Celebrity Fashions Limited (CELEBRITY)
₹6.35 +1.11% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Celebrity Fashions' revenue was ₹26.4 Cr (-35.0% year on year, -39.3% on the previous quarter), and net profit ₹-2.4 Cr (a smaller loss than a year earlier); the operating margin was -3.2%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹26.4 | -35.0% | -39.3% |
| Operating profit | ₹-0.8 | loss narrowed | to loss |
| Net profit | ₹-2.4 | loss narrowed | loss widened |
| EPS (₹) | -0.37 | loss narrowed | loss widened |
| Operating margin | -3.2% | — | — |
CELEBRITY delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 92.51% of the CELEBRITY shares traded on NSE were taken to delivery, against the stock's own 20-session average of 73.73%. That is higher than usual for this stock. Turnover was only ₹1 lakh, so a handful of trades can move this figure.
Delivery in the last 5 sessions: 76.3% · 75.0% · 62.0% · 69.8% · 92.5%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Celebrity Fashions Limited submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30th September 2026. The certificate was issued by Registrar and Transfer Agent MUFG Intime India Private Limited on 3rd October 2026. It confirms that securities received for dematerialisation were verified, accepted or rejected, and mutilated according to SEBI regulations within the prescribed timelines. This is a standard quarterly administrative filing with no financial or operational impact.
- Compliance certificate pertains to the quarter ended 30th September 2026
- Issued by RTA MUFG Intime India Private Limited dated 03-10-2026
- Submitted to BSE and NSE under Regulation 74(5) on 12th October 2026
Celebrity Fashions Limited announced the voting results of its 37th Annual General Meeting held on September 30, 2026. Shareholders approved both proposed resolutions with over 99.98% votes in favor. The approved items included the adoption of audited financial statements for FY26 and the re-appointment of Director Mr. Venkatesh Rajagopal, who retired by rotation. Overall voting participation was low among non-promoter segments, with zero public institutional votes recorded.
- Adoption of FY26 financial statements passed with 99.9945% votes in favor out of 20,925,638 votes polled.
- Re-appointment of Director Mr. Venkatesh Rajagopal passed with 99.9879% votes in favor out of 9,483,055 votes polled.
- A total of 47 shareholders attended the AGM via video conferencing (3 promoter group, 44 public).
- Public institutional participation stood at 0% out of 8,385,974 institutional shares held.
Celebrity Fashions announced that credit rating agency CRISIL has reaffirmed its credit ratings on bank loan facilities totaling ₹70.12 crore. The company's long-term rating was reaffirmed at 'CRISIL B+/Stable', while the short-term rating was reaffirmed at 'CRISIL A4'. The rated bank facilities of ₹70.12 crore exceed the company's total existing debt of ₹58 crore and represent approximately 44% of TTM revenue (₹158 crore). The ratings reflect ongoing pressure on the company's credit profile amid continued operating losses.
- Bank loan facilities rated: ₹70.12 crores
- Long-term rating reaffirmed at CRISIL B+/Stable
- Short-term rating reaffirmed at CRISIL A4
- Rated facilities represent ~44% of TTM revenue of ₹158 crore
Celebrity Fashions Limited has announced its Share Transfer Books and Register of Members will remain closed from September 23 to September 30, 2026, for its 37th Annual General Meeting (AGM). The AGM is scheduled to take place virtually via Video Conferencing on September 30, 2026, at 11:00 AM IST. This is a purely procedural regulatory filing with no operational or financial impact on the company. Financially, the micro-cap garment manufacturer remains strained, reporting a TTM net loss of ₹11 crore and a debt-to-equity ratio of 5.80.
- 37th Annual General Meeting scheduled for September 30, 2026, at 11:00 AM IST via Video Conferencing
- Book closure period set from September 23, 2026, to September 30, 2026 (both days inclusive)
- Filing made pursuant to Regulation 42 of SEBI LODR Regulations, 2015
Celebrity Fashions Limited has issued notice for its 37th Annual General Meeting scheduled for September 30, 2026, via Video Conferencing. Key ordinary business includes adopting audited financial statements for FY25-26 and the reappointment of Chairman Venkatesh Rajagopal, who retires by rotation. Remote e-voting runs from September 26 to September 29, 2026, with the cut-off date set as September 23, 2026. This administrative filing comes as the micro-cap company (market cap Rs 42 Cr) works through operational losses following FY26 net losses of Rs 15.72 Cr.
