Davin Sons Retail reported a 54% decline in net profit to ₹76.94 lakh for the financial year ended March 31, 2026, down from ₹166.26 lakh in the previous year. Revenue from operations fell 40% to ₹815.57 lakh from ₹1,352.70 lakh in FY25, driven by reduced activity in its FMCG segment. The company’s total assets stood at ₹2,159.31 lakh as of March 31, 2026.

The Board of Directors approved the audited standalone financial results for the half year and year ended March 31, 2026, at a meeting held on June 25, 2026. Statutory auditor M/s. Sharma Sharma & Co. issued an unmodified opinion on the financial results, confirming compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company operates two reportable segments: FMCG and Garments.

Financial Performance

The decline in profitability was attributed to a sharp drop in revenue from the FMCG segment, which fell to ₹79.15 lakh in FY26 from ₹741.94 lakh in the prior year. The Garments segment revenue decreased to ₹736.43 lakh from ₹610.77 lakh. Total expenses for the year increased to ₹714.17 lakh from ₹1,134.82 lakh in the previous year, primarily due to higher employee benefit expenses and purchases of stock-in-trade.

| Metric | FY26 (₹ in lakh) | FY25 (₹ in lakh) | Change | |---|---|---:---| | Revenue from Operations | 815.57 | 1,352.70 | -40% | | Net Profit | 76.94 | 166.26 | -54% | | Total Expenses | 714.17 | 1,134.82 | -37% | | Earnings Per Share (Basic) | 1.36 | 4.12 | -67% |

Balance Sheet and Cash Flows

The company’s equity and liabilities increased to ₹2,159.31 lakh as of March 31, 2026, from ₹1,944.37 lakh a year earlier. Share capital rose to ₹661.28 lakh from ₹526.28 lakh, while reserves and surplus grew to ₹1,215.42 lakh from ₹1,069.68 lakh. Cash and cash equivalents decreased significantly to ₹254.89 lakh from ₹744.04 lakh in the prior year.

Net cash used in operating activities was ₹384.31 lakh, compared to ₹118.34 lakh in FY25. The company invested ₹170.53 lakh in fixed assets during the year, up from ₹90.99 lakh in the previous year. Financing activities provided a net cash inflow of ₹192.29 lakh, driven by proceeds from the issue of shares and share warrants.

Davin Sons Retail Limited has disclosed a delay in submitting its audited financial results for the quarter and year ended March 31, 2026. The company was required to file these results with BSE Limited by May 30, 2026, under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The delay is attributed to the ongoing preparation of financial statements and the completion of the statutory audit process.

The company stated that it is making all efforts to finalize the audit and submit the results at the earliest. In accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in the company's securities remains closed. This window will continue to remain shut until 48 hours after the declaration of the financial results to prevent insider trading during the period of price-sensitive information.

The disclosure was submitted to BSE Limited and signed by Mohit Arora, Managing Director of Davin Sons Retail Limited. The filing confirms that the company is committed to complying with all applicable regulatory requirements despite the postponement.

Key Compliance Details