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Karnika Industries Ltd

Q2 FY27Textiles & Apparels

Karnika Industries Q2 FY27 earnings call: Revenue & Margins

Q2 FY27 earnings call: what management guided on revenue, margins and order book.

Price₹134
Market cap₹831 Cr
P/E29.7
Updated16 Oct 2026
Read4 min read

What the Q2 FY27 call signalled

3 of 4 strong

RevenueGood growth
MarginMargins steady
CapexCapex planned
FundraiseFundraise planned

The short version

Karnika Industries targets a 30% to 35% CAGR in revenue and profit before tax through FY28. Management targets a revenue and profit before tax CAGR of 30% to 35% through FY28.

From Karnika Industries Ltd's Q2 FY27 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

Good growth
  • Karnika Industries targets a 30% to 35% CAGR in revenue and profit before tax through FY28.
  • Focus on scaling core B2B business and developing the B2C platform (Kidcity).
  • Expansion via shop-in-shop counters, kiosks, and digital channels; current 85+ shop-in-shop counters, aiming for ~1,000 kiosks and 300-400 airport kiosks by FY29-30.
  • Kidcity expected to contribute INR80-100 crores revenue in the current year, up from INR40 crores in H1 FY27.
  • Karnika brand projected to grow steadily at 20% to 25% year-on-year.
  • Aim to deepen distribution in Tier 2 and Tier 3 markets to widen consumer access.

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Profitability & Margins

See what Karnika Industries Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Capex planned
  • Capex for shop-in-shop (SIS) stores is around INR 2-3 lakhs per store, with inventory costing INR 3-5 lakhs per store.
  • New "Brands of Brand" concept planned, involving kiosks/EBOs with approx. INR 10-15 lakhs capex per EBO.
  • For "Brands of Brand," focus is on airports and high-street malls, aiming to set up 300-400 outlets by FY’29-’30.
  • Manufacturing expansion is manageable in-house without much capex; accessory sales will be outsourced.
  • No significant additional capex expected for Karnika's existing SEDEX-compliant manufacturing unit.

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Top-ranked in Textiles & Apparels

Ranked on what management guided this quarter

Guidance-ranked
Rev 1Mar 1
Rev 1Mar 3
3
Rev 2Mar 1
4
Rev 2Mar 2
5
Rev 2Mar 2
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Karnika Industries Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The provided transcript from Karnika Industries Limited's call does not explicitly mention the current or expected order book or pending orders details. However, some insights related to sales and order flow are as follows: - Karnika sells primarily through B2B channels, supplying big buying houses and wholesalers pan-India. - Kidcity, a B2C channel, is expanding with 85+ shop-in-shop counters and plans for more kiosks. - Management noted healthy orders from customers and retail chains including Style Baazar, FirstCry, Srijan, and Hopscotch. - They are focusing on deepening existing customer relationships and broadening the customer base.

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Karnika Industries Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹61 Cr, net profit ₹8 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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Others in Textiles & Apparels this season

  • Indo Rama Synthetics (India) Ltd (Q2 FY27)

    Revenue from operations for the quarter ended 30 September 2026: ₹1,340.64 crores (consolidated), ₹1,248.33 crores (standalone). Key results statement takeaways

  • SBC Exports Ltd (Q2 FY27)

    8,469.6 lakh in the same quarter of 2025—an increase of approximately 94%. Key results statement takeaways from SBC Exports Ltd's Q2 FY27 results statement — an

  • Alok Industries Ltd (Q2 FY27)

    1,036.03 crore, up from Rs. Key results statement takeaways from Alok Industries Ltd's Q2 FY27 results statement — and how it ranks against sector peers.

🔎 Who's planning the most growth?

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Frequently Asked Questions

What were Karnika Industries Ltd Q2 FY27 results?

Karnika Industries targets a 30% to 35% CAGR in revenue and profit before tax through FY28. Management targets a revenue and profit before tax CAGR of 30% to 35% through FY28.

What is Karnika Industries Ltd share price analysis?

Karnika Industries Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 29.7 with a market cap of ₹831 Cr. Investors should review the full earnings analysis for detailed insights.

Is Karnika Industries Ltd planning capital expenditure?

Capex for shop-in-shop (SIS) stores is around INR 2-3 lakhs per store, with inventory costing INR 3-5 lakhs per store. - New "Brands of Brand" concept planned, involving kiosks/EBOs with approx.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.