Financial Performance
Q2FY27 Results
- Total Revenue: ₹582.22 crore, representing 9.1% growth from ₹533.55 crore in Q2FY26
- Profit After Tax (PAT): ₹36.93 crore
H1FY27 Results
- Total Revenue: ₹1,170.80 crore, representing 10.31% growth from ₹1,061.38 crore in H1FY26
- Profit After Tax (PAT): ₹84.68 crore
Dividend Declaration
The Board of Directors declared an Interim Dividend of ₹2 (100%) per equity share of face value ₹2. The dividend will be paid on or before December 5, 2026.
Capital Expenditure Approval
The Board approved capital expenditure for capacity expansion:
- For Safari Industries (India) Limited: Up to ₹170 crore
- For wholly owned subsidiary Safari Manufacturing Limited: Up to ₹60 crore
Total approved capex: ₹230 crore
Purpose of Capex
- Improvement of infrastructure
- Land acquisition for new warehouse
- Installation of plant & machinery
- Capacity expansion at manufacturing facilities in Halol and Jaipur
Capacity Impact
Once completed, the combined production capacity from all units will increase to approximately 18 lakh pieces per month.
Strategic Rationale
The expansion is intended to:
- Support Safari's premiumization drive
- Strengthen competitive position
- Create sustainable platform for long-term growth
- Contribute to India's domestic manufacturing capabilities
- Respond to emerging market opportunities
Business Updates
- Entered into a 20-year brand licensing agreement with Carlton Retail Pvt. Ltd.
- Appointed Saif Ali Khan as Brand Ambassador for Magnum by Safari
Management Commentary
Mr. Sudhir Jatia, Chairman & Managing Director, stated: "The industry has gone through an advancement wherein today, luggage has evolved beyond its functional necessity to being an extension of the traveller's lifestyle. Our strategy is to build on Safari's scale while sharpening our competitive edge through differentiated brands that has an appeal for all consumers right from value-driven to premium segments."
Company Background
Safari Industries (India) Limited is India's largest luggage and travel accessories manufacturer, established in 1974 with manufacturing facilities across Gujarat and Rajasthan. The company maintains a multi-brand portfolio including Safari, Magnum, Urban Jungle, Genius, Genie, Safari Select, Volt, and Carlton.
Market Position
Safari was recognized as 'No. 1 Luggage Brand in India' in revenue terms for the third successive year (Source: Euromonitor International Limited; Personal Accessories 2026 ed; Luggage category; GBN; all retail channels, value RSP terms; 2025 data).