4 days ago
Stanley Lifestyles Q4 net profit rises 3 percent to Rs 10.50 crore
Stanley Lifestyles Ltd Q4 net profit rose by three percent to Rs 10.50 crore for the fourth quarter ended March 31, as against Rs 10.20 crore in the year-ago quarter.
The company's revenue declined by 5 percent to Rs 113 crore, as against Rs 119 crore in the corresponding quarter of the previous fiscal year.
For the full financial year, the company's net profit stood at Rs 29 crore on a sales revenue of Rs 426 crore.
Commenting on the performance Mr. Sunil Suresh, Managing Director in a statement said, 'Our distribution business vertical saw short-term disruption due to a realignment in credit policies from credit to cash & carry model impacting volumes. This vertical is now stabilizing, and we expect growth momentum to return by Q3 FY26 as channel partners adjust to the revised terms. Meanwhile, the B2B segment remained flat throughout the year.'
'On the profitability front, the localisation efforts and manufacturing efficiencies through in-house manufacturing has been progressing well, leading to an improvement of 237-bps in gross margins. The gross margin expanded to 56.3% in FY25 compared to 53.9% in FY24,' he added.
The company ended FY25. with 68 stores across India, comprising 44 of COCO stores and 24 FOFO stores.
