Safari Industries declares ₹2 dividend and ₹230 crore capex

Safari Industries (India) Limited has announced an interim dividend of ₹2 per equity share for FY2026-27 and approved a ₹230 crore manufacturing capital-expenditure plan, according to the supplied company updates. The dividend record date is 12 November 2026, while payment is due on or before 5 December 2026.

What dividend has Safari Industries announced for FY2026-27?

Safari Industries has announced an interim dividend of ₹2 per equity share, equal to 100% of the share's face value, for FY2026-27. Shareholders must hold the shares by the record date of 12 November 2026 to be eligible for the dividend, based on the company updates provided.

The stated payment deadline is on or before 5 December 2026. The filing history shows that the company initially fixed 6 November 2026 as the record date before revising it to Thursday, 12 November 2026. The revised date was described as being subject to the declaration and approval of the Board at its meeting scheduled for 5 November 2026.

The supplied updates contain both the announced dividend details and the earlier conditional language around board approval. Investors should therefore rely on the final exchange filing and corporate-action notice for confirmation of the dividend declaration, record date and payment process.

Why is Safari Industries spending ₹230 crore on capex?

Safari Industries has approved ₹230 crore of capital expenditure to strengthen manufacturing capacity and support demand. The plan allocates ₹170 crore to the parent company and ₹60 crore to its wholly owned subsidiary, Safari Manufacturing Limited.

The announced investment is focused on manufacturing capabilities rather than a financial acquisition or a new share issue. The information provided does not specify project locations, construction schedules, capacity additions, financing arrangements, or the period over which the expenditure will be deployed.

For a luggage manufacturer, manufacturing investments are relevant because production capacity, sourcing and operating efficiency can affect the ability to serve demand. However, the supplied information does not quantify the expected revenue contribution, cost savings, return on investment or effect on margins from the capex programme.

What were Safari Industries' latest reported financial results?

Safari Industries reported consolidated revenue of ₹588.58 crore in Q1 FY2026-27, up 11.5% year-on-year from ₹527.83 crore. Consolidated profit after tax was ₹47.75 crore, down 5.4% year-on-year from ₹50.49 crore, indicating that profit growth did not keep pace with revenue growth in the quarter.

The supplied quarterly data also lists revenue as ₹588 crore, up 24.36% quarter-on-quarter and 11.51% year-on-year, and gross profit of ₹56 crore, up 28.34% quarter-on-quarter. The more detailed Q1 update gives revenue at ₹588.58 crore and characterises the result as a period of margin compression.

For the quarter ended 31 March 2026, Safari Industries had reported consolidated revenue of ₹473.30 crore, EBITDA of ₹61.83 crore and profit after tax of ₹37.47 crore. Revenue was 12.40% higher year-on-year, while EBITDA rose 1.61% and profit after tax was 0.32% lower year-on-year.

What does the dividend and capex plan mean for investors?

The dividend announcement sets out a direct cash distribution of ₹2 per share, while the ₹230 crore capex approval outlines a separate commitment to manufacturing investment. These actions matter together because one involves shareholder distribution and the other requires capital deployment for operations.

The Q1 figures provide the immediate financial context. Revenue grew 11.5% year-on-year, but consolidated profit after tax declined 5.4% year-on-year to ₹47.75 crore. The data therefore shows higher sales alongside lower reported profit in the period, rather than a corresponding increase in bottom-line earnings.

Investors evaluating the announcement will have limited disclosed information on capex funding, execution milestones and expected financial returns. The supplied material also does not state whether the dividend and capex plan will alter the company's borrowing, cash balance, working-capital position or future payout policy.

What is the timeline for the Q2 FY2026-27 board meeting?

Safari Industries scheduled a Board meeting for 5 November 2026 to consider unaudited standalone and consolidated results for the quarter and half year ended 30 September 2026, as well as an interim dividend if applicable. The company had also stated that its trading-window closure ran from 1 October 2026 until 48 hours after the Q2 results were communicated to stock exchanges.

The Board agenda is important because it brings the Q2 result review and dividend consideration into the same event. The supplied information does not include the Q2 revenue, profitability, margin or cash-flow figures. Those disclosures would provide the next reported financial reference point after the Q1 revenue of ₹588.58 crore and profit after tax of ₹47.75 crore.

The company also reported the allotment of 1,130 equity shares under its ESAR scheme. No issue price, resulting share-capital figure or dilution percentage is included in the information provided.

Conclusion

Safari Industries has set out an interim dividend of ₹2 per equity share and a ₹230 crore capex plan, with ₹170 crore earmarked for the parent company and ₹60 crore for Safari Manufacturing Limited. The announcement comes after Q1 FY2026-27 revenue rose to ₹588.58 crore while consolidated profit after tax declined to ₹47.75 crore.

The next disclosed event to watch is the 5 November 2026 Board meeting, where Safari Industries was scheduled to consider Q2 FY2026-27 results and the interim dividend. Investors should also track the final corporate-action filing for the revised 12 November 2026 record date and any additional details on capex timing, funding and manufacturing capacity.