Category: Business

  • Sarveshwar Foods Delivers Robust 9M FY26 Performance; Revenue at ₹966.43 Crore, Net Profit Jumps 33.44%

    Sarveshwar Foods Delivers Robust 9M FY26 Performance; Revenue at ₹966.43 Crore, Net Profit Jumps 33.44%

    Jammu (Jammu & Kashmir) [India], February 16: Sarveshwar Foods Limited, (SFL | BSE – 543688 | INE324X01026), one of India’s leading agro and organic FMCG companies, has announced its Unaudited Financial Results for Q3 & 9M FY26.

    Key Financial Highlights

    9M FY26 Consolidated Financial Highlights

    • Total Income of ₹ 966.43 Cr, YoY growth of 22.45%
    • EBITDA of ₹ 54.42 Cr, YoY growth of 4.96%
    • EBITDA Margin (%) of 5.63%, YoY down by 94 Bps
    • Net Profit of ₹ 24.47 Cr, YoY growth of 33.44%
    • Net Profit Margin (%) of 2.53%, YoY up by 21 Bps

    Q3 FY26 Consolidated Financial Highlights

    • Total Income of ₹ 328.58 Cr, YoY growth of 16.07%
    • EBITDA of ₹ 18.64 Cr, YoY decline by 1.07%
    • EBITDA Margin (%) of 5.67%, YoY decline by 98 Bps
    • Net Profit of ₹ 9.22 Cr, YoY growth of 30.23%
    • Net Profit Margin (%) of 2.81%, YoY up by 31 Bps

    9M FY26 Standalone Financial Highlights

    • Total Revenue of ₹ 466.34 Cr, YoY growth of 16.47%
    • EBITDA of ₹ 23.13 Cr, YoY decline by 0.74%
    • EBITDA Margin (%) of 4.96%, YoY decline by 86 Bps
    • Net Profit of ₹ 9.98 Cr, YoY growth of 32.79%
    • Net Profit Margin (%) of 2.14%, YoY up by 26 Bps

    Q3 FY26 Standalone Financial Highlights

    • Total Revenue of ₹ 159.75 Cr, YoY growth of 9.92%
    • EBITDA of ₹ 6.96 Cr, YoY decline by 22.83%
    • EBITDA Margin (%) of 4.35%, YoY down by 185 Bps
    • Net Profit of ₹ 3.38 Cr, YoY growth of 4.95%
    • Net Profit Margin (%) of 2.12%, YoY decline by 10 Bps

    Commenting on the financial performance, Mr. Rohit Gupta, Chairman, Sarveshwar Foods Limited, said: “We take genuine pride with the performance we have delivered during the first nine months of FY26. Crossing ₹966 crore in revenue and delivering 33% growth in net profit is not just a financial milestone, but a reflection of the resilience of our business and the commitment of our teams and partners. Even in a volatile commodity environment, we stayed focused on strengthening our fundamentals by improving realizations, sharpening our product mix, and maintaining financial discipline. This balanced approach is helping us build a business that is not only growing, but becoming stronger and more resilient with each quarter.

    What excites us even more is the opportunity ahead. The global appetite for premium basmati rice continues to expand, and consumers are increasingly shifting toward trusted, branded and organic food choices. With our strong sourcing base in Jammu and Kashmir, an expanding branded portfolio under Nimbark, and a growing presence across exports and digital channels, we believe we are entering a phase of meaningful scale. We remain confident, ambitious and committed to creating long-term value while steadily enhancing margins and strengthening our brand equity in the years ahead.”

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  • Lehar Footwears Limited Posts Stellar Growth in 9M FY26, Crosses Entire FY25 Performance

    Lehar Footwears Limited Posts Stellar Growth in 9M FY26, Crosses Entire FY25 Performance

    Jaipur (Rajasthan) [India], February 16: Lehar Footwears Limited (BSE –LEHAR | 532829 | INE976H01018), is one of the leading regional mass-footwear manufacturers of high quality and stylish non-leather footwears, has announced its Unaudited Financial Results for Q3 & 9M FY26.

