Sangam India reports mixed financial results in Q1, FY26

Sangam (India) reported mixed financial results in Q1, FY26. The company's revenue increased 16 per cent to Rs 8.03 billion. However, this growth was overshadowed by a sharp decline in profits. The company’s net income fell 85 per cent to Rs 21.3 million, and the profit margin reduced significantly to 0.3 per cent from 2.1 per cent in the same period last year. The company attributed the lower margin to higher expenses. As a result, earnings per share (EPS) also declined from Rs 2.84 in Q1 2025 to just Rs 0.42.

A leading textile conglomerate based in India, Sangam India has a strong presence in both the domestic and international markets. Founded in 1984, the company, which started with just a few weaving machines, has since grown into a major player in the textile industry. It has a diversified portfolio of products, including synthetic blended, cotton, and texturized yarns, as well as various fabrics like denim and ready-made seamless garments.