RattanIndia Enterprises (534597) Q4 25/26 earnings summary

Executive summary

• FY26 total income reached ₹7,537 Cr, up 10% year-over-year, with Q4 FY26 income at ₹1,647 Cr, a 13% increase from Q4 FY25.

• Audited standalone and consolidated financial results for FY26 show a consolidated net loss, with significant unrealized fair value losses on investments and segmental performance led by retail e-commerce and EV businesses.

• EBITDA for FY26 was ₹98 Cr, excluding a mark-to-market fair value loss of ₹172 Cr on RattanIndia Power Ltd. shares.

• The company operates in e-commerce, electric vehicles, Gen Z brands, and drones, with significant expansion in each segment.

Financial highlights

• FY26 total income: ₹7,537 Cr vs ₹6,876 Cr in FY25 (10% growth).

• Consolidated revenue from operations for FY26 was Rs. 75,305.14 million, up from Rs. 68,663.46 million year-over-year.

• Consolidated net loss for FY26 was Rs. 1,663.47 million, compared to net profit of Rs. 807.15 million in FY25.

• Cocoblu Retail FY26 revenue: ₹7,351 Cr, up 13% year-over-year.

• Significant unrealized fair value loss of Rs. 1,723.62 million recognized on investment in RattanIndia Power Limited for FY26.

Outlook and guidance

• Ambition to maintain current growth pace in e-commerce and expand further in the Middle East and GCC markets.

• EV motorcycle segment expected to see exponential growth, supported by favorable government policies in 28+ states.

• NeoSky drone business positioned for continued rapid expansion, leveraging government contracts and skilling initiatives.

• Management continues to monitor regulatory changes, including new Labour Codes and environmental rules, and will adjust accounting as frameworks are finalized.

• Group remains committed to growth in technology-focused businesses, including e-commerce, EVs, and drones.