TNA Solutions Limited Export Share Reaches 52% of FY2026 Revenue

TNA Solutions Limited shifted to an export-led revenue mix in FY2026, when exports generated 52.03% of revenue from operations, compared with 2.79% in FY2024. The USA and UAE were the largest overseas markets, contributing Rs 21.1938 crore and Rs 15.9911 crore, respectively, to FY2026 revenue.

How did TNA Solutions’ export share change over three years?

TNA Solutions’ export share increased by 49.24 percentage points in two years, reaching 52.03% in FY2026 from 33.39% in FY2025 and 2.79% in FY2024. Export revenue rose from Rs 99.90 lakh in FY2024 to Rs 27.2074 crore in FY2025 and Rs 54.4122 crore in FY2026, while revenue from operations increased from Rs 35.8508 crore to Rs 81.4860 crore and then Rs 104.5872 crore.

The domestic business remained material in absolute terms but declined as a proportion of revenue from operations. Domestic revenue was Rs 34.8519 crore, or 97.21% of revenue from operations, in FY2024; it increased to Rs 54.2786 crore in FY2025 but represented 66.61%. In FY2026, domestic revenue was Rs 50.1750 crore and accounted for 47.97%, leaving exports marginally ahead of Indian sales.

The change arose alongside faster growth in overseas sales than in total revenue from operations. Export revenue increased by Rs 53.4132 crore between FY2024 and FY2026, whereas domestic revenue increased by Rs 15.3231 crore over the same period. The export-led mix will persist only if overseas orders remain sufficient to offset the FY2026 reduction of Rs 4.1036 crore in domestic revenue from FY2025.

Which overseas markets led TNA Solutions’ FY2026 exports?

The USA and UAE led TNA Solutions’ FY2026 overseas revenue, together providing Rs 37.1849 crore, equal to 35.55% of company revenue and 68.34% of export revenue. USA sales were Rs 21.1938 crore, or 20.26% of FY2026 revenue, while UAE sales were Rs 15.9911 crore, or 15.29%; performance in those two markets was therefore material to the export-led mix.

The export base also extended across South Africa, Israel, Singapore, Hong Kong, the UK, Malaysia, Italy and Mauritius in FY2026. South Africa generated Rs 6.2121 crore, or 5.94% of total revenue, followed by Israel at Rs 5.5283 crore, or 5.29%, and Singapore at Rs 2.9818 crore, or 2.85%. These three markets generated Rs 14.7222 crore combined, but each remained smaller than either the USA or UAE.

TNA Solutions sells home-textile products to buyers in the USA, UAE, South Africa, Israel, Singapore, Hong Kong, Malaysia and Mauritius, among other jurisdictions. Its Indore, Madhya Pradesh manufacturing facility performs cutting, stitching, embroidery, finishing, quality assurance, packaging and dispatch, while third-party logistics partners handle shipments with the required export documentation.

What changed in TNA Solutions’ overseas market mix?

TNA Solutions’ export growth was led by a sharp expansion in the USA and the entry or scaling of several markets. USA revenue increased from Rs 27.18 lakh in FY2024 to Rs 8.1224 crore in FY2025 and Rs 21.1938 crore in FY2026. UAE revenue rose from Rs 2.6923 crore in FY2024 to Rs 15.9911 crore in FY2026, while the geographic revenue table did not report UAE revenue for FY2025.

The composition changed from a small FY2024 export base centred on the UAE and Australia to a wider FY2026 set of markets. In FY2025, South Africa was the largest listed export market at Rs 13.7710 crore, or 16.90% of revenue from operations, ahead of the USA at 9.98% and Mauritius at 6.24%. By FY2026, South African revenue had declined to Rs 6.2121 crore, while the USA and UAE became the first and second-largest overseas contributors.

Israel, Singapore, Hong Kong, Italy and the UK were listed as FY2026 markets but not as export-revenue markets in FY2025. Mauritius, by contrast, declined from Rs 5.0813 crore in FY2025 to Rs 12.20 lakh in FY2026. These movements show that the export expansion was not uniform across all countries and that the FY2026 mix was more dependent on the USA and UAE than on South Africa or Mauritius.

What does the export shift mean for TNA Solutions’ business model?

TNA Solutions principally operates a business-to-business, or B2B, manufacturing model, producing home-textile goods to customer specifications for global retailers, importers and domestic brands. B2B revenue was Rs 104.1650 crore, or 99.60% of revenue from operations, in FY2026, compared with Rs 35.5863 crore, or 98.21%, in FY2024. The export share therefore reflects international customer orders within a predominantly customer-branded manufacturing operation rather than a large direct retail business.

TNA Solutions manufactures sheet sets, pillow shells, towels and top-of-bed products, including comforters, quilts and mattress protectors. Product mix also changed between FY2024 and FY2026: sheeting represented 50.95% of FY2026 revenue from operations, down from 90.13%, while pillow pairs rose to 31.86% from 1.55%. The company’s business-to-consumer, or B2C, revenue was Rs 42.23 lakh, or 0.40% of FY2026 revenue from operations.

The manufacturing model depends on both internal and external processes. TNA Solutions procures greige, or unprocessed, fabric from weavers and sends it to third-party processing houses for dyeing, printing and other wet processing while retaining ownership of the fabric. Continued export sales therefore require customer orders, processing-house execution, quality approval and timely logistics delivery, rather than access to overseas markets alone.

How concentrated is TNA Solutions’ remaining domestic revenue?

TNA Solutions’ FY2026 domestic revenue was concentrated in a limited number of Indian states. Haryana generated Rs 26.4566 crore, or 25.30% of total FY2026 revenue from operations, Madhya Pradesh generated Rs 11.3119 crore, or 10.82%, and Maharashtra generated Rs 7.6187 crore, or 7.28%. These three states together accounted for Rs 45.3872 crore, equal to 90.46% of domestic revenue of Rs 50.1750 crore.

Haryana’s share of company revenue fell from 51.10% in FY2024 to 39.87% in FY2025 and 25.30% in FY2026 as overseas revenue expanded. Madhya Pradesh rose from 0.70% of revenue from operations in FY2024 to 10.82% in FY2026, while Rajasthan contributed 2.50% in FY2026. The FY2026 position combined overseas concentration in the USA and UAE with domestic concentration principally in Haryana, Madhya Pradesh and Maharashtra.

Conclusion

TNA Solutions’ FY2026 revenue mix marks a measurable shift from a domestic supplier to an export-led B2B home-textile manufacturer. Exports rose from Rs 27.2074 crore in FY2025 to Rs 54.4122 crore in FY2026 and exceeded domestic revenue of Rs 50.1750 crore, but the USA and UAE supplied more than two-thirds of export sales.

The next disclosed operating milestone is a proposed manufacturing unit at Jetapur, Madhya Pradesh, expected to begin commercial production in the first quarter of FY 2027-28. TNA Solutions expects the facility to add 35,39,878 metres of annual installed capacity, a 67.77% increase over existing installed capacity; the durability of the export-led mix will depend on orders and execution in its principal overseas markets.