Mumbai, Nov. 12 -- Revenue from operations rose by 7% year-over-year (YoY) to Rs 984 crore during the quarter. The company stated that India operations registered a strong performance with a YoY growth of 14% in the backdrop of 2% degrowth in Indian apparel exports. The revenue from Africa operations declined by 23% YoY, primarily due to AGOA related uncertainty.

While EBIDTA improved by 1% YoY to Rs 84 crore, EBIDTA margin declined by 41 basis points YoY to 8.3% in Q2 FY26.

The drop in EBIDTA margin was mainly due to operating deleverage at the Africa business, US tariff impact, and startup costs owing to the new business/units. However, the India operations abated this impact partly, supported by productivity gains and better cost man...