K. V. Toys India Ltd (544641)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, K. V.'s revenue was ₹94.0 Cr (+70.9% year on year, +16.0% on the previous half-year), and net profit ₹5.0 Cr (+66.7% year on year); the operating margin was 6.4%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹94.0 | +70.9% | +16.0% |
| Operating profit | ₹6.0 | +50.0% | +0.0% |
| Net profit | ₹5.0 | +66.7% | +25.0% |
| EPS (₹) | 7.45 | +20.7% | -15.6% |
| Operating margin | 6.4% | — | — |
📢 Recent Corporate Announcements
K.V. Toys India released its business update for H1 FY27, reporting revenue of ₹102.74 crore, reflecting a year-on-year growth of 27.70%. The Board has approved acquiring a 50% stake in Play Panda Private Limited, an educational and STEM toy maker, subject to due diligence and definitive agreements. Operationally, its 55% subsidiary Indo Manufacturers LLP began operations in May 2026 with an initial capacity of ~1.75 lakh units per month. The company's active network reached 700+ SKUs, 1,400+ wholesalers, and 30+ modern trade chains as of September 2026.
- H1 FY27 revenue reached ₹102.74 crore, up 27.70% YoY based on management estimates
- Board approved acquisition of a 50% stake in Play Panda Private Limited (educational/STEM toys)
- Indo Manufacturers LLP (55% subsidiary) began operations in May 2026 with 1.75 lakh units/month capacity
- Distribution network reached 700+ active SKUs, 1,400+ wholesalers, and 30+ modern trade chains
K. V. Toys India reported a robust FY26 with total income doubling to ₹175.17 Cr from ₹85.60 Cr in FY25. Profit After Tax (PAT) grew by 92% to ₹8.77 Cr, driven by an asset-light model and a portfolio of 700+ active SKUs. The company is diversifying into stationery and plush toys through new subsidiaries and strengthening backward integration via Indo Manufacturers LLP. The 3rd AGM is scheduled for August 14, 2026, to discuss these growth initiatives.
- Total income increased by 104.6% YoY to ₹175.17 Cr in FY26 compared to ₹85.60 Cr in FY25
- Profit After Tax (PAT) rose to ₹8.77 Cr from ₹4.56 Cr in the previous financial year
- Infrastructure expanded to 1 Lakh+ sq. ft. of assembly and warehousing space
- Distribution network now covers 2,000+ wholesale partners and 30+ modern trade chains across 18+ states
- Issued 45,00,000 fresh equity shares via loan conversion on July 6, 2024, impacting the equity base
K. V. Toys India Ltd reported a 23% YoY increase in total income for Q1 FY27, reaching ₹44.62 Cr compared to ₹36.39 Cr in the same period last year. The company is focusing on its proprietary 'QUCO' brand across multiple segments including educational toys, DIY kits, and board games. Management highlighted its manufacturing facility's compliance with SEDEX, ISI, and BIS standards as a key driver for domestic and export expansion. The Q1 revenue represents approximately 25.5% of the total FY26 revenue of ₹175 Cr, indicating steady seasonal performance.
- Total income grew by 23% YoY to ₹4,462 Lakhs in Q1 FY27.
- Q1 FY27 revenue of ₹44.62 Cr accounts for ~25.5% of the full-year FY26 revenue of ₹175 Cr.
- Company maintains a manufacturing facility with three major certifications: SEDEX, ISI, and BIS.
- Participated in the 17th Toy Biz International B2B Exhibition to strengthen distributor and institutional buyer engagement.
K. V. Toys India Ltd has released its FY 2025-26 Annual Report, highlighting its transition to a public limited company and the launch of an IPO for 16,80,000 equity shares on the BSE SME platform. The secretarial audit revealed several compliance lapses, including delayed filings of ROC forms (CHG-1, MGT-14, and PAS-6) related to charge creation and board resolutions. Strategically, the company approved the acquisition of 40,500 shares in Just Bear Private Limited and made small investments in Crayonix Stationery (Rs 65,000) and Indo Manufacturers LLP (Rs 55,000). A management change occurred with Mr. Kunal Shah taking over as CFO from Mr. Vishal Narang in July 2025.
- Launched an IPO of 16,80,000 equity shares for listing on the BSE SME platform
- Approved acquisition of 40,500 equity shares of Just Bear Private Limited via secondary purchase
- Invested Rs 65,000 for 6,500 equity shares in Crayonix Stationery Private Limited
- Contributed Rs 55,000 as capital to Indo Manufacturers LLP upon its incorporation
- Secretarial audit flagged multiple delays in filing statutory e-forms with the Registrar of Companies
K. V. Toys India Ltd has scheduled its 3rd Annual General Meeting (AGM) for August 14, 2026. The Board approved the FY26 Board's Report and set the book closure period from August 8 to August 14, 2026. A Secretarial Audit Report included in the filing highlights several procedural lapses, including delayed filings of forms related to charge creation, object clause alterations, and small-scale investments in Just Bear Private Limited and Crayonix Stationery Private Limited.
- 3rd Annual General Meeting scheduled for August 14, 2026, at 11:30 AM via VC/OAVM
- Book closure period fixed from August 8, 2026, to August 14, 2026
- Acquisition of 40,500 equity shares of Just Bear Private Limited via secondary purchase approved on Feb 3, 2026
- Investment of ₹65,000 for 6,500 equity shares in Crayonix Stationery Private Limited disclosed
- Multiple delays noted in filing e-Forms CHG-1, MGT-14, and PAS-6 with the Registrar of Companies
Financial Performance
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Strategic Growth
Products & Services
Toys (inferred from company name K V Toys India Limited).
External Factors
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Regulatory & Governance
Industry Regulations
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Legal Contingencies
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Risk Analysis
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