BELLA CASA FASH AND RET L

Manufactures ready-made garments on an ODM (original design manufacturing) basis for more than 50 domestic apparel brands, offering end-to-end production for western and ethnic wear across women's, men's and kids' categories. Operations are concentrated in six manufacturing plants in Jaipur with an annual capacity of 2 crore pieces and a workforce of 3,500-plus. The company has completed a strategic exit from its home furnishing business, so virtually all of FY26 revenue of ₹416 crore came from apparel manufacturing, with net profit of ₹20 crore and an EBITDA margin of 8.8%. Operating margin has been stable around 8.1–8.2% in FY25–FY26. Materials are the largest cost line at 38.4% of revenue, followed by employee cost at 2.2% and other operating expenses at 2.7%, with depreciation at 1.0% and capex running at 10.8% of revenue. Working capital has tightened sharply — inventory days fell to 102 and the debtor cycle to around 50 days — while net debt was reduced to ₹3 crore and operating cash flow reached ₹31 crore in FY26.