Mangalam Global Enterprise delivered strong financial performance in Q3, showcasing significant growth across key operational metrics. The company demonstrated robust profitability and revenue expansion compared to the corresponding period in the previous year.

Financial Performance Highlights

The company's Q3 results reflect substantial improvement in both top-line and bottom-line performance. Net profit for the quarter reached ₹85.00 million, representing a notable increase from ₹59.00 million in the same period last year. Revenue performance was equally impressive, with the company achieving ₹7.60 billion in Q3 compared to ₹5.00 billion in the previous year.

Growth Analysis

The year-on-year comparison reveals strong operational momentum for Mangalam Global Enterprise. The 44% increase in net profit demonstrates improved profitability margins and effective cost management strategies. Meanwhile, the 52% revenue growth indicates successful market expansion and increased business volume during the quarter.

Performance Summary

Mangalam Global Enterprise's Q3 results highlight the company's ability to deliver consistent growth while maintaining profitability. The substantial increases in both revenue and net profit reflect positive business fundamentals and operational effectiveness during the reporting period.

Mangalam Global Enterprise Limited has announced an ambitious retail expansion strategy, planning to open 100 new stores under its wellness brand "NEAT EVERYDAY" by March 2028. The company made this disclosure to stock exchanges on January 13, 2025, under Regulation 30 of SEBI listing requirements.

Expansion Strategy Details

The comprehensive retail expansion plan encompasses the following key parameters:

Market Performance and Consumer Response

The company highlighted strong fundamentals supporting this expansion decision. The NEAT EVERYDAY product range has been demonstrating robust market acceptance with positive consumer response across existing touchpoints. This favorable market reception has provided the confidence for such a significant retail footprint expansion.

The wellness brand's performance indicates growing consumer demand for the company's wellness product portfolio, positioning it well for scaled retail operations.

Financial Impact and Earnings Outlook

Mangalam Global Enterprise emphasized the financial benefits expected from this expansion:

• Earnings Accretive Growth: Each incremental sale is expected to contribute positively to earnings
• Higher Margin Products: The NEAT EVERYDAY wellness products are associated with superior margins
• Revenue Diversification: Expanded retail presence will strengthen the company's revenue base

The company's focus on higher-margin wellness products through dedicated retail stores represents a strategic shift toward more profitable business segments.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company formally notified both NSE and BSE about this material development, ensuring transparency with stakeholders and regulatory authorities.

This expansion plan reflects Mangalam Global Enterprise's commitment to strengthening its wellness segment through dedicated retail infrastructure, leveraging the positive market response to build a substantial nationwide presence in the wellness retail space.