Q1 FY27 Investor Presentation: Revenue ₹2,660 lakhs, loss narrows to ₹1,106 lakhs

Praxis shared its Q1 FY27 investor update.

Thu 24 Sep 2026

Q1 FY27 Revenue from Operations

₹2,660 lakhs, up 8% QoQ and 13% YoY

Gross Margin

43.2% vs 45.7% in Q4 FY26

EBITDA

₹-69 lakhs vs ₹-416 lakhs in Q4 FY26

Net Loss

₹1,106 lakhs vs ₹1,647 lakhs in Q1 FY26

Total Income

₹2,793 lakhs, down 5% QoQ

What was shared

Praxis Home Retail placed its investor presentation for the quarter ended June 30, 2026 (Q1 FY27) with BSE and NSE. It covers the company's strategy for rebuilding the HomeTown brand and a quarterly profit and loss summary. All figures are in ₹ lakhs.

Quarterly numbers

• Revenue from operations: 2,660 vs 2,474 in Q4 FY26 and 2,350 in Q1 FY26 (8% QoQ, 13% YoY)
• Other income: 132, down from 453 QoQ
• Total income: 2,793, down 5% QoQ
• Gross profit: 1,150; gross margin 43.2% vs 45.7% QoQ and 33.2% YoY
• Employee benefits expenses: 557, up 20% QoQ
• Other expenses: 794, down 48% QoQ
• EBITDA: -69 vs -416 in Q4 FY26 and -595 in Q1 FY26
• Depreciation & amortisation: 476; finance cost: 562
• PBT before exceptional items: -1,106
• PAT after exceptional items: -1,106 vs -11,530 in Q4 FY26 (which carried exceptional items of -10,100) and -1,647 in Q1 FY26

Management commentary

• Revenue grew 8% QoQ, but total income fell 5% QoQ due to one-time vendor settlements.
• Gross margin compressed to 43.2% from 45.7%, driven by loss on sale of scrap following store closures and the warehouse transition.
• Employee costs rose 20% QoQ on addition in capability.
• EBITDA narrowed closer to breakeven.

Strategy pillars outlined

• Solutions-led stores with consultative, whole-room selling
• Complete the Home: modular kitchens, wardrobes and white-space categories via own label or brand partnerships
• Customers for Life through loyalty, service, delivery and installation
• Deepen footprint with denser store clusters and connected online-offline journey
• A lean, self-funding engine through tighter supply chain, inventory and costs

How to read it

The company remains loss-making at both the operating and net level, but the losses are smaller than the preceding quarter and the year-ago quarter, with revenue and gross margin higher year-on-year. Finance cost of 562 and depreciation of 476 remain the main items keeping the bottom line negative.

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