Meenakshi India reports FY26 revenue of Rs 158.23 crore
June 12, 2026 | By Textile Sphere India
Total revenue stood at Rs 158.23 crore in FY26.
Meenakshi India (MIL), a leading apparel manufacturer specialising in premium bottom wear and outerwear for global brands, announced its audited financial results for the financial year ended March 31, 2026.
For Q4 FY26, the Company reported Revenue from Operations of Rs 45.72 crore as against Rs 61.09 crore in Q4 FY25. Operational EBITDA stood at Rs 7.55 crore compared to Rs 14.85 crore in the corresponding quarter last year. Profit After Tax was Rs 4.52 crore versus Rs 26.16 crore in Q4 FY25, while Earnings Per Share stood at Rs 4.02.
During FY26, the Company reported Revenue from Operations of Rs 150.76 crore as compared to Rs
166.33 crore in FY25. Operational EBITDA stood at Rs 10.20 crore against Rs 29.51 crore in the previous year, while Profit After Tax was Rs 10.46 crore compared to Rs 39.10 crore in FY25. Earnings Per Share for FY26 stood at Rs 9.30.
Key financial performance:
Particulars | Q4FY26 | Q4FY25 | Growth (YoY) | FY26 | FY25 | Growth (YoY) |
Revenue from Operations (In Rs crore) | 45.72 | 61.09 | -25.16% | 150.76 | 166.33 | -9.36% |
Operational EBITDA (In Rs crore) | 7.56 | 14.85 | -49.09% | 10.20 | 29.51 | -65.44% |
PAT (In Rs crore) | 4.52 | 26.16 | -82.72% | 10.46 | 39.10 | -73.25% |
EPS (In Rs) | 4.02 | 23.25 | -82.71% | 9.30 | 34.75 | -73.24% |
Commenting on the performance, Shubhang Goenka, Wholetime Director, Meenakshi India Limited, said, “The Company’s PAT declined in FY26 mainly because FY25 included a one-time exceptional gain of ₹12.5 crore from the sale of plantation land, which inflated FY25 revenue and PAT. FY26 profitability was further affected by US tariff uncertainty reducing demand, increased customer price concessions, a higher mix of lower-margin domestic sales to offset lost export volume and utilise capacity, and foreign-exchange hedging losses (we hedge almost 50% of exposure). Despite these headwinds, the Company outperformed most peers due to strong operational efficiency and cost management.
The outlook is positive, the UK FTA and EU FTA are near implementation and the US FTA is in advanced talks, prompting stronger customer responses. Formerly cautious US buyers have resumed orders with signs of increased volumes, and discussions with new European buyers are advanced. With a typical 4–5 month lead time, the benefits of these positive developments should appear in the final quarter of this fiscal year, while new customer orders will strengthen the next fiscal year.”
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