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Latest filing: 2026-08-04 14:19
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17 announcements match the current filters (relevance ≥ 5).
Safari Q1 Revenue Grows 11.5% to ₹588.6 Cr; Appoints Aditya Bhargava as CFO
Safari Industries reported a consolidated revenue of ₹588.58 Cr for Q1 FY27, marking an 11.5% increase from ₹527.83 Cr in the year-ago period. Despite the topline growth, consolidated net profit declined by 5.4% YoY to ₹47.75 Cr, impacted by a 13.8% rise in other expenses and higher depreciation. The company also strengthened its leadership by appointing Aditya Bhargava, formerly CFO of Badshah Masala (Dabur), as the new Chief Financial Officer effective August 4, 2026.
Confidence: HIGH
What changedSafari has transitioned its financial leadership to a veteran from the FMCG sector and reported its first-quarter results for the new fiscal year.
Why it mattersThe appointment of a CFO with deep FMCG experience (Dabur, PepsiCo) is significant as Safari scales its distribution and premiumizes its brand. However, the profit dip despite revenue growth suggests near-term margin headwinds.
Q1 Revenue vs TTM Revenue: ~28.7%Consolidated Revenue (Q1): ₹588.58 CrConsolidated Net Profit (Q1): ₹47.75 CrYoY Revenue Growth: 11.5%YoY Net Profit Growth: -5.4%
📅 Short termThe stock may see neutral to slightly cautious sentiment due to the year-on-year profit decline, though the high-profile CFO appointment provides a positive long-term governance signal.
📈 Long termThe structural growth story remains tied to the luggage industry's shift toward organized players and Safari's expansion into the premium segment and North India via its Jaipur facility.
⚠ Risk flags
- Operating margin compression
- Rising other expenses
- Intense competition in the value segment
Key Highlights
Consolidated Revenue increased 11.5% YoY to ₹588.58 Cr for the quarter ended June 30, 2026.
Net Profit for the quarter stood at ₹47.75 Cr, a decline of 5.4% compared to ₹50.49 Cr in Q1 FY26.
Other expenses rose to ₹149.13 Cr from ₹130.99 Cr YoY, contributing to margin pressure.
New CFO Aditya Bhargava brings 22+ years of experience from major firms including Dabur, PepsiCo, and Gillette.
Earnings per share (EPS) for the quarter decreased to ₹9.75 from ₹10.33 YoY.
👀 What to Watch
Investors should monitor the company's ability to manage rising operating costs and track the margin trajectory as the new Jaipur plant continues its ramp-up phase.
₹588.6 Cr Q1 Revenue: Safari reports 11.5% YoY growth; Net Profit down 5.4% to ₹47.8 Cr
Safari Industries reported a consolidated revenue of ₹588.58 Cr for Q1 FY27, marking an 11.5% YoY increase and a strong 24.4% sequential recovery from Q4 FY26. However, consolidated net profit declined 5.4% YoY to ₹47.75 Cr, impacted by a 13.8% rise in other expenses and higher depreciation. The company also announced the appointment of Aditya Bhargava, a former Dabur/PepsiCo executive with 22 years of experience, as the new CFO. While topline growth remains healthy, margins are under pressure compared to the previous year's high base.
Confidence: HIGH
What changedSafari reported its Q1 FY27 financial results showing double-digit revenue growth but a slight profit contraction, alongside a key leadership change in the finance department.
Why it mattersThe results indicate that while Safari is successfully growing its topline (capturing ~28.7% of TTM revenue in one quarter), competitive intensity or expansion costs are currently weighing on the bottom line.
Consolidated Revenue (Q1 FY27): ₹588.58 CrRevenue Growth (YoY): 11.5%Consolidated Net Profit (Q1 FY27): ₹47.75 CrOther Expenses: ₹149.13 CrQ1 Revenue vs TTM Revenue: 28.76%
📅 Short termThe stock may face minor pressure due to the YoY profit decline, though the strong sequential revenue growth (QoQ) provides a positive counter-narrative for the travel season.
📈 Long termThe appointment of a seasoned FMCG professional as CFO and continued double-digit revenue growth support the long-term thesis of market share gains in the luggage and backpack segments.
