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Bhatia Communications & Retail (India) Ltd (540956)

📊 BSE: 540956 🏢 Speciality Retail 📢 Latest filing: 20 Aug 2026 📝 Analysis written: 13 Nov 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Bhatia Communications' revenue was ₹190 Cr (+70.3% year on year, +11.7% on the previous quarter), and net profit ₹6.8 Cr (+90.4% year on year); the operating margin was 5.3%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹190	+70.3%	+11.7%
Operating profit	₹10.1	+80.5%	+69.1%
Net profit	₹6.8	+90.4%	+49.8%
EPS (₹)	0.48	+65.5%	+50.0%
Operating margin	5.3%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Bhatia Communications Q1 Presentation: Revenue Jumps 70% YoY to ₹190.7 Cr, Store Count Hits 363

🟢 POSITIVE ⭐ 6/10

EARNINGS 📅 20 Aug 2026, 05:11 PM

Bhatia Communications released its Q1 FY27 investor presentation highlighting a 70% YoY revenue increase to ₹190.67 crore and a 90% YoY jump in net profit to ₹6.82 crore. The company expanded its retail footprint to 363 stores (360 company-owned, 3 franchise) covering 2.77 lakh sq. ft., with Maharashtra store count reaching 63. Operational metrics show a store payback period of 12-13 months on an average capex of ₹8-10 lakhs per store. The balance sheet remains low leverage with a reported debt-to-equity ratio of 0.04x.

Q1 FY27 Revenue surged 70% YoY to ₹190.67 crore compared to ₹112.19 crore in Q1 FY26
Q1 FY27 Net Profit grew 90% YoY to ₹6.82 crore with PAT margin expanding to 3.58%
Total store count expanded to 363 stores across 2.77 lakh sq. ft. of retail footprint
Maharashtra store footprint grew to 63 stores in Q1 FY27 from 16 stores in Q1 FY26
Store unit economics indicate ₹8-10 lakhs average capex and a 12-13 month payback period

💡 Track the pace of store additions in Maharashtra and working capital days in upcoming quarterly filings to assess payback consistency.

Re 0.01 Interim Dividend Declared for FY 2026-27

🟡 NEUTRAL ⭐ 5/10

DIVIDEND 📅 14 Aug 2026, 04:04 PM

Bhatia Communications & Retail (India) Ltd has declared its first interim dividend of Re 0.01 per share for the financial year 2026-27. This represents 1% of the face value of Re 1 per share. Based on the current market price of Rs 26.6, the yield for this specific interim dividend is approximately 0.04%. The total estimated payout is roughly Rs 0.13 crore, which is less than 1% of the company's TTM PAT of Rs 17 crore.

Interim dividend of Re 0.01 per equity share declared for FY 2026-27
Dividend represents 1% of the face value of Re 1 per share
Board meeting held on August 14, 2026, to approve the declaration
Estimated total payout of ~Rs 0.13 crore against TTM PAT of Rs 17 crore
Dividend to be paid within the time prescribed under Companies Act, 2013

💡 Investors should monitor for the announcement of the record date to determine eligibility for the dividend payout.

90% PAT Growth to ₹6.82 Cr in Q1 FY27; ₹0.01 Interim Dividend Declared

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 14 Aug 2026, 03:59 PM

Bhatia Communications & Retail (India) Ltd reported a strong start to FY27 with Q1 revenue growing 70.3% YoY to ₹189.99 Cr. Net profit surged 90.5% YoY to ₹6.82 Cr, significantly exceeding the ₹3.58 Cr reported in the same quarter last year. The company maintained a very low debt-to-equity ratio of 0.04 and declared a small interim dividend of ₹0.01 per share. This performance represents a notable sequential improvement over the March 2026 quarter as well.

Revenue from operations increased 70.3% YoY to ₹189.99 Cr from ₹111.54 Cr.
Net profit grew 90.5% YoY to ₹6.82 Cr compared to ₹3.58 Cr in Q1 FY26.
Earnings Per Share (EPS) rose to ₹0.48 from ₹0.29 in the year-ago period.
Declared 1st interim dividend of ₹0.01 (1%) per equity share of ₹1 face value.
Operating profit before tax stood at ₹9.10 Cr, a 90.6% increase over the ₹4.77 Cr reported in June 2025.

💡 Investors should monitor the sustainability of these higher margins and revenue growth in upcoming quarters to see if this represents a structural shift in the business scale.

