Brands
RPSG Ventures revenue rises 20 per cent to Rs 3,576 crore in Q1
Process outsourcing drives growth as profit edges up to Rs 253 crore
MUMBAI: RPSG Ventures has put growth on the front foot, but the bottom line is moving at a more measured pace. The group reported a 20.4 per cent year-on-year rise in consolidated revenue from operations to Rs 3,576.4 crore for the quarter ended 30 June 2026, while profit for the period edged up to Rs 253.1 crore from Rs 251.1 crore a year earlier.
Total income increased to Rs 3,592.8 crore from Rs 2,986.1 crore in Q1 FY26, while total expenses rose to Rs 3,211.4 crore from Rs 2,679 crore. Profit attributable to owners of the equity stood at Rs 91.1 crore, compared with Rs 83.1 crore in the corresponding quarter last year.
The process outsourcing business, which includes Firstsource Solutions, remained the engine room of the group. Revenue from the segment climbed 23.7 per cent to Rs 2,816.9 crore from Rs 2,277.3 crore, while its result before tax and finance cost jumped to Rs 359.3 crore from Rs 260.6 crore. The segment accounted for nearly four-fifths of RPSG Ventures’ consolidated revenue during the quarter.
The FMCG business also picked up pace, with revenue rising 25.9 per cent to Rs 170 crore from Rs 135.1 crore. The segment, however, remained in the red, reporting a loss before tax and finance cost of Rs 45.9 crore, although this was narrower than the Rs 62.4 crore loss recorded a year earlier.
RPSG is also looking to widen its FMCG footprint. During the quarter, it incorporated RPSG Brands MENA Private Limited, a wholly owned subsidiary established on 21 April 2026 to explore trading opportunities in FMCG and allied products in India and overseas, including the Middle East and North Africa. The company has not disclosed details of the brands, products or investment planned under the new entity.
Sports remained another sizeable contributor, with revenue increasing 5.8 per cent to Rs 555.2 crore from Rs 524.6 crore. The segment’s result before tax and finance cost stood at Rs 296.3 crore, compared with Rs 291.7 crore in Q1 FY26.
The group cautioned that sports performance can swing significantly between quarters because profits and losses from certain transactions do not necessarily accrue evenly through the year. RPSG Ventures’ sports interests include ATK Mohun Bagan, RPSG Sports, RPSG Sports Ventures and Manchester Originals, among others.
Property, meanwhile, moved in the opposite direction. Revenue declined to Rs 30.6 crore from Rs 33.8 crore, while the segment’s result before tax and finance cost fell to Rs 16.3 crore from Rs 18.1 crore. Its assets increased to Rs 770.3 crore at the end of June from Rs 635.8 crore a year earlier.
The quarter also came with a Rs 71.7 crore exceptional hit. Of this, Rs 35.7 crore represented an amount estimated to be non-recoverable by a subsidiary following the termination of a client contract, based on the progress of settlement discussions. Another Rs 28.4 crore related to indemnification of a regulatory penalty to a customer of the same subsidiary, while the remaining Rs 7.6 crore came from a fair-value adjustment to contingent consideration linked to an earlier business combination.
As a result, consolidated profit before exceptional items and tax stood at Rs 381.6 crore, while profit before tax after accounting for the exceptional items was Rs 309.9 crore. RPSG Ventures said discussions continue with the relevant customer regarding recovery of the Rs 35.7 crore amount, while recovery under an insurance policy has been sought for the regulatory penalty-related amount.
Beyond its existing businesses, the group also made a move into healthcare by acquiring 100 per cent of Clarionix Healthcare Private Limited. Separately, the board approved a Composite Scheme of Arrangement involving Woodlands Multispeciality Hospital Limited, under which its hospital and nursing undertaking would be transferred to an RPSG wholly owned subsidiary through a slump sale.
The appointed date for the proposed scheme is 1 April 2027, subject to the requisite approvals. With outsourcing continuing to carry the revenue load while FMCG, sports and healthcare widen the group’s playbook, RPSG Ventures’ latest quarter shows a business still expanding across multiple fronts, even as exceptional costs keep the profit story more restrained.
