Karnika Industries Ltd. · NSE:KARNIKA
Karnika Industries — Q4 FY26 Earnings Presentation
32 slides from Karnika Industries's earnings presentation, May 2026
Slide 1: Q4 & FY26 Investor Presentation
& NED EUS Set ah SESS see eaiMieltstesE aE) e CRAFTING QUALITY. STYLING FUTURES. Q4 & FY26 INVESTOR PRESENTATION & A Complete Wardrobe Solution Q@ 4,8) QUALITY STYLES SUSTAINABLE COMPLETE YOU TRUST KIDS LOVE TOMORROW WARDROBE
Slide 2: Disclaimer
Disclaimer The presentation has been prepared by Karnika Industries Ltd. (the “Company”) solely for information purposes and does not constitute an offer to sell or recommendation or solicitation of an offer to subscribe for or purchase any securities and nothing contained herein shall form the basi
Slide 3: Table of Contents
Table of Contents Company Overview USPs Financial Performance Strategic Priorities Annexures
Slide 4: Company Overview
Karnika INDUSTRIES LIMITED 01 Company verview
Slide 5: Karnika: Building India's Scaled Kidswear Platform
Karnika: Building India’s Scaled Kidswear Platform Over 15 Years of Legacy in Integrated Manufacturing, Brands & Distribution Winning Financial Operational Model Metrics Metrics • India’s largest Integrated Kidswear Platform at Scale 40% 28 States Distributed Revenue CAGR PAN India • Asset-Light Mod
Slide 6: Asset-Light, Scalable Operating Model
Asset-Light, Scalable Operating Model Partner network for 90% operations. In-house for core value addition. OUTSOURCED IN-HOUSE OPERATIONS OUTSOURCED IN-HOUSE OPERATIONS OUTSOURCED STRATEGIC FABRIC PRODUCT DISPATCH TO PRINTING & SOURCING DEVELOPMENT ENGINEERING CUSTOMERS STITCHING o Direct Yarn o Ad
Slide 7: Omnichannel Presence
Omnichannel Presence Connecting Every Parent, Everywhere 1 Institutional & B2B Partnerships 4 D2C Channels Strategic collaborations across retail and Building direct consumer engagement corporate channels driving bulk reach and long- through owned digital platforms term associations.. https://kidcit
Slide 8: Balanced Multi-Category Product Portfolio
Balanced Multi-Category Product Portfolio Broad based mix supports resilient and scalable growth Boy's Wear Stylish & Comfortable fashion for boys 30% Girl's Wear 42% 43% 49% Trendy & adorable styles for girls 26% Infant Gentle & safe 32% essentials 37% 32% 16% Fabric 16% Quality fabrics 17% 28% for
Slide 9: Investment-Led Transition Phase
Investment-Led Transition Phase Near-term expansion supporting scalable growth and long-term capital efficiency Gross Margins Return Ratios Adjusting with Capacity & Capital Expansion 51.2% 50.4% 49.1% 44.6% 45.6% 33.6% FY22 FY23 FY24 FY25 FY26 Our Gross Margins reflect product mix transition and in
Slide 10: India's Kidswear Market: High-Growth Opportunity
India’s Kidswear Market: High-Growth Opportunity Driven by rising disposable income, organized retail expansion, and premiumization trends. INDIA'S CHILDREN'S APPAREL MARKET (IN USD BN) MARKET SEGMENTATION BY SECTOR Organised Unorganised 17.4 41% 33% 11.1 64% 59% 67% 36% 2025 2034 (F) FY15 FY25 FY30
Slide 11: USPs
02 USPs
Slide 12: Lean & Scalable Business Model
Lean & Scalable Business Model Outsourced production model supports flexibility, low fixed costs, and efficient capacity utilization. FIXED ASSET TURNOVER (x) 26% ROCE Strong capital productivity driven by asset-light operations 90%+ 101 OUTSOURCED OPERATIONS Enhances scalability and reduces fixed c
Slide 13: End-to-End Kidswear Solutions
End-to-End Kidswear Solutions One trusted destination for stylish, comfortable, and practical kidswear. BRANDS: HOLISTIC PRODUCT PORTFOLIO 9 categories. Every need. Every moment. SHORTS JOGGERS TEES SLEEP SUITS DRESSES Everyday comfort Playful & relaxed Everyday essentials Sweet dreams Stylish & com
Slide 14: Strong Domestic Foundation. Expanding Global Footprint.
