Thomas Scott FY26 Profit Jumps 51%; ₹300 Crore RPT Limits Proposed

FY26 revenue: ₹254.89 crore, up about 58% from ₹161.03 crore.
FY26 profit after tax: ₹19.30 crore, up about 51% from ₹12.80 crore.

Reader Takeaway: Strong earnings growth supports momentum, but large related-party limits and compliance follow-through need monitoring.

What just happened

Thomas Scott (India) delivered a sharp improvement in FY 2025-26 financial performance. Revenue increased to ₹254.89 crore from ₹161.03 crore in the previous year, while profit after tax rose to ₹19.30 crore from ₹12.80 crore.

Basic earnings per share increased to ₹13.35 from ₹11.58.

The company will place several important resolutions before shareholders at its 16th Annual General Meeting scheduled for September 29, 2026.

Why this matters

The earnings numbers show substantial business expansion. Revenue grew by about 58%, while profit after tax increased by roughly 51%, indicating that profitability broadly kept pace with the rapid increase in sales.

The company also absorbed an exceptional loss of ₹1.37 crore during FY26 following a fire at its Bhiwandi warehouse on November 25, 2025.

Against this backdrop, investors will focus on whether the company can sustain its higher revenue base and protect margins in FY27.

Related-party transactions in focus

Shareholders will vote on material related-party transaction limits aggregating up to ₹300 crore for the one-year period from September 30, 2026 to September 29, 2027.

Thomas Scott is seeking approval for transactions of up to ₹200 crore with Bang Overseas Limited covering purchases and sales of raw materials, finished goods and services.

A further ₹100 crore limit is proposed for transactions with Vedanta Creations Limited involving goods and services.

Management has said these transactions are in the ordinary course of business and are intended to support supply continuity, operational efficiency and cost optimisation. Given their size relative to FY26 revenue, shareholders will likely watch actual utilisation and transaction terms closely.

Management and governance

Vedant Bang is proposed to be re-appointed as Managing Director (E-Comm) for three years from October 1, 2026. The proposed monthly remuneration range is ₹6 lakh to ₹12 lakh.

Statutory auditor Bharat Gupta & Co. issued an unmodified report for FY26.

The secretarial audit recorded delays in submitting related-party transaction disclosures and noted that promoter shareholding was not fully held in dematerialised form. Management has stated that corrective steps are being taken.

What to track next

The September 29 AGM is the immediate trigger. Investors should watch voting outcomes on the ₹300 crore related-party transaction limits and Vedant Bang's re-appointment.

Beyond the AGM, the key financial tests will be revenue sustainability, PAT growth, margin performance and the extent to which approved related-party limits are actually used during FY27.