PURPLEUTED
Purple United financials
- Market cap
- ₹433 Cr
- Sector
- Textiles
- Calls analysed
- 3
Purple United Q4 FY26
What went well
- Revenue for FY26 reached ₹170 crores, marking a 65% growth from ₹103 crores in FY25.
- EBITDA for FY26 increased by 76% to ₹36.58 crores from ₹20.73 crores in FY25.
- PAT for FY26 stood at ₹15 crores, demonstrating strong profitability.
What to watch
- The analyst raised a concern about inventory days, initially citing 389 days, though management clarified it was 156 days in March 2026.
- Debtor days, while reduced to 128 days in FY26, were still noted as triple-digit, prompting management to outline a strategy to bring them down to 3 months for offline business.
Guidance record · Q4 FY26
what the last two calls moved 15 tracked 2 delivered 5 missed 8 open- Total Retail Store Count delivered said Q4 FY25 Promised: 100 stores by FY26 Q4 FY26: Successfully expanded to 111 stores by April 30, 2026, exceeding the target of 100 stores for FY26.
- Retail Revenue Contribution missed said Q4 FY25 Promised: 45% should come from the retail Q4 FY26: Achieved 40% retail contribution to revenue in FY26, missing both the original 45% target and the revised 50% guidance.
- Annual Revenue Growth open said Q4 FY26 Promised: Double revenue year-on-year for the next two years (FY27 & FY28) Q4 FY26: Management guided for 100% YoY revenue growth for the next two fiscal years.
All 15 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
| Line item | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|
| Revenue | 30 | 73 | 61 | 110 |
| EBITDA | 7 | 14 | 13 | 23 |
| Net profit | 3 | 7 | 5 | 10 |
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.
Performance −3.3% 1Y
1Y: ₹465.5 on 10 Sept 2025 → ₹450.15. High ₹587.95 (29 Oct 2025), low ₹244.65 (30 Mar 2026).
How the price took the results
close before → close after
- Q4 FY26
- −3.5%
- 15 May
- Q2 FY26
- −9.7%
- 21 Jan
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹1 Cr | ₹6 Cr | ₹6 Cr | ₹7 Cr | ₹10 Cr | ₹10 Cr |
| Reserves | ₹-3 Cr | ₹1 Cr | ₹4 Cr | ₹11 Cr | ₹56 Cr | ₹66 Cr |
| Borrowings | ₹17 Cr | ₹11 Cr | ₹12 Cr | ₹26 Cr | ₹56 Cr | ₹97 Cr |
| Other liabilities | ₹3 Cr | ₹6 Cr | ₹10 Cr | ₹6 Cr | ₹40 Cr | ₹59 Cr |
| Total liabilities | ₹18 Cr | ₹23 Cr | ₹33 Cr | ₹49 Cr | ₹162 Cr | ₹232 Cr |
| Fixed assets | ₹1 Cr | ₹1 Cr | ₹4 Cr | ₹5 Cr | ₹24 Cr | ₹32 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹17 Cr | ₹22 Cr | ₹28 Cr | ₹44 Cr | ₹138 Cr | ₹200 Cr |
| Total assets | ₹18 Cr | ₹23 Cr | ₹33 Cr | ₹49 Cr | ₹162 Cr | ₹232 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Mar 2026
Since Mar 2025, DIIs trimmed −1.78 pp while the public added +1.78 pp. The shareholder count grew 34% to 1,153.
- Promoters
- 63.8%
- Public
- 36.2%
Since Mar 2025
- DIIs −1.78 pp
- Public +1.78 pp
- Promoters 0.00 pp
How it drifted, 4 quarters
Over this window the public went from 28.7% to 36.2% — +7.5 pp.
Ownership split by quarter, oldest first. Dec '24: Promoters 63.8%, FIIs 5.5%, DIIs 2.0%, Public 28.7%.Mar '25: Promoters 63.8%, DIIs 1.8%, Public 34.4%.Sep '25: Promoters 63.8%, Public 36.2%.Mar '26: Promoters 63.8%, Public 36.2%.
Who bought this quarter
since Sep 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Lalit Rai +0.15 pp 1.17% held
The same filing shows 1 holder trimming and 2 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of Purple United above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| Jatinder Dev Seth | 41.62% | unchanged |
| InnovationM Mobile And Web Technologies Private Limited | 11.79% | unchanged |
| Bhawna Seth | 10.41% | unchanged |
| Lalit Rai | 1.17% | +0.15 pp |
| Geetika Raj | 1.14% | −0.28 pp |
| Mukesh Sharma | 1.13% | unchanged |
| Vansha Comtrade LLP | 1.04% | unchanged |
| Mansi Jain | 1.04% | unchanged |
| Saroj Seth | 0.00% | unchanged |
| Baldev Raj Seth | 0.00% | unchanged |
| Ipsa Phutela | 0.00% | unchanged |
| Neetu Dhingra | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
All earnings calls (3)
Read the Q4 FY26 call →Learn to analyse Purple United
Guides on how to read this kind of business and the numbers that matter.