Bhartiya International Ltd Q2 profit rises 125% to ₹22.3 crore

Bhartiya International reported Q2 FY27 consolidated net profit of ₹22.3 crore, a 125.3% year-on-year increase, while revenue from operations rose 26.9% to ₹506.9 crore. The September-quarter result points to improved profitability alongside higher revenue in the company’s fashion apparel, accessories and intermediaries business.

What did Bhartiya International report for Q2 FY27?

Bhartiya International reported consolidated revenue from operations of ₹506.9 crore for the quarter ended 30 September 2026, compared with ₹399 crore in Q2 FY26. Consolidated net profit was ₹22.3 crore, against ₹9.9 crore a year earlier, according to the quarterly-results summary provided.

Revenue was also higher than the ₹373 crore reported in the preceding June 2026 quarter. Total income for Q2 FY27 was stated at ₹508 crore, including other income of ₹0.6 crore. Profit before tax increased to ₹31.5 crore from ₹16.2 crore in the year-earlier quarter.

The reported figures indicate that profit grew faster than revenue during the quarter. Operating margin improved to 6.2% from 4.1% in Q2 FY26, while consolidated EBITDA was reported at ₹51.4 crore, equivalent to a 10.1% margin.

How did higher revenue translate into profit growth?

The increase in revenue was accompanied by a wider operating margin, which supported the rise in net profit. The supplied results summary attributed the performance to operational scaling and growth in the core fashion apparel segment, without reporting any exceptional items for the quarter.

Raw-material consumption in the fashion business was ₹305.6 crore, or 60.3% of revenue. Employee costs rose to ₹27.4 crore from ₹18.4 crore in Q2 FY26, reflecting the expansion of production capacity cited in the results material. Consolidated finance costs declined modestly to ₹12.5 crore from ₹13.1 crore a year earlier.

The company operates as a single segment covering fashion apparels, accessories and intermediaries. This means its quarterly performance is primarily linked to execution, demand and cost management within that business rather than contributions from separately disclosed operating divisions.

What did the board approve on 12 November 2026?

Bhartiya International’s board approved unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026 at its meeting on 12 November 2026. The board also approved an investor presentation, according to the exchange-filing summary.

The limited-review reports were described as unmodified. The consolidated auditor relied on other auditors for certain subsidiaries and associates, as stated in the supplied filing summary. These details relate to the review of the reported financial statements and do not indicate a qualification in the review conclusion.

The board also appointed Manoj Khattar as a Whole-Time Director. The material provided does not disclose further details on the terms of the appointment or a separate operational change linked to it.

Why are some figures in the supplied disclosures different?

The supplied material contains multiple financial summaries with figures that are not fully consistent with one another. The Q2 FY27 earnings summary reports consolidated revenue of ₹506.9 crore and net profit of ₹22.3 crore, while another filing-related extract refers to standalone revenue of ₹729.46 crore, consolidated revenue of ₹1,360.42 crore and consolidated profit after tax of ₹15.52 crore.

The filing extract says those latter figures relate to results for the quarter and half year ended 30 September 2026, but it does not clearly identify the precise period corresponding to each figure. Therefore, these numbers should not be directly compared with the quarterly performance table without the complete financial statements and notes.

Another results summary reported Q2 FY27 consolidated profit after tax of ₹25.2 crore, up 72.8% year-on-year. Given the conflicting summaries in the provided material, the ₹22.3 crore net-profit figure is used here because it is consistently presented in the detailed Q2 comparison table and headline results account.

What does the result mean for investors and operations?

The key market-relevant development is the combined improvement in revenue, operating margin and net profit. Revenue rose 26.9% year-on-year, while net profit increased 125.3%, demonstrating that the reported growth was not confined to the top line. EBITDA margin of 10.1% and operating margin of 6.2% provide additional reference points for tracking future profitability.

For operations, the increase in employee costs and raw-material spending reflects the higher scale of the fashion business. The company also entered into an agreement to sell its Bengaluru manufacturing property for ₹31 crore to facilitate relocation of the facility. The supplied material does not provide a completion date or financial effect of this transaction.

H1 FY27 consolidated revenue was reported at ₹879.7 crore, up 29.5% from H1 FY26. Investors will need to assess subsequent filings for whether revenue growth, margin levels, finance costs and the planned facility relocation continue to support the quarterly trend.

Conclusion

Bhartiya International’s reported Q2 FY27 performance showed substantial improvement, with consolidated revenue from operations reaching ₹506.9 crore and net profit rising to ₹22.3 crore. Higher revenue, a 6.2% operating margin and lower finance costs versus the previous year supported the profit increase.

The next confirmed item to watch is the company’s detailed exchange disclosure for the quarter and half year ended 30 September 2026, including clarification of the differing figures cited across the supplied summaries. Updates on the Bengaluru property sale, facility relocation and the role of Manoj Khattar as Whole-Time Director will also be relevant to investors.