Bhartiya International Q1 FY27 PAT Jumps 141% YoY

Board Meeting Outcome

The Board of Directors meeting was held on 13th August, 2026, commencing at 12:00 hour and concluding at 14:55 hour. The Board considered and approved the following matters:

1. Unaudited Financial Results (Standalone & Consolidated) of the Company for the quarter ended 30th June, 2026

2. Continuation of Mr. Deepak Bhojwani (DIN:07351577) as a Non-Executive Director beyond the age of 75 years, subject to approval of shareholders at ensuing Annual General Meeting ("AGM")

3. Re-appointment of Mr. Deepak Bhojwani (DIN:07351577) as Independent Director for second term, subject to approval of shareholders at ensuing AGM

4. Re-appointment of Mr. Navkiran Singh Ghei (DIN:09649188) as Independent Director for second term, subject to approval of shareholders at ensuing AGM

5. Re-appointment of Mr. Vivek Kapur (DIN:09678378) as Independent Director for second term, subject to approval of shareholders at ensuing AGM

Director Appointments Details

Mr. Deepak Bhojwani:

Continuation as Non-Executive Director beyond age of 75 years with effect from 26th January, 2027
Re-appointment as Independent Director for second term with effect from 11th August, 2027 for five consecutive years
Brief Profile: Retired Indian Foreign Service (IFS) officer who served in three continents (Asia, Europe, South America) and Ministry of External Affairs in New Delhi. Accredited as Ambassador in seven Latin American countries. Became Joint Secretary in Government of India in October 1997.
Not related to any Director/KMP of the Company

Mr. Navkiran Singh Ghei:

Re-appointment as Independent Director for second term with effect from 11th August, 2027 for five consecutive years
Brief Profile: Retired Lt. Gen from Indian Army, highly decorated Army Officer with wide-ranging leadership, management and organizational experience spanning over 40 years. Experience working in global environment, represented country and Defense Services internationally on several occasions.
Not related to any Director/KMP of the Company

Mr. Vivek Kapur:

Re-appointment as Independent Director for second term with effect from 11th August, 2027 for five consecutive years
Brief Profile: Graduate in Commerce, fellow member of Institute of Chartered Accountants of India (ICAI). Has 35 years of rich experience in field of Auditing, Accounting, management, finance, capital budgeting, budget forecasting and management consultancy.
Not related to any Director/KMP of the Company

Standalone Financial Results (Quarter Ended 30th June, 2026)

(Rs. In Lacs)

| Revenue from Operations | 30600.33 | 24461.96 | 24470.43 | 113054.23 |

| Other Income | 186.87 | 78.14 | 76.90 | 277.26 |

| Total Revenue | 30787.20 | 24540.10 | 24547.33 | 113331.49 |

| Cost of materials consumed | 21052.07 | 12393.44 | 15780.96 | 63275.24 |

| Purchases of stock-in-trade | - | 1862.28 | 9.32 | 3308.82 |

| Changes in inventories | (5175.58) | (967.48) | (2219.18) | (2642.23) |

| Employees benefits expense | 1903.94 | 1834.82 | 1624.33 | 6712.55 |

| Finance Costs | 1174.47 | 1282.58 | 1132.55 | 4900.69 |

| Depreciation and amortisation | 375.41 | 380.46 | 264.76 | 1176.67 |

| Other Expenditure | 9410.05 | 7402.44 | 6602.17 | 31722.39 |

| Total Expenses | 28740.36 | 24188.54 | 23194.91 | 108454.13 |

| Profit before tax | 2046.84 | 351.56 | 1352.42 | 4877.36 |

| Current Tax | 343.58 | 240.10 | 350.12 | 1595.36 |

| Deferred Tax | 170.61 | (39.95) | (12.86) | (89.20) |

| Profit for the period | 1532.65 | 151.41 | 1015.16 | 3371.20 |

| Other Comprehensive Income | (5.68) | (47.69) | (5.37) | (22.71) |

| Total Comprehensive Income | 1526.97 | 103.72 | 1009.79 | 3348.49 |

| Paid up Equity Share Capital | 1341.04 | 1341.04 | 1298.44 | 1341.04 |

| Basic EPS (Rs.) | 11.43 | 1.14 | 7.82 | 25.48 |

| Diluted EPS (Rs.) | 11.13 | 1.14 | 7.75 | 25.40 |

Consolidated Financial Results (Quarter Ended 30th June, 2026)

