Brand Concepts distributes and retails premium international fashion and travel-accessory brands in India. It is the licensed Indian partner for six global brands — Tommy Hilfiger, United Colors of Benetton, Juicy Couture, Superdry, Off-White and Aeropostale — selling them through branded stores, airport travel-retail outlets and e-commerce. Alongside the licensed portfolio, it runs its own "Bagline" chain of more than 50 stores selling luggage, bags and travel accessories, with a new outlet opened at Mumbai's Chhatrapati Shivaji Maharaj International Airport Terminal 2 in July 2026. A new manufacturing facility at Ujjain became operational in July 2025, supporting own-brand and private-label production. In FY26 the business reported revenue of Rs. 348.07 crore, but the cost book is dominated by other operating expenses (33.3% of revenue) and employee costs (14.3%), with materials at 13.6%, leaving net profit margin at 0.3%. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Licensed international brand distribution, Bagline retail chain, Travel retail at airports, E-commerce, Own-brand manufacturing. Asset-light specialty retail and licensed brand distribution, with new own-brand manufacturing integration and travel-retail exposure.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 86 | 163 | 251 | 273 | 348 |
| EBITDA (ex other income) | 8 | 21 | 28 | 29 | 28 |
| margin % | 9.0 | 13.2 | 11.0 | 10.7 | 8.0 |
| Owners' profit | 1 | 0 | 0 | 7 | 1 |
| EPS, as reported (₹) | 0.54 | 9.36 | 10.00 | 5.89 | 0.87 |
| ROE % · ROCE % | 3.5 · 19.6 | 35.4 · 45.2 | 19.5 · 29.3 | 9.3 · 15.1 | 1.3 · 11.6 |
| Debt / equity (x) | 1.77 | 0.92 | 0.76 | 1.24 | 1.64 |
| Cash from operations | 14 | 14 | (8) | (5) | (12) |
| Capex | (1) | (5) | (16) | (27) | (19) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 71 | 67 | 66 | 72 | 98 | 88 | 90 | 80 |
| Profit before tax | 3 | 2 | 1 | (3) | 3 | 1 | 0 | (3) |
| Net profit | 2 | 2 | 1 | (3) | 2 | 1 | 1 | (3) |
| EPS (₹) | 1.52 | 1.59 | 1.16 | (2.19) | 1.88 | 0.51 | 0.71 | (2.27) |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| TRENT LTD | 1,49,424 | 60.9 | 21.02 | 39.8 | 24.2 | 26.2 | 50.6 | 20.1 |
| LENSKART SOLUTIONS LTD | 1,18,565 | 178.0 | 13.39 | 61.6 | 5.7 | 5.8 | — | 24.2 |
| VEDANT FASHIONS LIMITED | 14,190 | 35.2 | 9.29 | 19.5 | 8.5 | 8.4 | — | 52.7 |
| ADITYA BIRLA LIFES BRAN L | 10,194 | 57.6 | 7.22 | 7.9 | 12.1 | 5.0 | — | 16.0 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 3 Sept 2026 · No dividend declared; book closure only for AGM purpose | compliance | minimal | — | — |
| 2 Sept 2026 · Newspaper publication of 19th AGM notice and book closure | compliance | minimal | — | — |
| 1 Sept 2026 · AGM scheduled for September 24, 2026 | board shareholder meetings | low | — | — |
| 1 Sept 2026 · Board approves notice for 19th AGM on September 24, 2026 | board shareholder meetings | low | — | — |
| 21 Aug 2026 · Brand Concepts Q1 FY27 call: revenue up 11%, consolidation 80% done | investor communications | medium | — | — |
| 19 Aug 2026 · Recording link shared for Q1 FY27 post-earnings investor call | investor communications | low | — | — |
| 19 Aug 2026 · Post-earnings call recording link shared for Q1 FY27 | investor communications | low | — | — |
| 14 Aug 2026 · Brand Concepts Q1 FY27: Revenue up 11%, EBITDA rises 49.7%, net loss widens | investor communications | medium | — | — |
| 13 Aug 2026 · No deviation in use of warrant proceeds for June 2026 quarter | compliance | minimal | — | — |
| 13 Aug 2026 · Q1 FY27 revenue up 11% YoY but company swings to net loss | results | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| ADITYA VISION LIMITED |
| 7,991 |
| 57.4 |
| 11.61 |
| — |
| 17.0 |
| 17.4 |
| — |
| 10.6 |
| V2 RETAIL LIMITED | 7,947 | 5.1 | 8.81 | 16.6 | 18.0 | 14.2 | 41.6 | 14.1 |
| ADITYA BIRLA FASHION & RT | 6,164 | — | 0.98 | 8.4 | (13.3) | (7.1) | 9.3 | 8.5 |
| ARVIND FASHIONS LIMITED | 5,946 | 49.5 | 5.12 | 8.9 | 15.8 | 12.9 | 19.1 | 13.0 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 187.4 | 21.9 | 19 of 19 | 0% |
| P/B | 2.4 | 4.3 | 5 of 14 | 69% |
| ROCE | 0.5 | 10.0 | 17 of 20 | 16% |
| ROE | 1.3 | 11.7 | 12 of 14 | 15% |
| Debt / Equity | 1.6 | 0.1 | 14 of 14 | 0% |
| EBITDA margin | 6.8 | 15.7 | 13 of 14 | 8% |
| Revenue growth | 11.0 | 16.6 | 12 of 16 | 27% |
| Profit growth | (4.3) | 20.6 | 9 of 13 | 33% |
| Market cap | 194 | 845 | 14 of 20 | 32% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
