Slide 1: Forcas Studio Limited - Investor Presentation Intimation to NSE
Forcas Studio LIM!TED Regd. Office: B3-7tClLGl, Tara Maa Tower, Khalpool, B B T Road, Maheshtala Kolkata- lilOt4t Cl N : L 14 10 7W B2O24P LC2 67500 November 15,2025 Listing Department. National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Bandra Kurla Complex, Mumbai-4000051 Symbol: F
Slide 2: Forcas Studio Limited Investor Presentation H1 FY26
Forcas Studio Limited Investor Presentation H1 FY26 For The Fashion Aspirant Bharat Refer to Disclaimer
Slide 3: Disclaimer
Disclaimer This document has been prepared for information purposes only and is not an offer or invitation or recommendation to buy or sell any securities of Forcas Studio Ltd (“FORCAS”, "Company“), nor shall part, or all, of this document form the basis of, or be relied on in connection with, any c
Slide 4: Index
INDEX About Us FINANCIAL HIGHLIGHTS Business Overview Industry Overview WAY FORWARD INVESTOR PRESENTATION 3
Slide 5: About Us
ABOUT US 4
Slide 6: About Forcas Studio
ABOUT FORCAS STUDIO Forcas Studio Limited specializes in men's garments, covering all categories of men's wear, such as boxers, shorts, trackpants, cargos, denims, trousers, cord sets, tracksuits, vests, t-shirts, sportswear, shirts, jackets, and sweatshirts. 14+ Years Serving 20,000+ These are mark
Slide 7: Management Team
MANAGEMENT TEAM MANAGEMENT TEAM MANAGEMENT TEAM Sailesh Agarwal Sourav Agarwal Managing Director CFO & Whole-time Director Sailesh, a graduate from Kolkata, began his career in his family's fabric manufacturing Sourav, a B.Com graduate, joined his father’s plastic granules trading business in busine
Slide 8: Journey & Key Milestones
JOURNEY & KEY MILESTONES 2010 2015 2016 2021 2022 2024 2025 Established as a Recognized with the Merit Awarded the title of Achieved Gold Seller status Progressed to Platinum Established as Forcas “TRIBE” premium fashion partnership firm under the Award 2015 by HyperCITY Champion Sales Growth on Fli
Slide 9: Business Overview
Business Overview 8
Slide 10: Business Highlights – H1FY26
Business Highlights – H1FY26 Own Brand Revenue rose Own-Brand Portfolio Revenue from Women & to ₹717.9 Mn from ₹486.8 Gains Momentum – In- Kids Category under FTX First time Winter Wear being Mn, delivering strong house brands scaled brand till date – 55 Million 47.5% YoY growth. strongly in H1 FY26
Slide 11: Business Model
BUSINESS MODEL E-Commerce Products are available on leading e-commerce platforms, including Flipkart, Myntra, Meesho, Amazon, Ajio, Jio Mart, Limeroad, Identifying New Design Fabric Outsourced Quality Organised Sales through Solvd, and Shopsy. Trends Development Sourcing Manufacturing Control Wareho
Slide 12: Warehouse
WAREHOUSE ▪ Prime Location: Centrally located in Kolkata with direct highway access for efficient logistics. ▪ Spacious: 30,000 sq. ft. of carpet area, accommodating high inventory demands. ▪ Extensive Storage Capacity: Garments: Holding 20 Lac + Pcs ▪ Fabric & Materials: Capacity for 6,00,000+ mete
Slide 13: Product Portfolio (1/2) - FTX
PRODUCT PORTFOLIO (1/2) Brand - FTX BOXERS SHORTS TRACKPANTS CARGOS DENIMS TROUSERS CORD SETS TRACK SUITS VESTS Product Category The flagship brand FTX has been a 'category creator' in the menswear TSHIRTS SPORTS WEAR SHIRTS JACKETS SWEAT SHIRTS segment in urban Bharat. To offer new and varied produ
Slide 14: Product Portfolio (2/2) - TRIBE
PRODUCT PORTFOLIO (2/2) Brand - TRIBE TRIBE is targeting Gen Z with quirky and the latest fashion. Brand Contribution to Revenue - TRIBE FY25 H1 FY26 Rs. In Mn. % Rs. In Mn. % 67.0 5% 52.6 7% Latest Young Quirky Trends Audience Design Gen Z fashion thrives on latest trends, Fashion for the young foc
Slide 15: Revenue Breakup
REVENUE BREAKUP Platform (%) FY25 H1FY26 Revenue from Top FY25 H1FY26 14% Customers (% of Revenue) (% of Revenue) 22% 41% 41% Top 5 Customers 51.88% 43.40% 45% 37% Top 10 Customers 69.83% 64.85% Online Own Brand Offline Own Brand White- label Manufacturing INVESTOR PRESENTATION 14
Slide 16: Business Strategy
Affordable Fashion for Urban Product Pricing Strategy: Increase Online Presence: To Bharat: The focus is on providing Products are priced strategically to drive growth, the company will expand stylish, quality menswear at affordable remain aspirational yet affordable, its presence on additional e- p
Slide 17: Strategic Product Rollout
Strategic Product Rollout Go Live on 8+ Analyze Sales Data & Initial Production into Marketplaces & available Shortlist the Winning Smaller Quantities to 10+ Crores Buyers Products Invest in Advertising & Scale Production of Promotion of New Products Winning Products INVESTOR PRESENTATION 16
Slide 18: Competitive Strength
Innovative Product Offering Fashion to Brand Recall: Design: FTX leads the Bharat's Youth: Stylish, 1. Orders Served Online: menswear segment in urban affordable menswear is Ensuring fast and reliable Bharat with trend-driven provided, targeting Bharat's online service. designs. In-house team youth.
