MDL Marvel Decor Q2 FY26 results (Jul–Sep 2025) and concall
Marvel Decor Ltd reported H1 FY26 consolidated revenue of ₹37 crores, driven by strong growth in its project business which reached ₹11 crores. The company made strategic investments in new partnerships with Lutron, Livspace, and a US design & build firm, alongside international expansion into the US market. However, these investments in hiring and marketing led to margin compression and increased receivables in the first half, with management expecting improvements in H2.
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What they filed
Q2 FY26: revenue up 46.2%, net profit up 12.1% against the same quarter last year.
| Line item | Q2 FY23 | Q4 FY23 | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 |
|---|---|---|---|---|---|---|---|
| Revenue | 14 | 14 | 14 | 15 | 17 +24% | 16 +13% | 20 +46% |
| EBITDA | 0 | 2 | 2 | 2 | 2 +1321% | 1 −32% | 1 −51% |
| Net profit | 1 | 0 | 1 | 1 | 1 +18% | 0 −19% | 1 +12% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
