Outcome of the Board Meeting held on May 29, 2026 - Audited Financial Results for the 4th Quarter and Financial Year ended March 31, 2026 and Declaration of Final Dividend
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Spice Islands Industries Limited reported audited financial results for Q4 and FY ended March 31, 2026. Revenue from operations surged to Rs. 1,789.10 lakhs from just Rs. 77.87 lakhs in the prior year, reflecting a dramatic increase driven by the company's pivot from apparel into three segments: EV renting/hire, food & beverages, and hospitality. Profit after tax rose to Rs. 566.24 lakhs from Rs. 47.73 lakhs year-on-year. The Board recommended a final dividend of Rs. 0.60 per share (following two interim dividends of Rs. 0.50 each already paid), subject to shareholder approval at the AGM. Statutory auditors Giriraj Bang & Co. issued an unmodified opinion. The company also reappointed P. D. Chopda & Co. as internal auditors for FY 2026-27.
The company has delivered exceptional revenue and profit growth, likely reflecting a major business transformation from its former apparel identity. The unmodified audit opinion and dividend declarations are positive signals for shareholders, though the Food & Beverages segment continues to post losses and warrants monitoring.