S D Retail Limited · NSE:SDREAMS
S D Retail — H1 FY2026 Earnings Presentation
26 slides from S D Retail's earnings presentation, Nov 12, 2025
Slide 1: S D Retail Limited Investor Presentation H1 FY26
S D RETAIL INVESTOR H1 FY26 LIMITED PRESENTATION
Slide 2: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by S D Retail Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities,
Slide 3: Business Outlook
Business Outlook Our Company continues to demonstrate a strong commitment by expanding its Exclusive Brand Outlet (“EBO”) channel, which has delivered robust growth of 120% in revenue during the first half of FY 2025–26. Despite this momentum, the Multi-Brand Outlet (“MBO”) channel remains our large
Slide 4: Financials
FINANCIALS SWEET DREAMS
Slide 5: H1 FY26 Operational & Financial Performance
H1 FY26 Operational & Financial Performance Sales Mix (H1, FY 26) Revenue from Operations Gross Profit EBITDA Profit After Tax 78.30 Cr 43.48 Cr 2.18 Cr 0.13 Cr Gross Profit EBITDA Margin PAT Margin Margin 55.53 % 2.78 % 0.17 % Exclusive Brand Marketplaces Large Format Outlets (EBOs) and E-Comm Stor
Slide 6: H1 FY25 Operational & Financial Performance
H1 FY25 Operational & Financial Performance Sales Mix (H1, FY 25) Revenue from Operations Gross Profit EBITDA Profit After Tax 71.68 Cr 34.99 Cr 2.43 Cr (0.53) Cr Gross Profit EBITDA Margin PAT Margin Margin 48.82 % 3.39 % (0.74) % Exclusive Brand Marketplaces Large Format Outlets (EBOs) and E-Comm
Slide 7: P&L Statement (Rs. in Crore)
P&L Statement (Rs. in Crore) - Despite a 9.2% revenue growth, EBITDA margin declined by 61 basis points due to upfront costs from new store openings and increased investments in manpower and marketing. These strategic initiatives are expected to yield positive results in the second half. 06
Slide 8: Balance Sheet as on date (Rs. in Crore)
Balance Sheet as on date (Rs. In Crore) 07
Slide 9: Cash Flow (Rs. in Crore)
Cash Flow (Rs. in Crore) Note - The company reported operating cash flow of ₹ (0.70) crore, primarily due to inventory buildup for 64 operational stores as of September 30, 2025, compared to 34 stores a year earlier, and stocking for upcoming launches. This temporary impact is expected to reverse in
Slide 10: About Us
ABOUT US SWEET DREAMS
Slide 11: The S D Retail Story
The S D Retail Story Dressing You From 8pm To 8am S D Retail Limited (S D Retail or SWEET DREAMS) is India’s leading sleepwear brand. Founded over 30 years ago as a trade-driven business, we have grown into a consumer-focused brand offering sleepwear for men, women, and kids—designed for the 8 PM to
Slide 12: Sleepwear: A Habit-Forming Essential
Sleepwear: A Habit-Forming Essential Sleepwear is no longer just for sleeping. It's an integral part of daily life, deeply woven into routines and reflecting modern lifestyles. Part of a Ritual High Usage, Frequent Replacement Changing into sleepwear marks the beginning of bedtime Daily wear and reg
Slide 13: 3W Framework
3W Framework To place sleepwear in the larger apparel industry, we use the 3W framework: Wallet share, Wardrobe share & Wear-time share. Sleepwear plays a crucial role in daily life, accounting for approximately 42% of a person’s weekly hours—equivalent to at least 70 hours out of 168. Despite this,
Slide 14: Where We Are, Where We're Going
Where We Are, Where We're Going Standalone Sleepwear Stores In Every Shopping Market Phase 1: Scale Through Traditional Channels We began as manufacturers with Essentials product line in general trade, proving unit economics and standardizing quality. Then entered higher-margin Fashion Sleepwear, br
Slide 15: Closer To Customers
Closer To Customers At S D Retail we're redefining sleepwear in India—transforming it from an afterthought into an essential expression of style and comfort. We're getting closer to our customers than ever before, bringing sleepwear front and centre through three complementary channels. Exclusive Br
Slide 16: Bolder As A Brand
Bolder As A Brand Our boldness comes from a core belief: sleepwear deserves the same level of design, emotion, and attention as any other fashion category. Seven Touches Built-In Brand Recognition Strategy We recognize customers need multiple gentle prompts—Instagram posts, email Years of marketing
Slide 17: Sets as a Strategy
Sets as a Strategy The Coordinated Sleepwear Advantage At SWEET DREAMS, our product strategy is built on the conviction that sleepwear truly shines when offered as coordinated sets rather than mismatched separates. Removes Decision Fatigue Each set pairs complementary tops and bottoms—matched in fab
Slide 18: Our Journey So Far
Our Journey So Far Yesterday’s Dreams, Today’s Reality 2004: Inception 2014: Digital Expansion 2024: Public Listing Incorporated as S D Retail Private Ventured online, selling through Converted to a Public Limited Limited, with a vision to make leading marketplaces and adapting Company and listed on
Slide 19: Six Contrarian Ways we serve our category
Six Contrarian Ways we serve our category While most brands treat sleepwear as a side category, S D Retail is reimagining its potential through focused, often unconventional strategies. We're writing a new retail playbook for sleepwear in India. 1 Single-Category Focus Unlike large apparel brands th
Slide 20: Men Women: Design and Sourcing
MEN WOMEN ‘ {e) ad (or Inhouse Design Global coat & Creative Fashion fm team Irend Study Family > 4% Premium 3 Pillars Sleepwear focused Price Comfort, sourcing of Points Style premium & Longevity fabrics. SWEET DREAMS
Slide 21: Our Management Team
Our Management Team HITESH RUPARELIA UTPAL PARTH RITESH SARAOGI Chairman & RUPARELIADirector & Whole-Time Founding Promoter RUPARELIA D2C Head Chief Financial Officer Managing Director Utpal Pravinchandra Ruparelia is the Hitesh Pravinchandra Ruparelia is the Parth Utpal Ruparelia is the D2C Head of
Slide 22: EBO Progress
EBO PROGRESS SWEET DREAMS
Slide 23: EBO Business Credentials
EBO Business Credentials 64 28.9K Stores Total SqFt. 451 SqFt. 1,713₹ Average Store Size Average ASP 3,794₹ 16,375 Average Billing Value Sales per SqFt. Annualized
Slide 24: Store Map
aipul nace * 2 Rois STORE MAP DREAMS
Slide 25: New EBOs Opened in H1
New EBOs Opened in H1 2025 Mall of India Zora The Mall Noida Raipur Phoenix United Nexus Seawoods Lucknow Navi Mumbai
Slide 26: Thank You
THANK YOU S D Retail Limited, C-929, Stratum at Venus ground, Nr. Jhansi Ki Rani Statue, Nehrunagar, Ambawadi, Ahmedabad, Gujarat -380006,.+91 7043106787 info@sweetdreamsindia.com