Safari Industries shares gained around 5% to hit an intraday high of ₹1,498.80 on the National Stock Exchange (NSE) after the company reported solid volume growth and in-line earnings for the January-March quarter of fiscal 2026 (Q4FY26). According to reports from Business Standard, the stock was trading at ₹1,494.50 as of 10:00 AM, up by 4.74% compared to a previous session's close of ₹1,426.90. The company has a market capitalisation of ₹7,230 crore with a 52-week high of ₹2,507 and 52-week low of ₹1,363.10. Ace investor Ashish Kacholia holds a 1.84% stake in Safari Industries, equivalent to 9 lakh shares as of March 2026.
As reported by Business Standard, in the March 2026 quarter, Safari Industries reported a net profit of ₹37.5 crore compared to ₹37.6 crore in the corresponding quarter of the previous fiscal. The company's revenue from operations grew 12.4% year-on-year to ₹473.3 crore from ₹421 crore in the year-ago period. Earnings before interest, tax, depreciation, and amortisation (Ebitda) increased 2.3% Y-o-Y to ₹62 crore from ₹60.4 crore, though Ebitda margin narrowed to 13% from 14.3% a year ago. The company's board recommended a final dividend of ₹2 per equity share for FY26.
According to reports from Business Standard, PL Capital has upgraded Safari Industries to a 'Buy' from 'Hold', with a target price of ₹1,953, valuing the stock at 40x FY28 estimated EPS. The brokerage expects the company to report margin recovery following better-than-expected Q4FY26 performance, where gross margins came in at 49.3%, ahead of estimates. PL Capital expects Safari Industries to deliver a revenue CAGR of around 14% over the next two years, with gross margins of 46.2-46.8% and Ebitda margins improving to 12.5-13.7% in FY27E-FY28E. Motilal Oswal Financial Services (MOFSL) maintains its 'Buy' rating with a DCF-based target price of ₹2,250, implying an estimated FY28 P/E multiple of 45x.
As reported by Business Standard, analysts at MOFSL expect Safari Industries to deliver industry-leading growth and gain market share by focusing on strengthening the Urban Jungle brand and SI-Select premium positioning. The company plans to expand capacity at its Jaipur facility, launch new SKUs, and add 4-5 exclusive brand outlets (EBOs) every month. However, the brokerage noted that rising competition from players such as VIP Industries and Samsonite, as well as growing D2C brands, could weigh on growth momentum. Key risks include intensified price competition and higher discounting by regional players.
