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AKI - AKI India

📊 NSE: AKI 🏢 Leather / Leather Products 📅 Last Updated: 12/13/2025 18:06

📢 Recent Corporate Announcements

AKI India Q3 Consolidated Net Profit Jumps 51.6% YoY to ₹1.09 Crore

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 12 Feb 2026, 06:06 PM

AKI India Limited reported a strong consolidated performance for the quarter ended December 31, 2025, with total income rising 22.7% YoY to ₹29.49 crore. Consolidated net profit surged 51.6% YoY to ₹1.09 crore, driven largely by subsidiary operations as standalone performance saw a sharp decline. For the nine-month period, consolidated net profit grew 36% YoY to ₹2.10 crore. The divergence between standalone and consolidated figures suggests that the company's growth is currently being fueled by its international or subsidiary ventures rather than its core standalone unit.

Consolidated Total Income increased 22.7% YoY to ₹29.49 crore in Q3 FY26.
Consolidated Net Profit rose 51.6% YoY to ₹1.09 crore from ₹0.72 crore.
9-month consolidated Net Profit reached ₹2.10 crore, a 36% increase over the previous year.
Consolidated EPS improved to ₹0.11 for the quarter compared to ₹0.08 in Q3 FY25.
Standalone revenue fell significantly by 37% YoY to ₹14.54 crore, with standalone profit dropping 71.7%.

💡 Investors should note the strong consolidated growth but investigate the reasons behind the sharp decline in standalone domestic performance. The stock remains a watch for how well the subsidiaries can sustain the overall group's profitability.

AKI India Q3 Consolidated PAT Jumps 51.6% YoY to ₹1.09 Cr Despite Standalone Revenue Drop

🟢 POSITIVE ⭐ 7/10

EARNINGS 📅 12 Feb 2026, 06:01 PM

AKI India Limited reported a strong consolidated performance for the quarter ended December 31, 2025, with net profit rising 51.6% YoY to ₹1.09 crore. Consolidated total income grew by 22.7% to ₹29.49 crore, primarily driven by international subsidiaries and joint ventures. However, the standalone business showed significant weakness, with standalone net sales declining 38.8% YoY to ₹13.30 crore. The 9-month consolidated profit also showed healthy growth, reaching ₹2.10 crore compared to ₹1.54 crore in the previous year.

Consolidated Net Profit increased 51.6% YoY to ₹109.01 Lakhs in Q3 FY26.
Consolidated Total Income rose 22.7% YoY to ₹2948.93 Lakhs from ₹2403.38 Lakhs.
Standalone Net Sales witnessed a sharp decline of 38.8% YoY, falling to ₹1329.50 Lakhs.
9-Month Consolidated PAT grew by 36% YoY to ₹210.00 Lakhs.
Consolidated Earnings Per Share (EPS) improved to ₹0.11 from ₹0.08 in the year-ago quarter.

💡 Investors should note the strong contribution from subsidiaries which is offsetting the weakness in standalone operations. While the consolidated growth is positive, the significant drop in standalone revenue requires monitoring to ensure the core domestic business remains viable.

AKI India Q3 Consolidated Net Profit Jumps 51.6% YoY to ₹1.09 Crore

🔵 WATCH ⭐ 7/10

EARNINGS 📅 12 Feb 2026, 05:55 PM

AKI India reported a strong consolidated performance for the quarter ended December 31, 2025, with net profit rising 51.6% YoY to ₹1.09 crore. Consolidated total income grew by 22.7% YoY to ₹29.49 crore, indicating robust performance from its subsidiary and joint venture. However, standalone operations showed significant weakness, with standalone revenue dropping 37% YoY to ₹14.54 crore and net profit falling 71.7% to ₹0.19 crore. The consolidated EPS improved to ₹0.11 from ₹0.08 in the corresponding quarter of the previous year.

Consolidated Total Income increased 22.7% YoY to ₹29.49 crore from ₹24.03 crore.
Consolidated Net Profit rose 51.6% YoY to ₹1.09 crore compared to ₹0.72 crore.
Standalone Net Profit plummeted 71.7% YoY to ₹18.93 lakhs from ₹66.97 lakhs.
Consolidated EPS for the quarter stood at ₹0.11, up from ₹0.08 YoY.
Consolidated 9-month profit reached ₹2.10 crore, a 36% increase over the previous year's 9-month period.

