Q1 FY27 — 29 Sept 2026
PERNIASPOP Q2 FY27
This is Purple Style Labs' first earnings call since listing. It covers Q1 FY27 (quarter ended June 30, 2026), not Q2 FY27. GMV rose 45% to INR193 crores and AOV reached INR86,000, helped by four large-format experience centres opened in FY26 (Fort and Linking Road in Mumbai, South Ex in Delhi, Madison Avenue in New York), while gross margin held at 36%. The higher fixed costs pushed EBITDA to -INR11 crores, and borrowings rose to INR436 crores even though inventory and working capital fell sharply. Management says the Q1 cost base is now largely fixed with no major expansion planned, so profitability depends on whether gross profit can grow from INR43 crores to the roughly INR55 crore quarterly level needed for EBITDA breakeven.
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