Mumbai, Nov. 11 -- On a consolidated basis, net revenue surged 94.6% YoY to Rs 112.38 crore in H1 FY26, compared with Rs 57.76 crore in H1 FY25, supported by rapid retail expansion among organized retail clients. Net profit (PAT) nearly doubled, climbing 96.1% YoY to Rs 33.25 crore, up from Rs 16.96 crore in H1 FY25.

EBITDA surged 85.4% YoY to Rs 44.50 crore, while the EBITDA margin stood at 39.6%, only slightly lower than 41.5% in the same period last year, supported by improved capacity utilization and operating leverage.

The company attributed its robust performance to enhanced capacity utilization, automation upgrades, and higher export orders, aided by new partnerships in the Middle East. A key highlight of the quarter was the succ...