Leisure Products & Luggage: Q1 FY27 results (April-June 2026)

3 companies have declared Leisure Products & Luggage Q1 FY27 results so far, the latest on 12 Aug 2026.

Across the 3 non-financial companies with a year-ago quarter to compare, sales grew +7.1% and net profit -121.6% year on year, and the combined operating margin narrowed 403 bps to 5.4%.

0% of companies grew net profit; 0% beat their own profit trend and 100% fell short of it.

Updated 12 Oct 2026, 12:20 IST 3 declared 111 due in the next 3 days →

Leisure Products & Luggage Q1 FY27 scoreboard

Sales growth
+7.1%
YoY, 3 companies combined; median +3.0%
Net profit growth
-121.6%
YoY combined; median -5.4%
Operating margin
5.4%
-403 bps YoY
Grew profit
0%
0 turnarounds, 0 into loss
Vs own profit trend
0% / 100%
above / below, 0% in line
Price since results
-12.4%
median; 0% of 3 stocks up

Latest Leisure Products & Luggage Q1 FY27 results 3

VIP Industries Limited

VIPIND · Leisure Products & Luggage · Q1 FY27 · Consolidated · Filed
M Cap
₹3,829 Cr
P/E
—
PEG
—
Since results
-12.4%
  • Operating margin contracted 631 bps YoY
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +3.0%+32.6% 578436561
Operating profit to lossloss narrowed -11.1-82.224.6
OPM % -631 bps+1692 bps -1.9%-18.8%4.4%
Other income -11.9%+9.4% 4.13.74.6
Net profit loss widenedloss narrowed -53.6-129-13.1
PAT margin % -693 bps+2029 bps -9.3%-29.5%-2.3%
EPS (₹) loss widenedloss narrowed -3.77-9.07-0.92

Quality of profit

Pre-tax profit −₹54.6 Cr: core business −₹58.7 Cr, other income ₹4.1 Cr.

Core profit YoY: loss widened

Cash & debt

FY26 cash from operations ₹181 Cr.

Borrowings ₹738 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹494₹578 +17.0% above
AI read of the filing Rs 108 Cr non-core asset sale completed; Carlton brand sales halted in India Watch
  • Completed sale of non-core assets in July 2026 for a gross consideration of Rs 108 Crores
  • Ceased all 'Carlton' brand inventory sales in India by May 31, 2026, following a Supreme Court order
  • Reversed inventory provisions amounting to Rs 12.31 Crores during the quarter ended June 30, 2026
Full analysis →

Atlas Cycles (Haryana) Limited

ATLASCYCLE · Leisure Products & Luggage · Q1 FY27 · Standalone · Filed
M Cap
₹60.0 Cr
P/E
—
PEG
—
Since results
-4.5%
  • Operating margin contracted 3125 bps YoY
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales -22.4%+5.9% 1.51.42.0
Operating profit loss widenedloss narrowed -1.5-2.4-1.3
OPM % -3125 bps+7050 bps -96.4%-166.9%-65.2%
Net profit loss widenedloss narrowed -1.9-2.6-1.6
PAT margin % -4524 bps+5151 bps -125.0%-176.6%-79.8%
EPS (₹) loss widenedloss narrowed -2.95-3.94-2.43

Quality of profit

Pre-tax profit −₹1.9 Cr: core business −₹1.9 Cr.

Core profit YoY: loss widened

Cash & debt

FY26 cash from operations ₹1.9 Cr.

Borrowings ₹9.0 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹1.2₹1.5 +27.4% above
AI read of the filing Rs 1.92 Cr Q1 Loss; Sonepat Land Sale Extension to Dec 2026 Negative
  • Net loss of Rs 192.02 lakh for Q1 FY27, compared to a loss of Rs 158.38 lakh in the same quarter last year.
  • Revenue from operations stood at Rs 153.57 lakh, showing minimal growth from Rs 145.27 lakh in the previous quarter.
  • Extension granted for Sonepat land sale deed execution until December 31, 2026, at the buyer's request.
Full analysis →

Safari Industries (India) Limited

SAFARI · Leisure Products & Luggage · Q1 FY27 · Consolidated · Filed
M Cap
₹6,466 Cr
P/E
39.3
PEG
3.93
Since results
-14.2%
  • Profit -14% below its own trend
  • Operating margin contracted 221 bps YoY
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +11.5%+24.4% 589473528
Operating profit -4.9%+21.6% 75.462.079.3
OPM % -221 bps-29 bps 12.8%13.1%15.0%
Other income +24.1%+2.9% 7.27.05.8
Net profit -5.4%+29.1% 47.837.050.5
PAT margin % -145 bps+29 bps 8.1%7.8%9.6%
EPS (₹) -5.6%+27.5% 9.757.6510.33

Quality of profit

Core 88%Other income & one-offs 12%

Pre-tax profit ₹61.0 Cr: core business ₹53.9 Cr, other income ₹7.2 Cr.

Core profit YoY: -9.7% · reported profit -5.4%

Cash & debt

FY26 cash from operations ₹173 Cr: 103% of FY26 net profit of ₹167 Cr.

Borrowings ₹117 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹613₹589 -4.0% in line
Net profit₹55.5₹47.8 -13.9% below
AI read of the filing ₹588.6 Cr Q1 Revenue: Safari reports 11.5% YoY growth; Net Profit down 5.4% to ₹47.8 Cr Neutral
  • 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.
Full analysis →

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.

⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI