3 weeks ago
Meenakshi India posts ₹7 crore net profit in Q1 FY27
Meenakshi India Limited is a clothing company based in Chennai, India.
It makes clothes and sells them in countries like the United States and Europe.
The company just finished the first three months of its new financial year.
During that time, it earned ₹35 crore from selling its products.
That is less than the ₹48 crore it earned in the same period last year.
Even so, the company made more profit this time.
Profit went up from ₹4.52 crore to ₹7 crore.
The boss, Ashutosh Goenka, says the extra profit mostly came from other income, not from selling more clothes.
He also said that taxes on clothes, called tariffs, in the US and slower shopping in Europe made things harder.
The company hopes trade agreements will fix the tariff problem and help it grow.
Meenakshi India Limited, a Chennai-based apparel company, reported a net profit of ₹7 crore on revenue of ₹35 crore in Q1 FY27 ended June 30, 2026.
In the same quarter last year, the company posted a net profit of ₹4.52 crore on revenue of ₹48 crore.
Chairman & Managing Director Ashutosh Goenka said profitability improved significantly, supported primarily by other income.
Revenues remained broadly stable during the quarter, according to the company.
The company cited US tariff-related uncertainty and slower demand in Europe, and expects improvement once tariff disadvantages versus Bangladesh and Vietnam are addressed through trade agreements.
- Who
- Meenakshi India Limited, a Chennai-based apparel company led by Chairman & Managing Director Ashutosh Goenka
- What
- Reported a net profit of ₹7 crore on revenue of ₹35 crore in the first quarter of FY27
- Where
- Chennai, India (company headquarters), with sales tied to US and European markets
- When
- Quarter ended June 30, 2026; results published on August 12, 2026
- Why
- Profitability improved significantly, supported primarily by other income, amid US tariff uncertainty and slower European demand
Key facts
- Company
- Meenakshi India Limited
- Headquarters
- Chennai, India
- Industry
- Apparel
- Quarter
- Q1 FY27 (ended June 30, 2026)
- Net Profit
- ₹7 crore (vs ₹4.52 crore year ago)
- Revenue
- ₹35 crore (vs ₹48 crore year ago)
- Chairman & Managing Director
- Ashutosh Goenka
- Key Markets
- United States and Europe
Quotes
Ashutosh Goenka
Chairman & Managing Director of Meenakshi India Limited
“While revenues remained broadly stable, our reported profitability improved significantly, supported primarily by other income during the quarter.”
thehindubusinessline.com
Sources
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