Safari’s margin trails sector median as shares fall 2.78%
Consolidated operating margin was 12.81%, while Rs 7.2 cr of other income supplemented Rs 61.05 cr of profit before tax.
Filed 04 Aug 2026, 14:19 IST · Safari Industries (India) Ltd (SAFARI)
Key takeaways
- Safari’s consolidated operating margin was 12.81%, 0.52 percentage points below the 13.33% median for 81 Consumer Discretionary peers.
- Other income of Rs 7.2 cr supplemented consolidated profit before tax of Rs 61.05 cr, making reported earnings partly non-operating.
- The stock fell 2.78% on the results date and underperformed its benchmark by 2.14 percentage points, with trading volume at 3.18 times normal.
Price around the results
Operating margin below the peer median
Safari reported consolidated operating profit of Rs 75.42 cr on revenue of Rs 588.58 cr, translating to a 12.81% operating margin. That was 0.52 percentage points below the 13.33% median among 81 Consumer Discretionary peers that had reported the same quarter.
Other income supplemented reported profit
Consolidated profit before tax was Rs 61.05 cr after interest of Rs 2.53 cr and depreciation of Rs 19.04 cr. Other income contributed Rs 7.2 cr, so the reported pre-tax result was not generated solely by operations. Net profit was Rs 47.75 cr after tax of Rs 13.3 cr.
Shares fell despite a positive opening
The stock opened 0.59% higher but ended the results date down 2.78%. It underperformed its benchmark by 2.14 percentage points, while volume reached 3.18 times normal.
Q1FY27 at a glance
Consolidated figures as filed with NSE — cross-checked against an independent source.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹589 cr |
| Other income | ₹7 cr |
| Expenses | ₹513 cr |
| Operating profit | ₹75 cr |
| Operating margin (%) | 12.81% |
| Interest | ₹3 cr |
| Depreciation | ₹19 cr |
| Profit before tax | ₹61 cr |
| Tax | ₹13 cr |
| Net profit | ₹48 cr |
| EPS (₹) | ₹9.75 |
Operating margin of 12.81% compares with a Consumer Discretionary sector median of 13.33% across 81 peers that have reported Q1FY27.
How the stock reacted
| Window | Stock | vs NIFTY |
|---|---|---|
| Results day | -2.78% | -2.14% |
Volume on the results session was 3.18× its 20-day average.
What to watch
- Whether consolidated operating margin moves above or below 12.81%.
- Whether other income remains near Rs 7.2 cr.
- Whether trading volume stays above the 3.18-times level seen on the results date.