    Key Financial Highlights

    9M FY26 Standalone Financial Highlights (vs FY25)

    • Total Revenue of ₹339.8 Cr, YoY growth of 102.50% (vs ₹277.2 Cr in FY25)

    • EBITDA of ₹31.0 Cr, YoY growth of 87.88% (vs ₹26.1 Cr in FY25)

    • EBITDA Margin of 9.1%, YoY change of (70) Bps (vs 9.4% in FY25)

    • PAT of ₹16.7 Cr, YoY growth of 187.93% (vs ₹10.9 Cr in FY25)

    • PAT Margin of 4.9%, YoY change of 140 Bps (vs 3.9% in FY25)

    Q3 FY26 Standalone Financial Highlights

    • Total Revenue of ₹ 57.1 Cr

    • EBITDA of ₹ 5.7 Cr

    • EBITDA Margin of 9.9%

    • Net Profit of ₹ 2.1 Cr

    • Net Profit Margin of 3.7%

    Key Financial Highlights:

    Revenue declined by 13% YoY in Q3FY26, primarily due to lower execution in the Toolkit segment during the quarter:

    • Footwear segment delivered 18% YoY growth, driven by new product launches in premium segment and scaling up of the newly commissioned athleisure facility at Kundli
    • Toolkit segment declined by 55% YoY, due to phasing of order delivery to subsequent quarter
    • EBITDA margins improved, supported by a favourable product mix. The share of the higher margin footwear business increased on a YoY basis
    • Finance costs declined, aided by sustained debt reduction and strong operating cash flows.
    • Credit rating was upgraded to Crisil BBB/Stable, reflecting improved financial and credit profile

    Business Highlights: Footwear Business

    • The Open Footwear segment witnessed improvement during the quarter, supported by new product launches and refreshed designs aligned with current consumer preferences. Enhanced channel engagement and improved product mix aided traction in domestic markets

    • In addition to MBO distribution, company have also scaled up its presence in large format stores

    • The newly launched sports footwear line under the ‘Rannr’ brand continued to receive encouraging market response, gradual volume ramp-up during the quarter

    • The athleisure category presents a strategic growth engine for company with entry into fast growing – high value segments and broadening the overall product portfolio

    • Company has also started OEM supply of sports shoes to leading athleisure brands

    • Export performance remained stable, with continued presence across key international markets

    • Evolving trade agreements and supportive policy measures may provide incremental opportunities for export-led growth

    • Improved demand for organised players expected, supported by formalisation of trade with reduction in GST

    Business Highlights: Toolkit Business

    • Revenues from toolkit segment was impacted by phasing of deliveries to subsequent quarter

    • Company has satisfactorily delivered 2,00,000 toolkits until now. As on December 31, 2025, company had an order book of ~Rs 60 crore comprising ~40,000 toolkits expected to be delivered in Q4FY26.

    • Following the impactful execution of the initial phase of the PM Vishwakarma Scheme and positive on-ground response, the Government of India is preparing the next phase of the scheme with a larger outlay, expanded trades, and increased beneficiary coverage

    • Lehar continues to maintain a strong leadership position based on its execution track record and eligibility credentials, positioning it well for participation in anticipated tenders under PM Vishwakarma Scheme

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  • Anvita Group Unleashes Massive Global Expansion Strategy

    Anvita Group Unleashes Massive Global Expansion Strategy

    Hyderabad (Telangana) [India], February 16: Realty firm Anvitha Group is rapidly advancing toward a major expansion. Group Chairman Boppana Achyuta Rao said that Anvita currently has projects spanning 10 million square feet under construction, comprising approximately 4,200 units.

    Additionally, projects covering 20 million square feet are in various stages of approval. As part of its expansion strategy, the company plans to launch three new projects in Hyderabad, and one each in Visakhapatnam and Vijayawada, totaling around 11,000 units.

    The company aims to deliver all five projects by 2029. Achyuta Rao stated that the projects are being designed with international standards, incorporating customer feedback in areas such as floor planning, clubhouses, ambiance, and lifestyle amenities.

    Expanding Globally..

    After establishing a strong presence in Telugu states, Anvita is expanding internationally. In the United States, the company has launched a residential community spread across 17 acres in Dallas, Texas, and is also setting up its international corporate office there. Additionally, a large-scale project comprising 1,700 villas over 500 acres is in the pipeline in the U.S. The company also announced plans to launch a new real estate project in Dubai later this year.

    Innovative finance scheme..