💡 Investors should investigate the sharp decline in standalone performance while the consolidated figures remain strong, suggesting a heavy reliance on the UK subsidiary. Monitor the sustainability of the international business growth to offset domestic contraction.

AKI India Q3 Consolidated Net Profit Rises 51.6% YoY to ₹1.09 Crore

🔵 WATCH ⭐ 7/10

EARNINGS 📅 12 Feb 2026, 05:44 PM

AKI India Limited reported a strong consolidated performance for Q3 FY26, with net profit rising 51.6% YoY to ₹1.09 crore. Consolidated revenue from operations grew 13% YoY to ₹25.56 crore, though it saw a slight sequential dip from Q2. A notable concern is the standalone performance, where net sales dropped significantly by 38.8% YoY to ₹13.30 crore, suggesting that the company's growth is currently being driven primarily by its subsidiaries and joint ventures.

Consolidated Net Profit increased to ₹109.01 lakhs in Q3 FY26 from ₹71.91 lakhs in Q3 FY25.
Consolidated Total Income rose 22.7% YoY to ₹29.49 crore, aided by a surge in Other Income to ₹3.93 crore.
Standalone Net Sales fell sharply to ₹13.30 crore compared to ₹21.75 crore in the same quarter last year.
Consolidated Earnings Per Share (EPS) improved to ₹0.11 from ₹0.08 YoY.
Nine-month consolidated PAT stands at ₹2.10 crore, surpassing the previous full year's audited PAT of ₹1.68 crore.

💡 Investors should exercise caution as the consolidated profit growth was significantly supported by 'Other Income' rather than core standalone operations. Monitor the performance of the subsidiary AKI UK Limited and the joint venture to see if they can sustain the group's overall momentum.

AKI India Submits SEBI Regulation 74(5) Compliance Certificate for Q3 FY26

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 13 Jan 2026, 11:13 AM

AKI India Limited has filed its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations for the quarter ended December 31, 2025. The certificate, issued by Registrar and Share Transfer Agent MUFG Intime India Private Limited, confirms that all dematerialization requests were processed within the mandated timelines. It verifies that physical security certificates were mutilated and cancelled after due verification. This is a standard regulatory filing confirming the integrity of the company's share registry processes.

Compliance certificate submitted for the quarter ended December 31, 2025
Issued by MUFG Intime India Private Limited (formerly Link Intime India)
Confirms dematerialized securities are listed on the stock exchanges where previous shares are listed
Confirms physical certificates were mutilated and cancelled after verification within prescribed timelines

💡 No action is required as this is a routine administrative filing. Investors should continue to monitor the company's upcoming quarterly financial performance.

AKI India Reconstitutes Board with 3 New Independent Director Appointments and 3 Resignations

🟡 NEUTRAL ⭐ 6/10

MANAGEMENT 📅 09 Jan 2026, 06:43 PM

AKI India Limited has announced a significant overhaul of its Board of Directors effective January 9, 2026. Three Independent Directors, including Raj Krishna Agrawal, Aslam Saeed, and Javed Iqbal, have resigned simultaneously citing personal reasons. To fill these vacancies, the company has appointed Mrs. Sarika Agarwal, Mr. Abdul Rashid Khan, and Mr. Veqarul Amin as Additional Non-Executive Independent Directors. Consequently, the Audit, Stakeholders Relationship, and Nomination and Remuneration Committees have been fully reconstituted with the new members.

Resignation of 3 Independent Directors (Agrawal, Saeed, and Iqbal) effective January 9, 2026.
Appointment of 3 new Independent Directors including a leather industry veteran with 35+ years of experience.
Mr. Abdul Rashid Khan joins the board with over 13 years of expertise in law and finance.
Complete reconstitution of the Audit, Stakeholders Relationship, and Nomination & Remuneration Committees.
The company confirmed there are no material reasons for the resignations other than personal ones.

