Shine Fashions , a leading manufacturer and supplier of premium interlining products for the apparel and textile sectors, has reported impressive financial results for the first half of fiscal year 2026. The company's performance showcases robust growth across key financial metrics.

Financial Highlights

Shine Fashions has demonstrated strong financial performance in the first half of FY26, with significant year-over-year growth across all key financial indicators. The company's consolidated revenue increased by 27.97% to ₹43.83 crore, up from ₹34.25 crore in the same period last year. This growth in revenue was accompanied by an even more impressive surge in profitability.

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) saw a substantial increase of 59%, reaching ₹7.02 crore compared to ₹4.42 crore in H1 FY25. This growth in EBITDA outpacing revenue growth suggests improved operational efficiency and cost management.

Most notably, Shine Fashions reported a 53% jump in Profit After Tax (PAT), which stood at ₹5.03 crore for H1 FY26, up from ₹3.29 crore in the corresponding period of the previous fiscal year. This significant increase in profitability underscores the company's ability to translate revenue growth into bottom-line results effectively.

Company Overview

Shine Fashions has established itself as a trusted name in the interlining products industry. The company's product portfolio includes a wide range of interlining fabrics such as non-woven, woven fusible, microdot fusible, water-jet, circular, and specialized waistband interlinings. These products cater to various garment applications, including shirts, trousers, suits, and ethnic wear for both men and women.

Since its inception, Shine Fashions has been advancing its capabilities, transitioning from trading to advanced in-house manufacturing. The company's commitment to quality and sustainability is evident through its ISO 9001, ISO 14001, and ISO 15001 certifications.

Future Outlook

With a pan-India presence and an expanding global footprint, Shine Fashions continues to focus on scale, diversification, and innovation. The company's strategic priorities include:

1. Capacity expansion
2. Technological automation
3. Deeper global market penetration

These initiatives are expected to support the company's growth trajectory and market position in the coming years.

The strong financial performance in H1 FY26 positions Shine Fashions favorably in the competitive textile solutions market. As the company continues to execute its growth strategies, investors and industry observers will be watching closely to see if this momentum can be sustained in the second half of the fiscal year and beyond.

Shine Fashions (India) Limited, a textile trading company, has reported a significant increase in profit for the half-year ended September 30, 2025. The company's unaudited standalone financial results, approved by the board on November 14, 2025, reveal a 59.8% increase in profit before tax compared to the same period last year.

Key Financial Highlights

The company reported a 28.1% increase in revenue from operations, rising from Rs. 336.75 crore to Rs. 431.35 crore, accompanied by a significant improvement in profitability.

Expense Analysis

Shine Fashions' total expenses for the half-year ended September 30, 2025, stood at Rs. 364.83 crore, compared to Rs. 294.92 crore in the same period last year, marking a 23.7% increase. Notable changes in expenses include:

• Purchase of stock-in-trade increased by 40.3% to Rs. 435.78 crore
• Employee benefits expense rose by 63.7% to Rs. 5.22 crore
• Finance costs surged by 2166.3% to Rs. 2.79 crore

Balance Sheet Overview

As of September 30, 2025, Shine Fashions reported:

• Total assets of Rs. 679.45 crore, up from Rs. 577.59 crore on March 31, 2025
• Shareholder's funds increased to Rs. 295.83 crore from Rs. 231.96 crore
• Current liabilities rose to Rs. 383.60 crore from Rs. 345.62 crore

Cash Flow and Liquidity

The company's cash and cash equivalents decreased from Rs. 129.44 crore at the beginning of the period to Rs. 68.71 crore by September 30, 2025. This reduction is primarily attributed to:

• Net cash used in operating activities: Rs. 94.81 crore
• Net cash from financing activities: Rs. 33.72 crore

Management Commentary

Anish Anil Mehta, Managing Director of Shine Fashions (India) Limited, stated in the company's filing, "The Board at its meeting held today i.e. Friday, November 14, 2025, inter alia, considered and approved the Un-audited Standalone & Consolidated Financial Results for the half year ended September 30, 2025, along with Limited Review Report thereon."

Auditor's Review

Gada Chheda & Co LLP, the company's statutory auditors, conducted a limited review of the financial results. They reported that nothing has come to their attention that causes them to believe that the financial statements are not prepared in accordance with applicable accounting standards and other recognized accounting practices and policies.

Outlook

Shine Fashions has demonstrated strong revenue growth and significant improvement in profitability. However, the substantial increase in expenses, particularly in finance costs and stock purchases, warrants attention. The company's ability to maintain this growth while managing its costs and working capital will be crucial for its future performance.

The company continues to operate in a single segment, focusing on the import and trading of various types of fabrics and textile raw materials. As the textile industry faces ongoing challenges, Shine Fashions' ability to adapt to market conditions will be important for sustaining its positive performance.