- 37th AGM scheduled for September 30, 2026, at 11:00 AM via VC/OAVM
- Cut-off date for e-voting established as September 23, 2026
- Remote e-voting window spans from September 26, 2026 (9:00 AM) to September 29, 2026 (5:00 PM)
- Proposed reappointment of Mr. Venkatesh Rajagopal, who retires by rotation
Celebrity Fashions reported a sharp 35% YoY decline in revenue to Rs 26.42 Cr for Q1 FY27, down from Rs 40.67 Cr in Q1 FY26. While the net loss narrowed to Rs 2.37 Cr from a loss of Rs 6.73 Cr in the previous year's quarter, the company remains under severe financial strain. Auditors have issued a 'Material Uncertainty Related to Going Concern' warning as accumulated losses reached Rs 57.31 Cr. The company also absorbed a Rs 3.55 Cr hit due to unreversed discounts provided to US customers during a tariff dispute.
- Revenue from operations fell 35% YoY to Rs 26.42 Cr from Rs 40.67 Cr.
- Net loss narrowed to Rs 2.37 Cr compared to a loss of Rs 6.73 Cr in the same quarter last year.
- Accumulated losses stand at Rs 57.31 Cr as of June 30, 2026, significantly exceeding the current market cap of Rs 42 Cr.
- Absorbed Rs 3.55 Cr in discounts/price reductions that customers refused to reverse despite US tariffs being withdrawn.
- Employee benefit expenses were reduced by 42% YoY to Rs 10.77 Cr, indicating aggressive cost-cutting.
Celebrity Fashions Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The filing confirms that share certificates received for dematerialization during the quarter ended June 30, 2026, were processed and the names of depositories were updated in the register of members. This is a standard administrative filing required for all listed companies to ensure the integrity of shareholding records. It has no impact on the company's financial performance or its current recovery strategy.
- Compliance certificate issued for the quarter ended 30th June 2026
- Confirmation provided by Registrar and Transfer Agent (RTA) MUFG Intime India Private Limited
- Physical security certificates were mutilated and cancelled after due verification
- Company maintains a high Debt-to-Equity ratio of 5.80 as per latest financial context
Celebrity Fashions Limited has announced the closure of its trading window starting July 1, 2026, in compliance with SEBI Insider Trading regulations. This closure is ahead of the declaration of the unaudited financial results for the quarter ending June 30, 2026. The window will remain closed for all designated persons until 48 hours after the results are made public. This is a standard regulatory procedure and does not indicate any fundamental change in the company's operations.
- Trading window closure commences on July 1, 2026
- Closure pertains to the unaudited financial results for the quarter ended June 30, 2026
- Window to remain closed until 48 hours after the official results declaration
- Compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015
Celebrity Fashions Limited has received final trading approval from BSE and NSE for 4,869,933 equity shares issued on a preferential basis. These shares were issued at a price of ₹10.31 per share, including a premium of ₹0.31. The shares are scheduled to be admitted for trading effective May 21, 2026. This move completes the listing process for the capital recently raised from promoters and non-promoters.
- Trading approval granted for 4,869,933 equity shares of ₹10 face value each.
- Issue price set at ₹10.31 per share, involving both promoters and non-promoters.
- Lock-in periods apply: 14,54,898 shares until Nov 30, 2027, and 34,15,035 shares until Nov 30, 2026.
- New shares will rank pari-passu with existing equity shares of the company.
Celebrity Fashions Limited announced its financial results for the quarter and financial year ended March 31, 2026. The company reported a total income of ₹172.48 crores for FY26, up slightly from ₹165.67 crores in FY25. However, it posted a net loss of ₹15.72 crores for the full year, though this is a slight improvement from the ₹18.26 crores loss in the previous fiscal year. Crucially, the statutory auditors have highlighted a material uncertainty regarding the company's ability to continue as a going concern due to accumulated losses of ₹54.93 crores as of March 31, 2026.
- Annual Revenue from Operations increased to ₹172.06 crores in FY26 from ₹165.26 crores in FY25.
- Net loss for FY26 stood at ₹15.72 crores compared to a net loss of ₹18.26 crores in FY25.
- Quarterly revenue for Q4FY26 dropped to ₹43.49 crores from ₹51.51 crores in Q4FY25.
