Riyaasat Lifestyle Limited

Riyaasat Lifestyle Limited (RIYAASAT) for the Financial Year 2025-26:

Business overview Riyaasat Lifestyle Limited is primarily engaged in the business of designing and selling ethnic wear and lifestyle apparel, with a focus on wedding outfits for modern-day brides and grooms. The company's product portfolio incorporates ethnic elements with fashionable motifs. It serves customers through a multi-channel approach, leveraging both physical retail stores and online platforms across India.

Key facts

• Revenue from operations increased by approximately 34.55% to ₹3,337.46 Lakhs in FY 2025-26 from ₹2,480.46 Lakhs in FY 2024-25.
• Profit after Tax (PAT) grew by approximately 8.61% to ₹519.41 Lakhs in FY 2025-26 from ₹478.24 Lakhs in FY 2024-25.
• Promoters, Mr. Gaurang Ramanbhai Galiya (Managing Director), Mr. Ramanbhai Nanubhai Galiya (Whole Time Director), and Mrs. Sobhanaben Ramanbhai Galiya (Non-Executive Director) collectively held 99.74% of shares as of March 31, 2026.
• The company reported 190 permanent employees on its rolls during FY 2025-26.
• No subsidiaries, joint ventures, or associate companies were reported for the period.

Recent developments (from AR)

• Subsequent to FY 2025-26, the company successfully raised ₹3,019.73 Lakhs through an Initial Public Offer (IPO), with its equity shares listed on the BSE SME Platform on July 01, 2026.
• The company plans to strengthen its presence in the ethnic-wear segment, expand its retail footprint, and enhance its online presence.
• A strategy to offer products combining traditional aesthetics with contemporary designs is in focus.
• Management aims to improve customer experience, maintain product quality, and manage inventory efficiently to strengthen brand presence.
• No dividend was proposed for FY 2025-26 to preserve resources for planned business growth.

Key risks flagged by management

• Changes in consumer preferences and evolving fashion trends could impact demand for products.
• Intense competition from organized retailers, established brands, and online marketplaces may affect market position and margins.
• Economic slowdown, inflationary pressures, inventory management issues, supply-chain disruptions, and fluctuations in operating costs.
• Reliance on maintaining brand reputation, product quality, and customer satisfaction for business success.

Pros

• Demonstrated strong revenue and profit growth in FY 2025-26, indicating operational effectiveness.
• Clear strategic focus on leveraging growth opportunities in the Indian ethnic-wear market through retail and online expansion.
• The company has established internal control systems and a customer-centric approach, which supports service quality and retention.

Cons

• A significant increase in Debt-Equity Ratio from 0.68 in FY 2024-25 to 2.26 in FY 2025-26, indicating higher reliance on borrowings.
• Inventory is not maintained within the primary accounting system (Tally Prime), potentially affecting real-time inventory management.
• Discrepancies exist between working capital limits reported to banks and the company's books of account, primarily due to unreconciled balances and classification differences.