VIRAT
Virat Industries financials
- Market cap
- ₹642 Cr
- Sector
- Textiles
- Calls analysed
- 1
Virat Industries Ltd. Q1 FY27
What went well
- Socks selling price per pair for Q1 FY27 reached ₹63, marking a 47% increase over the last two years.
- The company acquired a 70.28% controlling stake in Brahmcorp Lifestyle Product Private Limited for ₹95 crores, diversifying into a broad lifestyle platform.
- The Lord Walker brand aims to sell 1 million pairs of socks by calendar year 2027, enhancing capacity utilization and turnover.
What to watch
- The simultaneous integration of multiple new businesses and diverse product lines under the Brahmcorp umbrella presents potential management bandwidth and execution challenges.
- The earnings call focused heavily on future plans and acquisitions, with limited detailed Q1 FY27 financial reporting for the existing business, making current performance assessment challenging.
Guidance record · Q1 FY27
what the last two calls moved 8 tracked 0 delivered 0 missed 8 open- Overall Sales open said Q1 FY27 Promised: ₹400-500 crores in sales in three to four years Q1 FY27: Targeting ₹400-500 crores in sales within 3-4 years with a 20% EBITDA margin.
All 8 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 9.9%, net profit up 142.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 12 | 6 | 8 | 9 | 7 −38% | 6 −7% | 5 −34% | 9 +10% |
| EBITDA | 0 | 0 | 0 | 0 | 1 +208% | 0 −15% | -0 −276% | 2 +403% |
| Net profit | 0 | 0 | 0 | 1 | 2 +367% | 1 +883% | 1 +483% | 2 +142% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −42.1% 1Y
1Y: ₹777.5 on 10 Sept 2025 → ₹450.05. High ₹777.5 (10 Sept 2025), low ₹300 (13 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- −1.5%
- 26 Aug
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue fell 9.1% a year over 2 years, FY24 to FY26. Operating margin narrowed to 3.5%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹32 Cr | ₹32 Cr | ₹27 Cr |
| Operating profit | ₹2 Cr | ₹1 Cr | ₹1 Cr |
| Operating margin | 4.8% | 3.9% | 3.5% |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Net profit | ₹1 Cr | ₹1 Cr | ₹5 Cr |
| Net margin | 2.3% | 2.9% | 18.4% |
| Cash from operations | ₹5 Cr | ₹-1 Cr | ₹3 Cr |
| Free cash flow | ₹4 Cr | ₹-1 Cr | ₹2 Cr |
| ROCE | 3.7% | 4.8% | 7.5% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹15 Cr | ₹15 Cr |
| Reserves | ₹18 Cr | ₹19 Cr | ₹20 Cr | ₹21 Cr | ₹114 Cr | ₹116 Cr |
| Borrowings | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹0 Cr | ₹1 Cr |
| Other liabilities | ₹3 Cr | ₹4 Cr | ₹5 Cr | ₹5 Cr | ₹5 Cr | ₹4 Cr |
| Total liabilities | ₹26 Cr | ₹28 Cr | ₹31 Cr | ₹31 Cr | ₹134 Cr | ₹135 Cr |
| Fixed assets | ₹7 Cr | ₹6 Cr | ₹5 Cr | ₹5 Cr | ₹4 Cr | ₹3 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹18 Cr | ₹22 Cr | ₹26 Cr | ₹27 Cr | ₹130 Cr | ₹131 Cr |
| Total assets | ₹26 Cr | ₹28 Cr | ₹31 Cr | ₹31 Cr | ₹134 Cr | ₹135 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
The ownership split has held steady since Jun 2025. The shareholder count grew 10% to 2,192.
- Promoters
- 74.5%
- Public
- 25.4%
Since Jun 2025
- Promoters 0.00 pp
- FIIs 0.00 pp
- Public 0.00 pp
How it drifted, 12 quarters
Over this window promoters went from 27.2% to 74.5% — +47.4 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 27.2%, FIIs 0.5%, Public 72.3%.Dec '23: Promoters 27.2%, FIIs 0.5%, Public 72.3%.Mar '24: Promoters 27.2%, FIIs 0.5%, Public 72.3%.Jun '24: Promoters 27.2%, FIIs 0.5%, Public 72.3%.Sep '24: Promoters 27.2%, FIIs 0.5%, Public 72.3%.Dec '24: Promoters 27.2%, FIIs 0.5%, Public 72.3%.Mar '25: Promoters 27.2%, FIIs 0.3%, Public 72.5%.Jun '25: Promoters 74.5%, Public 25.4%.Sep '25: Promoters 74.5%, Public 25.4%.Dec '25: Promoters 74.5%, Public 25.4%.Mar '26: Promoters 74.5%, Public 25.4%.Jun '26: Promoters 74.5%, Public 25.4%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Harita Projects Private - 2 +0.11 pp 1.19% held
The same filing shows 1 holder trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Virat Industries Ltd. above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Bhavook Tripathi | 66.10% | unchanged |
| Bt Capital Managers Private Limited | 6.90% | unchanged |
| Shapoorjee Chandabhoy Finvest Private Ltd. | 5.33% | unchanged |
| Ayesha Kaizad Dadyburjor | 1.60% | unchanged |
| Brahm Precision Materials Pvt Ltd | 1.55% | unchanged |
| Armand Naozer Aga | 1.52% | −0.25 pp |
| Investor Education And Protection Fund Authority Ministry Of Corporate Affairs | 1.35% | unchanged |
| Harita Projects Private - 2 | 1.19% | +0.11 pp |
| Lata Munot | 1.02% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Virat Industries Ltd.
Guides on how to read this kind of business and the numbers that matter.