Bhandari Hosiery Q1 FY27 Results: Revenue Falls 19% to Rs 50 Crore, PAT Declines 20% to Rs 1 Crore

Bhandari Hosiery Q1 FY27 results showed the standalone hosiery company reporting Rs 50 crore revenue, down 19.17% from Rs 62 crore in Q1 FY26. The knitwear and hosiery sector faced demand headwinds in Q1 FY27.

The Bhandari Hosiery Q1 FY27 results showed gross profit declining 10.55% to Rs 4 crore from Rs 4 crore on 19% lower revenue — gross margin improving slightly from 6.5% to 8% as the remaining revenue carries better margins.

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Bhandari Hosier Q1 FY27 Financial Highlights

Metric	Q1 FY27 (Rs Crore)	Q1 FY26 (Rs Crore)	YoY Change
Revenue	50.00	62.00	-19.17%
Gross Profit	4.00	4.00	-10.55%
Net Profit / PAT	1.00	1.00	-19.91%

Bhandari Hosier Q1 FY27 Performance Analysis

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Bhandari Hosiery Q1 FY27 results show 19% revenue decline with gross profit declining less steeply at 10.55% — indicating that the lost revenue was at lower margins, improving overall per-unit economics on retained business.

PAT declining proportionately at 20% on 19% revenue decline in Q1 FY27 results suggests below-gross-profit costs scaled down alongside revenue — consistent with a variable cost structure in hosiery distribution.

Gross margin improvement from 6.5% to 8% in Q1 FY27 results confirms quality over quantity — the retained Rs 50 crore of revenue carries better unit economics than the exited Rs 12 crore.

Revenue recovery with maintained improved margins in Q2 FY27 would deliver meaningful PAT improvement from Q1 FY27 results base.

Key Business Factors in Q1 FY27

Demand Softness in Hosiery

19% revenue decline reflects hosiery and knitwear demand softness in the April-June 2026 quarter.

Margin Quality Improvement

Gross margin improving from 6.5% to 8% on lower revenue confirms retention of higher-margin hosiery business.

Proportionate Cost Management

Below-gross-profit costs scaling with revenue in Q1 FY27 results limits PAT decline to match revenue decline.

Dividend Details

Bhandari Hosiery has not declared a dividend for Q1 FY27.

FY27 Outlook

The FY27 outlook depends on hosiery demand recovery. Festive season Q2-Q3 typically supports knitwear and hosiery volumes. Revenue returning toward Rs 62 crore with improved margins would deliver material PAT uplift.

Cotton yarn input costs and consumer spending on clothing and apparel are the key demand variables.

Bhandari Hosier Stock Performance

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Bhandari Hosiery shares traded at Rs 2.91 on August 13, 2026, up 0.34%. Penny stock valuation at this revenue scale.

Key Risks

Sustained Revenue Decline

If Q2 FY27 hosiery demand remains soft, full-year revenue will be materially below FY26 levels.

Cotton Input Costs

Yarn cost inflation can compress the 8% gross margin in Q1 FY27 results further.

Retail Distribution Competition

Large branded hosiery players compete intensively for retail shelf space.

Conclusion

Bhandari Hosiery Q1 FY27 results show 19% revenue decline to Rs 50 crore and 20% PAT decline to Rs 1 crore — proportionate earnings softness from hosiery demand weakness with slight gross margin improvement.

Recovery depends on festive season demand. Consult a SEBI-registered advisor.

Frequently Asked Questions on Bhandari Hosier Q1 FY27 Results

When announced?

Ans. August 13, 2026, standalone.

Revenue?

Ans. Rs 50 crore, down 19.17%.

PAT?

Ans. Rs 1 crore, down 19.91%.

Why did gross profit fall less than revenue?

Ans. Higher-margin hosiery was retained while lower-margin business was lost — improving gross margin from 6.5% to 8%.

Dividend?

Ans. No dividend for Q1 FY27.

Outlook?

Ans. Festive season demand recovery is the near-term catalyst.

Investment?

Ans. Penny stock hosiery company with demand softness. Consult a SEBI-registered advisor.