Overview

Detailed Summary

Brand Concepts Limited is a Bangalore/Indore-based licensed fashion and lifestyle company that designs, manufactures and retails travel gear, bags, small leather goods and accessories through exclusive licences (Tommy Hilfiger, UCB, Juicy Couture, Superdry, Off-White, Aeropostale) and owned labels such as The Vertical and Sugarush, operating an omnichannel model across EBOs, MBOs, LFS, online platforms and Bagline stores.
Q3 FY26 topline grew 23% YoY to INR 883.3 million with a 366 basis-point gross margin expansion driven by increased in-house manufacturing; however, EBITDA and PBT were temporarily depressed due to deliberate investment spend, elevated interest cost and an exceptional ₹7.63 million labour-code provision reflecting one-off transitional liabilities.
The company has moved aggressively into backward integration and fulfilment: a new hard luggage manufacturing plant (initial 350k annual capacity and 20–25k monthly output currently), consolidation of soft-luggage capability via IFF overseas, and a 102,000 sq. ft. high-density warehouse enabling scale and improved unit economics over time.
Channel dynamics show Modern Trade gaining significance (Modern Trade share rose to 27% of 9M FY26 and the channel surged 63% YoY), Online steady at 42%, while manufacturing division share fell to 5% as in-house consumption rises; management plans to shift focus from pure growth to efficiency and margin optimisation across channels.
Financially, Brand Concepts is in a front-loaded capex and working-capital phase: borrowings and working capital have risen (current working capital borrowing ~INR 100 crore, debt/equity ~1.5x), inventories and receivables increased due to new brand launches and stocking, but management expects operating leverage and margin recovery as scale and mix improvements materialise.

Sector: Retailing
Industry: Speciality Retail
Market Cap: 228 Cr
Volatility: High Risk
P/E Ratio: 199.6
Industry P/E: 72.6
PEG Ratio: 1.7
P/B Ratio: 2.8
52W High: 442.90
52W Low: 176.60

Sales CAGR

1Y: 0.61%
3Y: 50.19%
5Y: 32.57%
10Y: —

Profit CAGR

1Y: -56.88%
3Y: 90.18%
5Y: —
10Y: —

ROE

TTM: 1.81%
3Y: 15.68%
5Y: 10.37%
10Y: 9.48%

ROCE

TTM: 6.59%
3Y: 23.84%
5Y: 20.41%
10Y: 20.72%

Technicals

‌

Forecasts

Peers

Consumer Discretionary Consumer Services Retailing Speciality Retail

Symbol	Watchlist	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
BHATIA		25.40	358 Cr	21.34	2.70	0.04	12.64	14.12	8.45
BRANDMAN		160.00	295 Cr	12.39	2.08	0.00	17.82	23.35	11.46
LOGICA		160.00	285 Cr	20.08	2.79	0.00	13.89	11.62	3.96
SHANKARA		110.80	269 Cr	69.97	0.60	0.00	0.86	3.38	0.51
BCONCEPTS		178.25	228 Cr	199.60	2.75	0.00	1.81	6.59	0.31
MAGSON		164.90	220 Cr	293.93	2.45	0.00	0.99	2.27	0.68
PRAXIS		7.50	139 Cr	-2.09	0.00	0.00	86.34	-40.51	-35.88
Median: 7 Co.	—	160.00	269 Cr	21.34	2.45	0.00	12.64	6.59	0.68

Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

Ask AI

Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales	66	58	69	71	67	66	72	98	88	90
Expenses	58	53	62	63	60	59	69	87	82	82
Operating Profit	7.61	5.18	7.36	7.88	7.05	6.86	3.00	11	6.51	8.18
OPM %	11.62	8.91	10.62	11.17	10.54	10.41	4.18	11.27	7.37	9.05
Other Income	0.43	0.22	0.18	0.17	0.12	0.33	0.57	0.34	-0.29	0.51
Interest	1.74	1.67	2.38	2.45	2.47	2.94	3.32	4.07	4.23	4.52
Depreciation	1.63	2.02	2.74	2.88	2.90	2.83	3.30	4.63	1.34	3.74
Profit Before Tax	4.67	1.72	2.42	2.71	1.80	1.41	-3.05	2.64	0.64	0.43
Tax %	34.48	37.79	28.93	34.32	0.56	7.09	11.15	11.74	0.00	-104.65
Net Profit	3.06	1.07	1.72	1.78	1.78	1.31	-2.72	2.34	0.64	0.88
EPS in Rs	2.38	0.94	1.35	1.34	1.39	1.02	-1.92	1.84	0.50	0.70

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	43	86	163	251	292	275
Expenses	45	78	142	223	260	250
Operating Profit	-1.71	7.75	21	28	32	25
OPM %	-4.01	8.99	13.01	11.05	10.80	9.01
Other Income	1.53	0.61	0.62	1.38	1.10	1.19
Interest	5.59	4.81	4.94	6.29	12	11
Depreciation	2.80	2.50	3.46	6.19	13	12
Profit Before Tax	-8.57	1.05	13	17	7.68	2.87
Tax %	26.49	27.38	25.38	33.96	31.86	25.09
Net Profit	-6.30	0.76	10	11	5.23	2.15
EPS in Rs	—	0.05	7.94	8.64	5.09	1.12
Dividend Payout %	0.00	0.00	10.68	0.00	0.00	—

Consolidated Balance Sheet (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	11	11	11	11	12
Reserves	7.07	7.66	17	45	67
Borrowings	35	32	35	63	140
Other Liabilities	23	25	32	42	53
Total Liabilities	75	76	95	161	273
Fixed Assets	7.30	9.89	15	40	59
CWIP	0.00	0.00	0.00	0.00	23
Investments	0.03	0.11	0.08	0.00	0.26
Other Assets	68	66	79	121	191
Total Assets	75	76	95	161	273

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	-0.66	13	12	-7.45	-2.83
Cash from Investing Activity	1.95	-5.15	-8.88	-30	-28
Cash from Financing Activity	-1.62	-7.52	-2.60	38	30
Net Cash Flow	-0.33	0.09	0.20	-0.12	-0.25

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Aug 2025	Sep 2025	Dec 2025	Mar 2026
Promoters	51.24%	48.82%	48.71%	48.71%	48.34%	48.34%	48.34%	48.34%	52.36%	52.36%	52.11%	52.11%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.08%	0.00%	0.00%	0.01%	0.00%	0.00%
DIIs	1.18%	2.48%	2.52%	2.10%	1.89%	1.37%	1.34%	0.49%	0.24%	0.24%	0.24%	0.24%
Public	47.58%	48.71%	48.77%	49.19%	49.77%	50.27%	50.24%	51.17%	47.40%	47.39%	47.65%	47.65%
Total Shareholders	4,299	5,213	7,469	10,376	12,465	12,558	12,117	11,908	11,660	11,976	11,281	10,812

Market Transactions

Unlock more with professional

Real-time bulk & block deal transactions
Export transaction data for analysis

Projection

Documents

Presentations

Concalls

Reports

Presentations

Investor Presentation

Q4 FY26

Investor Presentation

Q3 FY26

Investor Presentation

Q2 FY26

Available on Pro Plan