K. V. TOYS INDIA LIMITED

Distributes and sells toys, games and stationery across more than 700 SKUs in 8+ categories — including educational toys, DIY kits, dolls, vehicles, board games and stationery — through over 1,400 active wholesalers across 25+ Indian states, with modern trade contributing 53% of FY26 revenue. Vehicles is the single largest category at about 26% of revenue, and the customer base shows a roughly 72% repeat purchase rate. The business is shifting from a toy distributor to a brand-led 'House of Play' platform, supported by manufacturing and brand acquisitions: a 55% stake in Indo Manufacturers LLP (commenced toy manufacturing in May 2026, expected ₹150 lakh turnover), a 27% stake in Just Bear for soft toys, a 65% stake in Crayonix Stationery, and a 50% stake in Play Panda Private Limited for educational toys and STEM learning aids (sold via Amazon, Flipkart, FirstCry and Hamleys India). Exports began in FY26 with a first shipment to Germany under the QUCO platform. Materials (purchased goods and inputs) are the dominant cost at 78.3% of revenue, with employees at 2.4% and other opex at 11.8%.