According to reports from Business Standard, Safari Industries (India) reported a marginal decline in consolidated net profit to ₹37.47 crore for Q4 FY26, compared with ₹37.59 crore in the same quarter last year. However, revenue from operations showed positive momentum, rising 12.40% year-on-year to ₹473.30 crore for the quarter ended 31 March 2026. On a sequential basis, net profit increased 13.92% while revenue declined 7.62% compared with the previous quarter. The sequential comparison shows Q3 FY26 reported a pre-tax profit of ₹41.74 crore on revenue of ₹512.37 crore, suggesting Q4's lower revenue did not translate into higher profits due to increased costs in the final quarter.
As reported by Business Standard, total expenses increased 14.22% year-on-year to ₹431.38 crore, driven by higher raw material and employee costs. The cost of materials consumed rose 5.80% to ₹164.52 crore, while employee benefit expenses increased 21.97% to ₹38.24 crore. Other expenses for Q4 at ₹133.38 crore consolidated (versus ₹115.01 crore in Q4 FY25) stand out as a primary driver of margin compression, likely due to higher trade promotions, channel incentives, or year-end advertising spend ahead of the summer travel season. Employee costs rose to ₹143.62 crore from ₹118.96 crore, reflecting both headcount addition and mandatory restatement of gratuity obligations following the November 2025 Labour Code notification.
According to Business Standard, for the full financial year FY26, the company posted a 17.47% rise in consolidated net profit to ₹167.76 crore, while revenue increased 15.54% to ₹2,047.02 crore. Total income including other income reached ₹2,071.81 crore against ₹1,800.05 crore the previous year. Profit before tax grew 16.6% to ₹216.34 crore, and consolidated basic EPS rose to ₹34.27 from ₹29.24, a year-on-year improvement of roughly 17%. Net cash used in operating activities stood at ₹173.36 crore in FY26, compared with ₹57.32 crore in FY25, aided by better working capital management as inventory levels fell from ₹350.44 crore to ₹330.06 crore and debtor days showed signs of normalization.
As reported by Business Standard, the board recommended a final dividend of ₹2 per equity share (100%), subject to shareholder approval at the upcoming annual general meeting. If approved, the dividend will be paid on or before 3 September 2026, after applicable tax deductions. At the current price of ₹1,488, this translates to a dividend yield of approximately 0.13%, which is nominal in absolute terms but signals management's confidence in the sustainability of earnings. Safari Industries (India) is engaged in the manufacturing and marketing of luggage and luggage accessories.
According to Business Standard, the counter added 0.31% to ₹1,431.60 on the BSE following the results announcement. With a market capitalization of ₹7,006.13 crore, shares were trading at ₹1,430 per share, up 0.25% from its previous close of ₹1,426.4. The mixed quarterly performance with flat profit growth but strong revenue expansion reflects the company's operational challenges amid cost pressures, particularly in distribution and advertising expenses that outpaced revenue growth.
