Safari Industries India Q1 Results Total Income Reaches ₹458.24 Crore and Profit After Tax of ₹44.41 Crore

Safari Industries India Q1 Results 2024-2025: Safari Industries has announced its Q1 results for the financial year 2024-2025 on 7th August 2024. The company reported a revenue from operations of ₹450.02 crore, reflecting a 23.18% increase quarter-on-quarter (QoQ) from ₹365.42 crore in the previous quarter.

Other income also saw a rise, contributing ₹8.22 crore, up from ₹5.06 crore QoQ. This strong performance highlights the company’s steady growth, with overall total income growing to ₹458.24 crore in Q1, a notable improvement from ₹370.48 crore in Q4 of 2023-2024.

In terms of expenses, the cost of materials consumed rose by 9.37% QoQ to ₹138.17 crore. Employee benefits expenses also saw a slight increase, reaching ₹26.60 crore from ₹24.22 crore QoQ.

Despite the increase in total expenses to ₹400.73 crore, Safari Industries managed to achieve a profit before tax of ₹57.51 crore, marking a 2.84% rise in QoQ. After-tax adjustments, the profit stood at ₹44.41 crore, a marginal increase from ₹43.19 crore in the previous quarter, showcasing stable growth for the company year-over-year (YoY).

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Safari Industries India Q1 Results 2024 - 2025

Safari Industries (India) has announced its financial results for the first quarter ending 30th June 2024. The company reported significant growth in revenue and profit compared to the previous quarter. Below is a detailed breakdown of the key financial figures for Q1 of FY 2024-2025.

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Safari Industries India Current Market Overview

Safari Industries (India) is currently trading at ₹2,536 per share, with a market value of ₹12,399 crore. Over the past year, the stock has ranged between a high of ₹2,614 and a low of ₹1,627.

The company has a price-to-earnings (P/E) ratio of 72.8, showing that the stock is relatively expensive compared to its earnings. Despite a low dividend yield of 0.11%, Safari has strong returns, with a 31% return on capital employed (ROCE) and a 28% return on equity (ROE), indicating good profitability.

Quarterly Results

Here are the quarterly results for Safari Industries (India) for December 2023, March 2024, and June 2024:

About Safari Industries India 

Safari Industries (India) is a well-known company that makes and sells a variety of luggage and travel accessories. Founded in 1974, the company produces both hard and soft luggage, including suitcases, backpacks, and other travel essentials.

Safari operates under several brands like Safari, Magnum, Genie, and Genius, and their products are sold through retail stores, e-commerce platforms, and institutional channels across India.

With a manufacturing facility in Halol, Gujarat, they produce hard luggage in-house, while soft luggage is mostly imported. Safari is also listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

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