Zodiac Clothing narrowed its net loss to ₹31.16 crore for the financial year ended March 31, 2026, from a net loss of ₹40.31 crore in the previous year. Revenue from operations for the year stood at ₹1,601.22 crore, a decrease from ₹1,729.15 crore in FY25. The Board of Directors approved the audited standalone and consolidated financial results at its meeting held on May 28, 2026.

Financial Performance

For the quarter ended March 31, 2026, the company reported a net loss of ₹4.20 crore, narrower than the net loss of ₹7.64 crore in the same quarter of the previous year. Revenue from operations for the quarter was ₹443.32 crore, down from ₹473.90 crore in Q4FY25. Total income for the quarter stood at ₹485.62 crore.

Consolidated Results

On a consolidated basis, the company reported a net loss of ₹35.04 crore for FY26, compared to a net loss of ₹37.20 crore in the previous year. Consolidated revenue from operations for the year was ₹1,635.20 crore, down from ₹1,744.04 crore in FY25. For the quarter ended March 31, 2026, the consolidated net loss was ₹5.27 crore on a revenue of ₹446.29 crore.

Regulatory Disclosures

The statutory auditors, MSK A & Associates LLP, issued an unmodified opinion on the standalone and consolidated financial results. The company also provided a Statement of Deviation regarding funds raised via preferential issues on January 16, 2026, amounting to ₹14.99 crore. The Audit Committee reviewed the statement and confirmed there was no deviation in the utilization of funds against the stated objects. The trading window, which was closed prior to the board meeting, will reopen 48 hours after its conclusion.

Zodiac clothing has announced the assignment of CRISIL BB/Stable rating for its bank facilities worth Rs. 53 crore. The company disclosed this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, following receipt of the rating letter from CRISIL Ratings Ltd.

Rating Assignment Details

CRISIL Ratings Ltd. communicated the rating assignment through its letter dated April 2, 2026, which was received by Zodiac Clothing Company Limited on April 10, 2026. The rating covers the company's total bank loan facilities and reflects CRISIL's assessment of the company's creditworthiness.

Bank-wise Facility Distribution

The rated facilities are distributed across multiple banking partners, demonstrating the company's diversified funding approach. The breakdown includes both existing facilities and proposed limits across four major banks.

Rating Surveillance and Validity

CRISIL Ratings maintains continuous surveillance and review of all assigned ratings. The rating agency reserves the right to withdraw or revise ratings based on new information or changing circumstances that may impact the assessment. The current rating letter will remain valid until March 31, 2027, after which a new rating letter dated later than this date will be required.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Kumar Iyer, Company Secretary of Zodiac Clothing Company Limited, signed the regulatory filing on April 10, 2026. The rating letter from CRISIL was attached as supporting documentation for the stock exchange filing.