    Anvita Group has announced its innovative 10/90 home purchase scheme, designed to ease the financial burden on homebuyers. Under this scheme, customers need to pay just 10% of the flat cost upfront, while EMI payments will begin only after the home is handed over. The scheme was jointly unveiled by Anvita Group Chairman Boppana Achyuta Rao and the company’s Brand Ambassador, Padma Bhushan awardee Nandamuri Balakrishna.

    Achyuta Rao said, “Many customers already have existing loans, and paying EMIs even before taking possession of their home becomes an additional burden. With this 10/90 scheme, Anvita will bear that responsibility until construction is completed and the home is handed over. This initiative will encourage more families to fulfill their dream of owning a home.”

    Balakrishna praised the company’s customer-centric philosophy, stating, “Delivering true value for every rupee invested by the customer, leveraging international project experience, offering competitive pricing, and adhering to platinum-grade standards—these are the strengths that elevate Anvita’s reputation.”

    1.6-kilometer skywalk ..

    India’s First-of-Its-Kind Skywalk Near Kollur, on the outskirts of Hyderabad, Anvita is developing Anvita High 9, featuring 9 towers rising 31 floors high, with a total of 2,200 apartments. “A standout feature is a 1.6-kilometer skywalk connecting all towers—claimed to be the first of its kind in India” said  Nagabhushanam Boppana, Company Director.

    Another premium project in Kollur, Ivana, completed its first phase nearly a year ahead of schedule. The project includes 450 units across two towers, with an additional 1,400 units currently under construction. A key highlight is the absence of podium-level flats, allowing for expansive green spaces, including a 3-acre central park.

    At Medchal, Anvita is developing Anvita Park Side, a 50-acre premium villa community. Company Director Srikanth said “The project will feature 270 villas across 15 clusters, each directly connected to landscaped parks, offering a harmonious blend of luxury and nature”

    Generating Employment at Scale..

    Anvita currently serves 1,800 customers and has participated in several major projects in Dubai. The company employs 300 professionals directly and provides indirect employment to approximately 6,000 individuals. Over the next three years, the workforce is expected to grow to 1,000 employees, with indirect employment rising to 15,000. Company Director Vijay Raju expressed confidence that Anvita will soon establish itself as one of India’s leading real estate companies.

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  • Narmada Agrobase Reports 52.86pc YoY Revenue Growth in Q3 FY26; Revenue at Rs. 2,164.31 Lakhs

    Narmada Agrobase Reports 52.86pc YoY Revenue Growth in Q3 FY26; Revenue at Rs. 2,164.31 Lakhs

    Ahmedabad (Gujarat) [India], February 16: Narmada Agrobase Limited (BSE: 543643, NSE: NARMADA), one of the leading players in the manufacturing of cattle feed and agro-based byproducts, announced its Unaudited Financial Results for Q3 & 9M FY26.

    Key Financial Highlights

    •  Q3 FY26 Financial Highlights
    •  Total Revenue: ₹2,164.31 Lakhs (YoY growth of 52.86%)
    •  EBITDA: ₹167.49 Lakhs (YoY growth of 0.87%)
    •  Net Profit (PAT): ₹101.34 Lakhs (YoY growth of 1.35%)

     9M FY26 Financial Highlights

    •  Total Revenue: ₹4,533.82 Lakhs
    •  EBITDA: ₹494.98 Lakhs
    •  Net Profit (PAT): ₹305.91 Lakhs

    Commenting on the performance, Mr Neeraj Agrawal, Chairman & Managing Director of Narmada Agrobase Limited said, “We are pleased with the strong and consistent performance delivered during Q3 and the nine months of FY26, reflecting the resilience of our business model and the robustness of our operations. Despite a dynamic operating environment, we recorded healthy growth in revenues and maintained a stable profit, driven by disciplined execution, efficient sourcing, and sustained demand for our products.

    Our focus on operational efficiency, quality assurance, and prudent cost management has enabled us to navigate market volatility while continuing to deliver value to our stakeholders. The strong performance during the period underscores the strength of our fundamentals and the scalability of our operating platform.

    As we move forward, we remain committed to strengthening our market presence, improving operational efficiencies, and pursuing sustainable growth opportunities, while maintaining financial discipline and long-term value creation.”

