Victoria Mills Q2FY26 net profit up 63% to ₹289 lakh on higher revenue
Victoria Mills Ltd posted a Q2FY26 net profit of ₹289.44 lakh, up 63% YoY, driven by a 20% rise in revenue to ₹19.50 crore. The company maintained cost discipline with total expenses at ₹16.24 crore, resulting in an EPS of ₹293.67. Nine-month net profit reached ₹666.25 lakh.

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Victoria Mills reported a net profit of ₹289.44 lakh for the quarter ended June 30, 2026, rising 63% from ₹177.35 lakh in the same period last year. The Mumbai-based textile manufacturer saw its revenue from operations increase to ₹19.50 crore from ₹16.25 crore in Q2FY25, reflecting continued operational momentum following its recovery in the previous quarter.
The Board of Directors approved the unaudited financial results on August 12, 2026, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Vasani & Thakkar, the statutory auditors, issued a limited review report confirming that the financial statements disclose all required information and contain no material misstatement. The results were prepared in accordance with Indian Accounting Standard 34 "Interim Financial Reporting" under Section 133 of the Companies Act, 2013.
Financial Performance
Total revenue reached ₹19.98 crore, comprising ₹19.50 crore from operations and ₹48.20 lakh from other income, compared to total revenue of ₹16.50 crore in the prior year. Operating costs remained contained, with total expenses standing at ₹16.24 crore. Cost of materials consumed was ₹15.50 crore, while employee benefits expense increased slightly to ₹40.68 lakh from ₹37.03 lakh in the corresponding quarter. Other expenses decreased marginally to ₹30.71 lakh from ₹28.30 lakh, contributing to improved profitability.
| Particulars | Q2FY26 (₹ in lacs) | Q2FY25 (₹ in lacs) |
|---|---|---|
| Revenue from Operations | 1950.00 | 1625.00 |
| Other Income | 48.20 | 25.24 |
| Total Revenue | 1998.20 | 1650.24 |
| Total Expenses | 1623.76 | 1417.89 |
| Profit Before Tax | 374.44 | 232.35 |
| Net Profit After Tax | 289.44 | 177.35 |
For the nine-month period ended June 30, 2026, the company posted a net profit of ₹666.25 lakh, significantly higher than the figures recorded in the same period last year. Earnings per share stood at ₹293.67 for the quarter, compared to ₹179.94 in Q2FY25.
What the Numbers Show
The most notable aspect of Victoria Mills’ Q2FY26 results is the acceleration in profitability, with net profit growing at a faster rate (63%) than revenue growth (20%). This divergence highlights effective cost management, particularly in controlling material costs relative to revenue generation. The consistent positive contribution from other income, alongside stable employee benefits despite higher operational volume, underscores the scalability of the current business model. The absence of finance costs further supports the clean balance sheet structure, allowing operating efficiencies to flow directly to the bottom line.
Historical Stock Returns for Victoria Mills
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.78% | -7.83% | +71.13% | +35.89% | +23.83% | 0.0% |
Can Victoria Mills sustain the 63% profit growth trajectory in Q3FY26, or is this acceleration driven by one-off operational efficiencies?
How will rising global textile raw material prices impact the company's ability to maintain its current cost-to-revenue ratio in the coming quarters?
Does the absence of finance costs indicate a strategic shift towards debt-free expansion, and how might this affect future capital expenditure plans?































