Bhartiya International profit falls on real-estate drag; sells factory for ₹31 cr
Revenue jumped 32% to ₹1,360 crore on stronger apparel demand, but a ₹17 crore loss from real-estate associates sank the bottom line. The company is selling its Bengaluru factory.
— 2 earlier stories on Bhartiya International Ltd. →What's new
- FY26 consolidated revenue grew 32% to ₹1,360.42 crore on stronger apparel business.
- Net profit fell to ₹13.45 crore from ₹15.63 crore, dragged down by ₹17.03 crore in associate losses.
- Agreed to sell its Bengaluru manufacturing property to a related party for ₹31 crore.
Why this matters
The core apparel engine is running, but unrelated real-estate bets are bleeding the group. The ₹31 crore factory sale will boost cash, but the related-party deal will face scrutiny.
What we're watching
- The financial health of the loss-making real-estate associates.
- Details on the new factory site after the Bengaluru sale.
- Whether apparel growth can keep offsetting the associate drag.
The full read
Bhartiya International's top line is accelerating. Revenue surged 32% to ₹1,360.42 crore for FY26, driven by its core fashion apparel segment. The bottom line tells a different story. Consolidated net profit slipped to ₹13.45 crore from ₹15.63 crore, entirely because of a ₹17.03 crore share of losses from associate companies in real estate. In a separate move, the company agreed to sell its Bengaluru factory to a related party for ₹31 crore to relocate operations. The deal will provide cash for the micro-cap firm, but the related-party transaction will warrant a closer look. Standalone numbers were strong; it is the consolidated drag from associates that soured the year. The core apparel engine is running. The open question is how much it can pull.
Questions answered
- Why did profit fall even though revenue grew 32%?
- The bottom line was hit by a ₹17.03 crore share of losses from associate companies involved in real-estate development. This loss was large enough to erase the benefit of the top-line growth.
- What is the purpose of the ₹31 crore Bengaluru property sale?
- Bhartiya International is selling the manufacturing site to relocate its factory operations to a different location. The sale is to a related party.
- Was the audit opinion clean?
- Yes, the company received an unmodified audit opinion for its FY26 financial statements.
- What was the standalone versus consolidated performance?
- The rationale notes the company had a strong standalone performance, but the consolidated numbers were weighed down by the losses from its associate companies.
Story so far
All notes on BIL →- 29 May 2026 · 6:46 PM IST Bhartiya International profit falls on real-estate drag; sells factory for ₹31 cr
- 1d ago Bhartiya's 32% revenue jump can't hide a ₹17 cr real-estate loss
- 1d ago Bhartiya's leather recovery is real. Its real estate drag isn't going away.