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  • Butterfly Dental Solutions Redefines Dental Distribution with Tech-Enabled Hy-Commerce™ Model

    Butterfly Dental Solutions Redefines Dental Distribution with Tech-Enabled Hy-Commerce™ Model

    New Delhi [India], February 15: Butterfly Dental Solutions (BDS) is transforming India’s dental distribution landscape with its tech-enabled Hy-Commerce marketplace, seamlessly combining digital speed with trusted human distribution. Designed to address the evolving needs of the dental ecosystem, BDS brings dentists, manufacturers, and local associates together on a single, integrated platform built on transparency, trust, and compliance.

    Positioned as a full-service dental Hy-Commerce marketplace, BDS blends the efficiency of e-commerce with the reliability of human-led engagement, ensuring that technology enhances, rather than replaces, long-standing professional relationships. The platform enables dentists and clinics to place seamless online orders while continuing to benefit from expert human interaction that ensures product authenticity, regulatory adherence, and consistent service quality.

    For dental professionals, this hybrid approach delivers the convenience of digital ordering without compromising on confidence and personal support. By maintaining a strong human interface where it matters most, BDS ensures reliability, accountability, and continuity, key pillars in clinical decision-making.

    Manufacturers benefit from a scalable, compliance-led go-to-market model that offers structured market access, improved visibility into demand, and reduced dependence on fragmented distribution channels. Through its technology backbone, BDS enables manufacturers to engage with the market in a more organised, transparent, and standards-driven manner.

    Strengthening its global alignment, Butterfly Dental Solutions is also an official partner of Henry Schein, the world’s largest dental products and Solutions Company. This partnership reinforces BDS’s commitment to international benchmarks in quality, compliance, and ethical business practices.

    BDS further empowers its associate network through an asset-light micro-entrepreneurship model. Franchise partners are supported with technology, structured training, centralised systems, and strong manufacturer relationships, enabling them to build sustainable local businesses with lower risk and long-term growth potential.

    At the core of Butterfly Dental Solutions’ Hy-Commerce™ approach are five defining principles:

    • Speed enabled by technology
    • Transparency in pricing and processes
    • Compliance by design
    • Human expertise where it truly matters
    • Scalable growth for every stakeholder

    With its future-ready vision, Butterfly Dental Solutions is building a next-generation dental distribution ecosystem, one that prioritises trust, performance, and long-term value creation, while staying true to its promise of digital efficiency powered by human reliability.

    Commenting on the initiative, Mr. Rakesh Julka, Co-Founder, Butterfly Dental Solutions said, “The Company is focused on building a structured, transparent, and compliance-driven operating framework that simplifies procurement for dental clinics while addressing systemic inefficiencies.”

    Mr. Murugan Pillai, Co-Founder, Butterfly Dental Solutions, added, “Combining technology with strong on-ground execution, Butterfly Dental Solutions is creating a scalable and future-ready dental supply chain that allows professionals to focus on patient care.”

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  • Gen Z Valentine Economy: 1 Generation, Many Industries Winning Big

    Gen Z Valentine Economy: 1 Generation, Many Industries Winning Big

    New Delhi [India], February 14: The Gen Z Valentine Economy is quiet, but categorical. Valentine’s Day is no longer used in a ritualistic, couples-focused way, but as a wider cultural phenomenon influenced by digital behaviour, emotional intelligence, and value-based purchases.

    For Gen Z, the celebration of Valentine’s Day no longer revolves around chivalrous acts or anticipated spending. It is about expression, timing, and shareability. The gift does not tell even half the story. The rest of the work is done by the experience, the post, the memory, and the relevance.

    This is not rebellion. It is evolution.

    Gen Z is born into smartphones, algorithms, and unlimited choice, which shapes their attitude toward consumption differently. They reward brands that avoid extravagance, respect individuality, and deliver emotional payoff without overshooting.

    Why Gen Z Spends Differently

    The Gen Z Valentine Economy is defined more by values than by budget limitations. This generation is not anti-consumption. It is anti-waste, anti-performance, and acutely allergic to performative romance.

    Gen Z has made Valentine’s Day inclusive. Friends count. Self-love counts. Experiences count. The old-fashioned notion that February 14 exists only for couples no longer holds in a world where identity and relationships are fluid.

    According to industry data, Gen Z consistently values authenticity, practicality, and emotional relevance. They are willing to spend, but only where they feel genuine value. Expensive does not equal meaningful. Visible does not equal valuable.

    These attitudes have opened new avenues for businesses willing to adapt.

