R.K. Fashion Accessories Limited profit more than triples in FY26

R K Fashion Accessories reported profit after tax of Rs 6.29 crore in FY26, more than three times the Rs 2.00 crore reported in FY25. Total income rose 77.0% to Rs 31.54 crore, while EBITDA and profit after tax grew faster than income, lifting calculated margins on the company’s restated financial-statement measures.

How much did R K Fashion Accessories’ FY26 profit increase?

R K Fashion Accessories’ profit after tax, or PAT, increased by Rs 4.29 crore to Rs 6.29 crore in the year ended March 31, 2026, from Rs 2.00 crore in the year ended March 31, 2025. The 214.8% increase means FY26 PAT was about 3.15 times FY25 PAT. PAT had increased from Rs 94.78 lakh in FY24 to Rs 2.00 crore in FY25, but the FY26 absolute increase was more than four times the Rs 1.05 crore increase in FY25.

Earnings per share, or EPS, increased to Rs 5.59 in FY26 from Rs 1.78 in FY25 and Rs 0.84 in FY24. The restated statements define basic and diluted EPS as restated profit for the period divided by the restated weighted average number of equity shares outstanding during that period. EPS therefore reflects the reported profit and the weighted average share base used for each year.

Did R K Fashion Accessories’ margin improve as income grew?

R K Fashion Accessories’ calculated EBITDA margin increased to 27.0% in FY26 from 17.0% in FY25, while its calculated net profit margin increased to 19.9% from 11.2%. The calculations use EBITDA and PAT, respectively, divided by total income. The restated statements define total income as revenue from operations plus other income, rather than revenue from operations alone.

EBITDA, or earnings before interest, tax, depreciation and amortisation, increased 181.5% to Rs 8.52 crore in FY26 from Rs 3.03 crore in FY25. That growth exceeded the 77.0% increase in total income to Rs 31.54 crore. The supplied financial summary reports the aggregate EBITDA and PAT figures but does not provide an expense-line breakdown, so it does not identify the individual cost movements behind the higher calculated margins.

Revenue from operations reached Rs 30.36 crore in FY26, compared with Rs 17.77 crore in FY25 and Rs 13.28 crore in FY24. Operating revenue increased 70.8% in FY26, while total income rose faster because the total-income definition also includes other income. Continued margin expansion would depend on the relationship between operating costs, other income and revenue, none of which is separately detailed in the supplied summary.

What business scale sits behind the FY26 profit increase?

R K Fashion Accessories operates in fashion jewellery through manufacturing by contract manufacturers and wholesale distribution, and also trades in branded cosmetics. The company describes its jewellery as handcrafted products incorporating traditional design elements and contemporary styles. Its business supplies wholesale channels and direct sales, but the FY26 financial summary does not split revenue, EBITDA or PAT between jewellery, cosmetics, wholesale and direct-sales activities.

Restated net worth rose to Rs 16.16 crore at March 31, 2026 from Rs 9.81 crore at March 31, 2025 and Rs 7.82 crore at March 31, 2024. Total share capital was Rs 11.25 crore at March 31, 2026, compared with Rs 65.95 lakh in both FY25 and FY24. Net asset value per equity share, defined as restated net worth divided by the restated number of equity shares outstanding, was Rs 14.37 in FY26 versus Rs 148.82 in FY25.

The shareholding summary shows promoters held 99.61% of 1,12,49,563 equity shares before the offer, while public shareholders held 0.33%. Mohammed Usman held 60.11% and Md. Qasim held 39.46%, together accounting for 99.57% of the pre-offer equity share capital. The disclosed offer would increase outstanding shares to 1,55,16,763 from 1,12,49,563, although post-offer shareholding percentages were not specified in the supplied table.

How did borrowings and related-party activity change in FY26?

R K Fashion Accessories reported total borrowings of Rs 1.70 crore at March 31, 2026, compared with Rs 60.88 lakh at March 31, 2025 and Rs 60.90 lakh at March 31, 2024. The summary classifies all reported borrowings as long-term at each year-end and shows no short-term borrowings. It defines total borrowings as long-term and short-term borrowings plus current maturities of finance-lease obligations shown under other current liabilities.

Related-party transactions totalled Rs 3.28 crore in FY26, or 10.79% of revenue from operations, compared with Rs 1.08 crore, or 6.10%, in FY25. The rupee amount increased by Rs 2.19 crore as revenue from operations increased by Rs 12.59 crore. The proportion remained well below FY24, when related-party transactions totalled Rs 8.82 crore and represented 66.40% of revenue from operations.

R K Fashion Accessories also disclosed three tax proceedings against the company involving Rs 33.23 lakh in aggregate as at the document date. The restated financial statements show contingent income-tax demands of Rs 32.03 lakh for assessment year 2018-19 and Rs 1.19 lakh for assessment year 2019-20. The statutory auditor had no qualifications in the audit reports included in the restated financial statements.

What disclosed plans could affect R K Fashion Accessories after FY26?

R K Fashion Accessories proposes to use offer proceeds for working capital and a new plating facility at Barubari, Kolkata, alongside a proposed business-to-business showroom and business-to-consumer store interiors in Kolkata. The disclosed allocation includes Rs 8.80 crore for the plating facility, Rs 5.37 crore for the showroom, Rs 2.48 crore for store interiors, Rs 5.60 crore for inventory for the proposed showroom and stores, and Rs 1.81 crore for working capital.

These stated uses are proposed applications of offer proceeds rather than FY26 operating results. The summary does not provide completion dates, projected revenue, expected margin, capital-return estimate or a project-level funding split beyond the disclosed amounts. The new plating facility, showroom, interiors and inventory plans would need to be implemented for these proposed additions to affect later operating capacity or sales.

Conclusion

R K Fashion Accessories’ FY26 results show profit growth that exceeded its increase in total income. PAT rose 214.8% to Rs 6.29 crore, EBITDA rose 181.5% to Rs 8.52 crore and calculated margins increased on the restated total-income basis. Revenue from operations grew 70.8% to Rs 30.36 crore, while related-party transactions represented 10.79% of that revenue, below FY24 but above FY25.

The next financial update will show whether FY26 profit and margin levels persist as R K Fashion Accessories pursues its disclosed Kolkata plating, showroom, store-interior and inventory plans. The supplied summary leaves unresolved the product-level profit mix, detailed cost movements, project completion timing and financial forecasts for the proposed use of proceeds.