Revenue and Operating Performance Trends
Examining Lykis's consolidated net sales from fiscal year ending March 2019 through March 2025 reveals a mixed trajectory. The company’s revenue surged from ₹147.32 crores in March 2019 to a peak of ₹453.75 crores in March 2023, reflecting a period of robust expansion. However, this growth was not sustained, with sales declining to ₹297.37 crores by March 2025. This contraction indicates challenges in maintaining top-line momentum in recent years.
Operating profit margins have mirrored this volatility. The operating profit margin excluding other income improved significantly to 5.46% in March 2023, up from negligible or negative margins in earlier years. Yet, by March 2025, this margin narrowed to 2.49%, signalling pressure on o...
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