Bhartiya International Q2 Net Profit Jumps 125% to ₹22.3 Crore as Revenue Hits ₹507 Crore

Key numbers

Market Cap	₹1583.77 CrSmall Cap
P/E Ratio	61.83Sector: 48.16
1-Year Return	37.96%Price Growth
Promoter Holding	61.17%Stable holding

Key highlights

• Consolidated revenue from operations grew 27% YoY to ₹507 crore from ₹399 crore
• Net profit surged 125.3% YoY to ₹22.3 crore compared to ₹9.9 crore in the same period last year
• Operating margins improved to 6.2% in Q2-27, up from 4.1% in Q2-26
• H1 FY27 consolidated revenue reached ₹879.7 crore, marking a 29.5% increase over H1 FY26
• Agreement entered to sell Bengaluru manufacturing property for ₹31 crore to facilitate facility relocation

Operational Scaling Drives Bottom Line Expansion

Bhartiya International demonstrated strong operational scaling in the second quarter of FY27, with consolidated revenue reaching ₹507 crore, up from ₹373 crore in the preceding June quarter. This top-line growth translated into a 125.3% year-on-year increase in net profit, which stood at ₹22.3 crore. The company reported an operating margin of 6.2%, reflecting enhanced efficiency in its core fashion apparel and accessories segment.

These results follow a consistent growth trajectory, as the company had previously reported a consolidated net profit of ₹17.76 crore in Q1 FY27 and ₹15.37 crore in the year-ago quarter of November 2025.

Core Fashion Business Performance Metrics

• Raw material consumption for the fashion business stood at ₹305.6 crore in Q2 FY27, maintaining a stable mix of 60.3% relative to revenue
• Employee costs increased to ₹27.4 crore from ₹18.4 crore in Q2 FY26, reflecting expanded production capacity
• Consolidated finance costs decreased slightly to ₹12.5 crore in Q2 FY27 compared to ₹13.1 crore in the prior-year period
• The company continues to operate as a single business segment focused on fashion apparels, accessories, and intermediaries
• Consolidated EBITDA for the quarter reached ₹51.4 crore, representing a 10.1% margin consistent with previous quarters

Strategic Asset Relocation and Market Position

The stock is currently trading near its 52-week high of ₹1,200, with a momentum score of 83.78 and a one-year price appreciation of 37.96%. Valuation metrics show a trailing twelve-month P/E of 61.83, compared to the industry average of 43.62. Beyond financial figures, the company is undergoing a transition under a Scheme of Arrangement with Bhartiya Urban Private Limited, resulting in the issuance of new equity and redeemable preference shares.

Additionally, the planned relocation of the Bengaluru facility involves a ₹31 crore property sale, intended to provide capital for modernized manufacturing infrastructure and improved logistics.

Segment Specific Disclosure

The Company operates in a single business segment-Fashion Apparels and Accessories including Intermediaries as per Ind AS 108-Operating Segment. Accordingly, no further segment disclosures are required.

What to watch next

• Relocation of Bengaluru manufacturing facility and realization of ₹31 crore sale proceeds
• Integration impact of the Scheme of Arrangement with Bhartiya Urban Private Limited
• Performance of international subsidiaries Ultima S.A. and Design Industry China Ltd in H2 FY27

Bhartiya International · financial snapshot

Share price	₹1181
Market capitalisation	₹1,583.77 Cr
Revenue (annual)	₹1,358.02 Cr
Net profit (annual)	₹13.44 Cr
Revenue (latest quarter)	₹372.80 Cr+19.22% vs previous quarter
Net profit (latest quarter)	₹17.76 Cr+302.35% vs previous quarter
P/E (TTM)	61.83×Sector 48.16×
Promoter holding	61.17%0.00% QoQ
FII holding	7.4%Current quarter

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.