Q2 FY27 revenue falls 3%; price rises planned to restore margins
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Q2 FY27 revenue was Rs 218 crore, down 3%, as late festive sales shifted to Q3. Gross margin was 60.8% and profit after tax was Rs 9 crore after a Rs 3.4 crore store write-off. H1 revenue was Rs 440 crore, down 1.5%. Fabric inflation caused 2 percentage points of margin pressure. Management expects 1 to 2 more points in Q3 but plans price rises to restore margins. It had 737 stores and aims to nearly double retail space over five years.
Earnings face festive timing, fabric inflation and store write-off pressure, though pricing and a larger-store network may support margins.