Plastic products · SII
Travel Bags
from 1,505 today
Safari Industries delivered in-line revenue performance in 1QFY27, growing 11.5% YoY supported by ~10% volume growth. We reiterate our BUY rating with a DCF-based TP of INR2,250, expecting revenue momentum to outpace the industry driven by capacity additions and new brand positioning.
SII IN reported a steady performance with EBITDA margin of 12.8% aided by calibrated price hikes, backward integration benefits, and liquidation of low-cost inventory. We expect 14% sales CAGR over the next 2 years and retain BUY with a TP of INR1,953.
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