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Footwear & Leather: Q1 FY27 results (April-June 2026)
12 companies have declared Footwear & Leather Q1 FY27 results so far, the latest on 13 Aug 2026.
Across the 12 non-financial companies with a year-ago quarter to compare, sales grew +9.3% and net profit +8.0% year on year, and the combined operating margin narrowed 28 bps to 17.7%.
58% of companies grew net profit; 1 turned a loss into a profit; 20% beat their own profit trend and 60% fell short of it.
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Footwear & Leather Q1 FY27 scoreboard
Sales growth
+9.3%
YoY, 12 companies combined; median +5.9%
Net profit growth
+8.0%
YoY combined; median +18.2%
Operating margin
17.7%
-28 bps YoY
Grew profit
58%
1 turnaround, 2 into loss
Vs own profit trend
20% / 60%
above / below, 20% in line
Price since results
-7.4%
median; 40% of 10 stocks up
Other-income heavy
4
25%+ of pre-tax profit from other income & one-offs
Latest Footwear & Leather Q1 FY27 results 12
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M Cap ₹1,397 Cr
P/E 54.5
PEG —
Since results +32.1%
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
+33.2% +19.2%
373 313 280 Operating profit
+33.0% +173.9%
36.0 13.2 27.1 OPM %
-1 bps +546 bps
9.7% 4.2% 9.7% Other income
+109.4% +235.3%
1.9 0.6 0.9 Net profit
+218.2% from loss 17.8 -8.8 5.6 PAT margin %
+277 bps +757 bps
4.8% -2.8% 2.0%
Quality of profit
Pre-tax profit ₹23.0 Cr: core business ₹19.9 Cr, other income ₹1.9 Cr, exceptional & other items ₹1.2 Cr.
Core profit YoY: +120.9%
· reported profit +218.2%
Cash & debt
FY26 cash from operations ₹40.0 Cr:
298% of FY26 net profit of ₹13.4 Cr.
Borrowings ₹542 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹370 ₹373
+0.6% in line
AI read of the filing BIL Q1 FY27 Results: Consolidated Net Profit Jumps 218% YoY to ₹17.76 Cr Positive Consolidated Total Revenue reached ₹374.67 Cr in Q1 FY27, up from ₹280.86 Cr in Q1 FY26. Net Profit attributable to owners rose to ₹17.76 Cr, a significant jump from ₹5.58 Cr YoY. Basic Earnings Per Share (EPS) improved to ₹13.21 for the quarter, compared to ₹4.26 in the previous year. Full analysis →
M Cap ₹169 Cr
P/E 21.6
PEG —
Since results -2.2%
Turnaround: profit against a loss a year ago Operating margin expanded 182 bps YoY 63% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
+0.1% +5.1%
163 155 163 Operating profit
+41.7% -20.7%
10.1 12.7 7.1 OPM %
+182 bps -201 bps
6.2% 8.2% 4.4% Other income
-22.7% from loss 3.2 -3.2 4.1 Net profit
from loss from loss 3.6 -1.3 -0.3 PAT margin %
+238 bps +302 bps
2.2% -0.8% -0.2% EPS (₹)
from loss from loss 4.09 -1.17 -0.26
Quality of profit
Pre-tax profit ₹5.0 Cr: core business ₹1.9 Cr, other income ₹3.2 Cr.
Core profit YoY: from loss
Cash & debt
FY26 cash from operations ₹62.0 Cr:
1577% of FY26 net profit of ₹3.9 Cr.
Borrowings ₹181 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹169 ₹163
-3.5% in line
AI read of the filing Superhouse Q1 PBT at ₹5.04 Cr; Board approves exit from French subsidiary Positive Consolidated PBT recovered to ₹5.04 Cr in Q1 FY27 compared to a loss of ₹0.86 Cr in Q4 FY26. Total consolidated revenue for the quarter reached ₹162.87 Cr, up from ₹154.95 Cr in the previous quarter. French subsidiary being divested accounted for only 0.10% of the consolidated net worth as of March 31, 2026. Full analysis →
M Cap ₹97.0 Cr
P/E 335.0
PEG 7.45
Since results -25.8%
Into loss: a profit a year ago Profit -121% below its own trend Operating margin contracted 1714 bps YoY
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
-24.6% +3.0%
13.5 13.1 17.9 Operating profit
to loss loss widened -1.3 -1.1 1.3 OPM %
-1714 bps -123 bps
-9.9% -8.7% 7.2% Other income
-21.6% -43.7%
0.8 1.4 1.0 Net profit
to loss loss widened -0.6 -0.1 1.4 PAT margin %
-1227 bps -353 bps
-4.4% -0.9% 7.8% EPS (₹)
to loss loss widened -1.11 -0.22 2.59
Quality of profit
Pre-tax profit −₹0.8 Cr: core business −₹1.6 Cr, other income ₹0.8 Cr.
