Purple Style Labs Ltd has changed its Corporate Identification Number (CIN) from U18204MH2015PLC267215 to L18204MH2015PLC267215. This update follows the company's listing on the National Stock Exchange (NSE) and BSE Limited (BSE) on September 7, 2026.

The change was made pursuant to an application filed with the Registrar of Companies (ROC), Mumbai - I. The Ministry of Corporate Affairs (MCA) records now reflect the updated status. The company notified both exchanges on September 24, 2026.

Regulatory status update

The listing status of Purple Style Labs in MCA records has been updated from 'Unlisted' to 'Listed'. This administrative change aligns the corporate registry with the company's public trading status. The ROC Mumbai I jurisdiction oversees these filings.

The company confirmed that a copy of the updated Master Data from the MCA website was attached to the intimation letter sent to the exchanges.

Company profile details

Purple Style Labs is a public non-government company limited by shares. It was incorporated on August 6, 2015. The company maintains its registered office in Mumbai, Maharashtra. Its current compliance status is marked as 'Active Compliant'.

The paid-up capital stands at ₹80.06 crore against an authorized capital of ₹108.25 crore. The last Annual General Meeting was held on August 13, 2026. The latest balance sheet date recorded is March 31, 2026.

Purple Style Labs Limited reported a consolidated net loss of ₹88.12 crore for Q1FY27, a significant widening from the ₹62.94 crore loss recorded in Q4FY26. The company’s Board of Directors approved these unaudited standalone and consolidated financial results on September 24, 2026.

On a standalone basis, the company posted a net loss of ₹3.03 crore, an improvement from the ₹3.76 crore loss in Q4FY26. Revenue from operations on a consolidated basis stood at ₹119.44 crore, up from ₹105.70 crore in the year-ago quarter, while standalone revenue declined to ₹18.26 crore from ₹26.92 crore in the previous quarter.

Financial Performance Overview

The widening of losses at the group level was driven by higher finance costs and depreciation, which rose to ₹33.99 crore and ₹34.84 crore respectively in Q1FY27, compared to ₹29.82 crore and ₹31.71 crore in Q4FY26. Employee benefits expense also increased to ₹25.19 crore on a consolidated basis.

Operational Metrics and Growth Drivers

The investor presentation highlights strong momentum in Gross Merchandise Value (GMV) and Average Order Value (AOV), key indicators for luxury retail platforms. GMV for the quarter ended June 30, 2026 (Q1FY27) reached ₹193 crore, a 45% increase from ₹133 crore in Q1FY26. This growth was supported by a rise in AOV to ₹86,000 from ₹66,000 in the same period last year.

The company has strategically focused on high-value customers, trimming the long tail of mass-premium offerings. The average GMV per customer rose to ₹108,000 in FY26 from ₹83,000 in FY25. The top 10,000 customers contributed ₹406 crore to GMV in FY26, representing 56% of the total, underscoring the concentration of revenue in the ultra-luxury segment.

Geographically, India Experience Centres drove significant growth. Mumbai GMV grew to ₹50 crore in Q1FY27 from ₹28 crore in Q1FY26. The company opened two new large-format Experience Centres in New York and Mumbai during Q1FY27, expanding its footprint to 14 locations across 11 cities.

What the Numbers Show

A divergence exists between operational scale and bottom-line profitability. While GMV grew 45% YoY and AOV increased 30% YoY, the consolidated EBITDA margin contracted to -9% in Q1FY27 from -4% in Q1FY26. This deterioration is primarily attributed to the heavy depreciation and lease interest costs associated with the new large-format stores opened in FY26 and early FY27. The operating cash flow improved significantly to -₹19 crore in Q1FY27 compared to -₹55 crore in Q1FY26, driven by a reduction in Net Working Capital (NWC) to ₹66 crore from ₹105 crore, indicating better inventory management despite the expansion.

Balance Sheet and Cash Flow Highlights

The balance sheet reflects the capital-intensive nature of the recent expansion. Total assets stood at ₹808.3 crore as of June 30, 2026. Borrowings increased to ₹436.4 crore, while lease liabilities remained substantial at ₹326.9 crore. The equity position turned negative at -₹132.6 crore, largely due to accumulated losses and exceptional items related to ESOPs.

Earnings Call Details

The company has scheduled an earnings conference call for Tuesday, September 29, 2026, at 4:00 pm IST to discuss these results. Investors and analysts can participate via primary domestic numbers or international toll-free lines. Pre-registration is requested through the link provided on the company's website.

Call Access Information

The call will feature presentations from key management personnel, including Abhishek Agarwal, Promoter, Whole-Time Director, and Chief Executive Officer. The event is coordinated by Strategic Growth Advisors Pvt. Ltd.