Strong Domestic Foundation. Expanding Global Footprint. Gaining market share DEEP & WIDESPREAD PRESENCE ACROSS INDIA EXPORT PRESENCE – MIDDLE EAST & SOUTHEAST ASIA 28 Pan-India distribution network with deep dealer and 150+ ~3% States Covered B2B relationships Distribution Partners Revenue from Expo
Slide 15: Powered by Smart Technology
Powered by Smart Technology Building agile and data-driven processes to support seamless growth and operational control CAD-Based Product Development Quality Control Process Integrated CAD tools enable precise product Multi-point quality checks across production ensure sampling, faster design iterat
Slide 16: Strategic Brand Engagement Initiatives
Strategic Brand Engagement Initiatives Connecting with customers through curated industry events and showcases. TRADE SHOWS & EXHIBITIONS 01 Enhances brand visibility and facilitates networking with potential clients. TRADE SHOWS FASHION SHOWS FASHION SHOWS 02 & EXHIBITIONS Demonstrates creativity,
Slide 17: Financial Performance
Karnika INDUSTRIES LIMITED
Slide 18: Management Commentary
Management Commentary FY26 was a strong growth year for Karnika Industries, supported by favorable industry trends, expanding distribution reach and increasing consumer preference for branded kidswear. The Indian kidswear market continues to benefit from premiumization, rising disposable incomes and
Slide 19: Q4 & FY26 Financial Performance
Q4 & FY26 Financial Performance Steady Revenue Growth In INR Cr Q4 FY26 Revenue from Operations EBITDA PBT PAT Margins 13.2% 10.7% 14.1% 18.3% 10.4% 13.0% 72 60 13 9 8 8 9 6 Q4FY25 Q4FY26 Q4FY25 Q4FY26 Q4FY25 Q4FY26 Q4FY25 Q4FY26 FY26 Revenue from Operations EBITDA PBT PAT Margins 15.1% 15.0% 14.0%
Slide 20: Q4 & FY26 Financial Performance
Q4 & FY26 Financial Performance Particulars (INR Cr) Q4FY26 Q4FY25 Y-o-Y (%) Q3FY26 Q-o-Q (%) FY26 FY25 Y-o-Y (%) Revenue from Operations 72 60 18.8% 74 (2.6)% 248 173 44.0% Expenses 64 52 22.2% 64 0.8% 211 147 44.2% EBITDA 8 8 (3.4)% 10 (24.3)% 37 26 43.1% EBITDA Margins (%) 10.7% 13.2% (246) bps 1
Slide 21: Strategic Priorities
Karnika INDUSTRIES LIMITED Strategic Priorities _*
Slide 22: Strategic Priorities
Strategic Priorities Scaling an integrated kidswear platform through distribution, efficiency and profitable growth HIGHER MARGINS & CAPITAL EFFICIENCY Forward integration into retail captures higher value across the value chain 01 Asset-light SIS & kiosk model enables profitable scaling with limite
Slide 23: Expanding Retail Touchpoints
Expanding Retail Touchpoints Supporting brand growth through EBO and Kiosk Expansions Security Deposit Store Setup / Display Inventory Store Size 6 months' ~1,000 pcs Rs. 2-3 Lakhs 250 sq m deposit (3-3.5 lakhs/store) Kiosks: 55+ | Target – 1000+ (FY28E) EBO on Rental Target - 150+ (FY28E) FUNDING P
Slide 24: Karnika + KidCity Acquisition Rationale
Karnika + KidCity Acquisition Rationale Building India's Most Integrated & Scalable Kidswear Platform 01 03 05 STRONG PLATFORM END-TO-END INTEGRATION 02 EXPANDED CONSUMER REACH 04 FOR PROFITABLE DIVERSIFIED GROWTH STRATEGIC VALUE & REVENUE COST ADVANTAGE STREAMS Seamless control from yarn Wider foot
Slide 25: 2028: Accelerating the Next Growth Phase
2028: Accelerating the Next Growth Phase Building scale with disciplined execution. +61 % Brand Amplification 39 Cr 24 Cr Distribution Expansion +44% 1 Cr 248 Cr 173Cr 47 Cr Operational Efficiencies 2021 2025 2026 2028 Revenue PBT 27
Slide 26: Annexure
05 Annexure 28
Slide 27: The People Behind Karnika
The People Behind Karnika Building a future-ready brand through strategic leadership & innovation Mr. Niranjan Mundhra Mr. Shiv Shankar Mr. Mahesh Kumar Managing Director Mundhra Mundhra Whole-Time Director Whole-Time Director • ~10 years of experience in the textile • MBA professional with 12+ year
Slide 28: Execution led growth
Execution led growth Building a Scalable & Profitable Growth Franchise Delivering Growth with Margin Expansion Strengthening Bottom Line Performance 15.1% 30 28 12.0% 300 249 15.2% 11.4% 250 15.0% 15.0% 25 10.4% 10.0% 14.8% 20 7.9% 18 8.0% 200 173 14.6% 150 127 14.4% 15 6.0% 10 100 14.2% 14.2% 10 4.
Slide 29: Timeline
Timeline Acquired Kidcity Stake Acquired a 75% controlling stake in Kidcity, a fast-growing Formalisation as D2C and omni-channel Karni International IPO & NSE Emerge Listing kidswear brand. Operations restructured under Successfully launched SME IPO - Funds utilized for debt reduction, Bonus Issue
Slide 30: Historical Statement of Profit & Loss
Historical Statement of Profit & Loss Particulars (INR Cr) FY23 FY24 FY25 FY26 Revenue from Operations 125 127 173 248 Cost of Goods Sold 62 65 96 165 Gross Profit 63 62 77 84 Gross Margin (%) 50.4% 49.1% 44.6% 33.6% Employee Cost 6 7 6 8 Other Operating Expenses 41 38 45 39 EBITDA 15 18 26 37 EBITD
Slide 31: Historical Balance Sheet
Historical Balance Sheet Particulars (INR Cr) FY 23 FY24 FY25 FY26 Particulars (INR Cr) FY 23 FY24 FY25 FY26 Shareholders' Fund Non-Current Assets Property, plant, equipment and Equity Share Capital 9 12 12 62 2 5 7 6 intangible assets Reserves & Surplus 9 41 58 34 Capital Work-in-progress 0 0 0 1 N
Slide 32: Karnika Industries Limited Investor Relations Advisor
KARNIKA INDUSTRIES LIMITED 6, Gurgola ghat Road, Near Gopal Bhawan, Bandhaghat, Howrah – 711106. Phone: 033-2655-8101 Email: info@karnikaindustries.com Website: www.karnikaindustries.com INVESTOR RELATIONS ADVISOR Ms. Garima Singla Ms. Mehal Gogia Tel: +91-9780042377 Tel: +91-9140969229 Email: garim