Thomas Scott India Ltd

Q4 FY26Textiles & Apparels

THOMASCOTT Q4 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Q4 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹294

Market cap₹386 Cr

P/E22.0

Updated17 Jun 2026

Read4 min read

What the Q4 FY26 call signalled

2 of 4 strong

RevenueRank 2

MarginRank 3

CapexYes

FundraiseNo

Not discussed on this call: order book.

The short version

- The company aims to continue the robust growth trajectory achieved so far, with similar revenue growth rates as the previous year. - The company aims to continue delivering high double-digit revenue growth, maintaining momentum similar to FY26's 58% growth.

From Thomas Scott India Ltd's Q4 FY26 earnings-call transcript · updated 17 Jun 2026.

Revenue & Sales Performance

Rank 2

The company aims to continue the robust growth trajectory achieved so far, with similar revenue growth rates as the previous year.
Focus is on increasing revenue through smart working capital management and improving return on capital employed.
Growth is supported by test-to-scale product launches based on consumer demand and feedback, primarily in men's apparel (80%) and diverse categories (20%).
Expansion into new categories like womenswear and footwear is underway, with positive early traction.
Premiumization of product portfolio, especially through licensed international brands, is driving higher margins and sales value.
The company leverages data-driven merchandising, rapid product launches, and technology investments to sustain growth.
Inventory strategy supports future growth with sustained investments balanced between manufacturing and retail cycle inventories.
No specific revenue targets given, but growth similar or better than the current high levels is expected.

Profitability & Margins

The company aims to continue delivering high double-digit revenue growth, maintaining momentum similar to FY26's 58% growth.
EBITDA margins are expected to remain stable around current levels (~13%), focusing on operating margin consistency amidst growth.
Profit after tax (PAT) growth is projected to keep pace with revenue increases, supported by premiumization and operational efficiencies.
Operating cash flows are currently negative due to growth investments; positive operating cash flow is anticipated only when growth aligns with a return on capital employed of ~23-25%.
Working capital improvements and smarter capital interventions are planned to enhance return on capital employed.
The company expects to sustain and potentially improve contribution margins through model transitions and premium brand expansion.
No specific EPS guidance provided, but PAT growth over 50% YoY in FY26 indicates strong future profitability potential.

See what Thomas Scott India Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Yes

The company is making continuous expansion plans for its in-house manufacturing capacity, especially at the Sholapur facility, which has space for capacity increase.
Investments in manufacturing capacity expansion are steady and paced, as scaling in-house manufacturing requires infrastructure development and labor training.
They balance between in-house production and outsourcing to manage capacity and growth.
No specific mention of large one-time or strategic investments, but ongoing capital expenditures support organic growth.
Retail expansion is organic, with new stores opening only when existing ones become profitable; current focus is on optimizing online channel investments, which have higher returns.
Working capital improvements and smarter interventions are ongoing to enhance return on capital employed, supporting growth within current capital sources.

Top-ranked in Textiles & Apparels

Ranked on what management guided this quarter

5x potential

1Purple United₹433 Cr

Rev 1Mar 3

2Sumeet Industrie₹749 Cr

Rev 2Mar 1

3₹276 Cr

Rev 2Mar 1

4₹2.7K Cr

Rev 2Mar 2

5₹1.2K Cr

Rev 2Mar 2

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

No indication of new equity fundraising; the company did not mention plans for dilution.
Current short-term borrowings around Rs. 22 crores relate to insurance claim receivables from a fire incident, expected to reduce once claims are realized.
Management is comfortable with existing short-term working capital borrowings and believes current working capital limits are sufficient to support growth.
No planned increase in long-term debt; long-term loans have actually decreased year-on-year.
Working capital fluctuations are normal and managed within existing debt limits without the need for additional fundraising.
Focus remains on organic growth and optimizing capital utilization rather than raising new funds.

See what Thomas Scott India Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The transcript from the provided pages does not explicitly mention any details regarding the current or expected order book or pending orders. However, some relevant insights related to business growth and inventory can be summarized: - The company is focusing on continued revenue growth similar to the previous year. - Inventory levels include manufacturing cycle stock (30-45 days) and finished goods inventory (100-120 days), along with additional growth inventory for future expansion. - Sales are concentrated in the last month of the quarter, with receivables reflecting this timing. - The product mix and launches are driven by consumer demand through a test-and-scale model. - No specific data on confirmed order book or pending orders is provided in the discussion. If you need further details on order book status, please specify or provide additional pages.

Thomas Scott India Ltd — Quarterly revenue & net profit

Revenue Net profit

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Reported quarterly figures (₹ Cr). Latest: revenue ₹66 Cr, net profit ₹5 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What Thomas Scott India Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Thomas Scott India Ltd Q1 FY27 results?

What is Thomas Scott India Ltd share price analysis?

Thomas Scott India Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 22.0 with a market cap of ₹386. Investors should review the full earnings analysis for detailed insights.

Is Thomas Scott India Ltd planning capital expenditure?

- The company is making continuous expansion plans for its in-house manufacturing capacity, especially at the Sholapur facility, which has space for capacity increase.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.