- The company accumulated total losses of ₹54.93 crores as of March 31, 2026, leading to an auditor note on going concern.
- Basic and Diluted EPS for FY26 remained negative at ₹(2.63) per share.
Celebrity Fashions Limited has received listing approval from both NSE and BSE for 4,869,933 equity shares allotted on a preferential basis. These shares were issued at a price of ₹10.31 per share, including a premium of ₹0.31, for cash consideration. The total capital infusion from this allotment amounts to approximately ₹5.02 crore. This approval facilitates the trading of these new shares once depository credits are confirmed.
- Listing approval received for 48,69,933 equity shares of ₹10 each
- Preferential allotment price set at ₹10.31 per share (including ₹0.31 premium)
- Total fundraise value approximately ₹5.02 crore in cash
- Shares to be admitted for trading upon confirmation from NSDL/CDSL
- Distinctive numbers for new shares range from 59678414 to 64548346
Celebrity Fashions Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by the Registrar and Transfer Agent MUFG Intime India Private Limited, covers the quarter ended March 31, 2026. It confirms that all security certificates received for dematerialization were processed, cancelled, and the register of members was updated within the prescribed timelines. This is a standard procedural filing required for all listed companies in India.
- Compliance certificate submitted for the quarter ended March 31, 2026.
- Issued by Registrar and Transfer Agent (RTA) MUFG Intime India Private Limited.
- Confirms that physical share certificates were mutilated and cancelled after dematerialization.
- Ensures the name of depositories has been substituted in the register of members as the registered owner.
Celebrity Fashions Limited has announced the closure of its trading window starting April 1, 2026, in compliance with SEBI Insider Trading regulations. This closure is ahead of the declaration of the company's audited financial results for the fiscal year ending March 31, 2026. The window will remain closed for all designated persons and their relatives until 48 hours after the results are made public. This is a standard regulatory procedure for listed companies in India to ensure market integrity during the finalization of financial statements.
- Trading window closure commences on April 1, 2026 (Wednesday).
- Closure pertains to the audited financial results for the fiscal year ending March 31, 2026.
- The window will reopen 48 hours after the official announcement of the financial results.
- The restriction applies to all connected persons, designated persons, and their immediate relatives.
- The specific date for the board meeting to approve results will be announced separately.
Celebrity Fashions Limited has approved the allotment of 48,69,933 equity shares at a price of ₹10.31 per share, raising approximately ₹5.02 crore. The preferential issue involves both promoter and public participation, increasing the paid-up equity capital to ₹64.55 crore. Concurrently, the company is redeeming 50,20,900 1% Cumulative Redeemable Preference Shares (CRPS) worth ₹5.02 crore. This restructuring effectively replaces preference share obligations with permanent equity capital.
- Allotment of 48,69,933 equity shares at ₹10.31 per share (including ₹0.31 premium).
- Total capital raised through preferential issue is approximately ₹5.02 crore.
- Redemption of 50,20,900 1% Cumulative Redeemable Preference Shares (CRPS) of ₹10 each.
- Post-allotment paid-up equity share capital increases from ₹59.68 crore to ₹64.55 crore.
- Redemption date for CRPS adjusted to March 23-30, 2026, due to a local holiday on the original due date.
Celebrity Fashions Limited has approved the allotment of 48,69,933 equity shares at Rs. 10.31 per share, raising approximately Rs. 5.02 crore. The allotment includes participation from both the promoter group and public investors, increasing the total paid-up equity capital to Rs. 64.55 crore. Concurrently, the company is redeeming 50,20,900 1% Cumulative Redeemable Preference Shares (CRPS) of Rs. 10 each. This capital restructuring effectively swaps preference capital for equity, which may simplify the company's capital structure.
- Allotment of 48,69,933 equity shares at Rs. 10.31 per share (including Rs. 0.31 premium).
- Total fundraise through preferential issue amounts to approximately Rs. 5.02 crore.
- Redemption of 50,20,900 1% Cumulative Redeemable Preference Shares (CRPS) of Rs. 10 each.
- Paid-up equity share capital increased from Rs. 59.68 crore to Rs. 64.55 crore.
- Investors include promoters and public entities like Paradisal Precision Private Limited.
Financial Performance
Revenue Growth by Segment
The company reported a 5.92% decline in total operating income from INR 364.24 Cr in FY23 to INR 342.66 Cr in FY24. In Q1 FY25, revenue plummeted by 63.2% YoY to INR 36.24 Cr due to the loss of a major customer who previously contributed over 60% of total revenue.