Core profit YoY: to loss
Cash & debt
FY26 cash from operations ₹5.4 Cr:
236% of FY26 net profit of ₹2.3 Cr.
Borrowings ₹2.1 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹16.5 ₹13.5
-18.3% below Net profit ₹2.8 −₹0.6
-121.4% below
AI read of the filing Zenith Exports reports Q1 Net Loss of ₹0.60 Cr; Revenue down 24.6% YoY Negative Revenue for Q1 FY27 fell to ₹13.49 crore from ₹17.90 crore in Q1 FY26 Net loss of ₹0.60 crore recorded against a profit of ₹1.40 crore in the year-ago period Industrial Leather Hand Gloves segment revenue dropped to ₹8.54 crore from ₹12.39 crore YoY Full analysis →
M Cap ₹7,882 Cr
P/E 53.9
PEG —
Since results -12.6%
Profit +146% above its own trend
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
+3.9% +18.3%
979 828 942 Operating profit
+2.6% +35.3%
204 151 199 OPM %
-27 bps +262 bps
20.8% 18.2% 21.1% Other income
+6.2% from loss 18.0 -8.3 17.0 Net profit
+23.0% —
64.0 2.2 52.0 PAT margin %
+102 bps +627 bps
6.5% 0.3% 5.5% EPS (₹)
+23.0% —
4.98 0.17 4.05
Quality of profit
Pre-tax profit ₹85.9 Cr: core business ₹67.9 Cr, other income ₹18.0 Cr.
Core profit YoY: +17.3%
· reported profit +23.0%
Cash & debt
FY26 cash from operations ₹595 Cr:
443% of FY26 net profit of ₹134 Cr.
Borrowings ₹1,387 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹954 ₹979
+2.6% in line Net profit ₹26.0 ₹64.0
+146.1% above
AI read of the filing Rs 25 Interim Dividend Declared; Q1 FY27 Net Profit Rises 23% YoY to Rs 63.8 Cr Positive Interim dividend of Rs 25 per equity share declared for the financial year ending March 31, 2027 Standalone Revenue from operations increased to Rs 978.9 cr in Q1 FY27 from Rs 941.8 cr in Q1 FY26 Standalone Net Profit grew 23.4% YoY to Rs 63.8 cr, with EPS rising to Rs 4.96 from Rs 4.02 Full analysis →
M Cap ₹62.0 Cr
P/E 20.9
PEG 1.16
Since results +39.2%
Profit +32% above its own trend Operating margin expanded 368 bps YoY All of pre-tax profit came from other income or one-off items Operating cash flow was negative in FY26 despite a profit
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
+64.5% -20.6%
29.0 36.6 17.7 Operating profit
loss narrowed loss narrowed -0.0 -1.4 -0.7 OPM %
+368 bps +374 bps
-0.1% -3.9% -3.8% Other income
-9.0% -50.4%
1.8 3.6 2.0 Net profit
+104.3% -32.8%
0.5 0.8 0.2 PAT margin %
+34 bps -32 bps
1.8% 2.1% 1.4% EPS (₹)
+150.0% -28.6%
0.05 0.07 0.02
Quality of profit
Pre-tax profit ₹0.7 Cr: core business −₹1.0 Cr, other income ₹1.8 Cr.
Core profit YoY: loss narrowed
· reported profit +104.3%
Cash & debt
FY26 cash from operations −₹16.0 Cr:
-588% of FY26 net profit of ₹2.7 Cr.
Borrowings ₹21.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹23.4 ₹29.0
+24.0% above Net profit ₹0.4 ₹0.5
+31.6% above
AI read of the filing AKI India Q1 Consolidated Revenue Grows 64% YoY to ₹29.04 Cr Positive Consolidated revenue increased 64.4% YoY to ₹29.04 Cr from ₹17.66 Cr. Consolidated PAT grew to ₹0.51 Cr compared to ₹0.23 Cr in the year-ago period. UK subsidiary AKI UK Limited reported a quarterly revenue of GBP 256,868.67. Full analysis →
M Cap ₹358 Cr
P/E 41.9
PEG —
Since results -19.6%
Profit -75% below its own trend Operating margin contracted 129 bps YoY
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
-1.7% -19.9%
170 212 173 Operating profit
-15.4% -32.4%
13.5 20.0 16.0 OPM %
-129 bps -147 bps
8.0% 9.4% 9.2% Other income
-89.1% -93.7%
0.0 0.4 0.2 Net profit
-79.5% -87.1%
0.7 5.3 3.3 PAT margin %
-152 bps -210 bps
0.4% 2.5% 1.9% EPS (₹)
-79.5% -87.1%
0.40 3.11 1.95
Quality of profit
Pre-tax profit ₹1.1 Cr: core business ₹1.3 Cr, other income ₹0.0 Cr.
