Banaras Beads Limited , a prominent exporter of glass beads and handicrafts, has announced its unaudited financial results for the quarter and half-year ended September 30, 2025. The company faced headwinds due to increased tariffs imposed by the US government, resulting in a significant decline in both revenue and profit compared to the previous periods.

Financial Performance

The company's financial performance for Q2 FY2026 and H1 FY2026 is summarized in the table below:

Impact of US Tariffs

The company reported that US-based buyers have put orders on hold due to increased tariffs imposed by the US government. This situation has led to a decrease in quarterly turnover and profit. However, it's important to note that no orders have been cancelled.

Ongoing Negotiations and Future Outlook

Banaras Beads Limited is actively engaged in negotiations with US-based buyers to address the tariff situation. The company stated:

• They expect turnover to match or exceed last year's levels by the end of the fiscal year.
• The company is currently accepting orders based on new rates to avoid further confusion regarding tariff matters.

Management Commentary

Siddharth Gupta, CEO and Managing Director of Banaras Beads Limited, commented on the situation: "The negotiation on enhanced tariffs by the US Government is ongoing with US-based buyers. We hope this matter will be resolved shortly. While the current quarter has seen a decrease in turnover and profit, we are confident that by the end of the year, our turnover will be comparable to or higher than last year's figures."

About Banaras Beads Limited

Banaras Beads Limited is primarily engaged in the export of glass beads, handicrafts, and related items. The company continues to navigate the challenges posed by international trade dynamics while maintaining its core business operations.

The financial results were reviewed by the audit committee and approved by the board of directors. As the global trade landscape evolves, Banaras Beads Limited remains committed to adapting its strategies to maintain its market position in the handicrafts export sector.

Banaras Beads Limited , a prominent player in the beads industry, has made a significant move towards expansion by acquiring a substantial property in Varanasi. The company recently executed a purchase deed for a 1670 square meter plot of land at Village Karnadandi, Varanasi, from the Varanasi Development Authority (VDA).

Property Acquisition Details

The total consideration for this strategic acquisition amounts to Rs 6.73 crore. This move aligns with the company's future expansion plans, as the newly acquired land is situated in close proximity to Banaras Beads' existing property.

Financing the Expansion

To facilitate this purchase and support its growth plans, Banaras Beads has secured a loan from HDFC Bank. The loan details are as follows:

The company has mortgaged the newly purchased property in favor of HDFC Bank as security for the loan.

Strategic Implications

This acquisition is part of Banaras Beads Limited's broader strategy for future expansion. The company plans to utilize the land for warehouse development, which is expected to enhance its operational capabilities and support growth initiatives.

Management's Perspective

While specific comments from the management were not provided, the strategic location of the new property—near the company's existing facilities—suggests a well-thought-out expansion plan. This move is likely to streamline operations and potentially improve logistics for Banaras Beads Limited.

Market Response

Following the announcement of this significant property acquisition, there was notable movement in the company's share price. In response to a query from the BSE regarding this price movement, Banaras Beads Limited clarified that apart from this property purchase and the associated loan agreement, there were no other material events or information that could explain the significant price movement.

Conclusion

Banaras Beads Limited's latest property acquisition in Varanasi marks a significant step in the company's expansion strategy. As the company moves forward with its plans to develop the newly acquired land, stakeholders will be keen to observe how this investment translates into operational improvements and potential growth for the beads manufacturer.