Super Tannery reported a net profit of ₹74.6 crore for FY26, marking a modest 2.8% increase from the previous year, even as total revenue contracted by 13.2%. The Kanpur-based leather manufacturer declared a final dividend of ₹0.05 per share.

Financial Performance

The company’s total income fell to ₹2,483.5 crore in FY26 from ₹2,861.4 crore in FY25. This decline was primarily driven by a sharp drop in export sales and lower export incentives.

Despite the revenue contraction, profitability remained resilient due to controlled operating expenses. Cost of materials consumed decreased by 16.8% to ₹1,486.5 crore, outpacing the revenue decline.

Operational Highlights

Export sales, which form the bulk of the company's earnings, dropped significantly to ₹1,865.1 crore from ₹2,309.2 crore in the prior year. Indigenous sales, however, grew by 30.3% to ₹445.0 crore, partially offsetting the external headwinds.

The management noted that the company maintained satisfactory growth despite recessionary pressures in the market. The Board reaffirmed its focus on global competitiveness and cost optimization strategies to navigate the challenging economic scenario.

Balance Sheet Signals

Total assets increased by 10.6% to ₹2,939.1 crore, driven largely by a rise in inventories and investments. Short-term borrowings rose to ₹895.1 crore from ₹668.2 crore, indicating increased reliance on working capital facilities.

What the Numbers Show

While top-line growth was negative, the company managed to expand its bottom line. The divergence between falling revenue and rising net profit suggests improved operational efficiency or favorable cost dynamics in raw material procurement during the year.

Super Tannery Limited reported a standalone net profit of ₹746.28 lakh for the financial year ended March 31, 2026. The company recorded total revenue from operations of ₹24,650.54 lakh for the year, while total income stood at ₹24,834.93 lakh. For the quarter ended March 31, 2026, the net profit was ₹290.19 lakh on a total revenue of ₹5,832.11 lakh.

The Board of Directors, in its meeting held on May 30, 2026, approved the standalone and consolidated audited financial results. The Board recommended a final dividend of ₹0.05 per share, equivalent to 5% on the equity shares of face value Re.1 each, for the financial year 2025-26. This dividend is subject to the approval of the shareholders.

On a consolidated basis, the company reported a net profit of ₹670.51 lakh for FY26. Total revenue from operations for the year was ₹24,705.80 lakh. Profit attributable to the equity holders of the parent stood at ₹673.15 lakh for the year. The basic earnings per share for the consolidated entity was ₹0.62 for FY26.

Financial Performance

The standalone financial results for the year ended March 31, 2026, showed a total expense of ₹23,764.81 lakh. The profit before tax for the year was ₹1,070.12 lakh. Other comprehensive income for the period totaled ₹31.87 lakh, resulting in a total comprehensive income of ₹778.15 lakh.

Consolidated Results

The consolidated statement of assets and liabilities as of March 31, 2026, showed total assets of ₹29,404.64 lakh. Total equity stood at ₹11,046.74 lakh, while total liabilities amounted to ₹18,357.90 lakh. The company's cash and cash equivalents decreased to ₹279.30 lakh at the end of FY26 from ₹732.74 lakh in the previous year.

The statutory auditors, Kapoor Tandon & Co., issued an audit report with an unmodified opinion on the standalone and consolidated financial results. The company operates primarily in the leather and leather-related products segment. The management stated that the implementation of the new Labour Codes is not expected to have a material impact on the company's financial position.