Mumbai, July 29 -- The apparel and retail player reported a net profit (PAT) of Rs 13 crore in Q1 FY26, a nearly tenfold jump compared to Rs 1 crore in the same quarter last year. Revenues grew 16% year-on-year to Rs 1,107 crore, up from Rs 955 crore in Q1 FY25, supported by strong traction across channels.

A key driver of performance was continued growth in direct-to-consumer channels, with 8.1% like-to-like (LTL) sales growth and over 30% growth in online B2C. Gross margins expanded by 60 basis points to 55.9%, aided by lower discounting.

EBITDA rose 20.3% YoY to Rs 148 crore, with margins improving by 50 bps to 13.4%, despite a 140 basis points increase in advertising spend. Profit before tax (PBT) also saw a sharp rise of 64.6% YoY ...