Bhartiya International Limited (BIL) Q2 FY27: Robust Revenue Growth Accompanied by Strong PAT Expansion

Bhartiya International Limited (BIL) has reported impressive financial results for Q2 FY27, showcasing robust revenue growth and a significant expansion in profit after tax (PAT). The company’s revenue for the quarter stood at Rs. 507 crore, marking a 26.9% year-over-year (YoY) increase. This growth is attributed to a better product mix, disciplined cost management, and efficient utilization of higher capacity.

Strong Financial Performance

The PAT for Q2 FY27 surged by 72.8% YoY to Rs. 25 crore, while profit before tax (PBT) jumped 65.3% to Rs. 34 crore. The EBITDA margin remained flat at 10.0%, reflecting the company’s operational efficiency. The company’s revenue mix continues to be anchored by its outerwear segment, which contributes 65% to the total revenue, followed by bags and accessories at 18%.

Half-Year Financial Highlights

For the first half of FY27, revenue grew by 29.5% YoY to Rs. 880 crore, and PAT increased by 94.7% to Rs. 42 crore. The EBITDA margin was also flat at 9.9%. The company’s net working capital reduced by 24 days to 185 days, and the net debt-to-equity ratio improved to 0.9x. The return on capital employed (ROCE) expanded by 320 basis points to 12.7%.

Bhartiya International Limited continues to reinforce its position as a trusted strategic manufacturing partner to leading international brands, with strong traction in marquee global customer programs and sustained momentum in the core business.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Bhartiya International Limited

Bhartiya International Limited belongs to the Consumer Cyclical › Footwear & Accessories sector. Here’s a quick read on where the business and the stock stand today.

Bhartiya gains 41.0% over three months and trades near its 52-week highs. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. No meaningful dividend — total return is entirely dependent on capital appreciation. RSI hits 75, a level that signals the stock runs hot. Notably, buyers drove volume on 15 recent sessions — though at these levels, some profit-taking is normal. The stock rises 41.0% in three months. Yet revenue grows at only 19.0% and the PEG stands at 99.00. Either the market prices in a turnaround that has not shown up yet, or this is momentum without substance. Check the next two earnings prints before drawing conclusions. Check Fundamentals of Bhartiya International Limited.