Core profit YoY: -70.6%
· reported profit -79.5%
Cash & debt
FY26 cash from operations ₹80.0 Cr:
715% of FY26 net profit of ₹11.2 Cr.
Borrowings ₹166 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹193 ₹170
-12.2% below Net profit ₹2.8 ₹0.7
-75.3% below
AI read of the filing Liberty Shoes Announces Management Reshuffle and Promoter Reclassification Request Watch Shammi Bansal, associated with the company since 1984, transitioned from Executive Director to President effective August 10, 2026. Raman Bansal appointed as Additional/Executive Director for a 3-year term, subject to shareholder approval. Board to submit promoter reclassification application for Arpan Gupta to stock exchanges with 'reasoned observations' regarding control status. Full analysis →
M Cap ₹212 Cr
P/E 76.5
PEG —
Since results +17.5%
Profit -25% below its own trend Operating margin contracted 282 bps YoY All of pre-tax profit came from other income or one-off items
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
-18.7% -6.8%
77.8 83.6 95.7 Operating profit
-36.5% -34.2%
7.8 11.9 12.3 OPM %
-282 bps -417 bps
10.1% 14.2% 12.9% Other income
+131.2% +123.2%
5.8 2.6 2.5 Net profit
-38.6% -30.4%
0.5 0.8 0.8 PAT margin %
-22 bps -23 bps
0.7% 0.9% 0.9% EPS (₹)
-39.1% -31.7%
0.28 0.41 0.46
Quality of profit
Pre-tax profit ₹0.7 Cr: core business −₹5.1 Cr, other income ₹5.8 Cr.
Core profit YoY: loss widened
· reported profit -38.6%
Cash & debt
FY26 cash from operations ₹26.0 Cr:
841% of FY26 net profit of ₹3.1 Cr.
Borrowings ₹249 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹72.9 ₹77.8
+6.8% above Net profit ₹0.7 ₹0.5
-24.5% below
AI read of the filing Khadim Q1 EPS Drops to ₹0.28; Board Approves ₹11.25 Cr Warrant Issuance Negative EPS for Q1 FY27 fell to ₹0.28, a 39% decline compared to ₹0.46 in Q1 FY26. Approved issuance of 1,022,727 convertible warrants at ₹110 per share, totaling ₹11.25 crore. The warrant issue price of ₹110 represents a premium over the current market price of ₹96. Full analysis →
M Cap ₹377 Cr
P/E —
PEG —
Since results -18.9%
Into loss: a profit a year ago Profit -111% below its own trend Operating margin contracted 657 bps YoY
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
-9.6% +24.7%
128 103 142 Operating profit
-76.1% from loss 3.0 -7.0 12.7 OPM %
-657 bps +916 bps
2.4% -6.8% 8.9% Other income
+34.9% -36.6%
0.6 1.0 0.5 Net profit
to loss loss narrowed -4.1 -13.0 17.8 PAT margin %
-1570 bps +945 bps
-3.2% -12.6% 12.5% EPS (₹)
to loss loss narrowed -0.29 -0.96 1.29
Quality of profit
Pre-tax profit −₹4.4 Cr: core business −₹5.1 Cr, other income ₹0.6 Cr.
Core profit YoY: to loss
Cash & debt
FY26 cash from operations ₹44.0 Cr.
Borrowings ₹15.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹130 ₹128
-1.5% in line Net profit ₹35.6 −₹4.1
-111.4% below
AI read of the filing Mirza International Reports Q1 Net Loss of ₹4.07 Cr as Revenue Declines 9.6% YoY Negative Consolidated Revenue from Operations fell 9.6% YoY to ₹128.40 Cr from ₹142.11 Cr Net Profit swung to a loss of ₹4.07 Cr compared to a profit of ₹17.81 Cr in Q1 FY26 Tannery segment revenue dropped 31.7% YoY to ₹31.41 Cr with a segment loss of ₹2.78 Cr Full analysis →
M Cap ₹3,426 Cr
P/E 16.6
PEG 0.72
Since results +5.3%
Operating margin expanded 198 bps YoY 31% of pre-tax profit came from other income and one-off items
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
+24.7% -1.4%
269 273 216 Operating profit
+37.1% -31.5%
58.9 86.0 43.0 OPM %
+198 bps -961 bps
21.9% 31.5% 19.9% Other income
+17.4% +665.3%
23.0 3.0 19.6 Net profit
+37.8% -4.9%
56.1 59.0 40.7 PAT margin %
+198 bps -77 bps
20.8% 21.6% 18.9% EPS (₹)
+37.9% -5.6%
12.92 13.68 9.37
Quality of profit
Pre-tax profit ₹74.1 Cr: core business ₹51.2 Cr, other income ₹23.0 Cr.
