RUPA

Rupa share price & financials

Price
₹160.76
Market cap
₹1.1k Cr
Sector
Textiles
Calls analysed
5
Latest concall · Q4 FY26 · call held 26 May 2026

Rupa & Co Q4 FY26

FY26 Revenue ₹1,259.1 cr +2%FY26 EBITDA ₹115.3 cr −12%FY26 EBITDA Margin 9.2% FY26 PAT ₹72.5 cr −13%

What went well

  • Q4 FY26 Revenue grew 6.3% YoY to INR441.5 crores, driven by 9% volume growth.
  • Q4 FY26 EBITDA increased by 19.8% YoY to INR55 crores, with margin expanding by 150 bps to 12.5%.
  • Athleisure segment showed strong momentum with 20% volume growth and 25% value growth in Q4 FY26, contributing to gross margin improvement.

What to watch

  • Full Year FY26 EBITDA declined by 11.6% YoY to INR115.3 crores, and PAT declined by 12.9% YoY to INR72.5 crores, reflecting competitive intensity and pricing pressures.
  • The industry continues to face intense price competition, and trade discount intensity remained elevated at around 12%.
Read the full call →

What Rupa & Co does

Rupa & Company manufactures, markets and distributes innerwear, thermal wear and casual/athleisure wear for men, women and kids, spanning economy to super-premium price tiers. Manufacturing is vertically integrated in-house across knitting, dyeing/bleaching and cutting at four plants in West Bengal, Tamil Nadu, Karnataka and the NCR, while the labour-intensive stitching step is outsourced to vendors to keep the asset and employee base light. The company sells under a portfolio of owned and licensed brands through a nationwide dealer-and-retail network, complemented by a growing modern trade, e-commerce and export presence.

Segments

  • Innerwear
  • Thermal Wear
  • Athleisure & Casualwear
Market position
#1 knitwear brand in India (company-stated)
Manufacturing facilities
4 plants — Domjur (West Bengal), Tirupur (Tamil Nadu), Bengaluru (Karnataka), Ghaziabad (NCR)
Finished goods production capacity
7,00,000+ pieces per day
Retail outlets
1,50,000+
Dealers
1,500+
SKUs
9,000+
Founded 1985Headquarters Kolkata, West Bengal Company website

Guidance record · Q4 FY26

what the last two calls moved 8 tracked 0 delivered 6 missed 2 open
  • FY26 Revenue Growth missed said Q4 FY25 Promised: 11% to 12% Q4 FY26: Final FY26 revenue growth was 1.6%.
  • FY27 Revenue Growth open said Q4 FY26 Promised: 10% to 12% Q4 FY26: We project revenue growth of 10% to 12% in financial year '27.

All 8 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 10.1%, net profit up 49.6% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue297 316 415 184 320 +8%314 −1%442 +6%202 +10%
EBITDA29 38 46 12 22 −22%26 −32%55 +20%16 +29%
Net profit18 24 31 6 15 −21%16 −32%36 +18%8 +50%
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 −33.2% 1Y

₹120₹140₹160₹180₹200Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 14 Nov 2025Q3 FY26 — 13 Feb 2026Q4 FY26 — 26 May 2026

1Y: ₹205.69 on 10 Sept 2025 → ₹137.48. High ₹209.52 (19 Sept 2025), low ₹110.68 (30 Mar 2026).

How the price took the results

close before → close after

Q4 FY26
+1.5%
26 May
Q3 FY26
−0.9%
13 Feb
Q2 FY26
−2.2%
15 Nov

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.

Financials, as filed

Revenue grew 3.3% a year over 3 years, FY23 to FY26. Operating margin widened to 9.2%.

