Rupa & Company projects FY27 growth, announces capex plan
Rupa & Company reported a 12.9% decline in FY26 net profit to ₹72.5 crore, despite a 1.6% rise in revenue to ₹1,259.1 crore. The Board recommended a final dividend of ₹3 per share. Looking ahead, management projected a revenue growth of 10% to 12% for FY27, driven by volumes, and outlined a capital expenditure plan of ₹60 crore over two years to expand manufacturing and warehousing facilities in Kolkata.

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Rupa & Company reported a consolidated net profit of ₹72.5 crore for the financial year ended March 31, 2026, a decline of 12.9% from ₹83.3 crore in the previous year. The Board of Directors recommended a final dividend of ₹3 per equity share of face value ₹1 each, subject to shareholder approval. Revenue from operations for FY26 rose 1.6% year-on-year to ₹1,259.1 crore. The company projected a revenue growth of 10% to 12% for FY27, driven largely by volumes, and expects EBITDA margins to be in the range of 9% to 10%.
Financial Performance
For the quarter ended March 31, 2026, revenue from operations increased 6.3% to ₹441.5 crore compared to ₹415.5 crore in Q4 FY25. The company recorded a volume growth of 9% during the quarter. EBITDA for Q4 FY26 stood at ₹55 crore, with margins expanding to 12.5% from 11.0% in the corresponding period of the previous year. Profit after tax for the quarter rose 18.1% to ₹36.1 crore.
On a full-year basis, EBITDA declined 11.6% to ₹115.3 crore from ₹130.4 crore in FY25, impacted by exceptional items aggregating to ₹5.6 crore. These items relate to the settlement of Entry Tax liability and impairment of certain assets. Operating cash flow for FY26 stood at ₹45 crore, while cash surplus improved to ₹33 crore as of March 2026.
| Metric (₹ in crore) | Q4 FY26 | Q4 FY25 | FY26 | FY25 |
|---|---|---|---|---|
| Revenue from Operations | 441.5 | 415.5 | 1,259.1 | 1,239.3 |
| EBITDA | 55.0 | 45.9 | 115.3 | 130.4 |
| EBITDA Margin (%) | 12.5% | 11.0% | 9.2% | 10.5% |
| Profit after Tax | 36.1 | 30.6 | 72.5 | 83.3 |
| EPS (₹) | 4.6 | 3.8 | 9.1 | 10.5 |
Operational Highlights and Future Outlook
Exports contributed 3% to overall revenues, while Modern Trade, including e-commerce, contributed 5% during the year. The Athleisure segment witnessed encouraging momentum, reaffirming consumer acceptance of the diversified portfolio. The company focused on strengthening its sales and distribution capabilities through investments in its sales team and field execution to enhance market penetration.
Management stated that the company has taken a price hike of around 4% to 5% in April and may consider another hike of 2% to 3% in June or July, depending on market conditions. Regarding capital expenditure, the company plans to strengthen its in-house capacity by developing manufacturing and warehousing facilities at West Bengal Hosiery Park, Kolkata, with a total outlay of ₹60 crore to be spent over two years.
As at March 31, 2026, the company's total assets stood at ₹1,614.4 crore, with equity share capital remaining unchanged at ₹8 crore. Other equity increased to ₹1,058.1 crore from ₹1,009.6 crore in the previous year.
Historical Stock Returns for Rupa & Company
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.57% | +9.63% | +12.88% | -0.64% | -23.41% | -66.07% |
How will the planned capital expenditure at the West Bengal Hosiery Park impact production capacity and economies of scale over the next two years?
Will the projected 10-12% revenue growth for FY27 be sufficient to offset the recent decline in net profit margins?
What specific strategies will be employed to increase the contribution of exports and Modern Trade channels beyond their current 3% and 5% levels?


































