Sreeleathers Limited has announced its 35th AGM for September 28, 2026, where it will seek approval for a Rs 1 per share final dividend. The company reported a strong fiscal performance for FY 2025-26, with revenue climbing 12.40% to Rs 248.40 crore and profit after tax rising to Rs 28.74 crore. Shareholders should note the dividend record date of September 21, 2026. The firm also plans a 13% expansion in its retail store network across Central and North India for the coming year.
Sreeleathers Reports Robust FY26 Growth and Dividend
Profit after tax rose to Rs 28.74 crore from Rs 22.57 crore; revenue reached Rs 248.40 crore.
Reader Takeaway: Strong PAT growth and negative cash conversion cycle highlight operational efficiency, though competitive retail pressures remain.
What just happened
Sreeleathers Limited has scheduled its 35th Annual General Meeting (AGM) for September 28, 2026. The board has proposed a final dividend of Rs 1 per share, bringing the total annual payout to Rs 2 per share. The company has fixed September 21, 2026, as the record date for dividend eligibility.
Why this matters
The financial results demonstrate a healthy 12.40% revenue growth, reflecting effective cost management through hyper-local sourcing. The company’s ability to maintain a negative cash conversion cycle of -0.6 days highlights excellent liquidity and inventory management, allowing it to generate cash before paying suppliers.
Board and Management Update
Mr. Soham Dey is proposed for appointment as a Whole-time Director for a five-year term at a nominal remuneration of Rs 1 per annum. Additionally, Ms. Rochita Dey is up for re-appointment as a Director, continuing the current management strategy.
Future Growth Strategy
Sreeleathers aims to expand its current footprint of 31 stores by 13% in the next fiscal year. Management is prioritizing growth in Central and North India while enhancing warehousing capabilities to support e-commerce and physical retail operations. The company remains committed to a value-focused retail strategy to appeal to its core consumer base.
Context Metrics (FY 2025-26)
- Revenue: Rs 248.40 Crore
- Operating Profit: Rs 38.27 Crore
- Inventory Turnover: 22.11x
- CSR Expenditure: Rs 77.16 Lakh (exceeding statutory obligations)