Year endingFY23FY24FY25FY26
Revenue₹1.1k Cr₹1.2k Cr₹1.2k Cr₹1.3k Cr
Operating profit₹88 Cr₹117 Cr₹130 Cr₹115 Cr
Operating margin7.7%9.6%10.5%9.2%
Interest₹23 Cr₹21 Cr₹21 Cr₹20 Cr
Depreciation₹12 Cr₹15 Cr₹14 Cr₹15 Cr
Net profit₹54 Cr₹70 Cr₹83 Cr₹72 Cr
Net margin4.8%5.7%6.7%5.8%
Cash from operations₹185 Cr₹156 Cr₹59 Cr₹45 Cr
Free cash flow₹158 Cr₹146 Cr₹51 Cr₹37 Cr
ROCE8.0%10.0%11.0%10.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹8 Cr₹8 Cr₹8 Cr₹8 Cr₹8 Cr₹8 Cr
Reserves₹722 Cr₹874 Cr₹904 Cr₹950 Cr₹1.0k Cr₹1.1k Cr
Borrowings₹161 Cr₹370 Cr₹258 Cr₹235 Cr₹251 Cr₹258 Cr
Other liabilities₹265 Cr₹325 Cr₹218 Cr₹253 Cr₹245 Cr₹290 Cr
Total liabilities₹1.2k Cr₹1.6k Cr₹1.4k Cr₹1.4k Cr₹1.5k Cr₹1.6k Cr
Fixed assets₹193 Cr₹210 Cr₹233 Cr₹244 Cr₹240 Cr₹237 Cr
Capital work in progress₹19 Cr₹27 Cr₹21 Cr₹0 Cr₹2 Cr₹0 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹16 Cr₹16 Cr
Other assets₹944 Cr₹1.3k Cr₹1.1k Cr₹1.2k Cr₹1.3k Cr₹1.4k Cr
Total assets₹1.2k Cr₹1.6k Cr₹1.4k Cr₹1.4k Cr₹1.5k Cr₹1.6k 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 Jun 2026

Since Jun 2025, the public added +1.50 pp while FIIs trimmed −0.80 pp. The shareholder count shrank 1% to 60,378.

Promoters
73.3%
FIIs
0.1%
DIIs
3.5%
Public
23.1%

Since Jun 2025

  • Public +1.50 pp
  • FIIs −0.80 pp
  • DIIs −0.70 pp

How it drifted, 12 quarters

Over this window the public went from 21.9% to 23.1% — +1.2 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 73.3%, FIIs 0.6%, DIIs 4.2%, Public 21.9%.Dec '23: Promoters 73.3%, FIIs 0.6%, DIIs 4.2%, Public 21.9%.Mar '24: Promoters 73.3%, FIIs 0.9%, DIIs 4.2%, Public 21.6%.Jun '24: Promoters 73.3%, FIIs 1.3%, DIIs 4.2%, Public 21.2%.Sep '24: Promoters 73.3%, FIIs 1.1%, DIIs 4.2%, Public 21.4%.Dec '24: Promoters 73.3%, FIIs 1.2%, DIIs 4.2%, Public 21.3%.Mar '25: Promoters 73.3%, FIIs 1.1%, DIIs 4.2%, Public 21.4%.Jun '25: Promoters 73.3%, FIIs 0.9%, DIIs 4.2%, Public 21.6%.Sep '25: Promoters 73.3%, FIIs 0.8%, DIIs 4.1%, Public 21.9%.Dec '25: Promoters 73.3%, FIIs 0.3%, DIIs 4.0%, Public 22.4%.Mar '26: Promoters 73.3%, FIIs 0.3%, DIIs 3.8%, Public 22.6%.Jun '26: Promoters 73.3%, FIIs 0.1%, DIIs 3.5%, Public 23.1%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 1 holder trimming and 1 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Rupa & Co above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Ullas Sales Promotion Llp 27.20%unchanged
Prahlad Rai Agarwala 21.08%+18.37 pp
Vikash Agarwal 2.37%unchanged
Ravi Babulal Agarwal 2.19%unchanged
Sidhant Credit Capital Ltd. 2.13%unchanged
Abakkus Growth Fund-2 AIF1.78%unchanged
Rajnish Agarwal 1.67%unchanged
Ghanshyam Prasad Agarwala 1.66%unchanged
Abakkus Emerging Opportunities Fund-1 AIF1.64%−0.30 pp
Manish Agarwal 1.61%unchanged
Kunj Bihari Agarwal 1.61%unchanged
Suresh Agarwal 1.35%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 (5)

Read the Q4 FY26 call →

Learn to analyse Rupa & Co

Guides on how to read this kind of business and the numbers that matter.