Overview

• Standalone revenue rose to Rs 5,002 crore in Q2 FY26, taking H1 FY26 to Rs 10,063 crore, up 19% year on year.
• The company added 53 outlets in the quarter—13 Westside and 40 Zudio—expanding the network to 261 Westside and 806 Zudio stores, including three in the UAE.
• The stock fell after the update and remains below key short- and long-term moving averages, reflecting recent weakness.
• Bloomberg tracking shows 17 of 26 analysts rate the shares a buy, with five holds and four sells.
• Broker commentary points to moderating growth versus last year’s high base, with Bernstein flagging a slower start to FY26.