Avon Mercantile Ltd reported a net profit of ₹26.10 lakh for the quarter ended June 30, 2026, up from ₹17.98 lakh in the same period last year. Avon Mercantile also saw total income from operations rise 2.1% year-on-year to ₹120.43 lakh.

The company’s Board of Directors approved the unaudited standalone financial results at a meeting held on August 14, 2026. The results were reviewed by the Audit Committee and subjected to limited review by statutory auditors in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

Total income from operations for Q1FY27 was ₹120.43 lakh, compared to ₹117.90 lakh in Q1FY26. On a sequential basis, revenue dipped slightly from ₹123.84 lakh in the preceding quarter (Q4FY26).

Net profit before tax and exceptional items remained consistent with post-tax figures at ₹26.10 lakh. This compares to a net profit of ₹26.47 lakh in Q4FY26.

What the Numbers Show

While revenue growth was modest at 2.1% year-on-year, net profit expanded significantly by 45.1%. This divergence suggests improved cost efficiency or margin expansion during the quarter, as operating income grew at a slower pace than bottom-line profitability compared to the prior year period.

Avon Mercantile Limited has disclosed its shareholding pattern for the quarter ended June 30, 2026, revealing that public shareholders hold the majority stake in the company. The total equity share capital stands at 7,477,390 shares, with the public holding 73.79% and promoters retaining 26.21%.

The filing, submitted to the Bombay Stock Exchange, confirms that the listed entity has no outstanding partly paid-up shares, convertible securities, warrants, or employee stock options (ESOPs). Additionally, the company reported that no shares held by promoters are encumbered under pledge, non-disposal undertaking, or other categories. The document also notes the presence of a significant beneficial owner.

Shareholding Breakdown

The shareholding distribution indicates a concentration of ownership among specific bodies corporate within the promoter group and a broad base of public shareholders. The following table details the category-wise holding:

Promoter and Public Details

Within the promoter group, Smart Bharat Private Limited and Oasis Cineplex Private Limited are the major shareholders, holding 19.67% and 6.54% of the equity respectively. The remaining promoter holding is distributed among seven individuals, each holding 10 shares. The company noted that the PAN details for these individual promoters are not available or updated with the company, resulting in their physical share certificates being kept under lock-in or stop transfer until the details are submitted.

Public shareholding is primarily categorized under "Any Other," which accounts for 66.62% of the total equity held by 185 shareholders. Resident individuals holding up to ₹2 lakhs comprise 6.77% of the public shareholding, while those holding more than ₹2 lakhs account for 0.4%.

Significant Beneficial Ownership

The disclosure identified two significant beneficial owners associated with Smart Bharat Private Limited. Dr. Bhupendra Kumar Modi holds 13.82% of the shares, while Dilip Kumar Modi holds 6.44% through the registered owner.