Sreeleathers Q1 FY27 Revenue Surges 19.7% to ₹59.63 Cr, PAT Jumps 138.2%
Sreeleathers Limited reported a 19.7% increase in Q1 FY27 revenue to ₹59.63 crore and a 138.2% jump in PAT to ₹6.99 crore. Gross margins improved to 26%, and Operating EBITDA doubled. The company appointed Mr. Soham Dey as Whole-time Director and Mr. Bhaskar Chatterjee as Independent Director.
Significant percentage increases in key financial metrics like revenue and PAT, along with positive operational updates and strategic initiatives, indicate a high impact on the company's performance and investor outlook.
The company reported strong year-on-year growth in revenue, profit before tax, profit after tax, and earnings per share. Margin recovery and operational efficiency improvements also contribute to a positive sentiment.
Sreeleathers Limited announced its unaudited financial results for the first quarter of FY 2026-27, ending June 30, 2026. The company reported a significant increase in revenue from operations, which grew by 19.7% to ₹59.63 crore compared to ₹49.80 crore in the corresponding quarter of the previous fiscal year (Q1 FY26).
Profitability also saw substantial improvement. Profit before tax surged by 131.7% to ₹9.28 crore from ₹4.01 crore in Q1 FY26. Consequently, profit after tax (PAT) rose by 138.2% to ₹6.99 crore, up from ₹2.93 crore in the prior year's quarter. Earnings per share (EPS) mirrored this growth, increasing by 138.2% to ₹3.02 from ₹1.27 in Q1 FY26.
The company highlighted a strong margin recovery, with gross margin reaching approximately 26%, an improvement from 17.8% in Q1 FY26. Operating EBITDA more than doubled, increasing by 124.3% to ₹8.90 crore on the back of a 19.7% revenue increase.
On a four-year basis (TTM to June 2026 vs. TTM to June 2022), revenue has grown by 67.1% to ₹257.93 crore, with PAT increasing by 56.0% to ₹32.80 crore and EPS by 56.0% to ₹14.17. The company continues to maintain an effectively debt-free balance sheet, with finance costs at a minimal 0.16% of revenue.
Operationally, Sreeleathers has fully integrated a Microsoft ERP platform to enhance cost management. The product mix shows accessories becoming top performers, now holding 57% of the top-selling categories by volume in FY26, up from 43% in FY25. The share of accessories in total revenue has also increased to 33.8% in Q1 FY27.
The online channel is a growing, higher-value segment, with revenue experiencing a 4-year CAGR of 103.3% and units sold seeing a 76.7% CAGR. Revenue per unit online is 45% higher than the company-wide average. New categories like trolleys and briefcases have scaled significantly online.
The franchised network has expanded, with total franchise revenue and units growing by 19.6% and 19.2% respectively in FY25-26. The active network has grown by 36.0% from April 2024 to August 2026. Footfall in company-owned stores has increased, and management estimates the September quarter (Q2 FY27) to be approximately 45% higher than the June quarter (Q1 FY27).
Sreeleathers Limited also announced the appointment of two directors: Mr. Soham Dey as Whole-time Director and Mr. Bhaskar Chatterjee as Independent Director.
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