⚠ Risk flags
- Margin compression due to rising operational and marketing expenses
- Intense competition in the mass-premium segment
Key Highlights
Consolidated Revenue from operations grew 11.5% YoY to ₹588.58 Cr from ₹527.83 Cr.
Consolidated Net Profit declined by 5.4% YoY to ₹47.75 Cr compared to ₹50.49 Cr in Q1 FY26.
Other expenses increased to ₹149.13 Cr from ₹130.99 Cr YoY, representing 25.3% of revenue.
Sequential revenue growth was robust at 24.4% compared to the ₹473.30 Cr reported in Q4 FY26.
New CFO Aditya Bhargava appointed effective August 4, 2026, bringing 22 years of finance and procurement experience.
👀 What to Watch
Monitor the company's ability to manage 'Other Expenses' (marketing and distribution) in upcoming quarters to protect margins. Watch for the impact of the new CFO on operational efficiency and the ramp-up of the Jaipur facility.
Safari Appoints Aditya Bhargava (ex-Dabur CFO) as VP - Finance & Accounts
Safari Industries has appointed Mr. Aditya Bhargava as Vice President - Finance & Accounts, effective July 17, 2026. Mr. Bhargava brings over 22 years of experience, having previously served as the CFO for Badshah Masala (a Dabur Enterprise) and SAARC Finance Head for Dabur. This leadership addition comes as the company manages a TTM revenue of ₹2,046 crore and scales operations at its new Jaipur facility. His background in major FMCG firms like PepsiCo and Gillette is expected to strengthen financial oversight and commercial strategy.
Confidence: HIGH
What changedThe company has hired a new senior management professional to lead its Finance and Accounts functions.
Why it mattersAs Safari targets a 24% growth rate and expands into premium segments, experienced financial leadership is critical for managing the capital requirements of new manufacturing plants and complex supply chains.
Professional Experience: 22+ yearsEffective Date: July 17, 2026TTM Revenue: ₹2046 CrOperating Profit Margin: 13.3%
📅 Short termThe appointment is a routine senior management update and is unlikely to impact the stock price in the immediate term.
📈 Long termStrengthening the finance team with FMCG-pedigree talent supports the company's transition from a value-focused player to a premium brand with scaled manufacturing.
Key Highlights
Mr. Aditya Bhargava appointed as VP - Finance & Accounts effective July 17, 2026
Brings over 22 years of professional experience across Finance, Accounts, and Procurement
Previously held the role of CFO at Badshah Masala and SAARC Finance Head for Dabur
Qualified Chartered Accountant with prior experience at PepsiCo India and Gillette India
👀 What to Watch
Investors should monitor if this leadership addition contributes to improved operating margins (currently 13.3%) or better working capital management in future quarterly filings.
Safari Industries Sets July 17 as Record Date for Rs 2 Final Dividend
Safari Industries (India) Limited has recommended a final dividend of Rs 2 per equity share for the financial year 2025-26, which represents a 100% payout on the face value of Rs 2. The company has officially fixed July 17, 2026, as the record date to identify eligible shareholders for this payout. Pending approval at the upcoming Annual General Meeting, the dividend is scheduled to be paid to shareholders on or before September 3, 2026. This announcement confirms the timeline for the distribution of profits to the company's investors.
Key Highlights
Final dividend of Rs 2 per equity share (100% of face value) recommended for FY 2025-26
Record date for determining shareholder eligibility fixed as July 17, 2026
Dividend payment to be completed on or before September 3, 2026, following AGM approval
The payout is subject to applicable tax deduction at source (TDS)
👀 What to Watch
Investors interested in the dividend must hold the shares in their demat account before the ex-dividend date, which is typically one working day prior to the July 17 record date. Existing shareholders should monitor the AGM results for formal approval of the payout.
Safari Industries Announces CFO Resignation and Board Re-appointments
Safari Industries (India) Ltd has announced the resignation of its Chief Financial Officer, Vineet Poddar, effective June 30, 2026, as he pursues outside opportunities. To ensure board stability, the company has re-appointed Independent Directors Sridhar Balakrishnan and Aseem Dhru for second five-year terms extending into 2031. Additionally, Abhijaat Sinha, a professional with 27 years of experience, has been appointed as the new Company Secretary starting June 17, 2026. These changes come alongside the resignation of long-standing Independent Director Rahul Kanodia after a 10-year tenure.
