RattanIndia Enterprises Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, revealing significant losses primarily attributed to fair value changes in its investment portfolio. The company's Board of Directors approved these results at their meeting held on February 12, 2026.

Consolidated Financial Performance

The company's consolidated financial performance for Q3FY26 shows substantial losses driven by investment valuation adjustments:

For the nine-month period ended December 31, 2025, the company reported a consolidated net loss of ₹562.47 million compared to a profit of ₹4,392.23 million in the corresponding period of the previous year.

Investment Portfolio Impact

The primary driver of the company's losses was an unrealized loss of ₹1,893.85 million on its investment in RattanIndia Power Limited equity shares, arising from movements in quoted market prices. This represents a significant fair value adjustment under Ind AS 109 accounting standards.

Segment-wise Performance

The company's business segments showed mixed performance during the quarter:

Retail E-commerce Business: Generated revenue of ₹19,767.28 million with segment results of ₹522.82 million, showing improved profitability compared to ₹271.23 million in Q3FY25.

EV (E-Motorcycles): Reported revenue of ₹269.79 million but recorded a segment loss of ₹116.84 million, reflecting ongoing challenges in the electric vehicle segment.

Investment Segment: Recorded a significant loss of ₹1,893.85 million due to fair value adjustments on investment holdings.

Standalone Results

On a standalone basis, RattanIndia Enterprises reported a net loss of ₹1,704.23 million for Q3FY26 compared to ₹1,582.29 million in Q3FY25. The standalone results also reflect the impact of fair value changes in investment valuations.

Corporate Developments

During the quarter, the company incorporated a new step-down subsidiary, Neorise Global Trading L.L.C-S.O.C, in mainland Dubai to pursue e-commerce activities in the Middle East region. The subsidiary has entered into an agreement with 'Noon', a leading Gulf region e-commerce platform.

The company also granted 5,400,000 stock options under the RattanIndia Enterprises Limited Employees Stock Option Plan 2022 to eligible employees during the quarter.

Regulatory and Legal Updates

The company successfully defended against Canara Bank's application under the Insolvency and Bankruptcy Code, with the NCLT disposing of the application in the company's favor on December 09, 2025. However, Canara Bank has filed an appeal with NCLAT, which remains pending.

RattanIndia Enterprises continues to operate as an "Unregistered Core Investment Company" focusing on technology-driven new-age businesses including retail e-commerce, electric vehicles, fintech, and drones through its subsidiary companies.

Rattan India Enterprises Limited has announced the launch of Cocoblu Global Retail in the United Arab Emirates, marking a significant expansion into the Gulf region's digital retail market. The venture represents a strategic partnership with noon, the region's leading e-commerce platform, designed to capitalize on the rapidly growing digital commerce opportunities in the Gulf.

Strategic Partnership Framework

The partnership operates under a hybrid model that combines noon's robust marketplace operations with Cocoblu's deep sourcing capabilities. This collaboration enables Cocoblu Global Retail to access noon's established infrastructure and customer base across the Gulf region while maintaining operational flexibility within noon's retail and marketplace ecosystem.

Product Portfolio and Market Approach

Cocoblu Global Retail will offer a curated selection of products across multiple retail categories to Gulf region customers through the noon platform. The initial product assortment spans several key segments:

• Home and lifestyle products
• Toys and recreational items
• Sports and fitness equipment
• Electronics and technology products

The venture plans to continuously expand its product range as it builds depth and breadth across multiple retail segments, aligning with evolving market demands and consumer preferences in the region.

Market Opportunity and Strategic Vision

According to company projections, the Gulf region's e-commerce sector is expected to cross USD 50.00 billion within this decade, representing one of the world's most dynamic and fast-growing digital retail markets. Mrs. Anjali Rattan, Chairperson of Rattan India Enterprises Limited, emphasized the significance of this expansion: "The launch of Cocoblu Global Retail marks an important milestone in our global e-commerce journey. This expansion builds on Cocoblu's highly successful operations in India, where our marketplace-led retail model has scaled rapidly across categories and leading brands."

Technology and Infrastructure Advantages

The partnership leverages noon's comprehensive digital infrastructure, including platform technology, logistics capabilities, and extensive regional reach connecting brands with millions of consumers across the Gulf. Raman Kumar, CEO of core e-commerce at noon, highlighted the collaboration's strategic value: "Cocoblu Global Retail joining our platform reinforces noon's commitment to growing a vibrant, future-ready retail ecosystem."

Corporate Background and Market Position

Rattan India Enterprises Limited operates as the growth platform for Rattan India Group's new-age businesses, encompassing electric mobility through Revolt Motors, e-commerce via Cocoblu Retail, lifestyle brands under Neobrands, and drone technology through Neosky. The company holds a position in the Fortune India 500 list (436th in 2024) and maintains a market capitalization exceeding ₹7,000.00 crores.

The establishment of Cocoblu Global Retail reinforces the company's commitment to building next-generation digital ventures while strengthening trade and commercial linkages between India and the Gulf region. With its focus on retail excellence, supply-chain agility, and marketplace-driven growth, the venture positions itself to serve the evolving needs of Gulf region consumers while creating opportunities for brand expansion and market development.