Core profit YoY: +44.5%
· reported profit +37.8%
Cash & debt
FY26 cash from operations ₹133 Cr:
70% of FY26 net profit of ₹191 Cr.
Borrowings ₹8.0 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹241 ₹269
+11.8% above Net profit ₹51.1 ₹56.1
+9.7% in line
AI read of the filing Mayur Uniquoters Q1 Revenue up 19.7% YoY to ₹247 Cr; PBT Surges 40.6% YoY Positive Revenue from operations reached ₹247.03 Cr in Q1 FY27, a 19.7% increase over ₹206.41 Cr in Q1 FY26. Profit Before Tax (PBT) grew to ₹77.79 Cr from ₹55.32 Cr in the corresponding quarter of the previous year. Total income for the quarter stood at ₹269.71 Cr, including other income of ₹22.68 Cr. Full analysis →
M Cap ₹23,570 Cr
P/E 57.1
PEG 11.42
Since results -17.6%
Profit -16% below its own trend Operating margin contracted 107 bps YoY
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
+14.7% -6.8%
720 773 628 Operating profit
+10.7% -9.8%
215 238 194 OPM %
-107 bps -99 bps
29.8% 30.8% 30.9% Other income
-6.6% -16.6%
26.7 32.0 28.6 Net profit
-3.6% -19.3%
95.3 118 98.8 PAT margin %
-250 bps -204 bps
13.2% 15.3% 15.7% EPS (₹)
-5.0% -19.6%
3.44 4.28 3.62
Quality of profit
Pre-tax profit ₹127 Cr: core business ₹100 Cr, other income ₹26.7 Cr.
Core profit YoY: -1.3%
· reported profit -3.6%
Cash & debt
FY26 cash from operations ₹474 Cr:
114% of FY26 net profit of ₹416 Cr.
Borrowings ₹1,570 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹712 ₹720
+1.2% in line Net profit ₹114 ₹95.3
-16.5% below
AI read of the filing Metro Brands Q1 Revenue up 14% to ₹701 Cr; PAT down 5%; New ESOP for 54.5 Lakh Shares Neutral Revenue from operations grew 14% YoY to ₹701.62 Cr in Q1 FY27 compared to ₹615.09 Cr in Q1 FY26 Net profit for the quarter stood at ₹91.37 Cr, a 5.4% decrease from ₹96.62 Cr in the previous year's quarter New ESOS 2026 scheme covers 54,50,000 equity shares with an exercise price at 50% of the previous quarter's VWAP Full analysis →
M Cap ₹7,120 Cr
P/E 38.3
PEG 7.66
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
+7.8% -6.1%
705 751 654 Operating profit
+9.1% -12.9%
108 124 99.0 OPM %
+18 bps -119 bps
15.3% 16.5% 15.1% Other income
+18.2% +8.3%
13.0 12.0 11.0 Net profit
+12.2% -19.1%
55.0 68.0 49.0 PAT margin %
+31 bps -125 bps
7.8% 9.1% 7.5% EPS (₹)
+12.8% -18.8%
2.21 2.72 1.96
Quality of profit
Pre-tax profit ₹75.0 Cr: core business ₹62.0 Cr, other income ₹13.0 Cr.
Core profit YoY: +14.8%
· reported profit +12.2%
Cash & debt
FY26 cash from operations ₹348 Cr:
193% of FY26 net profit of ₹180 Cr.
Borrowings ₹233 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹630 ₹705
+11.8% above Net profit ₹51.1 ₹55.0
+7.6% in line
Profit -10% below its own trend
₹ Cr YoY QoQ
Jun 2026 Mar 2026 Jun 2025
Sales
+12.2% -15.6%
385 456 343 Operating profit
+12.2% -32.9%
55.0 82.0 49.0 OPM %
+0 bps -370 bps
14.3% 18.0% 14.3% Other income
+33.3% +33.3%
8.0 6.0 6.0 Net profit
+18.2% -40.9%
26.0 44.0 22.0 PAT margin %
+34 bps -290 bps
6.8% 9.6% 6.4% EPS (₹)
+17.8% -40.3%
0.86 1.44 0.73
Quality of profit
Pre-tax profit ₹35.0 Cr: core business ₹27.0 Cr, other income ₹8.0 Cr.
