Kaya Limited , a leading player in the skin and hair care industry, has reported its financial results for the second quarter of fiscal year 2026, revealing a mixed performance with revenue growth accompanied by an increased net loss.

Revenue Growth Amid Challenges

For the quarter ended September 30, 2025, Kaya Limited registered a consolidated revenue from operations of ₹538.50 crore, marking a modest increase from ₹525.20 crore in the corresponding quarter of the previous year. This 2.5% year-over-year growth indicates the company's ability to maintain its market presence despite challenging economic conditions.

Widening Net Loss

Despite the revenue growth, Kaya reported a consolidated net loss of ₹187.60 crore for Q2 FY26, compared to a loss of ₹156.70 crore in the same period last year. This represents a 19.7% increase in net loss, highlighting the ongoing financial pressures faced by the company.

Operational Highlights

Kaya's clinic business showed resilience, registering a 5% growth in revenue over Q2 FY25. The company's focus on key service categories yielded positive results:

• Acne & Scars services, aided by new service technology, witnessed a significant growth of 39% over Q2 FY25.
• Haircare services, supported by advanced diagnostic tools and enhanced customer journey, grew by 14%.
• Anti-Ageing services demonstrated strong growth of 11%.

The product business also performed well, registering an 18% growth over Q2 FY25, driven primarily by categories such as Nutraceutical, Anti-Ageing, and Sun Care.

Customer Satisfaction and Expansion

Kaya's commitment to customer experience was reflected in its Net Promoter Score (NPS), which touched 91 in Q2 FY26. The company also expanded its presence, launching two new clinics in Hyderabad during the quarter, both receiving high Google ratings.

Financial Position and Capital Infusion

The company's balance sheet as of September 30, 2025, showed total assets of ₹3,082.58 crore. However, Kaya faces challenges with a negative net worth and working capital position. The management remains optimistic about meeting future obligations, citing financial support from the promoter group and available funds.

To strengthen its financial position, Kaya raised ₹750 crore through a preferential issue of equity shares to Axana Estates LLP in August 2025. This capital infusion is earmarked for strategic expansion initiatives, including new clinics, relocation and renovation of existing clinics, and investment in new machines.

Conclusion

While Kaya Limited demonstrates growth in key operational areas and maintains customer satisfaction, the widening net loss presents ongoing challenges. The company's focus on expansion and strategic investments, supported by recent capital infusion, may play a crucial role in its efforts to improve its financial performance in the coming quarters.

Investors and stakeholders will be closely watching Kaya's performance in the subsequent quarters to assess the impact of these strategic initiatives on the company's financial health and market position.

Kaya Limited , a leading skincare and wellness company, has announced the completion of an income tax survey conducted at its head office and one of its clinics in India. The company has stated that it fully cooperated with the authorities during the process.

Survey Details

The income tax survey, carried out under Section 133A of the Income Tax Act, 1961, was conducted by the Income Tax Department at Kaya's head office and one of its clinic locations. This action follows an earlier intimation by the company regarding the commencement of the survey.

Company's Response

In a regulatory filing to the stock exchanges, Kaya Limited confirmed that the survey action has been concluded. Nitika Dalmia, Company Secretary & Compliance Officer of Kaya Limited, stated, "The said action has been completed and the Company extended its full co-operation on the matter."

No Material Impact

The company has emphasized that there are no further material updates that require disclosure under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This suggests that the survey has not resulted in any significant findings or immediate consequences for the company.

About Kaya Limited

Kaya Limited, with its registered office in Mumbai, is a well-known player in the skincare and wellness industry. The company operates a network of clinics offering various beauty and skincare services. Kaya's commitment to transparency is evident in its prompt disclosure of the income tax survey to its shareholders and the public.

Investors and stakeholders of Kaya Limited can take note that the company has complied with the regulatory requirements by providing timely updates on this matter. As of now, the company indicates that no further action is required following the completion of the income tax survey.