    Creator Economy: Gifting Goes Public

    The creator ecosystem is among the biggest winners in the Gen Z Valentine Economy. Valentine’s Day is now peak content season, not merely a retail moment.

    Brands are no longer just selling products. They are enabling stories.

    What once defined influencer gifting as limited to beauty and luxury has expanded to cafés, subscription services, digital platforms, experience brands, and even small local businesses. The goal is no longer reach alone. It is relatability.

    Traditional Valentine advertising has been replaced by short-form video, especially reels. An informal café date recorded on a phone often performs better than a polished campaign. Gen Z trusts creators who feel human, not aspirationally distant.

    For this generation, a gift that translates into content carries disproportionate value. It wins when it tells a story, evokes emotion, or becomes part of everyday life.

    Power of Personalisation and D2C Brands

    Another clear beneficiary of the Gen Z Valentine Economy is direct-to-consumer brands. Their core strength is agility.

    From customised skincare sets and handcrafted chocolates to minimal jewellery and perfumes, D2C brands understand what Gen Z wants: control, choice, and character.

    Valentine’s Day has shifted from short-term sales spikes to long-term relationship building. Personal notes, pricing flexibility, limited quantities, and gender-neutral positioning align with a generation that values inclusivity and transparency.

    Self-gifting has also entered the mainstream. Many Gen Z consumers now buy Valentine’s products for themselves, not to conform, but as an act of self-care, making the occasion personal rather than performative.

    For D2C brands, this is not a seasonal win. It is a brand-building opportunity.

    Experiences Over Objects

    The shift toward experiences is perhaps the defining trait of the Gen Z Valentine Economy.

    Themed café menus, live performances, comedy shows, art workshops, pop-ups, and immersive experiences are seeing rising demand, especially in urban India. The product is not the ticket. It is the memory.

    Gen Z derives emotional value from experiences. They encourage connection, conversation, and content creation. Crucially, they are not permanent. An unused object can feel meaningless compared to a memorable night out.

    The celebration window has also expanded. Valentine-themed weekends and post-Valentine events now stretch commercial opportunities well beyond February 14.

    For hospitality, entertainment, and event businesses, this shift is structural, not temporary.

    Digital Gifting Comes of Age

    Digital gifting has quietly become one of the most practical expressions of the Gen Z Valentine Economy.

    Music and video subscriptions, fitness apps, gaming vouchers, curated playlists, and digital credits are increasingly popular. These gifts are instant, flexible, and affordable, qualities Gen Z values highly.

    Unlike physical gifts, digital offerings integrate seamlessly into daily life. Their value is not limited to the occasion, making them feel more personal and less performative.

    Experimental formats such as NFTs remain niche, but mainstream digital gifts continue to grow because they solve real problems. They are accessible, low-pressure, and relevant.

    In a world of limited time and attention, convenience is emotional.

    India’s Gen Z Valentine Playbook

    In India, the Gen Z Valentine Economy is shaped by cultural sensitivity and creative pragmatism.

    Young consumers across metros and emerging cities are choosing café hopping, shared experiences, digital gifting, and social-first celebrations over expensive dinners or traditional gifts.

    Creativity is prioritised over extravagance. Moments over markers. Connection over convention.

    This shift mirrors broader changes in Indian youth consumption. Gen Z, unlike previous generations, is comfortable blending global trends with local sensibilities. They celebrate differently, but deliberately.

    What This Means for Businesses

    The takeaway is simple. Valentine’s Day is no longer just a retail event. It is a cultural moment.

    Brands that succeed in the Gen Z Valentine Economy understand emotional logic. They prioritise relevance over luxury, experience over excess, and authenticity over polish.

    As Gen Z gains spending power, these trends will only strengthen. The future of Valentine’s Day belongs to businesses that show up meaningfully, not loudly.

    In this economy, love is not merely exchanged. It is shared, personalised, and experienced. Often in under 30 seconds.

  • NIS Management Limited Reports Q3 FY26 Revenue of Rs 103.77 Cr; 9M Revenue Stands at Rs 318.66 Cr

    NIS Management Limited Reports Q3 FY26 Revenue of Rs 103.77 Cr; 9M Revenue Stands at Rs 318.66 Cr

    Kolkata (West Bengal) [India], February 14: NIS Management Limited(BSE – 544495), One of leading integrated services platforms, specialising in security, facility management, electronic security, and skill development, NIS Management Limited has announced its Unaudited Q3 & 9M FY26 Financial Results.

