall Trends (COCO stores, 45-day period following June quarter):

  • +17.4% vs preceding 45-day period
  • +9.4% vs same period a year earlier

Q2 FY27 Outlook:

  • Management estimates September quarter will run approximately 45% ahead of June quarter
  • Two festive-season weekends fall in Q3 this year
  • Franchised store sales occur roughly 10 days in advance, muting effect on Q2 results
  • COCO stores tracking ahead of last year, strengthening Q3 results

KMP / Board Changes

Mr. Soham Dey - Whole-time Director:

  • MBA in finance and operations from Kellogg School of Management, Northwestern University
  • Bachelor's in mechanical engineering from Boston University
  • Worked in design and manufacturing with founder experience in the United States
  • Formally inducted into the business, involved with Company for virtually all his life

Mr. Bhaskar Chatterjee - Independent Director:

  • Retail professional with over three decades as profit centre head across FMCG and retail
  • Senior retail roles at Hindustan Unilever, Bata India, Raymond, Reliance Communications and S. Kumars
  • Taught retail management at NSHM and Times Business School
  • B.Com, MBA with executive training in Toronto, Singapore and Dubai

Basis of Preparation

  • Multi-year rates are 4-year CAGRs measured from FY 2021-22 to FY 2025-26
  • Single-year comparisons labelled by financial year
  • Cumulative figures are total change across four-year span, not annualized
  • Top-quartile composition measured on categories ranked within top quartile on units sold and revenue
  • Franchise same-store figures cover stores trading in both FY 2024-25 and FY 2025-26
  • Network shares are percent of active franchised network at August 2026
  • Q1 FY 2026-27 results are unaudited
  • Category, channel and footfall analysis is management analysis