Key Highlights
CFO Vineet Poddar to resign effective June 30, 2026, after a decade-long tenure during the company's high-growth phase.
Independent Directors Sridhar Balakrishnan and Aseem Dhru re-appointed for 5-year terms until August and October 2031 respectively.
Abhijaat Sinha appointed as Company Secretary and Compliance Officer effective June 17, 2026, bringing 27+ years of legal and secretarial experience.
Independent Director Rahul Kanodia resigned effective May 20, 2026, leading to a reconstitution of the Nomination and Remuneration Committee.
👀 What to Watch
Investors should monitor the company's announcement regarding a new CFO appointment, as leadership continuity in finance is critical for Safari's growth momentum. The proactive re-appointment of other board members suggests an orderly management transition.
Safari Industries Announces CFO Resignation and New Company Secretary Appointment
Safari Industries has announced a significant leadership transition, most notably the resignation of CFO Vineet Poddar effective June 30, 2026, after a decade-long tenure. To fill key administrative roles, Abhijaat Sinha, a professional with over 27 years of experience, has been appointed as Company Secretary and Compliance Officer starting June 17, 2026. The board also re-appointed two Independent Directors for five-year terms while accepting the resignation of Rahul Kanodia after 10 years of service. These changes are finalized ahead of the company's 46th Annual General Meeting scheduled for August 4, 2026.
Key Highlights
CFO Vineet Poddar to resign effective June 30, 2026, after 10 years of service to pursue outside opportunities.
Abhijaat Sinha appointed as Company Secretary and Compliance Officer effective June 17, 2026, bringing 27+ years of experience.
Independent Directors Sridhar Balakrishnan and Aseem Dhru re-appointed for 5-year terms ending in 2031.
Rahul Kanodia resigned as Independent Director effective May 20, 2026, after nearly 10 years on the board.
The 46th Annual General Meeting (AGM) of the company is scheduled for August 4, 2026.
👀 What to Watch
Investors should monitor the transition of the CFO role closely, as the outgoing CFO was a key part of Safari's growth into a market leader. The appointment of a highly experienced Company Secretary is a positive sign for maintaining governance standards during this transition.
Safari Industries Recommends Rs 2 Dividend; FY26 Consolidated Net Profit Rises 17.5% to Rs 167.8 Cr
Safari Industries (India) Limited announced its FY26 financial results, reporting a 15.5% year-on-year growth in consolidated revenue from operations to Rs 2,047.02 crore. The company's consolidated net profit for the full year increased by 17.48% to Rs 167.76 crore, up from Rs 142.80 crore in FY25. Along with the earnings, the Board of Directors recommended a final dividend of Rs 2 per equity share (100% of face value) for FY26. However, Q4FY26 consolidated net profit saw a slight decline to Rs 37.47 crore compared to Rs 37.59 crore in Q4FY25.
Key Highlights
Consolidated full-year revenue from operations grew 15.5% YoY to Rs 2,047.02 crore in FY26.
Consolidated net profit for FY26 increased by 17.48% to Rs 167.76 crore against Rs 142.80 crore in FY25.
Board recommended a final dividend of Rs 2 (100%) per equity share of face value Rs 2 each.
Q4FY26 consolidated revenue stood at Rs 473.30 crore, up 12.4% from Rs 421.06 crore in Q4FY25.
Q4FY26 consolidated net profit was marginally lower at Rs 37.47 crore compared to Rs 37.59 crore in the previous year's matching quarter.
👀 What to Watch
Investors should view the steady full-year growth and dividend recommendation positively, though the flat Q4 net profit warrants monitoring of near-term margin pressures. Long-term investors can continue to hold the stock given the robust annual performance in the luggage segment.