(Rs. In Lacs)

| Revenue from Operations | 37279.52 | 31270.38 | 27996.15 | 135802.02 |

| Other Income | 187.78 | 55.63 | 89.68 | 240.01 |

| Total Revenue | 37467.30 | 31326.01 | 28085.83 | 136042.03 |

| Cost of materials consumed | 20037.01 | 11503.73 | 15297.69 | 61018.25 |

| Purchases of stock-in-trade | 6052.52 | 7911.94 | 2971.49 | 22915.56 |

| Changes in inventories | (5300.92) | (953.48) | (2174.66) | (2578.94) |

| Employees benefits expense | 2449.18 | 2617.98 | 1963.52 | 8535.26 |

| Finance Costs | 1181.20 | 1249.03 | 1161.99 | 4973.56 |

| Depreciation and amortisation | 431.11 | 738.16 | 646.83 | 2680.86 |

| Other Expenditure | 10437.28 | 7758.63 | 7227.44 | 33891.57 |

| Total Expenses | 35287.38 | 30825.99 | 27094.30 | 131436.12 |

| Profit before share of Associate | 2179.92 | 500.02 | 991.53 | 4605.91 |

| Share of Net Profit/(Loss) of Associate | 123.72 | (1115.53) | (125.48) | (1703.52) |

| Profit before tax | 2303.64 | (615.51) | 866.05 | 2902.39 |

| Current Tax | 346.31 | 269.83 | 320.62 | 1632.60 |

| Deferred Tax | 181.06 | (7.92) | (12.86) | (74.72) |

| Profit for the period | 1776.27 | (877.42) | 558.29 | 1344.51 |

| Other Comprehensive Income | (4.98) | (35.68) | (5.37) | (19.63) |

| Total Comprehensive Income | 1771.29 | (913.10) | 552.92 | 1324.88 |

| Net Profit attributable to Owners | 1775.97 | (877.67) | 558.37 | 1343.96 |

| Non-Controlling Interest | 0.30 | 0.25 | (0.08) | 0.55 |

| Paid up Equity Share Capital | 1341.04 | 1341.04 | 1298.44 | 1341.04 |

| Basic EPS (Rs.) | 13.21 | (6.63) | 4.26 | 10.16 |

| Diluted EPS (Rs.) | 13.21 | (6.61) | 4.22 | 10.13 |

Consolidated Entities

The Group includes the following entities:

Subsidiaries:

Bhartiya Global Marketing Ltd.
J&J Leather Enterprises Ltd.
Bhartiya International SEZ Ltd.
Bhartiya Urban Infrastructure Ltd.
Bhartiya Fashion Retail Ltd.
Ultima S.A.
Design Industry Ltd.
Design Industry China Ltd.
Ultima Italia SRL
Ultima Fashions UK Ltd.
World Fashion Trade Ltd.

Associates:

Bhartiya Urban Pvt. Ltd.
TADA Mega Leather Cluster Pvt. Ltd.

Fashion Business Performance Highlights (Q1 FY27)

Key Performance Indicators:

EBITDA: ₹37.90 crore
PAT after Minority Interest: ₹17.75 crore
PBT: ₹21.80 crore

Quarterly P&L Statement - Fashion Business:

Revenue: ₹374.67 crore (↑33% YoY from ₹280.86 crore in Q1 FY26)
Material Consumption: ₹207.88 crore (48.55% of revenue)
Employee Cost: ₹24.49 crore (6.54% of revenue)
Other Expenses: ₹104.37 crore (27.86% of revenue)
EBITDA: ₹37.92 crore (↑35% YoY from ₹28.00 crore)
Depreciation: ₹4.31 crore
Finance Cost: ₹11.81 crore
Profit before Tax: ₹21.79 crore (↑119% YoY from ₹9.91 crore)
Tax: ₹5.27 crore
Profit After Tax: ₹16.52 crore (↑141% YoY from ₹6.83 crore)
Cash Profit (PAT + Depreciation & Amortisation): ₹20.83 crore (↑56% YoY from ₹13.30 crore)
Share of Profit from Associate: ₹1.23 crore
PAT after minority interest: ₹17.75 crore (↑218% YoY from ₹5.58 crore)

Additional Information

The financial results were reviewed by the Audit Committee and approved by the Board of Directors
Statutory Auditors (A S Poddar & Associates) carried out limited review of the results
Results prepared in accordance with Indian Accounting Standards (Ind AS)
Company operates in single business segment: Fashion Apparels and Accessories including Intermediaries
Results will be published in newspapers in accordance with SEBI Regulations
Detailed financial results available on Company's website www.bhartiya.com and websites of BSE and NSE

Auditor's Review

A S Poddar & Associates, Chartered Accountants (Firm Reg. No. 014969N) conducted limited review and concluded that nothing has come to their attention that causes them to believe that the financial results contain any material misstatement.