Add-Shop revenue rises 41% as September profit reaches Rs 28.59 lakh

Add-Shop E-Retail Limited reported September-quarter revenue of Rs 47.0743 crore, 41% above the prior-year quarter, while profit for the period rose to Rs 28.59 lakh from Rs 22.73 lakh. The standalone unaudited results for the quarter ended September 30, 2026 showed total expenses of Rs 46.5974 crore and profit before tax of Rs 37.69 lakh.

What did Add-Shop report for the September quarter?

Add-Shop reported revenue from operations and total income of Rs 47.0743 crore for the quarter ended September 30, 2026, compared with Rs 33.3976 crore in the quarter ended September 30, 2025. The Rs 13.6767 crore increase equalled about 41% year on year. The filing showed no separate other-income amount, so total income was the same as revenue from operations in both periods.

Profit for the period increased to Rs 28.59 lakh from Rs 22.73 lakh a year earlier, while profit before tax rose to Rs 37.69 lakh from Rs 29.21 lakh. Basic and diluted earnings per share were Rs 0.10, compared with Rs 0.08 in the prior-year quarter. Add-Shop reported no exceptional items, extraordinary items, discontinued operations or other comprehensive income for the September 2026 quarter.

Sequentially, revenue increased from Rs 45.6389 crore in the quarter ended June 30, 2026, to Rs 47.0743 crore in the September quarter. Profit for the period rose from Rs 26.69 lakh in June 2026, and profit before tax increased from Rs 35.69 lakh. The board approved the standalone unaudited quarterly and half-yearly results at its November 2, 2026 meeting.

How did expenses and tax affect Add-Shop's September profit?

Add-Shop's total expenses rose to Rs 46.5974 crore in the September 2026 quarter from Rs 33.1055 crore a year earlier. Expenses increased by Rs 13.4919 crore, slightly less than the Rs 13.6767 crore rise in total income. As a result, profit before tax increased by Rs 8.48 lakh, from Rs 29.21 lakh to Rs 37.69 lakh.

Cost of materials consumed was Rs 34.7008 crore, compared with Rs 43.2054 crore in the September 2025 quarter. The statement also recorded purchase of stock-in-trade of Rs 1.7565 crore in the latest quarter, while the prior-year quarter included an inventory change of Rs 20.6766 crore. These separate inventory-related lines changed between periods, making total expenses the direct reported measure of overall cost movement.

Other expenses declined to Rs 9.164 crore from Rs 9.8527 crore, while employee benefits expense rose to Rs 52.38 lakh from Rs 25.67 lakh. Finance costs increased to Rs 36.33 lakh from Rs 29.94 lakh, and depreciation and amortisation rose to Rs 18.90 lakh from Rs 15.79 lakh. The tax expense lines totalled Rs 9.09 lakh, reducing profit before tax of Rs 37.69 lakh to profit for the period of Rs 28.59 lakh.

Which Add-Shop segments drove revenue growth?

Add-Shop's Animal Food segment remained its largest disclosed business, generating September-quarter revenue of Rs 37.8053 crore, compared with Rs 25.4543 crore a year earlier. Its Rs 12.351 crore increase accounted for most of the company's Rs 13.6767 crore revenue increase. Animal Food represented about four-fifths of the Rs 47.0743 crore total segment revenue reported for the quarter.

Ayurvadic Product revenue increased to Rs 5.0978 crore from Rs 4.6624 crore, while Agriculture Product revenue rose to Rs 3.9396 crore from Rs 3.2421 crore. Books and Others generated Rs 22.11 lakh, against Rs 1.22 lakh in the previous year's quarter. Sanitary Pad revenue declined to Rs 8,000 from Rs 23,000, and unallocable revenue declined to Rs 98,000 from Rs 2.42 lakh.

Segment results did not move uniformly with segment sales. Ayurvadic Product's segment result increased to Rs 4.1497 crore from Rs 1.318 crore, and Agriculture Product's result rose to Rs 3.101 crore from Rs 2.3662 crore. Animal Food's segment result fell to Rs 2.7393 crore from Rs 6.9316 crore, while the unallocable segment loss narrowed to Rs 9.8681 crore from Rs 10.2717 crore.

What does Add-Shop's half-year result show?

Add-Shop reported total income of Rs 92.7132 crore for the half year ended September 30, 2026, compared with Rs 62.8098 crore in the corresponding period of 2025. The Rs 29.9034 crore increase was about 48%, exceeding the 41% growth reported for the September quarter alone. Half-year profit before tax increased to Rs 73.38 lakh from Rs 58.08 lakh.

Profit for the six months was Rs 55.27 lakh, compared with Rs 43.68 lakh a year earlier. Half-year tax expense was Rs 18.11 lakh, comprising Rs 15.96 lakh of current tax and Rs 2.15 lakh of deferred tax as reported in the statement. Basic and diluted earnings per share for the half year were Rs 0.20, versus Rs 0.15 in the prior-year period.

Animal Food generated half-year revenue of Rs 73.8385 crore, compared with Rs 46.9541 crore a year earlier. Ayurvadic Product revenue rose to Rs 10.1264 crore from Rs 8.7214 crore, and Agriculture Product revenue reached Rs 8.512 crore from Rs 7.0592 crore. However, Animal Food's segment result declined to Rs 5.5164 crore from Rs 8.2546 crore, while Ayurvadic Product's increased to Rs 7.9778 crore from Rs 4.2212 crore.

How did Add-Shop's balance sheet change by September 2026?

Add-Shop's total assets were Rs 161.0149 crore as at September 30, 2026, compared with Rs 152.2934 crore as at March 31, 2026. Trade receivables rose to Rs 119.373 crore from Rs 112.1899 crore, while inventories declined to Rs 31.2615 crore from Rs 32.5312 crore. The movement in receivables was larger than the Rs 8.7215 crore increase in total assets.

Property, plant and equipment increased to Rs 7.5057 crore from Rs 6.115 crore, while cash and cash equivalents rose to Rs 27 lakh from Rs 18.99 lakh. Other current assets increased to Rs 1.503 crore from Rs 17.65 lakh. Long-term loans and advances were Rs 7.25 lakh at September 30, compared with Rs 7.05 lakh at March 31.

Share capital was unchanged at Rs 28.313 crore, while other equity increased to Rs 86.1478 crore from Rs 85.595 crore. Long-term borrowings rose to Rs 5.1577 crore from Rs 1.1701 crore, whereas short-term borrowings declined to Rs 10.97 crore from Rs 11.2461 crore. Add-Shop stated that it had no subsidiary and reported zero investor complaints received, disposed of or unresolved as at September 30, 2026.

Conclusion

Add-Shop's September-quarter filing shows that sales growth translated into higher profit, although profit increased by less than revenue. Animal Food supplied most of the revenue increase, while the segment's reported result declined year on year. Higher employee, finance and depreciation costs, together with a Rs 9.09 lakh tax charge, help explain the difference between revenue momentum and profit growth.

The filing leaves the future movement in Animal Food segment results and the Rs 119.373 crore trade-receivables balance unresolved. Subsequent financial disclosures will show whether revenue growth continues, whether Animal Food's segment result changes, and how receivables, inventories and borrowing levels develop after September 30, 2026.