Safari Industries FY26 PAT Up 17.5% to ₹167.8 Cr; ₹2 Dividend Recommended
Safari Industries reported a 15.5% YoY growth in consolidated revenue for FY26, reaching ₹2,047.02 crore. The company's annual consolidated net profit rose by 17.5% to ₹167.76 crore, up from ₹142.80 crore in FY25. While the full-year performance was robust, Q4 FY26 PAT remained flat at ₹37.47 crore despite a 12.4% increase in quarterly revenue. The board has proposed a final dividend of ₹2 per share, reflecting a 100% payout on face value.
Key Highlights
FY26 consolidated revenue increased 15.5% YoY to ₹2,047.02 crore.
Annual consolidated PAT grew 17.5% to ₹167.76 crore from ₹142.80 crore.
Q4 FY26 revenue stood at ₹473.30 crore, up 12.4% YoY, while PAT was flat at ₹37.47 crore.
Board recommended a final dividend of ₹2 per equity share for FY25-26.
Consolidated Basic EPS for the full year improved to ₹34.27 from ₹29.24.
👀 What to Watch
The company shows strong annual growth and has crossed the ₹2,000 crore revenue milestone, though Q4 margins faced some pressure. Long-term investors may find the steady growth and dividend payout encouraging.
CRISIL Reaffirms Safari Industries' Credit Ratings; Long-Term Rating at AA-/Stable
CRISIL has confirmed the credit ratings for Safari Industries (India) Limited's bank facilities totaling Rs. 150 Crore. The long-term rating is maintained at 'CRISIL AA-/Stable', while the short-term rating is confirmed at 'CRISIL A1+'. These ratings reflect the company's strong credit profile and its ability to meet financial obligations. The stable outlook indicates expected maintenance of its business and financial risk profile over the medium term.
Key Highlights
Total bank loan facilities rated by CRISIL amount to Rs. 150 Crore
Long-term credit rating confirmed at 'CRISIL AA-' with a 'Stable' outlook
Short-term credit rating confirmed at 'CRISIL A1+', the highest rating in its category
Ratings reaffirm the company's robust financial health and operational stability
👀 What to Watch
Investors should take this as a sign of financial strength and low default risk. The high credit rating supports the company's ability to access capital at competitive rates for future expansion.
Safari Industries Shareholders Approve QIP Fundraise and MD Re-appointment
Safari Industries (India) Limited has received overwhelming shareholder approval for two critical special resolutions via postal ballot. The company secured a near-unanimous 99.99% vote in favor of raising funds through a Qualified Institutions Placement (QIP). Additionally, the re-appointment of Mr. Sudhir Jatia as Managing Director was approved with 99.17% of the votes. These results, based on an 80.44% voter turnout, indicate strong institutional and promoter backing for the company's strategic direction.
Key Highlights
Shareholders approved fund raising via Qualified Institutions Placement (QIP) with 99.99% majority support.
Re-appointment of Mr. Sudhir Jatia as Managing Director was cleared with 99.17% votes in favour.
Total voter turnout was high, with 39,410,975 votes polled out of 48,992,279 total shares (80.44%).
Institutional investors showed 100% support for the QIP resolution and over 98% support for the MD re-appointment.
👀 What to Watch
Investors should view the QIP approval as a precursor to potential growth-oriented capital expenditure or debt reduction. Leadership continuity under Mr. Jatia provides stability, though investors should monitor the eventual QIP pricing for potential dilution effects.
Safari Industries Signs 20-Year Licensing Deal for CARLTON Brand in India
Safari Industries has entered into a long-term licensing agreement with Carlton Retail Private Limited to use the CARLTON brand for luggage and related products in India. The agreement is valid for 20 years, with an option to renew for another 20 years, ensuring long-term brand stability. Safari will pay a license fee of 5% of net sales (minimum ₹45 Lakh) and provide a refundable security deposit of ₹99.50 Crore. This move is a strategic step to strengthen Safari's presence in the premium luggage segment.
Key Highlights
20-year licensing agreement for the CARLTON brand in India, renewable for another 20 years
License fee set at 5% of total net sales or ₹45 Lakh per year, whichever is higher
Interest-free refundable security deposit of ₹99.50 Crore to be paid in tranches
Agreement covers Class 18 products, primarily focusing on the luggage and travel gear segment
👀 What to Watch
Investors should view this as a positive long-term growth driver that enhances Safari's premium portfolio. Monitor the impact on market share and margins as the brand is integrated into their sales channels.