Core profit YoY: +12.5%
· reported profit +18.2%
Cash & debt
FY26 cash from operations ₹135 Cr:
90% of FY26 net profit of ₹150 Cr.
Borrowings ₹236 Cr at Mar 2026.
Against its own trend ?
Trend Actual Gap
Sales ₹389 ₹385
-1.0% in line Net profit ₹29.0 ₹26.0
-10.3% below
Standouts so far
Among companies with a market cap of ₹1,000 Cr or more, so a tiny base does not top the list. Price reaction: last close against the close before the filing.
Reporting in the next three days
HCL Technologies (Mon 12 Oct), ICICI Prudential (Mon 12 Oct), RBL Bank (Mon 12 Oct), Swan Defence (Mon 12 Oct), Gujarat State (Mon 12 Oct), Swaraj Engines (Mon 12 Oct), Plastiblends India (Mon 12 Oct), UMIYA BUILDCON (Mon 12 Oct), Alkali Metals (Mon 12 Oct), Gradiente Infotainment (Mon 12 Oct), Agri-Tech (India) (Mon 12 Oct), Abhishek Integrations (Mon 12 Oct), Rudra Ecovation (Mon 12 Oct), Newtrac Foods (Mon 12 Oct), Inani Securities (Mon 12 Oct), Neil Industries (Mon 12 Oct), Adroit Industries (Mon 12 Oct), TYPHOON (Mon 12 Oct), UNIVARTS (Mon 12 Oct), VERONICAPRO (Mon 12 Oct), ICICI Prudential (Tue 13 Oct), Tata Elxsi (Tue 13 Oct), Transformers And Rectifiers (Tue 13 Oct), Anand Rathi (Tue 13 Oct) and 87 more.
Full results calendar →
How to read this page
The numbers. Each card is one company's Q1 FY27 results as filed with NSE or BSE, read from the
filing within hours of its release, in ₹ crore. We show the consolidated statement, or the standalone one when
the consolidated figures are a copy of it or have no year-ago quarter to compare with. YoY compares with the same
quarter a year earlier and QoQ with the quarter before (the previous half-year for companies that report every six months).
A swing between profit and loss is described in words: a percentage across it would mislead.
Margins. Operating margin (OPM) is operating profit, before depreciation, interest and other income,
as a share of sales; PAT margin is net profit as a share of sales. Their changes are in basis points
(100 bps = 1 percentage point).
Quality of profit. Core profit is operating profit minus interest and depreciation: what the business
itself earned before tax. The rest of pre-tax profit is other income (interest on cash, dividends, gains on
investments) and exceptional or one-off items. We flag a quarter when that share is 25% or more,
and when reported profit grew much faster than core profit. For banks we compare pre-provision profit with net
profit, since a fall in provisions can lift profit without the business growing.
Against its own trend. We do not have analyst consensus estimates, and we do not make them up. Instead
each company is measured against the path it was on: the same quarter last year, grown at the median of its
last four year-on-year growth rates (held between −50% and +100%; at least two growth rates needed). Sales
5% or more above that, or net profit 10% or more above, is "above trend";
as far below is "below trend". It answers "was this quarter better or worse than the company's own recent
run?", which consensus does not.
Cash and debt. Profit is an accounting figure; cash is harder to dress up. For each company we show
its operating cash flow for the last financial year as a share of that year's net profit (flagged under
50%, or when it is negative despite a profit), and its borrowings at the latest balance sheet
against the one six months earlier (flagged at a 25% move). Balance sheets come with the
September and March results, cash-flow statements with the March results.
Price since results. The latest close against the last close before the filing (a filing after 3:30 pm
counts from the next session). It is a fact about the market's reaction, not advice.
Market cap groups. Large cap is the 100 largest companies by market value and mid cap the next 150
(SEBI's ranking); below that, small cap is ₹5,000 Cr or more, micro cap ₹500 Cr or more, nano cap below.
Data source Quarterly results filed by listed companies with NSE and BSE (Regulation 33 of SEBI LODR), read from each filing; share prices from the exchanges; market cap and P/E from our daily fundamentals snapshot.
Last updated 12 Oct 2026, 12:20 IST
