Are Super Sales Ind. latest results good or bad?

Super Sales India reported its financial results for the quarter ended September 2025, indicating a tactical recovery in certain metrics, though underlying operational challenges persist. The company achieved a net sales figure of ₹104.92 crores, reflecting a quarter-on-quarter growth of 6.16% from ₹98.83 crores in the previous quarter. This growth is modest in the context of a year-on-year increase of only 3.71% compared to ₹101.17 crores in the same quarter last year.
The net profit for the quarter stood at ₹4.06 crores, which represents a significant quarter-on-quarter increase of 130.68% from ₹1.76 crores in June 2025. However, this recovery must be viewed against the backdrop of previous losses in earlier quarters, including a loss of ₹1.62 crores in March 2025. The operating profit margin, excluding other income, improved to 10.49%, up from 8.44% in the prior quarter and 6.99% in the same quarter last year, marking the highest level in recent quarters.

Despite these improvements, Super Sales India faces significant structural challenges. The company's full-year performance for FY25 showed a marginal loss of ₹1.00 crore on revenues of ₹403.00 crores, a stark contrast to a profit of ₹19.00 crores in FY24. The operating margins have experienced a notable decline from 18.9% in FY22 to just 5.7% in FY25, reflecting competitive pressures and operational inefficiencies.

Moreover, the dependency on non-operating income is concerning, as it constituted over half of the profit before tax in Q2 FY26. The company’s return on equity has also deteriorated, indicating challenges in generating adequate returns for shareholders.

Overall, while Super Sales India has shown some tactical improvements in its latest quarterly results, the persistent operational weaknesses and structural challenges highlight a complex financial landscape. The company has seen an adjustment in its evaluation, reflecting the market's reassessment of its prospects amidst these ongoing issues.