    Key Consolidated Financial Highlights of Q3 FY26

    • Total Income of ₹ 103.77 Cr
    • EBITDA of ₹ 5.69 Cr
    • EBITDA Margin of 5.48%
    • PAT of ₹ 2.83 Cr
    • PAT Margin of 2.73%
    • EPS of ₹ 1.43

    Key Consolidated Financial Highlights of 9M FY26

    • Total Income of ₹ 318.66 Cr
    • EBITDA of ₹ 22.42 Cr
    • EBITDA Margin of 7.04%
    • PAT of ₹ 13.05 Cr
    • PAT Margin of 4.10%
    • EPS of ₹ 7.59

    Commenting on the Financial performance Mr. Debajit Choudhury Chairman & Managing Director, of NIS Management Limited said, “We are pleased to report a steady performance for Q3 and 9M FY26. During Q3 FY26, we achieved consolidated total income of ₹ 103.77 Cr with PAT of ₹ 2.83 Cr, while for 9M FY26, total income stood at ₹ 318.66 Cr and PAT at ₹ 13.05 Cr. The performance reflects consistent demand across our core security and integrated facility management services, supported by strong execution across multiple states and client segments.

    Our diversified service portfolio, large trained workforce, and long-standing client relationships continue to provide revenue stability and operational leverage. We are also seeing encouraging traction in technology-enabled security and higher-value facility management services, which is supporting margin improvement.

    Going forward, we remain focused on strengthening our integrated service offerings, improving operating efficiencies, and expanding into higher-margin segments while maintaining service quality and disciplined growth.”

    Disclaimer: This article is for informational purposes only and does not constitute financial advice.

  • Exide Empowers Future Engineers

    Exide Empowers Future Engineers

    Kolkata (West Bengal) [India], February 14– Exide Industries Limited has launched the Exide Diksha Scholarship, a merit-based scholarship program curated as part of its Corporate Social Responsibility (CSR) initiatives.

    The inaugural edition of the scholarship was rolled out across three premier institutions viz Jadavpur University, Indian Institute of Engineering Science and Technology Shibpur, and National Institute of Technology Durgapur. This marks the beginning of a long-term commitment to nurture young engineering talent in eastern India for the manufacturing industry, the future backbone of developed India. This initiative is set to expand to additional colleges across East and Northeast India next year.

    Exide Empowers Future Engineers-pnn

    The scholarship was open exclusively to the top 15 students from the Mechanical, Electrical, and Chemical Engineering departments of the participating institutions. These streams were thoughtfully chosen as students from these disciplines will play a vital role in shaping the future of the battery and energy storage industry.

    Following a structured selection process that included project evaluation and personal interviews, 24 students were chosen as the first cohort of Diksha Scholars.

    More than a scholarship, Exide Diksha reflects a shared commitment between industry and academia to nurture capability and ambition. By engaging directly with students through structured assessments and interactions, the program aims to bridge classroom learning with real-world industry exposure.

    About Exide Industries Limited
    Exide Industries Limited is one of India’s leading manufacturers of lead-acid storage batteries and power storage solutions, serving diverse sectors across automotive, industrial, and energy applications. Through its CSR initiatives, Exide continues to invest in education, community development, and sustainable growth.

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  • Varvee Global Limited (VGL) Reports Positive Q3FY26 Growth: Triple-Digit Revenue Gains and 85 Percent 9M Gross Margins

    Varvee Global Limited (VGL) Reports Positive Q3FY26 Growth: Triple-Digit Revenue Gains and 85 Percent 9M Gross Margins

    Structural Shift to High-Yield Non-Denim Portfolio; Balance Sheet De-risked with India Ratings ‘Positive’ Outlook

    Ahmedabad (Gujarat) [India], February 14: Varvee Global Limited (“VGL” or the “Company”) has announced its financial results for the quarter (Q3 FY26) and nine months ended December 31, 2025 (9M FY26). The results mark a strategic inflection point, as the Company transitions from a successful operational turnaround to a high-velocity growth phase, characterized by sector-leading margins and a fortified capital structure.

