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LOVABLE - Lovable Lingerie

📊 NSE: LOVABLE 🏢 Textiles - Products 📅 Last Updated: 12/14/2025 9:19

📢 Recent Corporate Announcements

Lovable Lingerie Q3 Results: Turnaround to Profit with 26% Revenue Growth YoY

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 12 Mar 2026, 01:11 PM

Lovable Lingerie reported a significant turnaround in Q3 FY26, posting a total net profit of ₹53.93 Lacs compared to a loss of ₹265.39 Lacs in the same quarter last year. Revenue from operations grew 26.3% YoY to ₹1,053.28 Lacs, while total expenses were reduced by 11.7% YoY. The performance was bolstered by a profit of ₹269.68 Lacs from continuing operations, though this was partially offset by a loss of ₹215.75 Lacs from discontinuing operations. For the nine-month period, the company has returned to profitability with a net profit of ₹41.94 Lacs.

Revenue from operations increased to ₹1,053.28 Lacs in Q3 FY26 from ₹834.04 Lacs in Q3 FY25.
Profit from continuing operations turned positive at ₹269.68 Lacs versus a loss of ₹265.39 Lacs YoY.
Total expenses decreased to ₹1,063.08 Lacs from ₹1,204.66 Lacs in the previous year's quarter despite higher sales.
The company recorded a significant loss of ₹215.75 Lacs from discontinuing operations during the quarter.
9M FY26 total profit stands at ₹41.94 Lacs compared to a loss of ₹183.11 Lacs in 9M FY25.

💡 The core business shows a healthy recovery with improved margins and revenue growth, suggesting operational efficiency. Investors should monitor the completion of the discontinuing operations to see if it leads to cleaner, higher-margin bottom-line growth in future quarters.

Lovable Lingerie Executive Director Vindamuri Giri Raj Resigns Effective Feb 28, 2026

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 28 Feb 2026, 01:53 PM

Lovable Lingerie Limited has announced the resignation of Mr. Vindamuri Giri Raj from his position as Executive Director. The resignation is scheduled to take effect from the close of business hours on February 28, 2026. The director has cited personal reasons for his departure and confirmed that there are no other material reasons behind the decision. This disclosure follows the requirements of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. Vindamuri Giri Raj (DIN: 09719564) has resigned as Executive Director of the company.
The resignation is effective from the close of business on February 28, 2026.
The reason provided for the resignation is purely personal reasons.
The company confirmed there are no other material reasons for the resignation other than those provided.

💡 Investors should monitor the company's future announcements regarding the appointment of a new Executive Director to ensure leadership continuity. No immediate portfolio action is required as the resignation appears to be a routine management change.

Lovable Lingerie Submits Q3 FY2025-26 SEBI Regulation 74(5) Compliance Certificate

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 09 Jan 2026, 04:16 PM

Lovable Lingerie Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the period ended December 31, 2025. The certificate, issued by the Registrar and Share Transfer Agent (RTA) MUFG Intime India Pvt. Ltd., confirms that all dematerialization requests were processed within the mandated timelines. It further verifies that physical security certificates were mutilated and cancelled after due verification by the depository participant. This filing is a standard administrative requirement to ensure the accuracy of the company's shareholding records.

Compliance certificate submitted for the quarter ended December 31, 2025.
Confirmation provided by RTA MUFG Intime India Pvt. Ltd. (formerly Link Intime India).
Dematerialized securities confirmed to be listed on respective stock exchanges.
Physical certificates were mutilated and cancelled within prescribed timelines after verification.

💡 This is a routine regulatory filing with no impact on the company's financial health or stock valuation. No action is required from investors.

Lovable Lingerie Announces Trading Window Closure from January 1, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 29 Dec 2025, 10:20 PM

Lovable Lingerie Limited has announced the closure of its trading window for all insiders and designated persons starting January 1, 2026. This action is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the company's Q3 financial results. The window will remain closed until 48 hours after the unaudited financial results for the quarter ending December 31, 2025, are declared. The specific date for the board meeting to approve these results will be announced in due course.

Trading window closure effective from January 1, 2026, for all designated persons.
Closure pertains to the declaration of unaudited financial results for the quarter ending December 31, 2025.
The restriction will be lifted 48 hours after the financial results are officially released to the exchanges.
Board meeting date for the approval of Q3 results is yet to be determined and notified.

💡 This is a routine regulatory filing and requires no immediate action from retail investors. Shareholders should look out for the upcoming board meeting date to assess the company's quarterly performance.

View All LOVABLE Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Total revenue from operations for H1 FY26 was INR 25.36 Cr, representing a 1.76% decline compared to INR 25.81 Cr in H1 FY25. Segment-specific growth is not disclosed.

Geographic Revenue Split

The company operates through 4 branches and a network of 180 distributors and 3,000 dealers across 21 cities, including presence in Large Format Stores like Shoppers Stop and Lifestyle.

Profitability Margins

Operating Profit Margin declined from 9.33% in FY24 to -7.72% in FY25 due to lower sales and exceptional items. Net Profit Margin fell from 6.72% to 4.23% over the same period.

EBITDA Margin

Historical PBILDT margins were 8.60% in FY17, a significant decline from 16.83% in FY16, primarily due to outdated stock sales and higher raw material costs.

Credit Rating & Borrowing

The company maintains a comfortable capital structure with low gearing (0.049x in FY25). Finance costs for H1 FY26 were INR 19.46 Lacs compared to INR 18.42 Lacs in H1 FY25.

⚙️ Operational Drivers

Raw Materials

Specific raw material names are not disclosed, but the company reported margin pressure due to rising raw material costs and loss on sale of outdated stock.

Import Sources

The CIF value of imports was INR 4.59 Lacs in FY25, up 62.7% from INR 2.82 Lacs in FY24. Specific source countries are not disclosed.

Raw Material Costs

Raw material costs increased in recent periods, contributing to a decline in PBILDT margins from 16.83% to 8.60% historically.

Logistics & Distribution

Selling and distribution expenses for H1 FY26 were INR 5.99 Cr, compared to INR 11.48 Cr for the full year FY25.

📈 Strategic Growth

Growth Strategy

The company focuses on its extensive distribution network of 180 distributors and 3,000 dealers serving 11,000 multi-brand outlets and direct marketing through 4 branches in 21 cities.

Products & Services

Women's innerwear, specifically lingerie, brassieres, and panties.

Brand Portfolio

Lovable.

Market Expansion

Presence in 21 cities via Large Format Stores like Shoppers Stop and Lifestyle.

🌍 External Factors

Industry Trends

The lingerie industry is facing stiff competition from both large organized players and the unorganized segment, leading to pricing pressure.

Competitive Landscape

Faces intense competition from large organized and unorganized segments, leading to a decline in debtors turnover from 3.13 to 1.94.

Competitive Moat

The company's moat is its established brand name 'Lovable' and a deep distribution network of 11,000 multi-brand outlets, though this is challenged by high inventory requirements.