Board Meeting Details

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

Key Matters Approved

1. Financial Results

  • Approved Unaudited Financial Results (Standalone & Consolidated) for quarter ended 30th June, 2026
  • Results reviewed by statutory auditors AS Poddar & Associates

2. Director Appointments

  • Continuation of Mr. Deepak Bhojwani (DIN:07351577) as Non-Executive Director beyond age of 75 years, effective from 26th January, 2027, subject to shareholder approval at ensuing AGM
  • Re-appointment of Mr. Deepak Bhojwani as Independent Director for second term, effective from 11th August, 2027 for five years, subject to shareholder approval
  • Re-appointment of Mr. Navkiran Singh Ghei (DIN:09649188) as Independent Director for second term, effective from 11th August, 2027 for five years, subject to shareholder approval
  • Re-appointment of Mr. Vivek Kapur (DIN:09678378) as Independent Director for second term, effective from 11th August, 2027 for five years, subject to shareholder approval

Director Profiles

  • Mr. Deepak Bhojwani: Retired Indian Foreign Service officer with service across three continents, former Joint Secretary in Government of India (October 1997)
  • Mr. Navkiran Singh Ghei: Retired Lt. Gen from Indian Army with 40 years of leadership and management experience
  • Mr. Vivek Kapur: Commerce graduate and fellow member of ICAI with 35 years experience in auditing, accounting, tax management, and finance

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

Revenue Performance

  • Revenue from Operations: ₹3,060.033 lakhs (Q1 FY26: ₹2,447.043 lakhs)
  • Other Income: ₹186.87 lakhs (Q1 FY26: ₹76.90 lakhs)
  • Total Revenue: ₹3,078.720 lakhs (Q1 FY26: ₹2,454.733 lakhs)

Expense Breakdown

  • Cost of materials consumed: ₹2,105.207 lakhs
  • Employees benefits expense: ₹190.394 lakhs
  • Finance Costs: ₹117.447 lakhs
  • Depreciation: ₹37.541 lakhs
  • Other Expenditure: ₹941.005 lakhs
  • Total Expenses: ₹2,874.036 lakhs

Profitability

  • Profit before tax: ₹204.684 lakhs (Q1 FY26: ₹135.242 lakhs)
  • Tax Expense: ₹51.419 lakhs (Current Tax: ₹34.358 lakhs, Deferred Tax: ₹17.061 lakhs)
  • Net Profit: ₹153.265 lakhs (Q1 FY26: ₹101.516 lakhs)
  • Total Comprehensive Income: ₹152.697 lakhs

Per Share Data

  • Basic EPS: ₹11.43 (Q1 FY26: ₹7.82)
  • Diluted EPS: ₹11.13 (Q1 FY26: ₹7.75)
  • Paid-up Equity Share Capital: ₹134.104 lakhs (Face Value ₹10 per share)

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

Revenue Performance

  • Revenue from Operations: ₹3,727.952 lakhs
  • Other Income: ₹187.78 lakhs
  • Total Revenue: ₹3,746.730 lakhs

Expense Breakdown

  • Cost of materials consumed: ₹2,003.701 lakhs
  • Purchases of stock-in-trade: ₹605.252 lakhs
  • Employees benefits expense: ₹244.918 lakhs
  • Finance Costs: ₹118.120 lakhs
  • Depreciation: ₹43.111 lakhs
  • Other Expenditure: ₹1,043.728 lakhs
  • Total Expenses: ₹3,528.738 lakhs

Profitability

  • Profit before share of Associate: ₹217.992 lakhs
  • Share of Net Profit of Associate: ₹123.72 lakhs
  • Profit before tax: ₹230.364 lakhs
  • Tax Expense: ₹52.737 lakhs (Current Tax: ₹34.631 lakhs, Deferred Tax: ₹18.106 lakhs)
  • Net Profit: ₹177.627 lakhs
  • Total Comprehensive Income: ₹177.129 lakhs

Attribution

  • Net Profit attributable to Owners: ₹177.597 lakhs
  • Net Profit attributable to Non-Controlling Interest: ₹0.30 lakhs

Per Share Data

  • Basic EPS: ₹13.21
  • Diluted EPS: ₹13.21
  • Paid-up Equity Share Capital: ₹134.104 lakhs

Subsidiaries and Associates

Consolidated results include:

Subsidiaries:

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

Associates:

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

Auditor Review

AS Poddar & Associates conducted limited review and concluded no material misstatement found in both standalone and consolidated results. Review relied on other auditors for 8 subsidiaries and 2 associates.

Segment Information

Company operates in single business segment - Fashion Apparels and Accessories including Intermediaries as per Ind AS 108.

Additional Information

  • Results available on company website www.bhartiya.com and stock exchange websites
  • Prior period figures have been rearranged/regrouped where necessary
  • Q4 FY26 figures are balancing figures between audited annual and unaudited quarterly figures