Brandman Retail Limited's Board of Directors convened on May 13, 2026, at its registered office in New Delhi and approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statutory audit was conducted by M/s Manish Pandey & Associates, Chartered Accountants (Firm Registration No. 019807C), who issued an unmodified audit opinion on both the standalone and consolidated financial results. The declaration under Regulation 33(3)(d) of the SEBI Listing Regulations was submitted by Ayushman Dubey, Chief Financial Officer, confirming the unmodified opinion for the quarter and financial year ended March 31, 2026.

Standalone Financial Performance

Brandman Retail delivered a steady improvement in its standalone financial performance for the year ended March 31, 2026. Total income rose to ₹17,166.73 lakhs from ₹14,011.03 lakhs in the previous year, driven by higher revenue from operations and other income. Net profit for the full year stood at ₹2,529.91 lakhs, compared to ₹2,104.73 lakhs in the prior year. The following table summarises the key standalone financial results:

For the quarter ended March 31, 2026, standalone revenue from operations was ₹6,709.56 lakhs and net profit was ₹564.31 lakhs, compared to ₹1,529.35 lakhs in the preceding quarter ended December 31, 2025.

Standalone Balance Sheet Highlights

The standalone balance sheet as at March 31, 2026, reflects a significant expansion in the company's financial position. Total assets stood at ₹20,800.32 lakhs, up from ₹8,472.21 lakhs as at March 31, 2025. Shareholders' funds increased substantially to ₹14,192.68 lakhs from ₹2,983.04 lakhs, supported by a rise in share capital to ₹1,845.72 lakhs and reserves & surplus to ₹12,346.96 lakhs. Key balance sheet items are presented below:

Consolidated Financial Performance

On a consolidated basis, which includes the results of subsidiary Incubator Ecom Private Limited, total income for the year ended March 31, 2026, was ₹17,166.85 lakhs compared to ₹14,018.26 lakhs in the prior year. Consolidated profit before tax was ₹3,414.62 lakhs against ₹2,832.96 lakhs in the previous year. Net profit attributable to the group stood at ₹2,529.44 lakhs, compared to ₹2,104.39 lakhs in the prior year. Consolidated basic and diluted EPS for the full year were ₹18.65 each, versus ₹15.51 in the prior year. The consolidated balance sheet total stood at ₹20,799.97 lakhs as at March 31, 2026, compared to ₹8,472.91 lakhs a year earlier.

Cash Flow Summary

The standalone cash flow statement for the year ended March 31, 2026, shows net cash used in operating activities of ₹(3,926.09) lakhs, reflecting working capital expansion. Net cash used in investing activities was ₹(497.54) lakhs, primarily on account of purchase of plant & equipment, intangible assets, and capital WIP of ₹(532.61) lakhs. Cash flow from financing activities was ₹8,654.72 lakhs, driven by proceeds from shares issued of ₹9,808.01 lakhs, partially offset by issue-related expenses of ₹(1,128.27) lakhs. Cash and cash equivalents at the end of the year stood at ₹4,663.32 lakhs, up from ₹432.22 lakhs at the beginning of the year.

On a consolidated basis, net cash used in operating activities was ₹(3,928.73) lakhs, while net cash used in investing activities was ₹(497.54) lakhs. Cash flow from financing activities was ₹8,654.72 lakhs. Consolidated cash and cash equivalents at the end of the year stood at ₹4,663.75 lakhs, compared to ₹435.30 lakhs at the beginning of the year.

Board Decisions and Auditor Appointments

In addition to approving the financial results, the Board passed resolutions on the following matters:

• Internal Auditors: M/s MRB & Associates, Chartered Accountants (FRN: 136306W), appointed as Internal Auditors of the company for FY2026-27, effective May 13, 2026. The firm is a professionally managed practice offering financial, taxation, compliance, and advisory services, including Virtual CFO services and GST compliance.
• Secretarial Auditors: M/s Mamta Binani & Associates, Company Secretaries (ICSI Unique Code: P2016WB060900; Peer Review Certificate No. 6475/2025), appointed as Secretarial Auditors for FY2026-27, effective May 13, 2026. The firm, established in 1997 and converted to a partnership in 2017, specialises in corporate and legal services in India and abroad.