Thomas Scott FY26 revenue rises 58% to ₹255 crore, PAT up 51%
Thomas Scott (India) Limited reported a 58% YoY increase in revenue to ₹255 crore for FY26, with PAT growing 51% to ₹19 crore. Q4 revenue rose 63% to ₹78 crore, marking the 10th consecutive quarter of growth. The company expanded into footwear and maintains a debt-to-equity ratio of 0.3 to 0.4.
*this image is generated using AI for illustrative purposes only.
Thomas Scott (India) Limited reported a robust financial performance for the financial year ended March 31, 2026 (FY26), with revenue from operations rising 58% year-on-year to ₹255 crore. Profit after tax (PAT) for the year stood at ₹19 crore, registering a growth of 51% year-on-year, while PAT margins were 7.57%. The company’s EBITDA increased by 72% to ₹33 crore, with margins expanding by 105 basis points to 13.1%. Return on Capital Employed (ROCE) for the period was recorded at 22.31%.
For the fourth quarter of FY26, revenue from operations stood at ₹78 crore, registering a growth of 63% year-on-year. EBITDA for the quarter stood at ₹11 crore, reflecting a 67% year-on-year increase, while EBITDA margins were 14.14%. PAT for the quarter stood at ₹6 crore, representing a growth of 43% year-on-year, with PAT margins at 7.71%. This marked the 10th consecutive quarter of revenue growth for the company.
Operational Performance
The company’s own brand, Thomas Scott, recorded revenue of ₹91 crore during FY26, growing by 62% year-on-year. The licensed and other brand segments reported revenues of ₹148 crore, representing a growth of 53% year-on-year, driven by momentum across marketplace partnerships and premiumization of the product portfolio. The contract manufacturing business supported revenues of ₹15 crore during FY26, a growth of 91% year-on-year.
Financial Highlights
| Metric | Q4 FY26 | FY26 |
|---|---|---|
| Revenue from Operations (₹ crore) | 78 | 255 |
| EBITDA (₹ crore) | 11 | 33 |
| EBITDA Margin (%) | 14.14 | 13.1 |
| PAT (₹ crore) | 6 | 19 |
| PAT Margin (%) | 7.71 | 7.57 |
Strategic Developments
During the quarter, the company entered the footwear category, focusing on premium brands to ensure margin accretion. Management stated that new categories are being structured as zero net capital investment categories to maintain healthy return on capital employed. The company continues to utilize its proprietary technology platforms, thread.al and catalog.al, for demand forecasting and catalog management, though these remain for internal use.
Regarding the balance sheet, other current assets increased primarily due to an insurance claim receivable of approximately ₹22 crore related to a previous fire incident. Short-term borrowings also increased correspondingly to support business operations. Management expects debt levels to normalize upon receipt of the insurance claim. The company’s debt-to-equity ratio is currently around 0.3 to 0.4.
The disclosure was made pursuant to Regulation 30 and 46 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The earnings conference call was held on June 03, 2026.
Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE480M01011/070ad2e26a044d3b.pdf
Historical Stock Returns for Thomas Scott
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.58% | +3.23% | +18.95% | -7.68% | -13.36% | +1,680.38% |
What is the expected revenue contribution from the newly launched footwear category over the next two years?
How will the company maintain the current ROCE levels as it scales new zero net capital investment categories?
What is the timeline for the receipt of the ₹22 crore insurance claim, and how will this impact the debt-to-equity ratio?
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