TCC Concept Limited announced robust financial results for Q3FY26, demonstrating exceptional growth across key performance metrics. The company's Board of Directors approved the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025, during their meeting held on February 13, 2026. The board meeting commenced at 6:00 P.M. (IST) and concluded at 7:30 P.M. (IST).

Standalone Financial Performance

The company delivered outstanding standalone results for Q3FY26, showcasing significant improvement across all major financial parameters.

For the nine-month period ended December 31, 2025, standalone revenue from operations reached ₹4,302.30 lakhs compared to ₹1,385.81 lakhs in the corresponding period last year, representing a growth of 210.5%. Net profit for the nine-month period stood at ₹2,851.60 lakhs versus ₹655.16 lakhs in the previous year, marking a substantial increase of 335.2%.

Consolidated Financial Results

The consolidated performance reflected the company's expanded business operations and recent acquisitions.

On a consolidated basis for the nine-month period, revenue from operations increased to ₹9,552.05 lakhs from ₹5,101.57 lakhs in the previous year, while net profit after tax grew to ₹3,384.75 lakhs compared to ₹2,504.86 lakhs.

Strategic Acquisition and Business Expansion

During Q3FY26, TCC Concept completed a major strategic acquisition by acquiring 98.98% stake in Pepperfry Limited for ₹661.47 crore through a share swap arrangement and secondary purchase. As consideration for this acquisition, the company issued and allotted 1,18,55,553 equity shares.

This acquisition resulted in Pepcart Logistics Private Limited, Clouddio Sleep Private Limited, and Pepperfry Modular Private Limited becoming step-down subsidiaries of TCC Concept. Additionally, the company acquired 100% equity share capital of Pepcart Logistics Private Limited on December 31, 2025, making it a direct wholly-owned subsidiary.

Segment Performance Analysis

The consolidated segment information reveals diversified revenue streams across three primary business segments:

Employee Stock Options and Capital Structure

During the quarter, TCC Concept granted 27,50,607 employee stock options to eligible employees, with each option convertible into one equity share of the company. The paid-up equity share capital increased to ₹4,752.81 lakhs as of December 31, 2025, from ₹3,567.25 lakhs in the corresponding quarter of the previous year, reflecting the impact of the Pepperfry acquisition.

Regulatory Compliance and Audit

The financial results were reviewed and recommended by the Audit Committee and approved by the Board of Directors. The statutory auditors M/s Mehra Goel & Co. conducted a limited review of the results and issued an unqualified review report. The results comply with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

TCC Concept Limited has successfully completed the acquisition of Pepcart Logistics Private Limited for ₹7.5 crores, as disclosed in its regulatory filing dated December 31, 2025. The transaction converts Pepcart from a step-down subsidiary to a wholly-owned subsidiary of TCC Concept Limited.

Acquisition Details

The acquisition encompasses the complete equity shareholding of Pepcart Logistics, involving 8,21,24,998 equity shares representing 100% of the company's equity share capital. The transaction was executed through cash consideration and completed on an arm's length basis.

About Pepcart Logistics

Pepcart Logistics Private Limited, incorporated on April 29, 2016, operates in the logistics and supply chain services sector. The company provides integrated logistics solutions including transportation, warehousing, distribution, supply chain management, freight forwarding, and allied services covering handling, storage, and movement of goods.

As a wholly-owned subsidiary of Pepperfry Limited, Pepcart operates within the group ecosystem, focusing on comprehensive logistics operations across India.

Financial Performance

Pepcart Logistics has demonstrated consistent revenue generation over the past three financial years:

Strategic Impact

The acquisition represents a strategic move to simplify the group structure and enhance operational control. Since Pepcart was previously a step-down subsidiary, this transaction eliminates intermediate ownership layers, providing TCC Concept Limited with direct control over the logistics operations.

The company confirmed that no governmental or regulatory approvals were required for this acquisition, and none of the promoters, promoter group, or group companies have any additional interest in Pepcart beyond the disclosed acquisition structure.