💡 Investors should monitor the company's strategic direction under the refreshed board, particularly noting the addition of deep industry and legal expertise. No immediate action is required as this appears to be a formal governance update.

AKI India Reconstitutes Board with 3 New Independent Director Appointments and 3 Resignations

🟡 NEUTRAL ⭐ 6/10

MANAGEMENT 📅 09 Jan 2026, 06:38 PM

AKI India Limited has announced a significant overhaul of its board effective January 9, 2026, involving the resignation of three Independent Directors and the immediate appointment of three new ones. The outgoing directors, Raj Krishna Agrawal, Aslam Saeed, and Javed Iqbal, cited personal reasons for their departure with no other material concerns reported. The new appointees include Mrs. Sarika Agarwal, Mr. Abdul Rashid Khan, and Mr. Veqarul Amin, who brings over 35 years of specialized leather industry expertise. Consequently, the company has reconstituted its Audit, Stakeholders Relationship, and Nomination and Remuneration committees to integrate the new members.

Three Independent Directors resigned simultaneously on January 9, 2026, citing personal reasons.
Three new Additional Non-Executive Independent Directors were appointed to maintain board strength and compliance.
New appointee Mr. Veqarul Amin adds 35+ years of specialized leather industry experience to the board's technical oversight.
Mr. Abdul Rashid Khan, with 13+ years of legal and finance experience, has been appointed as Chairperson of the Audit Committee.
The board committees including Audit and NRC were fully reconstituted effective immediately on January 9, 2026.

💡 Investors should monitor if this board refresh leads to improved corporate governance or strategic shifts, particularly given the deep industry expertise of the new technical director. No immediate action is required as the transition appears orderly with one-for-one replacements.

AKI India Appoints 3 New Independent Directors and Accepts 3 Resignations

🟡 NEUTRAL ⭐ 6/10

MANAGEMENT 📅 09 Jan 2026, 06:35 PM

AKI India Limited has announced a significant board refresh effective January 9, 2026, with the simultaneous resignation of three independent directors and the appointment of three new ones. The outgoing directors, including Mr. Raj Krishna Agrawal and Mr. Aslam Saeed, cited personal reasons for their departure. The new appointees include Mr. Veqarul Amin, a leather industry veteran with over 35 years of experience, and Mr. Abdul Rashid Khan, who brings 13 years of legal and financial expertise. Following these changes, the company has reconstituted its Audit, Stakeholders Relationship, and Nomination & Remuneration Committees.

Appointment of 3 new Additional Non-Executive Independent Directors effective January 9, 2026.
Resignation of 3 existing Independent Directors citing personal reasons with no other material concerns reported.
New director Mr. Veqarul Amin brings 35+ years of technical expertise specifically in the leather industry.
Mr. Abdul Rashid Khan (13+ years experience in law/finance) appointed as Chairperson of the Audit Committee.
Full reconstitution of Audit, Stakeholders Relationship, and Nomination & Remuneration Committees.

💡 Investors should monitor if the new board members, particularly those with deep industry expertise, influence the company's strategic direction. The transition appears orderly and maintains regulatory compliance for board composition.

AKI India Appoints 3 New Independent Directors Following Resignation of 3 Board Members

🟡 NEUTRAL ⭐ 6/10

MANAGEMENT 📅 09 Jan 2026, 06:30 PM

AKI India Limited has announced a significant board restructuring effective January 9, 2026. Three Independent Directors, Mr. Raj Krishna Agrawal, Mr. Aslam Saeed, and Mr. Javed Iqbal, have resigned simultaneously citing personal reasons. To fill these vacancies, the company has appointed Mrs. Sarika Agarwal, Mr. Abdul Rashid Khan, and Mr. Veqarul Amin as Additional Non-Executive and Independent Directors. Consequently, the company has reconstituted its Audit, Stakeholders Relationship, and Nomination and Remuneration Committees with the new appointees.