90% PAT Growth YoY; Rs 189.99 Cr Revenue in Q1 FY27; Re 0.01 Interim Dividend

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 14 Aug 2026, 03:47 PM

Bhatia Communications reported a strong performance for Q1 FY27, with revenue from operations jumping 70.3% YoY to Rs 189.99 Cr. Net profit surged 90.5% YoY to Rs 6.82 Cr, compared to Rs 3.58 Cr in the same quarter last year. The company also declared a small interim dividend of Re 0.01 per share. This performance represents a significant sequential improvement, with PAT rising 49.9% compared to the March 2026 quarter.

Revenue from operations increased 70.3% YoY to Rs 189.99 Cr from Rs 111.54 Cr.
Net profit grew 90.5% YoY to Rs 6.82 Cr, significantly exceeding the TTM quarterly average.
Earnings Per Share (EPS) rose to Rs 0.48 for the quarter, up from Rs 0.29 YoY.
Board declared an interim dividend of Re 0.01 (1%) per equity share of Rs 1 face value.
Inventory levels increased by Rs 10.64 Cr during the quarter, indicating preparation for higher sales volumes.

💡 Investors should monitor if the company can maintain this elevated revenue run rate of ~Rs 190 Cr per quarter, which is significantly higher than the FY26 average of ~Rs 148 Cr.

Aug 14 Board Meeting to consider Q1 Results and 1st Interim Dividend

🟢 POSITIVE ⭐ 6/10

BOARD_MEETING 📅 06 Aug 2026, 05:44 PM

Bhatia Communications & Retail (India) Ltd has scheduled a board meeting on August 14, 2026, to approve its Q1 FY27 financial results and consider a first interim dividend. The company currently operates with a TTM revenue of Rs 591 Cr and a net profit of Rs 17 Cr, reflecting a modest 4.2% operating margin. This meeting is a key event for shareholders to assess early FY27 performance and potential cash returns. Notably, promoter holding has decreased from 74.06% to 69.45% over the past year.

Board meeting scheduled for August 14, 2026, to approve standalone unaudited financial results.
Agenda includes the consideration and declaration of the 1st Interim Dividend for FY 2026-27.
Trading window for insiders has been closed since July 01, 2026, until 48 hours post-results.
Company reported a net profit of Rs 4.55 Cr in the most recent quarter ended March 2026.

💡 Monitor the dividend payout ratio and check if Q1 margins show improvement over the TTM OPM of 4.2% to justify the current P/E of 18.0.

Bhatia Communications Appoints R Kejriwal & Co. as Statutory Auditors for 5-Year Term

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 27 Jul 2026, 03:18 PM

Bhatia Communications & Retail (India) Ltd has appointed M/s. R Kejriwal & Co. as its new Statutory Auditors for a five-year term following the 18th Annual General Meeting held on July 25, 2026. The new firm replaces the retiring auditors, M/s. R P R & Co., and will serve until the conclusion of the AGM in 2031. This is a standard regulatory procedure for a company with a TTM revenue of Rs 591 crore and a market capitalization of Rs 309 crore. The appointment was approved by shareholders via video conferencing.

Appointment of M/s. R Kejriwal & Co. for a fixed term of 5 consecutive years.
The tenure is effective from July 25, 2026, until the Annual General Meeting in 2031.
The new auditor firm brings over 13 years of experience in audit and taxation services.
Replaces the retiring statutory auditor, M/s. R P R & Co., whose term concluded at the 18th AGM.

💡 No action is required; investors should simply note the change and look for the new auditor's signature on the upcoming September 2026 quarterly financial results.

Temporary disruption at 2 Surat locations due to flooding; loss assessment underway

🔴 NEGATIVE ⭐ 4/10

OTHER 📅 09 Jul 2026, 05:54 PM

Bhatia Communications & Retail (India) Ltd has reported a temporary disruption of operations at two of its locations in Surat due to severe urban flooding on July 09, 2026. The affected sites include retail shops and a basement warehouse where floodwaters damaged furniture, fixtures, and inventory. While the company is still ascertaining the exact quantum of loss, it has confirmed that it maintains adequate insurance coverage. Management currently anticipates no material impact on the company's overall operations or activities.

2 specific locations in Surat (Bamroli and Varachha) experienced operational disruptions due to flooding
Damage reported to company furniture, fixtures, and stock at the affected premises
Loss assessment is currently in progress as of the announcement date July 09, 2026
Company confirms possession of adequate insurance coverage to mitigate financial loss

💡 Investors should monitor upcoming quarterly financial results for any one-time inventory write-downs or details regarding the insurance claim settlement process.

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