Purple Style Labs544901Quarterly results

Q1 FY27 results: consolidated revenue ₹1,194.42 million, net loss ₹881.26 million

First results after listing (shares listed 07 September 2026).

By ScoutQuest · Thu 24 Sep 2026, 6:22 PM IST · 2 min read

Consolidated Revenue Q1 FY27: ₹1,194.42 million vs ₹1,057.27 million YoY
Consolidated Loss After Tax Q1 FY27: ₹881.26 million vs ₹1,003.22 million YoY
Loss Per Share: ₹12.92
IPO Proceeds Raised: ₹6,800.00 million from 11,826,086 fresh shares at ₹575 each
Total Expenses Q1 FY27: ₹2,020.47 million

What was decided

The Board met on 24 September 2026 (14:00 to 18:15 IST) and approved the unaudited standalone and consolidated financial results for the quarter ended 30 June 2026. These are the company's first results published under Regulation 33 after listing.

Consolidated numbers for the quarter

Revenue from operations: 1,194.42 million versus 1,057.27 million in the June 2025 quarter and 1,544.02 million in the March 2026 quarter
Other income: 24.56 million; total income 1,218.98 million
Purchases of stock-in-trade: 717.21 million
Employee benefits expense: 251.91 million
Finance costs: 339.87 million
Depreciation and amortisation: 348.42 million
Total expenses: 2,020.47 million
Loss before exceptional item and tax: 801.49 million
Exceptional item (employee stock option compensation): 79.77 million
Loss after tax: 881.26 million, against 1,003.22 million a year earlier and 629.40 million in the preceding quarter
Basic and diluted loss per share: 12.92
Other equity as at 31 March 2026: negative 1,205.13 million

For the full year ended 31 March 2026, consolidated revenue was 5,578.38 million with a loss after tax of 2,853.99 million.

Standalone numbers

Revenue from operations: 182.62 million versus 186.11 million a year earlier
Other income: 99.53 million
Total expenses: 243.29 million
Profit before exceptional item and tax: 38.86 million
Exceptional item (ESOP cost): 69.18 million
Loss after tax: 30.32 million; loss per share 0.44

IPO and listing

After the quarter ended, the company completed an IPO entirely of a fresh issue of 11,826,086 equity shares of face value 10 each at 575 per share (premium of 565), aggregating 6,800.00 million. The shares were listed on NSE and BSE on 07 September 2026. The company said it will provide an update on utilisation of IPO proceeds from the next reporting period.

Other points

Paid-up equity share capital: 682.35 million
Subsidiaries consolidated: PSL Retail Private Limited, Purple Style Labs UK Limited and Purple Style Labs USA, Inc.
Two subsidiaries not reviewed by the principal auditor reflected revenues of 122.93 million and a net loss after tax of 151.08 million for the quarter
In April 2026 the company invested a further 76.26 million and acquired 600 equity shares of its UK subsidiary
The joint auditors issued unmodified review conclusions; comparative figures for the March 2026 and June 2025 quarters were not audited or reviewed
Figures are reported in millions and the group operates as a single business segment

How to read it

Revenue grew year on year at the consolidated level and the loss narrowed compared with the same quarter last year, but the group remains loss-making, with finance costs and depreciation together larger than the reported quarterly gross expense heads other than purchases. Quarterly figures are not annualised.

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