Slide 19: Clientele
Clientele Quick Commerce AND MORE INVESTOR PRESENTATION 18
Slide 20: Quick Commerce Expansion
Quick Commerce Expansion The brand initially launched with a single After successfully serving 20k+ pin codes Products such as Tracksuit, Sweat style and received an fantastic response. through ecommerce platforms the brand has earned a loyal customer base across India. Shirts, Trousers, Kurtas, Win
Slide 21: Way Forward
Way Forward 20
Slide 22: Way Forward
Way Forward Strengthening National Presence Enhancing Brand Visibility Kids & Women Wear Launch The company plans to expand domestically by Aiming to enhance brand visibility via hiring a FTX has launched Kids wear in the Winter Wear Category targeting untapped segments, strengthening sales National
Slide 23: Financial Highlights
Financial Highlights 22
Slide 24: Half Yearly Performance Highlights
Half yearly Performance Highlights Revenue (INR Mn.) EBITDA (Rs. Mn) & Net Profit (Rs. Mn) & EBITDA Margin (%) Net Profit Margin (%) YoY 50.6% YoY 72.3% + 134 bps YoY 99.7% + 171 bps HoH (3.4%) HoH 7.1% + 104 bps HoH 1.5% + 34 bps 10.6% 6.9% 6.6% 9.3% 9.6% 5.2% 866.6 836.8 57.2 58.1 82.8 88.7 555.9
Slide 25: Half Yearly Income Statement
Half Yearly Income Statement Particulars (INR Mn.) H1FY26 H2FY25 H1FY25 YoY% HoH% FY25 FY24 YoY% Net Sales 836.8 866.6 555.9 50.6 -3.4 1,422.4 1,123.7 26.6 Cost of Goods Sold 571.8 643.0 361.6 58.1 -11.1 1,004.5 747.6 34.4 Gross Profit 265.1 223.6 194.3 36.4 18.5 417.9 376.1 11.1 Gross Margin (%) 31
Slide 26: Annual Performance Highlights
Annual Performance Highlights Revenue (INR Mn.) EBITDA (Rs. Mn) & EBITDA Margin (%) 9.1% 9.4% 5.5% 5.5% 3.6% 1,422.4 1,123.7 134.3 102.1 696.0 505.1 532.0 28.0 29.4 24.8 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 Net Profit (Rs. Mn) & Net Profit Margin (%) Net Debt to Equity (x) 6.1% 4.5% 1.7
Slide 27: Annual Income Statement
Annual Income Statement Particulars (INR Mn.) FY21 FY22 FY23 FY24 FY25 Net Sales 505.1 532.0 696.0 1,123.7 1,422.4 Cost of Goods Sold 435.7 455.6 525.3 747.6 1,004.5 30% REVENUE CAGR Gross Profit 69.4 76.4 170.8 376.1 417.9 (FY21 - 25) Gross Margin (%) 13.7% 14.4% 24.5% 33.5% 29.4% Employee Expenses
Slide 28: Balance Sheet
Balance Sheet Equity & Liabilities (INR Mn.) FY24 FY25 H1FY26 Assets (INR Mn.) FY24 FY25 H1FY26 Equity Non-Current Assets Equity Share Capital 129.0 175.8 175.8 Property, Plant and Equipment's 11.1 17.0 22.9 Reserves & Surplus 70.9 460.8 518.5 Deferred Tax Assets 1.2 1.3 1.2 Total Equity 199.9 636.6
Slide 29: Industry Overview
Forcas Studio INDUSTRY | OVERVIEW
Slide 30: Indian Apparel Industry
Indian Apparel Industry Revenue in Billion USD (US$) 124.45 3.26% ▪ The Indian apparel industry presents a high-growth opportunity, with Women’s Apparel leading the 101.39 105.52 CAGR market at a value of US$53.13 billion in 2025. (2025-2029) 48.2% 48.5% 49.0% ▪ The per capita revenue of US$73.25 re
Slide 31: Fashion Industry
Fast Fashion Produces 50+ Collections/year, and the January Summer Cycle is longer with more Collections ▪ In FY25, India's fast fashion segment is projected to grow rapidly at Summer / Spring Cycle 30–40%, significantly outpacing the overall apparel industry's 8–10% growth, highlighting a major shi
Slide 32: Growth Drivers
Rising Disposable Income: The growing Shifting Consumer Preferences: middle class in India is driving increased Consumers are increasingly drawn to spending on clothing, with a shift toward branded, stylish clothing and sustainable Growth higher-quality and premium products, options, reshaping the m
Slide 33: Thank You
THANK YOU Forcas Studio Limited E-mail: info@focasstudio.in Website: www.focasstudio.in Linkedin - Free social media icons KAPTIFY® Consulting Strategy & Investor Relations | Consulting E: info@kaptify.in M: +91-845 288 6099 www.kaptify.in INVESTOR PRESENTATION 32