Safari Industries reported a 9.1 per cent year-on-year growth in total revenue to Rs 582.22 crore in Q2 FY27, compared with Rs 533.55 crore in the corresponding quarter last year. The luggage maker posted a profit after tax (PAT) of Rs 36.93 crore during the quarter.For the first half of FY27, the company’s revenue increased 10.31 per cent to Rs 1,170.80 crore from Rs 1,061.38 crore in H1 FY26, while PAT stood at Rs 84.68 crore.The company’s board has approved capital expenditure of up to Rs 170 crore for Safari Industries and an additional Rs 60 crore for its wholly owned subsidiary, Safari Manufacturing Ltd, to expand manufacturing and warehousing infrastructure.The proposed investment will be directed towards infrastructure development, land acquisition for a new warehouse and installation of plant and machinery at its manufacturing facilities in Halol and Jaipur.Following the expansion, the combined production capacity across its manufacturing units is expected to increase to approximately 18 lakh pieces per month.The company said the capacity addition will support its premiumisation strategy and strengthen its manufacturing capabilities to meet growing demand across consumer segments.The board has also declared an interim dividend of Rs 2 per equity share of face value Rs 2, translating into a 100 per cent dividend. The dividend will be paid on or before December 5, 2026.Commenting on the performance and expansion plans, Sudhir Jatia, Chairman and Managing Director, Safari Industries, said, “The industry has gone through an advancement wherein today, luggage has evolved beyond its functional necessity to being an extension of the traveller’s lifestyle. Our strategy is to build on Safari’s scale while sharpening our competitive edge through differentiated brands that have an appeal for all consumers, right from value-driven to premium segments.”“We are building a business that can grow not just larger, but stronger and more valuable over the long term. We are investing today to build the capabilities that will define our next phase of growth,” Jatia added.Premiumisation remains central to the company’s growth strategy, with its multi-brand portfolio spanning Safari, Urban Jungle, Safari Select and Carlton, catering to different consumer segments and price points.As part of its brand portfolio expansion, Safari has entered into a 20-year brand licensing agreement with Carlton Retail Pvt Ltd. The company has also appointed actor Saif Ali Khan as the brand ambassador for Magnum by Safari.The company is focusing on strengthening individual brand propositions through product innovation and differentiation, while improving its product mix and expanding its presence in the premium luggage segment.Safari Industries, established in 1974, operates manufacturing facilities across Gujarat and Rajasthan and has a portfolio of brands including Safari, Magnum, Urban Jungle, Genius, Genie, Safari Select, Volt and Carlton. The company is focusing on capacity expansion, portfolio development and domestic manufacturing to strengthen its position in India’s luggage and travel accessories market.
