Garment Mantra consolidated revenue up 66%; standalone profit falls 49%
Q1 consolidated revenue hit ₹61.97 crore, driven by export subsidiaries, while standalone net profit dropped to ₹1.03 crore from ₹2.01 crore.
— 2 earlier stories on Garment Mantra Lifestyle Ltd. →What's new
- Consolidated revenue surged 66% YoY to ₹61.97 crore in Q1 FY27.
- Consolidated net profit rose 13% to ₹2.79 crore.
- Standalone net profit fell 49% to ₹1.03 crore on 5% revenue decline.
Why this matters
The consolidated figures show export subsidiaries pulling the group higher, but the standalone business shrinking and halving profits raises questions about the core domestic operations. For a nano-cap stock with a trailing P/E of 15.6, the mixed picture presents momentum in exports and caution at the parent.
What we're watching
- Whether standalone revenue can stabilise in coming quarters.
- Contribution from export subsidiaries vs. parent in coming quarters.
- Any management commentary on standalone turnaround plans.
The full read
Garment Mantra Lifestyle reported a 66% jump in consolidated revenue to ₹61.97 crore for Q1 FY27. Export subsidiaries drove that growth. But the standalone business tells a different story: revenue slipped 5% to ₹20.13 crore, and net profit fell 49% to ₹1.03 crore from ₹2.01 crore a year ago. The divergence shows the growing weight of export arms within the group. For a ₹70-crore market-cap stock with a trailing P/E of 15.6 and ROE of 7.1%, the Q1 results show consolidated momentum and standalone caution. The board also approved the cost audit report and appointed a new cost auditor, both routine. The open question is whether the standalone business can regain traction or if the group's future is entirely tied to its export subsidiaries. Those subsidiaries are carrying the load.
Questions answered
- How did Garment Mantra's consolidated revenue perform in Q1 FY27?
- Consolidated revenue grew 66% year-on-year to ₹61.97 crore, driven by export-oriented subsidiaries. Net profit rose 13% to ₹2.79 crore.
- Why did standalone net profit drop 49%?
- Standalone revenue fell 5% to ₹20.13 crore, and net profit dropped to ₹1.03 crore from ₹2.01 crore a year ago. The filing did not provide specific reasons.
- What is the market cap of Garment Mantra Lifestyle?
- The company has a market capitalisation of approximately ₹70 crore, making it a nano-cap stock.
- What else did the board approve besides quarterly results?
- The board approved the cost audit report for FY 2025-26 and appointed B. Venkateswar as cost auditor for the current financial year.
- How does the Q1 performance compare sequentially?
- The source only provides year-on-year comparisons. No sequential data is available from this filing.
- What is the debt-to-equity ratio of Garment Mantra?
- The company's debt-to-equity ratio stands at 0.79, as per the latest available data.
Story so far
All notes on GARMNTMNTR →- 28 Jul 2026 · 12:32 PM IST Garment Mantra consolidated revenue up 66%; standalone profit falls 49%
- today Garment Mantra consolidated revenue jumps 67% in Q1; standalone falters
- today Garment Mantra's ₹35 cr order book tops Q1 revenue