Appointment of 3 new Independent Directors: Mrs. Sarika Agarwal, Mr. Abdul Rashid Khan, and Mr. Veqarul Amin.
Resignation of 3 existing Independent Directors: Mr. Raj Krishna Agrawal, Mr. Aslam Saeed, and Mr. Javed Iqbal.
Mr. Veqarul Amin brings over 35 years of technical expertise in the leather industry to the board.
Mr. Abdul Rashid Khan, with 13 years of legal and finance experience, has been appointed as the Chairperson of the Audit Committee.
All board and committee changes became effective immediately on January 9, 2026.

💡 Investors should monitor if this significant change in independent directors leads to any shifts in corporate governance or strategic oversight. The addition of a leather technologist with 35 years of experience is a positive technical addition for the company's core business.

AKI India Overhauls Board: 3 New Independent Director Appointments and 3 Resignations

🔵 WATCH ⭐ 5/10

MANAGEMENT 📅 09 Jan 2026, 06:28 PM

AKI India Limited announced a significant board reshuffle on January 9, 2026, involving the simultaneous resignation of three independent directors and the appointment of three new ones. The outgoing directors cited personal reasons for their departure, while the new appointees bring diverse expertise in entrepreneurship, law, and leather technology. Notably, Mr. Veqarul Amin brings over 35 years of industry-specific technical insight, and Mr. Abdul Rashid Khan adds 13 years of legal and financial experience. The company has also reconstituted its key board committees, including Audit and Nomination, to reflect these leadership changes.

Appointment of 3 new Independent Directors: Mrs. Sarika Agarwal, Mr. Abdul Rashid Khan, and Mr. Veqarul Amin.
Resignation of 3 Independent Directors: Mr. Raj Krishna Agrawal, Mr. Aslam Saeed, and Mr. Javed Iqbal.
Mr. Veqarul Amin brings 35+ years of technical expertise in the leather industry to the board.
Mr. Abdul Rashid Khan contributes over 13 years of experience in law and finance.
Audit, Stakeholders Relationship, and Nomination committees were reconstituted effective Jan 9, 2026.

💡 Investors should monitor if this board overhaul leads to any changes in strategic direction or corporate governance standards. The addition of an industry veteran with 35 years of experience is a positive sign for the company's core leather business.

AKI India Announces Demise of Whole Time Director Mrs. Sameena Asad Iraqi (5.59% Stakeholder)

🔵 WATCH ⭐ 6/10

MANAGEMENT 📅 01 Jan 2026, 06:51 PM

AKI India Limited has reported the sudden demise of Mrs. Sameena Asad Iraqi on December 30, 2025. She was a member of the Promoter Group and had served as a Whole Time Director of the company since October 1, 2002. At the time of her passing, she held 57,69,782 equity shares, representing a 5.59% stake in the company. The company has formally notified the exchanges under SEBI Listing Obligations and Disclosure Requirements.

Demise of Mrs. Sameena Asad Iraqi, Whole Time Director and Promoter, on December 30, 2025
Held a significant stake of 57,69,782 equity shares or 5.59% of the company
Served as a Whole Time Director for over 23 years, having been appointed in October 2002
The company described the passing as an irreparable loss to the organization

💡 Investors should monitor for upcoming announcements regarding the appointment of a new director and the transmission process of the 5.59% equity stake. While the operational impact may be limited, leadership transitions in promoter-led companies warrant close observation.

AKI India Announces Trading Window Closure from January 1, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 30 Dec 2025, 02:24 PM

AKI India Limited has officially announced the closure of its trading window starting January 1, 2026, in compliance with SEBI (Prohibition of Insider Trading) Regulations. This closure is a standard procedure ahead of the declaration of the company's unaudited financial results for the quarter ending December 31, 2025. The restriction applies to all Directors, Promoters, and Designated Persons, preventing them from dealing in equity shares. The window will remain closed until 48 hours after the financial results are published.

Trading window closure begins on January 1, 2026, for all insiders and designated persons.
The closure is related to the upcoming unaudited financial results for the quarter ended December 31, 2025.
Trading restrictions will be lifted 48 hours after the official publication of the financial results.
Compliance is maintained under Clause 4 of Schedule B of SEBI (Prohibition of Insider Trading) Regulations, 2015.

💡 No action is required as this is a routine regulatory filing. Investors should look forward to the upcoming quarterly results to evaluate the company's financial health.

