Mittal Life Style reported a consolidated net profit of ₹229.08 crore for the financial year ended March 31, 2026, marking a 2.3% increase from ₹234.45 crore in the previous year. Revenue from operations rose 27% to ₹9,145.41 crore, compared to ₹7,202.12 crore in FY25, reflecting growth in its core business segments. The company’s board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at a meeting held on May 26, 2026.

For the quarter ended March 31, 2026, the company recorded a consolidated net profit of ₹45.74 crore, a decline from ₹83.21 crore in the same period last year. Revenue from operations for the quarter stood at ₹2,332.71 lakh, up from ₹2,115.15 lakh in the corresponding quarter of the previous year. The statutory auditors issued an unmodified opinion on the standalone and consolidated financial results for the financial year. Gains on sale of Mutual Funds were classified as extra-ordinary items.

Financial Performance

The company’s total expenses for FY26 increased to ₹8,816.48 crore from ₹7,022.49 crore in the previous year, primarily due to higher costs of materials consumed and employee benefits. Finance costs also rose significantly to ₹121.04 crore from ₹16.59 crore in FY25. The profit before tax for the year stood at ₹448.02 crore, compared to ₹281.63 crore in the previous year.

Board Decisions

In addition to the financial results, the board appointed Ms. Shilpa Khimaram Parmar as the Internal Auditor of the company with effect from May 26, 2026, for the financial year 2026-27. The board also approved the Statutory Auditors' Report for the quarter and financial year ended March 31, 2026.

The company’s consolidated balance sheet as of March 31, 2026, showed total assets of ₹11,008.66 lakh, up from ₹6,718.82 lakh in the previous year. Equity share capital remained unchanged at ₹4,439.01 lakh, while other equity increased to ₹1,991.66 lakh from ₹1,327.13 lakh. The company’s cash and cash equivalents decreased to ₹46.21 lakh from ₹451.47 lakh at the end of the previous year.

Pursuant to Regulation 47(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published the audited consolidated financial results in Active Times (English) and Mumbai Lakshadeep (Marathi) on May 28, 2026.

Mittal Life Style Limited has received a declaration from its promoters confirming that no fresh encumbrances have been created on their holdings during the financial year 2025-26. The disclosure, dated April 04, 2026, was submitted by Promoter Brijeshkumar Mittal on behalf of all promoters, members of the promoter group, and persons acting in concert (PAC).

Regulatory Compliance

The declaration was filed in accordance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates promoters to disclose any encumbrances on their shares to the stock exchanges and the company. The confirmatory letter addressed the Listing Department of the National Stock Exchange of India Limited and the Company Secretary of Mittal Life Style Limited.

Disclosure Details

The promoters stated that they have not made any encumbrances, directly or indirectly, other than those that were already disclosed previously. The letter further requested the company to place this specific disclosure before the ensuing Audit Committee Meeting of the company as required under Regulation 31(5) of the SEBI (SAST) Regulations, 2011.