Kiaasa Retail Limited Reports Strong FY2026 Results; PAT Grows 24% YoY to ₹11.17 Crore; EBITDA Surges 46% with 432 bps Margin Expansion

VMPL
Ghaziabad (Uttar Pradesh) [India], May 19: Kiaasa Retail Limited (BSE: 544711), a leading women's ethnic wear retail brand operating across 124+ stores and 70+ cities pan-India, today announced financial results for the year ended 31 March 2026. The Company has delivered robust full-year performance, marked by strong revenue growth, significant margin expansion, and an accelerating store network.
Key Performance Highlights
* Revenue from Operations: ₹134.63 crore in FY26, up ~10.7% YoY from ₹121.63 crore in FY25, reflecting consistent top-line growth across both halves.
* EBITDA: ₹24.00 crore in FY26 vs. ₹16.44 crore in FY25 - a surge of ~46% YoY, with EBITDA margin expanding to 17.8% in FY26 from 13.5% in FY25, an improvement of ~432 bps.
* Net Profit (PAT): ₹11.17 crore in FY26 vs. ₹9.01 crore in FY25 - growth of ~24% YoY, with PAT margin expanding to 8.3% from 7.4%.
* H2 FY26 Revenue Momentum: Second-half revenue of ₹76.71 crore represents a ~32% growth over H1 FY26 (₹57.92 crore), reflecting strong festive season performance and store network scale-up.
* EPS: ₹8.43 per share in FY26 vs. ₹7.47 per share in FY25.

Management Commentary
"FY26 has been a defining year for Kiaasa. We crossed the ₹134 crore revenue mark, delivered a 24% jump in net profit, and executed a successful IPO - all while meaningfully expanding our store network to over 124+ stores across 70+ cities. The strong second-half revenue momentum, with H2 delivering ₹76.71 crore, demonstrates the pull of our brand during the key festive and wedding season. Our EBITDA margin expansion of over 432 basis points to 17.8% reflects the operating leverage inherent in our business model. The IPO proceeds have given us the capital firepower to accelerate our next phase of growth, and we remain focused on deepening our presence in existing markets while entering new geographies. We are grateful to our investors, customers, and team members for making this milestone possible."
-- Mr. Om Prakash, Managing Director, Kiaasa Retail Limited
Strategic & Operational Updatec & Operational Update
Store Network Expansion: Kiaasa now operates 124+ stores across 70+ cities pan-India, offering a wide range of apparel designed (presently) exclusively for women. The Company operates in the retail business in readymade garments as its single segment, with a scalable store rollout model.
IPO and Capital Structure: The Company completed its Initial Public Offering on the BSE SME platform on 2nd March 2026, raising ₹69.72 crore through the issuance of 54,91,000 equity shares at ₹127 per share. The IPO was accompanied by the Company's conversion into a Public Limited Company, renamed from Kiaasa Retail Private Limited to Kiaasa Retail Limited.
Working Capital Ramp-Up: Inventories amounted to ₹117.48 crore as at 31 March 2026, supporting the store network scale-up and seasonal merchandise positioning for the festive and wedding season.
About Kiaasa Retail Limited
Kiaasa Retail Limited (BSE: 544711) is a women's ethnic wear retail brand operating 124+ stores across 70+ cities pan-India. The Company offers a wide range of apparel, fast fashion designed exclusively for women, with a focus on the fast-growing readymade garments and ethnic fashion segment. Acquired in March 2021 and headquartered in Ghaziabad, Uttar Pradesh, Kiaasa listed on the BSE SME platform in March 2026. For more information, visit www.kiaasa.com.
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Disclaimer
This document contains forward-looking statements, which are not historical facts and are subject to risks and uncertainties such as government actions, local developments, and technological risks. The Company is not responsible for any actions taken based on these statements and does not commit to publicly updating them to reflect future events or circumstances.
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