AKI India awarded Leather Working Group (LWG) Gold Certification

🟢 POSITIVE ⭐ 5/10

ROUTINE 📅 04 Dec 2025, 04:25 PM

AKI India Limited has been awarded the Leather Working Group (LWG) Gold certification, signifying adherence to high environmental and ethical standards. The company was evaluated under Category C - Raw hide/skin to finished leather and achieved the Gold Rating under LWG Leather Manufacturer Audit Standard (Version 7.2.4). This accreditation enhances the company's appeal to international brands sourcing from LWG-certified suppliers. The certification is expected to improve competitiveness and positively influence future business opportunities and sales performance.

Awarded Leather Working Group (LWG) Gold certification
Evaluated under Category C – Raw hide/skin to finished leather
Audit Standard Version 7.2.4
Audit Date: 17 October 2025
Expiry Date: 17 October 2027

💡 Investors should view this certification as a positive signal regarding AKI India's commitment to sustainability and ethical practices, which could lead to increased business opportunities. Monitor the company's sales performance and partnerships with international brands to assess the impact of this certification.

View All AKI Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

The Leather & Leather Goods segment accounts for 100% of revenue. Revenue grew from INR 21.49 Cr in Sep-19 to INR 60.94 Cr in FY22, representing a 183.5% increase over that period.

Geographic Revenue Split

Primary revenue is generated in India, with international contributions from the UK subsidiary, AKI UK Limited, which reported revenue of GBP 291,493.66 for H1 FY26.

Profitability Margins

Gross and operating margins remained stable during the period. Net profit improved despite inflationary pressures and currency fluctuations, supported by pricing strategies and volume growth.

Capital Expenditure

Not disclosed in available documents; however, the company saw an increase in capital of INR 13.39 Cr in H1 FY26.

Credit Rating & Borrowing

The company holds a credit rating of 'CRISIL B/Stable/CRISIL A4 Issuer Not Cooperating'. Long-term borrowings increased by INR 4.51 Cr (450.91 Lakhs) in H1 FY26, a 30.3% increase compared to the INR 3.46 Cr increase in the previous period.

⚙️ Operational Drivers

Raw Materials

Hides and skins (processed into finished leather and upholstery) are the primary raw materials.

Raw Material Costs

Input costs rose due to higher raw material expenses; however, efficient procurement and operational controls helped manage the overall impact on margins.

Logistics & Distribution

Rising logistics expenses are noted as a significant factor impacting the cost structure and distribution efficiency.

📈 Strategic Growth

Growth Strategy

The company aims to achieve growth by expanding into international markets through AKI UK Limited, focusing on footwear and equestrian products, and leveraging e-commerce and direct-to-consumer (D2C) channels.

Products & Services

Finished leather, upholstery, leather footwear, horse bridles, browbands, crown pieces, pony articles, and saddle girths.

Brand Portfolio

AKI India, AKI UK, AKI Castil.

New Products/Services

Expansion in footwear and international markets is expected to be a key revenue driver; specific contribution percentages are not disclosed.

Market Expansion

Targeting international markets via the UK subsidiary and expanding digital footprints through e-commerce channels.

Strategic Alliances

Joint Venture with AKI Castil Shoes LLP.

🌍 External Factors

Industry Trends

The leather industry is evolving through strategic collaborations, design innovation, and a shift toward e-commerce; AKI is positioning itself through international expansion and D2C channels.

Competitive Landscape

The company competes on parameters such as quality, design innovation, pricing, and delivery capabilities in the leather goods sector.

Competitive Moat

AKI's moat is built on its 40-year operational history (established 1983) and specialization in niche equestrian products, which require specific craftsmanship and design innovation.

Macro Economic Sensitivity

The business is sensitive to inflation (raw material and labor) and currency fluctuations, particularly the GBP/INR exchange rate.

Consumer Behavior

There is an increasing consumer preference for e-commerce and direct-to-consumer purchasing channels.

⚖️ Regulatory & Governance

Industry Regulations

The company operates in compliance with Ind AS and SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015; leather processing is subject to environmental and pollution norms.