Virat Industries reports ₹49.39 crore net profit for FY26

Virat Industries Limited reported a net profit of ₹49.39 crore for the financial year ended March 31, 2026, a significant increase from ₹9.05 crore in the previous year. The company's total income rose to ₹329.37 crore from ₹326.72 crore in FY25, while operating EBITDA surged to ₹72.08 crore compared to ₹22.68 crore. The improved financial performance was driven by higher operating income and a reduction in finance costs, which fell to ₹0.53 crore from ₹0.68 crore.

The board has scheduled the 36th Annual General Meeting for Thursday, August 06, 2026, to approve the financial statements for the year. The meeting will be held through video conferencing and other audio-visual means. The register of members and share transfer book will remain closed from Friday, July 31, 2026, to Thursday, August 06, 2026, for the purpose of the AGM. The remote e-voting facility will be available from Monday, August 03, 2026, to Wednesday, August 05, 2026, with Thursday, July 30, 2026, as the record date for determining eligibility.

Financial Performance

The company's profit before tax for FY26 stood at ₹66.61 crore, up from ₹12.12 crore in the previous year. The provision for tax increased to ₹17.22 crore from ₹3.07 crore. Net profit after tax consequently rose to ₹49.39 crore from ₹9.05 crore. The earnings per share (EPS) improved to ₹3.74 from ₹1.84 in the prior year.

Particulars	2025-26 (₹ in Lakh)	2024-25 (₹ in Lakh)
Total Income	3293.73	3267.23
Operating EBITDA	720.81	226.81
Net Profit Before Tax	663.60	121.18
Net Profit After Tax	492.00	90.45
Earnings Per Share (₹)	3.74	1.84

Operational Metrics

Virat Industries' net worth increased substantially to ₹1,307.20 crore in FY26 from ₹264.47 crore in the previous year. The capital employed stood at ₹1,298.19 crore. The company reported a current ratio of 33.61 and a debt-equity ratio of 0.00, indicating a strong liquidity position and negligible debt. The return on capital employed was 8.58%.

The company's operations included the production of 46.19 lakh pairs of knitted socks and the dispatch of 46.94 lakh pairs. Sales realization per pair improved to ₹52.93 from ₹42.60 in the previous year. The total foreign exchange earned during the year was ₹238.15 lakh, with imports constituting 5.45% of exports.

Board and Governance

During the year, the company underwent changes in its board composition. Directors Vaibhav P. Mandhana, Dashrath B. Pawaskar, and Chintamani D. Thatte resigned in September 2025 due to personal commitments. Consequently, new directors Supriya Anil Shete, Neha Govind Tikam, and Vilas Sheshagiri Potdar were appointed and regularized at the Annual General Meeting held on September 30, 2025. The re-appointment of Adi F. Madan as Managing Director was also approved.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+3.00%	-8.76%	-14.99%	-29.02%	-44.08%	+586.18%

Virat Industries Ltd has approved the alteration of its Object Clause and the adoption of a new Memorandum of Association (MOA) to align with the Companies Act, 2013 and diversify its business operations. The board's decision on June 24, 2026, removes the company's focus on oral and dental care products and expands its scope into textiles, investment management, and real estate. These changes are intended to provide greater operational flexibility and support the company's future growth strategy.

The board also withdrew a previously proposed name change to "Brham Well-being & Lifestyle Corporation Limited". The company stated it is evaluating a new name that will better resonate with its revised business objects and long-term strategic vision. The withdrawal follows the Ministry of Corporate Affairs' earlier approval of the proposed name via a Reserve Unique Name (RUN) application.

Alteration of Business Objects

The revised Main Object Clause omits the existing authorization for manufacturing oral and dental care products. Instead, it retains the textile and hosiery business and incorporates enabling objects for three new business verticals.

Business Vertical	Proposed Activities
Textile and Garment Business	Manufacturing, processing, weaving, knitting, trading, importing, exporting, supplying and dealing in socks, hosiery products, garments, apparel, textiles, yarn, fabrics and allied products.
Investment and Management Services Business	Acquiring, subscribing, investing in, holding, managing, selling, transferring and dealing in shares, stocks, debentures, bonds and securities. Includes operating as an investment and holding company and providing managerial, administrative, technical and financial support services to subsidiaries and group entities.
Real Estate, Infrastructure and Construction Materials Business	Real estate development, construction, infrastructure development, property acquisition, management and leasing. Includes manufacturing, processing, trading and dealing in construction materials and building products.

Adoption of New Memorandum of Association

The board approved the adoption of a new MOA, subject to shareholder approval, to replace the existing document framed under the Companies Act, 1956. The new MOA re-aligns the Object Clause with the Companies Act, 2013 and categorizes objects into Clause III(A) for principal activities and Clause III(B) for ancillary matters. The "Other Objects" clause has been removed as permitted activities under this clause are no longer valid under the current legislation.

The company stated that the revised ancillary objects are enabling in nature and designed to support the revised main objects. The draft MOA has been placed on the company's website. The meeting commenced at 04.00 PM and concluded at 04.28 PM on June 24, 2026.