Pursuant to the provisions of Regulation 30 (read with Part A of Schedule III) and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby ....
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Davin Sons Retail Limited's board, meeting on 30th May 2025, approved the audited standalone financial results for the half-year and full year ended 31st March 2025. Total revenue grew modestly to Rs. 1,359.12 lakhs from Rs. 1,339.16 lakhs, while net profit rose slightly to Rs. 166.26 lakhs from Rs. 164.05 lakhs. The company operates in two segments — FMCG (revenue declined to Rs. 610.77 lakhs from Rs. 725.84 lakhs) and Garments (revenue grew about 21% to Rs. 741.94 lakhs from Rs. 613.33 lakhs). Statutory auditor Sharma Sharma & Co. issued an unmodified (clean) opinion on the results. The company also confirmed no deviation or variation in the use of IPO proceeds (Rs. 877.8 lakhs raised in January 2025).
The financials show flat overall growth but a clear shift in the business mix, with Garments overtaking FMCG as the larger segment. Cash on hand jumped sharply (Rs. 744 lakhs vs Rs. 55 lakhs) thanks to fresh IPO money, though operating cash flow remains negative — something investors should watch.