Raj Consumer Care September Profit Rises 26% Sequentially

Raj Consumer Care Limited reported profit after tax of Rs 1.40 crore for the quarter ended September 30, 2026, up 26% from Rs 1.11 crore in the preceding quarter as revenue from operations increased 25% to Rs 44.42 crore. Profit after tax was nevertheless below Rs 1.53 crore reported a year earlier despite a 10% increase in revenue.

How did Raj Consumer Care perform in the September quarter?

Raj Consumer Care increased revenue from operations to Rs 44.42 crore in the quarter ended September 30, 2026, from Rs 35.57 crore in the quarter ended June 30, 2026. Total income was Rs 44.43 crore, including other income of Rs 0.94 lakh, while total expenses rose to Rs 42.54 crore from Rs 34.04 crore. Profit before tax consequently increased to Rs 1.88 crore from Rs 1.52 crore.

Raj Consumer Care reported profit after tax of Rs 1.40 crore, compared with Rs 1.11 crore in the June 2026 quarter. Basic earnings per share were Rs 0.89, against Rs 0.74 in the preceding quarter, while diluted earnings per share were Rs 0.88, also compared with Rs 0.74. The September results were unaudited and approved by the board on November 5, 2026.

Why was Raj Consumer Care’s profit lower than a year earlier?

Raj Consumer Care’s September-quarter profit after tax was lower year on year because tax expense changed from a tax credit of Rs 2.74 lakh in the quarter ended September 30, 2025 to a tax expense of Rs 48.04 lakh in the latest quarter. Before tax, profit rose to Rs 1.88 crore from Rs 1.51 crore, an increase of about 25%.

Revenue from operations increased to Rs 44.42 crore from Rs 40.24 crore in the year-earlier September quarter, while total expenses rose to Rs 42.54 crore from Rs 38.75 crore. Material consumption was Rs 37.43 crore, compared with Rs 34.93 crore a year earlier. Employee-benefit expense increased to Rs 2.49 crore from Rs 2.17 crore, while other expenses rose to Rs 1.81 crore from Rs 1.73 crore.

Raj Consumer Care reported an inventory-related expense of Rs 45.50 lakh in the September 2026 quarter, compared with an inventory gain of Rs 72.04 lakh in the September 2025 quarter. Finance cost declined to Rs 9 lakh from Rs 22.16 lakh and depreciation and amortisation fell to Rs 26.72 lakh from Rs 40.79 lakh. Those reductions did not offset the increase in total costs accompanying higher sales.

What do Raj Consumer Care’s half-year results show?

Raj Consumer Care reported revenue from operations of Rs 79.97 crore for the half year ended September 30, 2026, up from Rs 73.84 crore in the corresponding half year of 2025. Profit before tax increased to Rs 3.41 crore from Rs 2.87 crore, but profit after tax declined to Rs 2.52 crore from Rs 2.94 crore as the latest half year carried tax expense of Rs 89.14 lakh.

The year-earlier half-year result included a total tax credit of Rs 6.88 lakh, whereas the April-to-September 2026 period recorded current tax of Rs 86.79 lakh and deferred-tax charge of Rs 2.35 lakh. Basic earnings per share for the latest half year were Rs 1.64, below Rs 1.96 a year earlier. Diluted earnings per share were Rs 1.63, versus Rs 1.96.

For the six-month period, total expenses were Rs 76.58 crore, compared with Rs 70.99 crore a year earlier. Material consumption rose to Rs 66.52 crore from Rs 62.95 crore, and employee-benefit expense increased to Rs 4.93 crore from Rs 4.20 crore. Finance cost decreased to Rs 14.08 lakh from Rs 44.74 lakh, while depreciation and amortisation declined to Rs 53.42 lakh from Rs 88.80 lakh.

What changed in Raj Consumer Care’s balance sheet and cash flow?

Raj Consumer Care’s total assets were Rs 46.49 crore as at September 30, 2026, compared with Rs 42.56 crore as at March 31, 2026. Current assets increased to Rs 27.38 crore from Rs 23.32 crore, including inventories of Rs 10.61 crore versus Rs 10.12 crore and trade receivables of Rs 13.28 crore versus Rs 10.53 crore.

Total equity was Rs 10.42 crore at September 30, 2026, compared with Rs 2.15 crore at March 31, 2026. Equity share capital rose to Rs 15.99 crore from Rs 14.99 crore, while other equity improved to negative Rs 5.57 crore from negative Rs 12.84 crore. Total liabilities declined to Rs 36.07 crore from Rs 40.41 crore, with current liabilities falling to Rs 35.03 crore from Rs 39.24 crore.

The half-year cash-flow statement reported net cash from operating activities of Rs 1.60 crore for the period ended September 30, 2026, compared with Rs 1.94 crore in the prior-year period. Cash used in investing activities was Rs 40.30 lakh, versus Rs 32.53 lakh. The statement also recorded net cash used in financing activities of Rs 1.15 crore, compared with Rs 1.62 crore a year earlier.

What unresolved payment matter did Raj Consumer Care disclose?

Raj Consumer Care disclosed difficulty in making payments to unsecured operational creditors and public fixed-deposit holders amounting to Rs 52.98 lakh as at September 30, 2026. The amount was unchanged from June 30, 2026 and relates to payments required under a resolution plan approved by the National Company Law Tribunal, or NCLT, on April 19, 2018.

Kailash Chand Jain & Co. highlighted the payment issue as an emphasis of matter in its limited review report dated November 5, 2026. The auditor said its conclusion was not qualified in respect of that matter and stated that nothing had come to its attention to suggest the unaudited results did not disclose information required under the listing regulations.

The review was conducted under Standard on Review Engagements 2410, which the auditor said provides moderate assurance through enquiries and analytical procedures. The auditor also said a limited review is substantially narrower than an audit and therefore does not provide assurance that all significant matters that could be identified in an audit would be identified.

Conclusion

Raj Consumer Care delivered sequential growth in the September 2026 quarter, with revenue rising to Rs 44.42 crore and profit after tax reaching Rs 1.40 crore. Compared with the September 2025 quarter, higher sales and a rise in profit before tax were offset at the profit-after-tax level by a shift from a Rs 2.74 lakh tax credit to Rs 48.04 lakh of tax expense.

The next results will show whether revenue growth and the quarter-on-quarter increase in profit before tax continue beyond the half-year revenue total of Rs 79.97 crore. Investors can also watch for progress on the Rs 52.98 lakh payment difficulty involving unsecured operational creditors and public fixed deposits under the NCLT-approved resolution plan.