Safari Industries India falls on Q4 profit drop

Safari Industries (INDIA)

06/05/2025 10:15

** Shares of Safari Industries (India) SAFA.NS fall 3.8% to 1,920 rupees

** Luggage manufacturer reports 13% Y/Y fall in Q4 consol net profit

** While rev from ops rose 15.3% Y/Y, it was outpaced by 20% rise in total expenses

** More than 120,000 shares change hands, 3.4x the 30-day avg

** Avg rating of eight analysts equivalent of "buy", median PT is 2,640 rupees - data compiled by LSEG

** Stock down 25.1% YTD

 (Reporting by Ashish Chandra in Bengaluru)

 ((ashish.chandra@thomsonreuters.com (+91 7982114624))