Lovable Lingerie Q1 FY27 Results: Revenue Falls 22% to Rs 12 Crore, PAT Stable at Rs 3 Crore
- August 17, 2026
- Posted by: Neeraj Pandey
- Category: Market
Lovable Lingerie Q1 FY27: Revenue Rs 12 Cr (-22.21% YoY). PAT Rs 3 Cr (-1.62%). Gross profit Rs 1 Cr vs Rs -0.30 Cr (+519.46%). Standalone. CMP Rs 71.66 on Aug 13, 2026.
Quick Answer
Lovable Lingerie Q1 FY27 results showed standalone revenue declining 22.21% to Rs 12 crore while PAT held stable at Rs 3 crore with just 1.62% decline — remarkable earnings resilience as gross profit swung from Rs -0.30 crore to Rs 1 crore, fully supported by strong non-operating income.
Lovable Lingerie Q1 FY27 results showed the standalone branded innerwear company posting Rs 12 crore revenue, down 22.21% from Rs 16 crore in Q1 FY26. The revenue decline reflects either a deliberate product portfolio rationalisation or demand softness in the branded innerwear segment.
The Lovable Lingerie Q1 FY27 results showed gross profit swinging from Rs -0.30 crore to Rs 1 crore on 22% lower revenue — a dramatic improvement in per-unit economics suggesting the company exited loss-making product SKUs or channels while retaining higher-margin branded innerwear. PAT held at Rs 3 crore, primarily supported by substantial non-operating income.
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Lovable Lingeri Q1 FY27 Financial Highlights
| Metric | Q1 FY27 (Rs Crore) | Q1 FY26 (Rs Crore) | YoY Change |
|---|---|---|---|
| Revenue | 12.00 | 16.00 | -22.21% |
| Gross Profit | 1.00 | -0.30 | +519.46% |
| Net Profit / PAT | 3.00 | 3.00 | -1.62% |
Lovable Lingeri Q1 FY27 Performance Analysis
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Lovable Lingerie Q1 FY27 results show an extraordinary combination: 22% revenue decline alongside gross profit swinging to positive from negative. This is the strongest possible signal of deliberate portfolio quality improvement — removing loss-making products from the mix.
PAT holding at Rs 3 crore in Q1 FY27 results despite 22% lower revenue confirms very substantial non-operating income. With Rs 1 crore gross profit and Rs 3 crore PAT, approximately Rs 2 crore of below-gross-profit income (treasury, investments, royalties) is supporting earnings.
The quality of Lovable Lingerie’s business has clearly improved in Q1 FY27 results — the remaining Rs 12 crore of revenue is generating positive gross margins versus the Rs 16 crore of Q1 FY26 that included loss-making activities.
Brand heritage and the ‘Lovable’ brand recall in the Indian innerwear market provide a durable foundation for the leaner, higher-quality business visible in Q1 FY27 results.
Key Business Factors in Q1 FY27
Portfolio Rationalisation
Gross profit swinging to positive on 22% lower revenue confirms removal of loss-making product SKUs or channels.
Non-Operating Income
Rs 2 crore of income beyond gross profit sustains the Rs 3 crore PAT despite lower revenue.
Brand Quality Retention
Remaining Rs 12 crore revenue at positive margins reflects the brand’s ability to generate quality earnings in its core categories.
Dividend Details
Lovable Lingerie has not declared a dividend for Q1 FY27.
FY27 Outlook
The FY27 outlook is constructive for the quality of earnings even if revenue remains below the Q1 FY26 level. If revenue recovers while maintaining the positive gross margin profile visible in Q1 FY27 results, PAT could improve significantly given the operating leverage.
The Lovable brand’s heritage in the Indian innerwear market provides a solid foundation for selective revenue recovery in high-margin categories.
Lovable Lingeri Stock Performance
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Lovable Lingerie shares traded at Rs 71.66 on August 13, 2026, up 4.30%. The market is reacting positively to the gross profit improvement and PAT stability in Q1 FY27 results.
Key Risks
Revenue Recovery Challenge
From Rs 12 crore, growing back requires reinvestment in channels or products that were deliberately exited.
Non-Operating Income Dependency
Rs 3 crore PAT on Rs 1 crore gross profit means the business is heavily dependent on non-operational income currently.
Competition in Innerwear
Large players like Rupa, Dollar, and Jockey compete intensely in branded innerwear for shelf space and consumer preference.
Conclusion
Lovable Lingerie Q1 FY27 results show remarkable earnings quality improvement — gross profit swinging from Rs -0.30 crore to Rs 1 crore on 22% lower revenue, with PAT holding at Rs 3 crore through portfolio rationalisation and non-operating income.
Revenue recovery in high-margin categories is the next growth catalyst. Consult a SEBI-registered advisor.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on Lovable Lingeri Q1 FY27 Results
When announced?
Ans. August 13, 2026, standalone.
Revenue?
Ans. Rs 12 crore, down 22.21%.
PAT?
Ans. Rs 3 crore, essentially flat at -1.62%.
Why did gross profit improve despite lower revenue?
Ans. Portfolio rationalisation removed loss-making products — the retained Rs 12 crore of revenue generates positive gross margins vs the Q1 FY26 mix that included loss-making items.
Dividend?
Ans. No dividend for Q1 FY27.
Outlook?
Ans. Constructive. Quality-over-scale strategy with room for revenue recovery in high-margin brand categories.
Investment?
Ans. Improving quality business with brand heritage. Assess revenue recovery path. Consult a SEBI-registered advisor.
