Mallcom (India) Limited (NSE: MALLCOM) announced its consolidated financial results for the quarter ended December 31, 2025, characterized by a significant increase in EBITDA and a steady rise in year-over-year operational income. The company, which specializes in Personal Protective Equipment (PPE), attributed the quarterly performance to an increase in realizations, a reduction in raw material costs, and operational savings. While quarterly net profit improved, the nine-month performance reflected the impact of higher depreciation and finance costs associated with recent capital expenditures.<\/p>\n\n\n\n
The integrated PPE manufacturer recorded consolidated operational income of INR 1,311 million for the third quarter of FY26, supported by improved realizations and manufacturing efficiencies. New production facilities in Gujarat and West Bengal are now fully operational, positioning the company for projected volume growth in upcoming periods.<\/p>\n\n\n\n
For the third quarter of FY26, operational income rose 11.4% year-over-year to INR 1,311 million, compared to INR 1,177 million in the prior-year period. EBITDA for the quarter reached INR 193 million, representing a 27% increase over Q3-FY25. EBITDA margins expanded significantly to 14.71%, up from 12.91% in the same quarter last year. Profit after tax for the quarter was INR 101 million, a 12.2% year-over-year improvement.<\/p>\n\n\n\n
However, for the nine-month period ended December 31, 2025, EBITDA margins saw a contraction to 11.91% from 13.00% in the previous year. Net profit for the nine months declined 14.4% to INR 237 million, primarily due to a 72.2% increase in finance costs and a 26.1% rise in depreciation expenses related to new facilities.<\/p>\n\n\n\n
The company continues to pursue a strategy of backward integration to achieve cost savings and long-term margin expansion. Mallcom maintains a “head-to-toe” product range with a total of 13 manufacturing facilities spanning over 1 million square feet. Management’s operational priorities include leveraging its annual production capacity, which includes 3 million pairs of safety shoes and 150 million masks, to meet demand from its global distribution network across 55 countries. The current revenue mix is dominated by safety shoes (49%) and garments (25%), with Asia (48%) and Europe (33%) remaining the largest geographical markets.<\/p>\n\n\n\n
As the largest integrated Indian PPE manufacturer, Mallcom serves diversified sectors including construction, mining, metallurgy, and healthcare. The company maintains a conservative capital structure with a net debt-to-equity ratio of 0.35x as of the first half of FY26. Despite the broader macroeconomic environment, the firm reported an increase in market share across both branded and local market segments during the current fiscal year.<\/p>\n\n\n\n
Capital market data and investment metrics As of December 31, 2025, Mallcom\u2019s market capitalization was INR 7,479.6 million, with the stock closing at INR 1,198.7. The shares have traded between a 52-week high of INR 1,560.0 and a low of INR 1,019.1. The company reported a return on equity (ROE) of 19.16% and a return on capital employed (ROCE) of 15.28% for the fiscal year ended March 31, 2025.<\/p>\n\n\n\n
\u2022 Closing Market Price: INR 1,198.7<\/p>\n\n\n\n
\u2022 52-Week High: INR 1,560.0<\/p>\n\n\n\n
\u2022 52-Week Low: INR 1,019.1<\/p>\n\n\n\n
\u2022 Market Capitalization: INR 7,479.6 Million<\/p>\n\n\n\n
\u2022 Equity Shares Outstanding: 6.2 Million<\/p>\n\n\n\n
Last 6 Months (July 2025 \u2013 December 2025)<\/strong><\/p>\n\n\n\n The following chart illustrates the share price trend leading up to the December 31, 2025, close of INR 1,198.7. The stock experienced volatility throughout the second half of the calendar year, reaching a peak in the early third quarter before trending toward its year-end close.<\/p>\n\n\n\n The stock’s performance in the second half of 2025 was characterized by a sharp appreciation in July, followed by a corrective phase that reached a local low in September. A secondary recovery occurred in October, potentially driven by market anticipation of the Sanand and Chandpur facility operationalization, which management confirmed was completed during this period. The stock eventually stabilized toward the end of December, maintaining a market capitalization of approximately INR 7.5 billion.<\/p>\n\n\n\n The relative performance chart provided by the company indicates that while the stock outperformed the Sensex at various points in the third quarter, it trended closer to the benchmark’s relative return by the close of the calendar year.<\/p>\n\n\n\n <\/p>\n","protected":false},"excerpt":{"rendered":" Mallcom (India) Limited (NSE: MALLCOM) announced its consolidated financial results for the quarter ended December 31, 2025, characterized by a significant increase in EBITDA and a steady rise in year-over-year operational income. The company, which specializes in Personal Protective Equipment (PPE), attributed the quarterly performance to an increase in realizations, a reduction in raw material […]<\/p>\n","protected":false},"author":2385,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5753,1941,5],"tags":[14674,14679,14675,14678,14677,14676],"class_list":["post-177447","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrials","category-stock-analysis","category-latest","tag-mallcom-india-limited","tag-mallcom-earnings","tag-mallcom-india","tag-mallcom-press","tag-mallcom-price","tag-mallcom-stock"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":177451,"url":"https:\/\/alphastreet.com\/india\/mallcom-india-reports-mixed-q3-results-as-margin-expansion-offsets-sequential-revenue-decline\/","url_meta":{"origin":177447,"position":0},"title":"Mallcom (India) Reports Mixed Q3 Results as Margin Expansion Offsets Sequential Revenue Decline","author":"Staff Correspondent","date":"January 23, 2026","format":false,"excerpt":"Mallcom (India) Ltd. (NSE: MALLCOM) reported a net profit of \u20b910.15 crores for the third quarter of fiscal year 2026, representing a 12.40% increase compared to the same period the previous year. However, the company faced a sequential revenue decline of 5.88% to \u20b9131.14 crores, reflecting underlying volatility in its\u2026","rel":"","context":"In "Industrials"","block_context":{"text":"Industrials","link":"https:\/\/alphastreet.com\/india\/category\/industrials\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":151672,"url":"https:\/\/alphastreet.com\/india\/mallcom-india-ltd-q1fy24-23-rise-in-profits\/","url_meta":{"origin":177447,"position":1},"title":"Mallcom (India) Ltd Q1FY24; 23% rise in Profits","author":"Karan_Singh","date":"August 7, 2023","format":false,"excerpt":"Established in 1983, Mallcom (India) Ltd. is an ISO certified and government-registered star trading house. The company is in the business of manufacturing Personal Protective Equipment and Industrial Safety products. Financial Results: Mallcom (India) Ltd reported Revenues for Q1FY24 of \u20b994.47 Crores up from \u20b987.38 Crore year on year, a\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-333.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-333.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-333.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-333.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-333.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-333.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":141572,"url":"https:\/\/alphastreet.com\/india\/mallcom-india-ltd-mallcom-q3-fy23-earnings-concall-transcript\/","url_meta":{"origin":177447,"position":2},"title":"Mallcom (India) Ltd (MALLCOM) Q3 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"February 14, 2023","format":false,"excerpt":"Mallcom (India) Ltd (NSE:MALLCOM) Q3 FY23 Earnings Concall dated Feb. 10, 2023. Corporate Participants: Shyam Sundar Agrawal\u00a0--\u00a0Chief Financial Officer Rohit Mall\u00a0--\u00a0General Manager Analysts: Purvangi Jain\u00a0--\u00a0Valorem Advisors -- Analyst Dhwanil Desai\u00a0--\u00a0Turtle Capital -- Analyst Ankit Gupta\u00a0--\u00a0Bamboo Capital -- Analyst Adityapal\u00a0--\u00a0Motilal Oswal Financial Services -- Analyst Alisha Mahawla\u00a0--\u00a0Envision Capital -- Analyst Ayush\u2026","rel":"","context":"In "Consumer"","block_context":{"text":"Consumer","link":"https:\/\/alphastreet.com\/india\/category\/consumer-stocks\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":175624,"url":"https:\/\/alphastreet.com\/india\/mallcom-india-ltd-mallcom-q2-2025-earnings-call-transcript\/","url_meta":{"origin":177447,"position":3},"title":"Mallcom (India) Ltd. (MALLCOM) Q2 2025 Earnings Call Transcript","author":"News desk","date":"January 22, 2026","format":false,"excerpt":"Mallcom (India) Ltd. (NSE: MALLCOM) Q2 2025 Earnings Call dated Nov. 14, 2024 Corporate Participants: Shyam Sundar Agrawal \u2014 Chief Financial Officer Rohit Mall \u2014 Associate Vice President Analysts: Aradhana Jain \u2014 Analyst Rishabh Shah \u2014 Analyst Kashvi Chandgothia \u2014 Analyst Zakin Ashar \u2014 Analyst Gagan Shah \u2014 Analyst Manav\u2026","rel":"","context":"In "Earnings Call Transcripts"","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":175622,"url":"https:\/\/alphastreet.com\/india\/mallcom-india-ltd-mallcom-q4-2025-earnings-call-transcript\/","url_meta":{"origin":177447,"position":4},"title":"Mallcom (India) Ltd. (MALLCOM) Q4 2025 Earnings Call Transcript","author":"News desk","date":"January 22, 2026","format":false,"excerpt":"Mallcom (India) Ltd. (NSE: MALLCOM) Q4 2025 Earnings Call dated May. 22, 2025 Corporate Participants: Rohit Mall \u2014 Associate Vice President Shyam Sundar Agrawal \u2014 Chief Financial Officer Analysts: Aradhana Jain \u2014 Analyst Rushabh Shah \u2014 Analyst Rohit Singh \u2014 Analyst CA Garvit Goyal \u2014 Analyst Unidentified Participant Bharat Sheth\u2026","rel":"","context":"In "Earnings Call Transcripts"","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":175623,"url":"https:\/\/alphastreet.com\/india\/mallcom-india-ltd-mallcom-q3-2025-earnings-call-transcript\/","url_meta":{"origin":177447,"position":5},"title":"Mallcom (India) Ltd. (MALLCOM) Q3 2025 Earnings Call Transcript","author":"News desk","date":"January 22, 2026","format":false,"excerpt":"Mallcom (India) Ltd. (NSE: MALLCOM) Q3 2025 Earnings Call dated Jan. 31, 2025 Corporate Participants: Rohit Mall \u2014 Associate Vice President Shyam Agarwal \u2014 Chief Financial Officer Analysts: Vikram Suryavanshi \u2014 Analyst Rushabh Shah \u2014 Analyst Aradhana Jain \u2014 Analyst Anand Mundra \u2014 Analyst Bijal Shah \u2014 Analyst Ankit Gupta\u2026","rel":"","context":"In "Earnings Call Transcripts"","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/177447","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/2385"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=177447"}],"version-history":[{"count":2,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/177447\/revisions"}],"predecessor-version":[{"id":177450,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/177447\/revisions\/177450"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=177447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=177447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=177447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Trend Analysis<\/strong><\/h2>\n\n\n\n