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Karnika Industries reported strong FY26 results, with revenue up 44% to INR248 Cr and PAT surging 57% to INR28 Cr (11.4% margin). Q4 also showed healthy 18.8% revenue growth and 48.6% PAT growth. A key driver is the Kidcity integration, which added INR24-25 Cr in FY26 and is projected to triple next year. Management targets 11-13% normalized PAT margins, aiming for 25-30% standalone CAGR, with Kidcity offering substantial growth. Strategic priorities include expanding omnichannel retail, D2C, and Tier 2/3 market penetration, leveraging integrated manufacturing for profitability. The company is focused on improving working capital and maintaining strong ROE (~29%).