    Varvee Global Limited (VGL) Reports Positive Q3FY26 Growth: Triple-Digit Revenue Gains and 85 Percent 9M Gross Margins-PNN

    Q3 & 9M FY26 Key Takeaways

    The Company achieved a significant 9M EBITDA turnaround, reaching ₹1,125.49 lakh compared to a loss of ₹3,820.25 lakh in the prior-year period. While the Q3 EBITDA remains slightly negative due to timing and reinvestment, the 93.5% reduction in Q3 operating loss reflects a trajectory toward sustainable profitability.

    VGL’s deliberate shift away from legacy, commoditized denim toward value-added Non-Denim Shirtings and Suitings is now reflected in its 9M Gross Margin of 84.49%, a turnaround from a negative margin last year. This represents a substantial bps expansion YoY, proving the superior unit economics of the new management’s product mix alongside an 86.1% reduction in 9M raw material costs following a strategic portfolio rationalization.

    While 9M revenue grew 12.78%, 9M PAT surged by 71.67% to ₹4,104.10 lakh. This highlights significant operating leverage, where a lean, restructured cost base, including a reduction in employee costs achieved earlier in the year, is translating incremental revenue directly to the bottom line.

    Employee expenses for the nine-month period were reduced by 48.69% YoY to ₹307.67 lakh, showcasing the lean operational structure implemented by the new leadership.

    Finance costs for Q3 were effectively eliminated (₹0.03 lakh), a 99.99% reduction from Q3 FY25, following the full retirement of high-cost legacy debt.

    Institutional Milestones: Credit Rating & Capacity Scaling

    In a major institutional milestone, India Ratings and Research assigned an ‘IND BB/Positive’ issuer rating to VGL on January 28, 2026. This follows the withdrawal of the legacy ‘IVR D’ (Default) issuer non-cooperating rating by Infomerics on December 31, 2025, after the Company secured “No Due Certificates” from all major lenders, including SBI and Bank of Baroda, as well as confirmation of “No Dues” with respect to its fixed deposits. The ‘Positive’ outlook displays the Company’s robust liquidity and the sustainability of its turnaround.

    On January 5, 2026, VGL announced a 50% increase in production capacity for non-denim fabrics, scaling from 12 lakh to 18 lakh meters per month. This is an interim step toward the management’s long-term goal of 50 lakh meters per month, positioning VGL to capture high-margin demand in a domestic textile market projected to reach USD 250 billion by 2030–31.

    Management Outlook

    “Our Q3 and 9M results reflect a fundamental turnaround in VGL’s earning capability. By delivering 9M gross margins of 84.5% and achieving a positive 9M EBITDA, we have proven that our focus on premium non-denim fabrics is the correct path for long-term growth. The assignment of a ‘Positive’ rating outlook from India Ratings marks our transition into a more stable, institutional-grade financial profile. We are now aggressively scaling; our expansion to 18 lakh meters per month is just the first step toward our 50-lakh-meter goal. We remain committed to compounding free cash flow and maintaining a debt-free balance sheet as we capture the expanding opportunities in the Indian textile market.”

    — Mr. Jaimin Gupta, Chairman & Managing Director

    About Varvee Global Limited & TAM

    Headquartered in Ahmedabad, Varvee Global Limited (previously known as Aarvee Denims & Exports Ltd.) is a leading integrated textile manufacturer offering a comprehensive range of denim, non-denim, shirting, and suiting fabrics. Operating primarily from its Narol facility, Varvee Global Limited delivers end-to-end in-house capabilities, from yarn production to finishing, ensuring consistency in quality and flexibility in supply. Over three decades, Varvee Global Limited has built a vertically integrated platform serving domestic and international markets. Following a strategic restructuring and leadership transition in 2025, Varvee Global Limited now operates from its high-capability Narol unit, with a renewed focus on operational efficiency, cost optimisation, and technology-led supply chain enhancements.

    The Company achieved a debt-free status in June 2025, providing a stronger capital foundation to execute its revival plan. The Indian textile market, valued at USD 146.55 billion in 2024, is projected to reach USD 213.51 billion by 2033, with domestic demand and exports expected to hit USD 250 billion and USD 100 billion, respectively, by 2030–31. Within this, India’s denim industry has an installed capacity of 1,700 lakh meters, producing around 1,000 lakh meters annually (60–70% utilization), and the denim apparel market is forecast to grow from USD 1.14 billion in 2024 to USD 1.83 billion by 2033 at a 5.04% CAGR, with other estimates projecting USD 9.15 billion by 2026 at a 14% CAGR. Varvee Global Limited’s strategy is centred on expanding into emerging markets, diversifying into value-added fabrics, and aligning with global sourcing trends to capture new opportunities in both fashion and industrial textile segments.