Safari Industries to Raise ₹500 Crore via QIP and Re-appoint MD Sudhir Jatia
Safari Industries (India) Limited has issued a postal ballot notice seeking shareholder approval for two key resolutions. The company plans to raise up to ₹500 crore through a Qualified Institutions Placement (QIP) to support its growth and capital requirements. Additionally, the board has proposed the re-appointment of Mr. Sudhir Jatia as Managing Director for a five-year term effective from April 18, 2026. Shareholders can cast their votes via remote e-voting between February 17 and March 18, 2026.
Key Highlights
Proposed fundraising of up to ₹500 crore through the issuance of equity shares via QIP.
Re-appointment of Mr. Sudhir Jatia as Managing Director for a 5-year tenure until April 2031.
The QIP may be offered at a discount of up to 5% on the floor price as per SEBI guidelines.
Remote e-voting period is set from February 17, 2026, to March 18, 2026.
The capital infusion is intended to strengthen the balance sheet and fund future expansion.
👀 What to Watch
The ₹500 crore fundraise indicates a strong growth outlook and potential expansion plans for the luggage manufacturer. Investors should monitor the QIP pricing and the eventual deployment of these funds into capacity building or market share gains.
Safari Industries to Raise ₹500 Crore via QIP and Re-appoints MD for 5 Years
Safari Industries has announced a significant fundraise of up to ₹500 Crore through a Qualified Institutions Placement (QIP) to support its growth objectives. The Board has also approved the re-appointment of Mr. Sudhir Jatia as Managing Director for a further five-year term, ensuring leadership continuity until 2031. While the Company Secretary has resigned to pursue other opportunities, the company is also upgrading its Registrar and Share Transfer Agent to MUFG Intime India to better manage its expanding shareholder base. These moves collectively indicate a phase of scaling up and institutionalizing corporate functions.
Key Highlights
Approved raising of funds up to ₹500 Crore through the issuance of equity shares via QIP.
Re-appointed Mr. Sudhir Jatia as Managing Director for a 5-year term effective from April 18, 2026.
Company Secretary and Compliance Officer Mr. Rameez Shaikh resigned, effective April 17, 2026.
Changing Registrar and Share Transfer Agent (RTA) to MUFG Intime India Private Limited due to exponential growth.
Fundraising and MD re-appointment are subject to shareholder approval via postal ballot.
👀 What to Watch
Investors should monitor the pricing of the ₹500 Crore QIP as it may lead to equity dilution but provides capital for expansion. The continuity of the Managing Director is a positive signal for long-term strategic execution.
Safari Industries to Raise ₹500 Cr via QIP; Re-appoints Sudhir Jatia as MD for 5 Years
Safari Industries has approved a significant fundraise of up to ₹500 crore through a Qualified Institutions Placement (QIP) to fuel its next phase of growth. The board also recommended the re-appointment of Mr. Sudhir Jatia as Managing Director for a five-year term starting April 2026, ensuring long-term leadership continuity. To manage its rapidly growing shareholder base, the company is transitioning its Registrar and Share Transfer Agent (RTA) to MUFG Intime India. While the Company Secretary has resigned, the overall focus remains on institutionalizing the business and securing capital for expansion.
Key Highlights
Approved fundraising of up to ₹500 crore through the issuance of equity shares via QIP.
Re-appointed Mr. Sudhir Jatia as Managing Director for a 5-year term from April 18, 2026, to April 17, 2031.
Transitioning RTA to MUFG Intime India to handle exponential growth in shareholder count and market share.
Company Secretary Rameez Shaikh resigned to pursue other opportunities, effective April 17, 2026.
👀 What to Watch
The ₹500 crore fundraise and leadership continuity are strong positive signals for growth-oriented investors. Monitor the QIP pricing and subsequent announcements regarding the specific utilization of these funds for capacity expansion.
