Chairman’s Message
The second quarter of FY2026 marked another period of disciplined execution for Rhino Group as we continued progressing toward our Vision 2030 objectives. Over the past four months, our focus remained on strengthening operational capabilities, expanding our international footprint, investing in technology, and creating long-term value across every business vertical.
Our progress this quarter was not defined by a single milestone but by the steady execution of many strategic initiatives. We expanded customer relationships, introduced new products, strengthened our manufacturing capabilities, accelerated digital transformation, and continued investing in our people and governance framework.
Every business within Rhino Group contributed to this journey. While each vertical operates with its own objectives, all remain aligned to one common vision: building a globally respected organization driven by innovation, execution, and trust.
As we enter the next phase of growth, we remain committed to disciplined expansion, operational excellence, and responsible leadership.
Naresh KRM
Chairman, Rhino Group
Quarter at a Glance
Between April and July 2026, Rhino Group continued to strengthen its presence across manufacturing, branding, technology, media, and international business.
During the quarter, the Group expanded strategic partnerships, recorded consistent order growth, invested in research and development, strengthened its AI capabilities, and continued building a stronger operational foundation for future expansion.
Several internal initiatives including compliance, finance, workforce development, and digital transformation also progressed steadily, reinforcing the Group’s long-term growth strategy.
Business Performance
Rhino Creative
Rhino Creative continued to strengthen its position as the Group’s branding and creative consulting division by securing partnerships across multiple industries.
During the quarter, the team successfully collaborated with organizations including Orange Smith Group, Srisamraj Labs, Coromandel Group, GV Jewellers, Spell Bee Academy, International Maritime Academy, and JaKSS4 Realtors. These partnerships represent a diverse portfolio spanning manufacturing, education, retail, and real estate.
Beyond acquiring new business, Rhino Creative focused on delivering integrated branding solutions that help clients strengthen their market presence while establishing long-term relationships. The division concluded the quarter with a stronger client portfolio and increased visibility in strategic sectors
Rhino Industries
Rhino Industries delivered another quarter of operational progress through manufacturing expansion, product innovation, and improved commercial performance.
Order volumes continued to grow steadily throughout the quarter, with digital commerce showing approximately 20 percent growth and overall monthly business improving further during July. Manufacturing operations continued to expand alongside improvements in delivery processes and customer engagement.
The business also broadened its consumer product portfolio by introducing Rhino Decor, Custom Clocks, Kitchen Products, and customized acrylic solutions. Research and development remained a priority, with ongoing work across sports products, wooden acrylics, and several upcoming product launches.
The successful relaunch of the company’s website further strengthened Rhino Industries’ digital presence while supporting customer engagement and online sales.
Rhino International
International expansion remained one of Rhino Group’s strategic priorities during the quarter.
The business strengthened relationships across Germany, Singapore, the United Arab Emirates, Denmark, and other Asia-Pacific markets through branding engagements, partnership discussions, and corporate registration initiatives.
Significant progress was achieved in Germany through regulatory and compliance activities, while commercial discussions in the Middle East continued to advance. Strategic partnerships initiated in Singapore also opened opportunities within the Asia-Pacific region.
These developments establish a stronger international platform for Rhino Group as it continues executing its Vision 2030 global expansion strategy.
Rhino Tech Media
Rhino Tech Media continued expanding its international digital presence while strengthening audience engagement across key global markets.
During the quarter, the business recorded substantial audience growth, particularly across Singapore and the United States, while also strengthening its reach in Germany, India, the Middle East, and other G7 countries.
The team invested in dedicated content operations and audience analytics, enabling more focused digital publishing strategies aligned with regional market requirements.
These initiatives have positioned Rhino Tech Media to support Rhino Group’s growing international visibility and digital communication objectives.
Rhino IT
Technology remained a strategic enabler for Rhino Group throughout the quarter.
Rhino IT continued implementing Artificial Intelligence initiatives across business functions while advancing research into Agentic AI and enterprise automation solutions. Product development remained active with ongoing improvements to Rhino Listing, which crossed 5,000 registered users during the quarter.
The division also continued enhancing internal platforms, optimizing product features, and strengthening digital infrastructure to improve operational efficiency across the Group.
Investment in technology during this period reflects Rhino Group’s long-term commitment to becoming an AI-enabled enterprise.
Operational Excellence
Alongside business growth, Rhino Group continued strengthening its operational foundation.
Construction and development activities for Unit 3 progressed during the quarter, supporting future manufacturing capacity expansion. Dedicated Human Resources and Finance teams were established to improve governance, compliance, and organizational efficiency.
Accounting and audit functions were further streamlined, while structured workforce development initiatives continued through the Rhino Foundation to strengthen internal capabilities.
Research and Development teams were also expanded across business units to accelerate innovation and support future product development.
Innovation and Digital Transformation
Innovation continued to remain central to Rhino Group’s long-term strategy.
Throughout the quarter, the Group expanded research into Artificial Intelligence, digital automation, enterprise platforms, and next-generation business solutions. AI implementation initiatives progressed across multiple verticals, supported by dedicated teams focused on continuous improvement and technology adoption.
These investments are intended to improve productivity, strengthen customer experience, and build scalable digital capabilities across the organization.
People and Organization
Rhino Group continued investing in organizational capability alongside business expansion.
The Group strengthened leadership structures through dedicated functional teams while continuing workforce training and mentoring initiatives. Employee engagement remained focused on developing technical expertise, operational excellence, and future leadership capabilities aligned with Vision 2030.
As the organization expands globally, talent development remains a key priority supporting sustainable long-term growth.
Looking Ahead
Building on the momentum established during Q2 FY2026, Rhino Group will continue focusing on sustainable expansion across its businesses.
Key priorities for the coming quarter include accelerating international partnerships, expanding manufacturing capabilities, strengthening AI implementation, launching new products, enhancing digital platforms, and further improving governance and operational excellence.
The Group remains committed to disciplined growth while creating long-term value for customers, partners, employees, and stakeholders.
Closing Statement
The progress achieved during Q2 FY2026 reflects Rhino Group’s continued commitment to building a resilient, innovation-driven, and globally competitive organization.
While every milestone represents meaningful progress, the Group recognizes that sustainable success is built through consistent execution rather than short-term achievements. As Rhino Group advances toward Vision 2030, it remains focused on creating enduring value through responsible growth, operational excellence, and a culture of continuous innovation.
“Our journey is measured not only by growth, but by the strength of the institution we are building. Every partnership, every innovation, and every investment brings us one step closer to realizing Vision 2030.”
Naresh KRM
Chairman, Rhino Group