Geographic Revenue Split
The company has high geographic concentration with the United States accounting for over 80% of the order book as of August 2025. This makes the company highly sensitive to US trade policies and consumer demand shifts.
Profitability Margins
Net profit after tax (PAT) margins declined from 1.69% in FY23 to 0.54% in FY24. The company reported a PAT of INR 1.84 Cr in FY24, a 70.08% decrease from INR 6.15 Cr in FY23, driven by lower scale and intense competitive pressure.
EBITDA Margin
EBITDA margin was 5.65% for FY24 but turned to a negative 16.14% in Q1 FY25. This sharp decline is primarily due to poor fixed cost absorption following a significant reduction in the scale of operations.
Capital Expenditure
Historical capital expenditure details are not explicitly provided, but the company has been raising funds to repay preference shares (INR 5 Cr per annum) from FY22 to FY24 rather than for major capacity expansion.
Credit Rating & Borrowing
Ratings were downgraded in September 2025 to 'CRISIL B+/Stable/CRISIL A4' from 'CRISIL BB-/Stable/CRISIL A4+'. Borrowing costs are impacted by an average financial risk profile with an interest coverage ratio that fell from 2.99x in FY23 to 1.95x in FY24.
Operational Drivers
Raw Materials
Woven cotton fabric and related textile trims represent the primary raw material costs, though specific percentage breakdowns per material are not disclosed in the available documents.
Capacity Expansion
Current capacity is not specified in MT or units; however, the company is currently focused on stabilizing operations rather than expansion, as EBITDA losses in FY25 have constrained capital for growth.
Raw Material Costs
Raw material costs are a significant portion of the operating expenses, and margins are currently under pressure due to a 63.2% drop in revenue which prevents efficient cost absorption.
Manufacturing Efficiency
Manufacturing efficiency has declined significantly in FY25, with negative EBITDA of 16.14% indicating that the current production volume is insufficient to cover fixed overheads.
Strategic Growth
Expected Growth Rate
20%
Growth Strategy
The company aims to achieve recovery through better order inflow from existing customers and the addition of new customers to replace the lost 60% revenue base. Strategic focus is on improving the operating margin to over 4% and stabilizing the capital structure to support cash accruals.
Products & Services
Readymade woven cotton garments for men and women, primarily for the export market.
Brand Portfolio
The company primarily operates as an exporter for international brands including Timberland, Northface, and LLBean.
Market Expansion
The company is looking to diversify its customer base to mitigate the impact of the recent major client loss, though specific target regions beyond the US are not detailed.
External Factors
Industry Trends
The readymade garment export industry is seeing a shift toward low-cost manufacturing hubs. CFL is positioned as an experienced player but faces disruption from lower-cost competitors in Bangladesh and Southeast Asia.
Competitive Landscape
Intense competition from both organized and unorganized players in India, Bangladesh, and Southeast Asia, which limits scalability and profitability.
Competitive Moat
The company's moat is based on the 20-year experience of its promoters and established relationships with premium global brands. However, this moat is currently weakened by the loss of a major revenue contributor and low pricing power.
Macro Economic Sensitivity
Highly sensitive to global trade dynamics and US economic health, as 80% of the order book is US-based.
Consumer Behavior
Demand is driven by global apparel trends and consumer spending in the US; a slowdown in these regions directly impacts order inflows.
Geopolitical Risks
Exposure to international trade barriers and global tariffs is a key monitorable, especially given the high concentration of exports to the US market.
Regulatory & Governance
Industry Regulations
Operations are subject to international manufacturing standards required by global brands and export-import regulations between India and the US.
Legal Contingencies
The company faces potential risks from the materialization of contingent liabilities, which could significantly deteriorate the financial risk profile and liquidity, though specific INR values for pending cases are not provided.
Risk Analysis
Key Uncertainties
The primary uncertainty is the ability to replace the 60% revenue gap left by a major customer exit. Failure to do so will lead to continued negative cash accruals (currently insufficient to cover debt obligations).
Geographic Concentration Risk
80% of revenue is concentrated in the US market.
Third Party Dependencies
High dependency on a few large international apparel brands for the majority of the order book.
Credit & Counterparty Risk
Receivables stood at 60-67 days as of March 2024, indicating a moderate credit risk from international buyers.