Karnika Industries Ltd. · NSE:KARNIKA
Karnika Industries — Q1 FY27 Earnings Presentation
32 slides from Karnika Industries's earnings presentation, Jul 18, 2026
Slide 1: Cover letter to NSE on Q1 FY27 investor presentation
website-www.karnikaindustries.com Date- 18th July, 2026 To, National Stock Exchange of India Ltd., Exchange Plaza, 5th Floor, Plot No. C/1, G Block, Bandra-Kurla Complex, Bandra (E), Mumbai – 400051. Dear Sir/Madam, SCRIP CODE: KARNIKA Sub: SEBI (Listing Obligations and Disclosure Requirements) Regu
Slide 2: Q1 FY27 Investor Presentation
& PN DW Sr Rees Te Mr 2) CRAFTING QUALITY. STYLING FUTURES. Qi FY27 INVESTOR PRESEN TATION A Complete Wardrobe Solution | Ss @ | A QUALITY STYLES SUSTAINABLE COMPLETE YOU TRUST KIDS LOVE TOMORROW | WARDROBE
Slide 3: 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 4: Table of Contents
Table of Contents Karnika UN DUST RLE’S LIeMilT ED Lf Ley Company Overview USPs Financial Performance Strategic Priorities Annexures
Slide 5: Company Overview
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Slide 6: 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 7: 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 8: 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 9: Balanced Multi-Category Product Portfolio
Balanced Multi-Category Product Portfolio Broad based mix supports resilient and scalable growth Boys’ Wear Stylish & Comfortable fashion for boys 30% 37% Girls’ Wear 42% 43% 49% Trendy & adorable styles for girls 26% 21% Infant Gentle & safe 32% essentials 37% 32% 16% 36% Fabric 16% Quality fabrics
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: 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 12: USPs
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Slide 13: 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 14: 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 15: 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+ <1% Revenue from Exports States Covered B2B relationships Distribution Partn
Slide 16: 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 17: 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 18: Financial Performance
Karnika INDUSTRIES LIMITED
Slide 19: Management Commentary
Management Commentary FY27 has commenced on a strong note, driven by the strength of our integrated business model, expanding distribution network, and growing acceptance of our branded kidswear portfolio. We delivered an exceptional performance, with 121.6% YoY revenue growth, 154.9% EBITDA growth,
Slide 20: Q1FY27 Financial Performance
Q1FY27 Financial Performance Steady Revenue Growth In INR Cr Q1 FY26 Revenue from Operations EBITDA Margins 15.0% 17.2% 74 13 33 5 Q1FY26 Q1FY27 Q1FY26 Q1FY27 PBT PAT Margins 12.5% 17.3% 9.2% 12.4% 13 9 4 3 Q1FY26 Q1FY27 Q1FY26 Q1FY27 19
Slide 21: Q1 FY27 Financial Performance
Q1 FY27 Financial Performance Particulars (INR Cr) Q1FY27 Q1FY26 Y-o-Y (%) Q4FY26 Q-o-Q (%) Revenue from Operations 74 33 121.6% 72 2.8% Expenses 61 28 115.8% 64 -4.7% EBITDA 13 5 154.9% 8 65.5% EBITDA Margins (%) 17.2% 15.0% 225 bps 10.7% 652 bps Depreciation 0.2 0.4 -39.3% 0.4 -40.4% Other Income
Slide 22: Strategic Priorities
Karnika Strategic Priorities =
Slide 23: 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 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 24
Slide 26: Annexure
ZI LT Karnika INDUSTRIES LIMITED 05 Annexure
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 24915.0% 15.2% 11.4% 15.0% 25 10.0% 250 10.4% 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 4.0
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
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