Safari Industries to Raise Rs 500 Crore via QIP and Re-appoints MD Sudhir Jatia
Safari Industries has announced a significant fundraise of up to Rs 500 crore through a Qualified Institutions Placement (QIP) to support its growth initiatives. The Board has also recommended the re-appointment of Mr. Sudhir Jatia as Managing Director for another five-year term, ensuring leadership continuity until 2031. To manage its expanding shareholder base, the company is transitioning its Registrar and Share Transfer Agent (RTA) to MUFG Intime India. Additionally, the current Company Secretary, Rameez Shaikh, has resigned and will be relieved by April 17, 2026.
Key Highlights
Board approved fundraising of up to Rs 500 crore through Qualified Institutions Placement (QIP)
Mr. Sudhir Jatia re-appointed as Managing Director for a 5-year term from April 2026 to April 2031
Change in RTA from Adroit Corporate Services to MUFG Intime India due to exponential shareholder growth
Company Secretary Rameez Shaikh resigned to pursue other opportunities, effective April 17, 2026
Postal ballot notice approved to seek shareholder consent for the QIP and MD re-appointment
👀 What to Watch
Investors should view the Rs 500 crore fundraise as a signal for aggressive expansion and monitor the final QIP pricing. The five-year extension for Sudhir Jatia is a positive for leadership stability given his long-term track record with the brand.
Safari Industries Q3 FY26 Net Profit Rises 13.8% YoY to ₹48.9 Crore
Safari Industries reported a steady growth in its consolidated revenue for the quarter ended December 31, 2025, reaching ₹445.35 crore, up from ₹386.24 crore in the same period last year. The net profit for the quarter stood at ₹48.90 crore, representing a 13.8% year-on-year increase. Total expenses rose to ₹382.07 crore, primarily driven by the cost of materials consumed and purchase of stock-in-trade. The company maintained a healthy EPS of ₹10.04 for the quarter, indicating consistent operational performance in the luggage and travel accessories segment.
Key Highlights
Consolidated Revenue from Operations grew 15.3% YoY to ₹445.35 crore in Q3 FY26.
Net Profit for the quarter increased to ₹48.90 crore compared to ₹42.95 crore in Q3 FY25.
Earnings Per Share (EPS) improved to ₹10.04 from ₹9.05 in the corresponding previous quarter.
Total Income for the nine-month period ended Dec 31, 2025, reached ₹1,351.48 crore.
The company continues to operate through its key subsidiaries Safari Manufacturing Limited and Safari Lifestyles Limited.
👀 What to Watch
Investors should view the consistent double-digit growth in revenue and profit as a sign of strong market demand and operational efficiency. The stock remains a solid play in the consumer discretionary and travel sector, though valuation should be monitored relative to historical averages.
Safari Industries to Raise Rs 500 Crore via QIP; Re-appoints MD Sudhir Jatia for 5 Years
Safari Industries has approved a significant fundraise of up to Rs 500 crore through a Qualified Institutions Placement (QIP) to support its growth objectives. The Board has also recommended the re-appointment of Mr. Sudhir Jatia as Managing Director for a further five-year term, ensuring leadership continuity until 2031. While the Company Secretary, Mr. Rameez Shaikh, has resigned effective April 2026, the company is already in the process of identifying a successor. Additionally, the company is upgrading its Registrar and Share Transfer Agent (RTA) to MUFG Intime India to better manage its expanding shareholder base.
Key Highlights
Approved fundraise of up to Rs 500 crore through Qualified Institutions Placement (QIP) of equity shares.
Re-appointment of Mr. Sudhir Jatia as Managing Director for a 5-year term from April 18, 2026, to April 17, 2031.
Resignation of Company Secretary and Compliance Officer Mr. Rameez Shaikh effective April 17, 2026.
Transition of RTA services to MUFG Intime India Private Limited to accommodate exponential growth in shareholder numbers.
Board meeting concluded with a proposal for a Postal Ballot to seek shareholder approval for the QIP and MD re-appointment.
👀 What to Watch
The Rs 500 crore fundraise indicates aggressive growth or deleveraging plans which investors should monitor closely. The re-appointment of the MD who has led the company since 2012 provides management stability, making this a positive development for long-term holders.
