Superhouse Q1 FY27 Results: Revenue Flat at Rs 162 Crore, PAT Swings to Rs 2 Crore From Loss

Superhouse Q1 FY27 results showed the Kanpur-based leather goods and footwear exporter delivering a profitable quarter on broadly flat consolidated revenue of Rs 162 crore. The company swung to a net profit of Rs 2 crore from a net loss of Rs 1 crore in Q1 FY26 — a Rs 3 crore positive swing at the PAT level — driven primarily by gross margin improvement.

The Superhouse Q1 FY27 results showed gross profit jumping 129.57% to Rs 5 crore from Rs 2 crore on flat revenue, indicating a dramatic improvement in leather product margins. This could reflect better realisation from export markets, lower cattle hide and finished leather input costs, or a shift in product mix toward higher-margin premium footwear and leather goods categories.

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Superhouse Q1 FY27 Financial Highlights

Metric	Q1 FY27 (Rs Crore)	Q1 FY26 (Rs Crore)	YoY Change
Revenue	162.00	162.00	+0.12%
Gross Profit	5.00	2.00	+129.57%
Net Profit / PAT	2.00	-1.00	+391.55%

Superhouse Q1 FY27 Performance Analysis

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Superhouse Q1 FY27 results demonstrate a powerful gross margin improvement on flat revenue. Gross profit growing 130% from Rs 2 crore to Rs 5 crore on essentially unchanged revenue means the company earned Rs 3 crore more from its leather products business without any volume increase — a significant improvement in pricing or cost management.

The PAT turnaround in Superhouse Q1 FY27 results from a loss of Rs 1 crore to a profit of Rs 2 crore represents a Rs 3 crore swing, exactly matching the gross profit improvement. This indicates that below-the-gross-profit costs remained stable, allowing the entire gross margin improvement to flow to the bottom line.

At Rs 162 crore quarterly revenue, Superhouse is a meaningful scale leather goods company. The improvement in gross margin from approximately 1.2% (Rs 2 Cr on Rs 162 Cr) to 3.1% (Rs 5 Cr on Rs 162 Cr) in Q1 FY27 results, while still modest in absolute terms, represents a 157% improvement in per-unit economics that is now driving PAT positivity.

Leather and footwear export companies like Superhouse benefit from global demand for Indian leather products. The Q1 FY27 results improvement in margins likely reflects better export order realisations, possibly from European or American buyers improving their procurement prices from Indian leather goods suppliers.

Key Business Factors in Q1 FY27

Leather Export Realisation Improvement

Superhouse exports leather goods and footwear to international markets. The gross margin improvement in Q1 FY27 results from 1.2% to 3.1% likely reflects better export realisations from key markets, where Indian leather products are competitively positioned.

Raw Material Cost Management

Finished leather and chemical processing inputs are key cost drivers for leather goods companies. Any moderation in these input costs in Q1 FY27, combined with stable selling prices, would directly improve gross margins as demonstrated in Superhouse Q1 FY27 results.

Product Mix Improvement

A shift toward premium leather footwear or higher-margin finished goods categories would contribute to the gross margin improvement in Superhouse Q1 FY27 results. Premium leather products typically carry 2-3x the margins of commodity leather goods, and a mix shift could explain the dramatic gross profit improvement on flat revenue.

Dividend Details

Superhouse has not declared a dividend for Q1 FY27. The PAT turnaround in Q1 FY27 results is constructive, and the board may consider dividend prospects based on the company's full-year FY27 earnings trajectory.

FY27 Outlook

The FY27 outlook for Superhouse is positive following the Q1 FY27 results turnaround. India's leather goods and footwear export sector benefits from global sourcing diversification trends as buyers seek alternatives to Chinese leather products. This structural tailwind could support both volume and realisation growth for Superhouse.

Key risks include raw material leather price volatility, global demand slowdowns in key export markets, and currency fluctuations that affect export competitiveness. Monitoring Q2 FY27 gross margins will confirm whether the Q1 FY27 results improvement is structural or seasonal.

Superhouse Stock Performance

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Superhouse shares traded at Rs 168.00 on August 13, 2026, up 5.97% on the day, reflecting strong market reception of the PAT turnaround in Q1 FY27 results. The stock's positive momentum could continue if the gross margin improvement sustains through subsequent quarters.

Key Risks

Leather Price Volatility

Hide and finished leather prices are subject to agricultural and seasonal cycles. Any increase in raw material leather costs in Q2 FY27 could reverse the gross margin improvement visible in Superhouse Q1 FY27 results.

Export Market Demand Risk

Superhouse's revenue is significantly export-dependent. Any slowdown in European or American consumer demand for leather footwear or goods could reduce order volumes and realisations, impacting the revenue and margin trajectory from Q1 FY27 results.

Currency Risk

Leather goods exporters are exposed to rupee-dollar and rupee-euro exchange rate movements. Any significant rupee appreciation would reduce export realisations in rupee terms, compressing gross margins from the Q1 FY27 results base.

Conclusion

Superhouse Q1 FY27 results deliver a meaningful turnaround, with PAT swinging from a loss of Rs 1 crore to a profit of Rs 2 crore on flat revenue of Rs 162 crore. The 130% gross profit improvement drives the turnaround, reflecting better leather product economics from improved export realisations or lower input costs.

Sustaining and building on this margin improvement through FY27 will determine whether Superhouse can establish a consistently profitable earnings profile. Investors should track the gross margin trajectory in Q2 FY27 results to confirm the durability of the Q1 FY27 results turnaround. Consult a SEBI-registered advisor.

Frequently Asked Questions on Superhouse Q1 FY27 Results

When were Superhouse Q1 FY27 results announced?

Ans. Superhouse Q1 FY27 results were announced on August 13, 2026, covering the April to June 2026 quarter on a consolidated basis.

What was Superhouse's revenue in Q1 FY27?

Ans. Superhouse reported consolidated revenue of Rs 162 crore in Q1 FY27, virtually flat at +0.12% from Rs 162 crore in Q1 FY26.

Did Superhouse swing to profit in Q1 FY27?

Ans. Yes, Superhouse Q1 FY27 results show the company turning profitable with a net profit of Rs 2 crore against a net loss of Rs 1 crore in Q1 FY26.

What drove Superhouse's gross profit to surge 130% in Q1 FY27?

Ans. Superhouse Q1 FY27 results show gross profit jumping from Rs 2 crore to Rs 5 crore on flat revenue, driven by improved leather product export realisations, lower raw material costs, or a shift toward higher-margin premium leather goods.

Did Superhouse declare a dividend after Q1 FY27 results?

Ans. Superhouse has not declared a dividend for Q1 FY27.

What is the outlook for Superhouse after Q1 FY27 results?

Ans. The FY27 outlook is positive, supported by India's growing leather export competitiveness. Leather raw material cost management and export market demand will determine the sustainability of the Q1 FY27 results improvement.

Is Superhouse a good investment after Q1 FY27 results?

Ans. Superhouse Q1 FY27 results show a meaningful turnaround. Investors should assess margin sustainability and export order visibility before investing. Consult a SEBI-registered advisor.