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What is the story about?
Safari Industries (India) Ltd
reported a mixed set of fourth-quarter earnings on May 19, with revenue maintaining double-digit growth momentum while profitability remained largely flat due to margin pressure.
Net profit for the March quarter stood at ₹37.5 crore, compared with ₹37.6 crore in the corresponding period last year. Revenue rose 12.4% year-on-year to ₹473.3 crore from ₹421 crore.
EBITDA increased 2.3% year-on-year to ₹62 crore from ₹60.4 crore, while EBITDA margin narrowed to 13% from 14.3% a year ago.
The company’s board recommended a final dividend of ₹2 per equity share of face value ₹2 each for FY26. Subject to shareholder approval at the upcoming annual general meeting, the dividend will be paid on or before September 3, 2026.
Shares of Safari Industries traded largely flat following the earnings announcement.
The company has continued to strengthen its brand portfolio and market positioning amid rising travel and lifestyle demand. Earlier in February, Safari Industries informed exchanges that it had entered into a licensing agreement with Carlton Retail for the use of the “Carlton” brand in India under Class 18 products, including luggage.
Under the agreement, Safari Industries will be allowed to use the Carlton brand for an initial period of 20 years, with an option to renew it for another 20 years at the company’s discretion.
Safari Industries is one of India’s leading luggage and travel accessories companies, offering products across luggage, backpacks and travel gear under brands including Safari and Carlton.
Net profit for the March quarter stood at ₹37.5 crore, compared with ₹37.6 crore in the corresponding period last year. Revenue rose 12.4% year-on-year to ₹473.3 crore from ₹421 crore.
EBITDA increased 2.3% year-on-year to ₹62 crore from ₹60.4 crore, while EBITDA margin narrowed to 13% from 14.3% a year ago.
The company’s board recommended a final dividend of ₹2 per equity share of face value ₹2 each for FY26. Subject to shareholder approval at the upcoming annual general meeting, the dividend will be paid on or before September 3, 2026.
Shares of Safari Industries traded largely flat following the earnings announcement.
The company has continued to strengthen its brand portfolio and market positioning amid rising travel and lifestyle demand. Earlier in February, Safari Industries informed exchanges that it had entered into a licensing agreement with Carlton Retail for the use of the “Carlton” brand in India under Class 18 products, including luggage.
Under the agreement, Safari Industries will be allowed to use the Carlton brand for an initial period of 20 years, with an option to renew it for another 20 years at the company’s discretion.
Safari Industries is one of India’s leading luggage and travel accessories companies, offering products across luggage, backpacks and travel gear under brands including Safari and Carlton.
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