Safari Industries (India) Limited , a leading luggage manufacturer, has reported strong financial results for the quarter and half year ended September 30, 2025, along with the declaration of an interim dividend.

Financial Performance

Safari Industries reported robust financial performance for Q2 of the fiscal year 2025-26. While specific revenue and EBITDA figures were not provided, the company's performance was described as strong, indicating positive growth trends.

Dividend Announcement

The Board of Directors has approved and declared an interim dividend of Rs. 2.00 per equity share, representing a 100% dividend for the financial year 2025-26. This dividend is scheduled to be paid on or before December 6, 2025.

Operational Updates

Safari Industries operates primarily in the luggage business segment. The company has two wholly owned subsidiaries:

1. Safari Manufacturing Limited
2. Safari Lifestyles Limited

During the quarter, the company made the following equity allotments:

• 9,000 equity shares under its Employee Stock Option Scheme 2016
• 95,535 equity shares under its Employee Stock Appreciation Rights Scheme 2022

Corporate Governance

The financial results for the quarter and half year were reviewed by the Audit Committee and subsequently approved by the Board of Directors at their meeting held on November 10, 2025.

Company Outlook

The declaration of a 100% interim dividend suggests confidence in the company's financial health. Safari Industries' continued focus on employee stock options and appreciation rights schemes indicates a strategy to align employee interests with company performance.

Investors and market analysts may closely watch Safari Industries' performance in the coming quarters as the company continues to operate in the dynamic market landscape.

Safari Industries India Ltd, a leading luggage manufacturer, has reported robust financial results for the first quarter ended June 30, alongside significant corporate developments.

Financial Performance

The company delivered a strong quarterly performance with consolidated net profit rising to ₹505.00 million, up from ₹444.00 million in the same period last year, marking a 14% increase. Revenue grew significantly to ₹5.30 billion compared to ₹4.50 billion year-over-year, indicating a healthy 17.8% growth.

Safari Industries' operational efficiency also improved, with EBITDA increasing to ₹793.00 million from ₹658.00 million. The EBITDA margin expanded to 15.00% from 14.64% year-over-year, showcasing enhanced operational performance alongside revenue growth.

Board Changes and New Appointment

In a key corporate move, Safari Industries has appointed Ms. Manjaree Chowdhary as an Additional Director in the capacity of Non-Executive, Independent Director. Subject to shareholder approval, Ms. Chowdhary's term will be for five consecutive years, from August 2 to August 1, 2030.

Ms. Chowdhary brings a wealth of experience to the board. A Felix Scholar with a Master's in Law from the University of London, she currently serves as Senior Executive Officer and General Counsel of Maruti Suzuki India Limited. Her 28-year career spans diverse industries including Industrial, Manufacturing, Auto, Healthcare, Power, and Services across South Asia, US, ANZ, and Japan.

This appointment coincides with the completion of Mrs. Vijaya Sampath's tenure as an Independent Director, which concludes on August 4, after a five-year term.

Investment in Wholly Owned Subsidiary

The Board of Directors has approved a significant investment in Safari Manufacturing Limited, a wholly owned subsidiary of the company. Safari Industries will subscribe to up to ₹250.00 million in the share capital of Safari Manufacturing Limited. This investment will be made through 25 million redeemable preference shares with a face value of ₹10 each.

Safari Manufacturing Limited reported a turnover of ₹4.81 billion for the previous fiscal year, highlighting its significant contribution to the group's operations. The investment is expected to fund capital expenditures and support the subsidiary's growth.

Corporate Governance

Following these changes, the company has reconstituted its board committees, including the Audit Committee, Nomination, Remuneration and Compensation Committee, and Corporate Social Responsibility Committee, to incorporate the new director.

Safari Industries continues to demonstrate strong corporate governance practices, with these developments aimed at enhancing its leadership team and supporting its growth strategy.

The company's robust financial performance, strategic investments, and board-level changes indicate Safari Industries' commitment to growth and corporate excellence in the competitive luggage and travel accessories market.