The luggage maker reports H1FY27 revenue growth of 10.31% to Rs 1,170.80 crore, declares an interim dividend of Rs 2 per share and approves capital expenditure of up to Rs 230 crore for capacity expansion
Safari Industries (India) eported a 9.1 per cent year-on-year increase in total revenue to Rs 582.22 crore for the second quarter of FY27, compared with Rs 533.55 crore in the corresponding quarter last year. The company reported a profit after tax (PAT) of Rs 36.93 crore during the quarter ended September 30, 2026.
For the first half of FY27, total revenue grew 10.31 per cent to Rs 1,170.80 crore, against Rs 1,061.38 crore in H1FY26. PAT for the six-month period stood at Rs 84.68 crore.
The company’s board has also declared an interim dividend of Rs 2 per equity share of Rs 2 face value, representing a 100 per cent dividend. The payment will be made on or before December 5, 2026.
Board Approves Rs 230 Crore Capacity Expansion
As part of its growth strategy, Safari Industries has approved capital expenditure of up to Rs 170 crore for the company and up to Rs 60 crore for its wholly owned subsidiary, Safari Manufacturing.
The investment will be directed towards infrastructure improvements, land acquisition for a new warehouse and installation of plant and machinery at its manufacturing facilities in Halol and Jaipur.
Following the expansion, the combined production capacity across its units is expected to increase to approximately 18 lakh pieces per month. The company expects the additional capacity to support its premiumisation strategy and long-term growth ambitions.
Focus On Premiumisation And Brand Portfolio
Safari Industries is looking to strengthen its market position through a multi-brand strategy covering different consumer segments and price points. Its portfolio includes Safari, Urban Jungle, Safari Select and Carlton, among other brands.
The company is focusing on product innovation, brand differentiation and improving its product mix to capitalise on evolving consumer preferences.
Sudhir Jatia, Chairman and Managing Director of Safari Industries (India), said the luggage industry was evolving beyond functional requirements, with products increasingly becoming an extension of consumers’ travel lifestyles.
He added that the company aimed to build on its scale while strengthening its competitive position through differentiated brands catering to both value-conscious and premium consumers.
Carlton Licensing Deal And Brand Ambassador Appointment
As part of its brand expansion initiatives, Safari Industries has entered into a 20-year brand licensing agreement with Carlton Retail.
The company has also appointed actor Saif Ali Khan as the brand ambassador for Magnum by Safari, strengthening its brand positioning and consumer outreach.
Established in 1974, Safari Industries operates manufacturing facilities across Gujarat and Rajasthan. Its portfolio spans multiple luggage and travel accessories brands, catering to consumers across different market segments.
