Popees Reports ₹161.93 Crore Revenue in FY26, Plans Nationwide Expansion
Kerala-based baby and kidswear company records nearly 20% revenue growth and an increase in net profit to ₹8.37 crore as it targets a broader presence across India.
Popees Baby Care Products Limited, the Kerala-based company behind the Popees baby and kidswear brand, is planning to expand its presence across India following revenue growth of nearly 20% in FY26. The company reported revenue from operations of ₹161.93 crore for the financial year, compared with ₹135.30 crore in FY25, while net profit rose to ₹8.37 crore from ₹7.37 crore.
The planned expansion is aimed at extending the company's reach beyond its established markets in South India. Popees intends to leverage its manufacturing capabilities, retail and distribution network, and diversified product portfolio to reach more families across the country.
Revenue and Net Profit Increase in FY26
Popees reported the following financial results for the financial year 2025–26:
- Revenue from operations: ₹161.93 crore, up from ₹135.30 crore in FY25.
- Net profit: ₹8.37 crore, compared with ₹7.37 crore in FY25.
- Revenue growth: Nearly 20% year-on-year.
- Net profit growth: Around 14% year-on-year.
The financial performance provides a foundation for the company's plans to expand its operations and strengthen its presence in the baby care and kidswear segments.
Diversified Product Portfolio Supports Expansion Plans
Popees offers a range of products for newborns, children and mothers. Its portfolio includes newborn and children's clothing, diapers, wipes, toiletries, infant essentials, maternity wear, footwear and other baby care products.
The company plans to bring this range to a wider national market, targeting families looking for products for newborns and growing children.
Its diversified portfolio is expected to support efforts to expand beyond existing markets and reach consumers in additional parts of India.
Manufacturing Network Spans Three States
Popees operates three manufacturing facilities across Kerala, Karnataka and Tamil Nadu, with a combined installed production capacity of approximately nine lakh sets per month.
The manufacturing network, supported by the company's existing retail and distribution presence, provides the operational base for its planned expansion.
India's baby care and children's products segment offers opportunities for brands that combine product variety, quality and distribution reach. Popees aims to build on its established market position and manufacturing infrastructure to increase its national presence.
CRISIL Assigns Ratings to Bank Facilities
Popees' business profile has also received recognition through ratings assigned by CRISIL Ratings. The agency assigned CRISIL BBB/Stable to the company's long-term bank facilities and CRISIL A3+ to its short-term facilities, covering total bank facilities of ₹50 crore.
According to the company, CRISIL cited factors including the promoters' nearly 25 years of experience in the baby and kidswear segment, the established market position of the Popees brand, business growth and financial profile.
Proposed Acquisition to Bring Business Under Listed Entity
In a significant corporate development, Popees Baby Care India Limited, formerly known as Hari Govind International Limited, has approved the proposed acquisition of a 99.31% stake in Popees Baby Care Products Limited through a share-swap arrangement.
The proposed transaction is valued at approximately ₹511.33 crore and is intended to bring the operating business under the listed entity. Completion remains subject to applicable approvals and the fulfilment of transaction requirements.
Commenting on the company's expansion plans and proposed corporate integration, Shaju Thomas, Managing Director, Popees Baby Care India Limited, said:
“Our ambition is to take Popees beyond its established markets in South India and build a stronger national presence across the baby care and kidswear segments. With a diversified product portfolio, manufacturing capabilities across three states and a brand built over more than two decades, we are well positioned to reach more families across India. The proposed integration with the listed entity is an important step in this journey, providing a platform to scale our operations, expand our reach and build long-term value for our customers and shareholders,”
The proposed acquisition is intended to establish a platform for scaling operations and extending the company's reach, subject to the necessary approvals and completion of the transaction.