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Safari Industries' arm begins additional production at Gujarat Halol factory to almost double capacity

The production capacity of safari manufacturing ltd has increased from 1.25 lakh pieces per month to 2.25 lakh pieces per month. .

Safari Industries on Monday announced that its subsidiary Safari Manufacturing Ltd has commenced additional commercial production of luggage at its factory at Halol in Gujarat. The additional manufacturing of the luggage started on January 2 after the completion of various trial runs and increased productivity, the company said in a filing to the stock exchanges on Monday.

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Consequently, the production capacity of Safari Manufacturing has increased from 1.25 lakh pieces per month to 2.25 lakh pieces per month. Founded in 1974, Safari Industries is in the business of manufacturing and trading luggage and luggage accessories. There are two broad categories of luggage -- hard luggage and soft luggage.

Safari Industries 1-month stock chart

Hard luggage is mainly made of Polypropylene and Polycarbonate and manufactured in-house by Safari at its plant at Halol. Soft luggage is made of fabrics of various kinds. The company mainly imports the material for soft luggage.

In the September quarter, the company posted a consolidated net profit of Rs 25.93 crore as against a net profit of Rs 10.62 crore for the period ended September 30, 2021.

The company's total income rose to Rs 317.39 crore during the quarter ended September 30, 2022, compared to Rs 190.6 crore in the corresponding quarter a year ago.

Shares of Safari Industries were trading at Rs 1700 apiece, up 0.28 percent on BSE at 10.41 am on Tuesday.

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• Safari Manufacturing Ltd. commissions expanded capacity at Halol.

Safari Manufacturing Limited ("SML"), the wholly owned subsidiary of Safari Industries (India) Limited, after completion of various trial-runs and increased productivity, has successfully commenced its additional commercial production / manufacturing of luggage from. 2nd January 2023 at its factory situated at Halol, Gujarat. Consequently, the effective production capacity of SML has increased from 1,25,000 pieces per month to 2,25,000 pieces per month. EQUITYBULLS

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Safari Ltd. Careers

Rewards, perks, & benefits.

Here are some of our perks: Versatile medical, dental & vision plans (including accidental & hospital confinement), a competitive Safe Harbor 401k package with a generous match, paid Group Term Life insurance, and employee discounts on our epic toys!

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Once you’re part of the crew, you’re part of the Safarian family. Say goodbye to the uptight corporate culture and hello to a professionally cool and fun vibe! Think: office yoga & walking clubs, red carpet premieres, standing desks & bonus office challenges and giveaways!

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Giving back is in our DNA. Last year, we donated a portion of our sales and replanted 1,100 trees! We often run blood drives at work and annually donate to schools, hospitals & animal care facilities!

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You’ll be able to absorb all of the ins & outs of the toy industry while simultaneously using your creative-thinking and knowledge of Safari Ltd®’s products in order to help our customers– at every step of the process!

Wanna join the Safarian family? Explore open positions here !

*if you don't see an opening that matches your background or experience, send us your resume any way by send us resume on the " general application " page.

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Safari Manufacturing to acquire land in Halol

Disclaimer: No Business Standard Journalist was involved in creation of this content

Safari Industries (India) buys land in Gujarat

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First Published: Dec 04 2021 | 10:34 AM IST

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