Kusumgar Q1 FY27 Revenue Surges 102% YoY to ₹247 Crore, EBITDA Margin Expands to 31.1%
Kusumgar's Q1 FY27 revenue surged 102% YoY to ₹247.2 crore. EBITDA margin expanded to 31.1% from 22.0% YoY, driven by a richer product mix. The company is focused on de-risking revenue and building medium-term resilience. Profit After Tax was ₹42.6 crore.
The substantial YoY revenue growth and margin expansion are material positive developments for the company, likely to be viewed favorably by investors.
The company reported significant year-on-year growth in revenue and a substantial expansion in EBITDA margin, indicating strong operational performance and strategic execution.
Kusumgar Limited announced its unaudited financial results for the quarter ended June 30, 2026 (Q1 FY27), showcasing significant year-on-year growth. Revenue from operations increased by 102% to ₹2,472 million (₹247.2 crore) compared to ₹1,225 million in Q1 FY26. This surge was primarily driven by the execution ramp-up on finished parachutes contracts.
Sequentially, revenue declined by 21% to ₹2,472 million from ₹3,128 million in Q4 FY26. This decrease is attributed to higher export shipments in the previous quarter following the resolution of Trump tariffs, which represented a one-off catch-up. The company expects quarterly revenue to normalize progressively.
The company's EBITDA margin saw a substantial expansion, rising by approximately 910 basis points to 31.1% in Q1 FY27 from 22.0% in Q1 FY26. This improvement is due to a richer, higher-margin product mix. However, the EBITDA margin moderated from 41.1% in Q4 FY26 due to lower operating leverage as revenue normalized from an elevated base.
Kusumgar highlighted its strengthening new product development pipeline, with a funnel expanding across products, segments, and geographies. The company is deliberately pursuing a strategy to de-risk revenue concentration and build medium-term resilience. Continued focus remains on enhancing technical capabilities and human resources to drive long-term growth.
Financially, for Q1 FY27, Total Income stood at ₹2,486 million, with EBITDA at ₹759 million. Profit Before Tax was ₹578 million, and Profit After Tax (PAT) was ₹426 million. The PAT margin was 17.24%.
The company's core expertise lies in engineered fabrics and solutions, particularly in polyamides, polyester filaments, and polyurethane chemistry. Its majority business comes from the aerospace and defence segment, with diversification into automotive and activewear. Kusumgar offers products such as parachute fabrics, tactical clothing, and specialty gear, as well as cargo drop parachutes and tactical assault parachute systems. The company also provides customized solutions for the industrial, automotive, and outdoor segments.
Kusumgar operates six vertically integrated manufacturing facilities in India, covering preparatory, weaving, processing, coating, lamination, and fabrication. The company has a total workforce of 2,077 employees.
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