    With a heritage of manufacturing excellence, a restructured balance sheet, and a future-ready operational model, Varvee Global Limited is positioning itself for sustainable value creation in the textile industry.

    Sources: Wazir Advisors, IMARC Group, MarkWide Research, IJIRT, PIB, and Henry Textile.

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  • IIT-Bombay Startup Infiheal Launches DuoChat, World’s First AI Relationship Coach

    IIT-Bombay Startup Infiheal Launches DuoChat, World’s First AI Relationship Coach

    New Delhi [India], February 14: Infiheal, an IIT Bombay mental health startup, has launched DuoChat, described as the world’s first AI relationship coach designed to help two people communicate together in real time and build stronger relationships.

    The product was introduced at the official pre-summit hosted by Infiheal and IGAP leading up to the India AI Summit 2026 in New Delhi, where senior leaders from major technology firms, public policy institutions, healthcare systems, international organizations, academic research centers, and regulatory authorities gathered to shape the future of responsible artificial intelligence.

    DuoChat’s release comes just ahead of Valentine’s Day, a time when conversations around love, compatibility, emotional connection, and relationship health naturally take center stage. While the season often focuses on celebration, mental health experts note that it also highlights communication gaps and unresolved tensions in partnerships — making early-stage support tools particularly relevant.

    Over the past decade, digital mental health tools have largely focused on individuals — offering support for anxiety management, emotional regulation, and personal resilience. However, research increasingly underscores that emotional well-being is deeply relational.

    A 2023 survey by the American Psychological Association found that nearly 60 percent of adults reported significant stress linked to friendships, family dynamics, or workplace communication — stressors that directly affect relationship quality.

    Despite this awareness, relationship support often remains reactive. Couples therapy is frequently sought only during crises, and access barriers — including cost, stigma, and long waitlists — can delay intervention. Many individuals attempt to resolve conflict independently, without a shared framework for constructive dialogue.

    Building a Shared AI-Facilitated Space

    Infiheal previously launched Healo, an AI mental health companion offering guided emotional support and therapist matching. Within just over a year, Healo grew to more than one million users, with 91 percent reporting improvement in how they felt after using the platform.

    During that expansion, the team observed a consistent pattern: a majority of user conversations centered on relationships — romantic, familial, and social. Users frequently uploaded screenshots of difficult exchanges, asking the AI to interpret tone and intent. While this offered individual clarity, it did not address the relational dynamic itself.

    DuoChat was built to bridge that gap.

    The platform creates a private, confidential chat environment where two participants engage simultaneously. The AI functions as a facilitator — not a replacement for communication. It introduces structured prompts, reflection cues, and perspective-building interventions designed to reduce defensiveness, prevent escalation, and clarify misinterpretations. Drawing from established relationship science and evidence-based therapeutic frameworks, the system intervenes selectively — primarily when conversations become heated or when guided reflection may restore empathy and understanding.

    Early-Stage, Preventative Support

    Globally, demand for counseling continues to outpace supply, leaving many couples and families waiting weeks or months for professional support. During these gaps, emotional distance can deepen.

    DuoChat positions itself as early-stage support — not therapy, but a preventative tool aimed at encouraging healthier dialogue before disconnection becomes entrenched.

    “We’ve built AI platforms to optimize productivity, entertainment, and even shopping. But we haven’t focused enough on leveraging AI to help people understand each other,” said Srishti Srivastava, Founder and CEO of Infiheal. “DuoChat is our attempt to shift AI toward strengthening human relationships, not replacing them.”

    India-Led Innovation in Mental Health AI

    Founded by Srishti Srivastava and Utkarsh Srivastava, Infiheal develops clinically validated AI models for mental healthcare within responsible AI frameworks, emphasizing safety and trust. The company has been recognized by Narendra Modi, in Mann Ki Baat and has showcased its work at global platforms such as the World Economic Forum in Davos.

    With DuoChat launching around Valentine’s Day, the startup expands its mission to make mental health support accessible, affordable, and stigma-free — while reframing AI not just as a tool for individual optimization, but as a bridge for stronger human connection.

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