SG Mart reports 23% profit jump despite muted demand

SG Mart reported Q1FY26 net revenue of Rs. 11.4bn, up 1% year-on-year, and profit after tax of Rs. 323m, up 23% despite muted industry demand.

The company appointed Arun Agarwal as non-executive director while Shiv Kumar Bansal resigned as whole time director, effective July 31, 2025.

SG Mart plans to expand its service center network and diversify into renewables, including solar mounting structures, strengthening its position as a B2B construction materials marketplace.