LOGICA INFOWAY LIMITED

Distributes and retails technology products across India through company-owned retail stores, e-commerce, and a wholesale/distribution channel. The retail business operates Company-Owned Company-Operated (COCO) stores, growing 60% YoY in FY26 to ₹2,780 Mn and contributing 21% of total revenue. E-commerce was the other growth channel, up 30% YoY in H1 FY26 to ₹1,762 Mn, while exports were deliberately scaled back by about 70% in H1 FY26 to focus on higher-return domestic businesses. The store network expanded from 53 to 77 COCO stores covering 38,125 sq ft in FY26, with the company targeting 100+ stores by FY27 end and a medium-term vision of 500 stores. Operating costs are dominated by other operating expenses at 2.7% of revenue and employee costs at 0.9%, with EBITDA margin expanding to 2.61% in FY26 from 2.38% in FY25. Gross margin reached 5.91% for FY26, with H2 FY26 at 6.30% — the highest half-yearly print in company history. The board has begun studying migration from BSE's SME Platform to the Main Board.