Meenakshi India likely to slip on FY30 target, says Chairperson
Meenakshi India Limited has warned that it may miss its FY30 revenue targets due to geopolitical tensions and weak demand in Western markets. The company is currently scaling back expansion plans while navigating trade challenges.
Why it matters
The company's struggle reflects broader economic headwinds facing Indian apparel exporters in the current global trade environment.
Meenakshi India Limited, which was listed on the BSE Main Board on July 28 at ₹281.99 a share, is targeting revenue of ₹450–500 crore by FY30, nearly triple its FY26 revenue of ₹150.76 crore.
In an interaction, Chairperson & Managing Director Ashutosh Goenka said the company may not meet this timeline, stating the target could be “off by six months to a year” given the current geopolitical situation.
The Chennai-based apparel manufacturer’s FY26 revenue fell 9.36% year-on-year, from ₹166.33 crore in FY25. Profit After Tax dropped 73.25%, from ₹39.10 crore to ₹10.46 crore, while Operational EBITDA fell 65.44%, from ₹29.51 crore to ₹10.20 crore.
Q4 FY26 revenue fell 25.16% year-on-year to ₹45.72 crore, with PAT down 82.72% to ₹4.52 crore.
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