Bhartiya International Q1FY27 net profit up 51% to ₹153.3 million
Bhartiya International posted strong Q1FY27 results with standalone net profit up 51% YoY to ₹153.3 million. Consolidated revenue jumped 33% to ₹3,728.0 million, aided by a positive swing in associate contributions and stable finance costs.
*this image is generated using AI for illustrative purposes only.
Bhartiya International Limited reported a significant improvement in profitability for the first quarter of FY27, with standalone net profit rising 51% year-on-year to ₹153.3 million. The company’s revenue from operations grew 25% to ₹3,060.0 million, reflecting stronger sales performance in its fashion apparels and accessories segment.
On a consolidated basis, the group recorded a net profit attributable to owners of ₹177.6 million, a sharp recovery from a loss of ₹87.8 million in the corresponding quarter of FY26 and a substantial improvement over the Q4FY26 loss of ₹87.8 million. Total consolidated revenue reached ₹3,728.0 million, up 33% compared to ₹2,800.0 million in Q1FY26.
Financial Performance
The company’s financial results for the quarter ended June 30, 2026, highlight robust top-line growth alongside margin expansion. Key metrics from the board presentation indicate that consolidated EBITDA increased by 35% to ₹37.9 crore (₹379.2 million), while Profit Before Tax (PBT) surged 119% to ₹21.8 crore (₹218.0 million).
| Metric | Standalone Q1FY27 | Standalone Q1FY26 | Change | Consolidated Q1FY27 | Consolidated Q1FY26 | Change |
|---|---|---|---|---|---|---|
| Revenue from Operations | ₹3,060.0 million | ₹2,447.0 million | +25.0% | ₹3,728.0 million | ₹2,800.0 million | +33.1% |
| Other Income | ₹18.7 million | ₹7.7 million | +143.4% | ₹18.8 million | ₹9.0 million | +109.3% |
| Total Revenue | ₹3,078.7 million | ₹2,454.7 million | +25.4% | ₹3,746.7 million | ₹2,808.6 million | +33.4% |
| Total Expenses | ₹2,874.0 million | ₹2,319.5 million | +23.9% | ₹3,528.7 million | ₹2,709.4 million | +30.2% |
| Profit Before Tax | ₹204.7 million | ₹135.2 million | +51.4% | ₹230.4 million | ₹86.6 million | +166.1% |
| Net Profit After Tax | ₹153.3 million | ₹101.5 million | +51.0% | ₹177.6 million | ₹55.8 million | +218.3% |
Standalone earnings per share (basic) stood at ₹11.43, compared to ₹7.82 in the previous year’s quarter. Consolidated basic EPS was ₹13.21, a notable turnaround from a negative EPS of ₹6.63 in Q4FY26 and ₹4.26 in Q1FY26.
What the Numbers Show
A key driver of the consolidated profit surge was the reversal in the contribution from associates. In Q1FY27, the share of net profit from associates contributed ₹12.4 million to the bottom line, whereas the same line item had dragged down profits by ₹12.5 million in Q1FY26. This swing, combined with a 33% growth in operational revenue, underscores improved efficiency across the group structure.
Additionally, while total expenses rose 24% on a standalone basis, they lagged behind the 25% revenue growth, indicating slight operating leverage. Finance costs remained relatively stable at ₹117.4 million, down slightly from ₹113.3 million in the prior year quarter, suggesting controlled borrowing costs despite expansion. The consolidated EBITDA margin expanded marginally to 10.12% from 9.97% in the previous year, signaling better cost management relative to top-line growth.
Board Approvals and Governance
During its meeting on August 13, 2026, the Board of Directors approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The board also approved several governance-related resolutions subject to shareholder approval at the ensuing Annual General Meeting (AGM):
- Continuation of Mr. Deepak Bhojwani as a Non-Executive Director beyond the age of 75 years, effective January 26, 2027.
- Re-appointment of Mr. Deepak Bhojwani, Mr. Navkiran Singh Ghei, and Mr. Vivek Kapur as Independent Directors for their second terms, effective August 11, 2027.
The financial results were reviewed by the Audit Committee and subsequently approved by the Board. Statutory auditors A S Poddar & Associates conducted a limited review of the interim financial information in accordance with Standard on Review Engagements (SRE) 2410.
Historical Stock Returns for Bhartiya International
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.58% | +5.18% | +18.13% | -4.76% | -2.72% | +273.79% |
Can Bhartiya International sustain its 33% consolidated revenue growth trajectory in Q2FY27 given the seasonal nature of the fashion apparel sector?
How will the upcoming re-appointment of key independent directors impact long-term corporate governance and strategic decision-making for the group?
Will the improved operating leverage observed in Q1FY27 continue to drive EBITDA margin expansion, or will rising input costs in the textile industry pressure margins?
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