Textile penny stock under Rs 2: Company reports Rs 7.42 crore export revenue in Q1FY26; Expanded retail & receives first govt order of Rs 4.72 crore

On Friday, shares of Garment Mantra Lifestyle Ltd gained 1.60 per cent to Rs 1.94 per share from its previous closing of Rs 1.91 per share. The company has a market cap of over Rs 100 crore. The stock is up by 85 per cent from its 52-week low of Rs 1.05 per share.

Garment Mantra Lifestyle Ltd has reported a robust performance for Q1FY26, driven by strong export growth and a significant new government order. The company achieved an export revenue of Rs 7.42 crore, benefiting from increased orders from key international markets, including the Middle East and Southeast Asia. This growth was fuelled by both new client acquisitions and repeat business from existing overseas buyers. A notable milestone for the quarter was the successful securing and timely delivery of its first order from a government department, marking a strategic entry into the institutional sales segment, which contributed Rs 4.72 crore in revenue.

In addition to these financial achievements, Garment Mantra Lifestyle Ltd continued its expansion efforts in the domestic market. The company strengthened its regional footprint by launching new products tailored to the demands of Tier-2 cities. This strategic move was complemented by an expansion of its dealer and distributor network coverage across key domestic markets, further solidifying its presence and reach within India. These operational highlights underscore the company's diversified growth strategy across both international and domestic fronts, enhancing its market position and revenue streams.

About the Company

Garment Mantra is a company focused on fulfilling the fashion and lifestyle aspirations of the mass Indian population. The promoters of the company have extensive experience in the textile industry for over 3 decades. Garment Mantra has 3 business divisions. Firstly, Garment Mantra is engaged in the business of garment manufacturing and selling both knitted fabrics as well as knitted garments.

The shares of the company an ex-trade ratio of 39:20 rights issue (with an ex-date of April 17, 2025), saw an overwhelming response, with 47,34,45,003 equity shares subscribed against an issue size of 39,14,97,795 equity shares. This strong oversubscription reflects significant investor confidence and support in the company's vision and future growth. Before the rights issue, the shares of the company had ex-traded bonus shares in a 1:1 ratio (Ex-date was September 03, 2024).

Disclaimer: The article is for informational purposes only and not investment advice.