Virat Industries Ltd(VIRAT)

NSE: VIRATBSE: 530521

₹ 383.65-4.99%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 557 crWebsite: www.viratindustries.comUpdated: 24 Oct 2026

About

Virat Industries is a contract manufacturer of premium socks, mainly for export, and ships about 91% of its output to well-known international brands. Revenue was Rs 26.79 Cr in FY26. Most sales go to the UK and Switzerland. The company is now launching its own Lord Walker brand in India and taking a 70.28% stake in Brahm Lifestyle Products.^[1][2][3]

Business and products

Socks are the company's only reporting segment; product sales were Rs 24.85 Cr in FY26.^[1]
It is a contract manufacturer of premium socks for top-end European markets and makes new styles every season.^[1]
It makes socks for men, women and children from combed, BCI and organic cotton blended with nylon and elastane. It also makes Merino wool socks, mainly for women, which go to the UK.^[1]
It makes eco-friendly bamboo socks for well-known domestic brands in India, and athletic socks for more than a dozen global brands that supply sports clubs.^[1]

Manufacturing capacity

Installed capacity was 9 million pairs a year on 145 machines in Q1 FY27. Contract-manufacturing sales were about 6 - 6.5 million pairs.^[3]
The factory was purpose-built and runs imported knitting machines, with central air-conditioning and an adiabatic cooling system.^[1]
The company plans to use internal accruals to expand and upgrade production capacity and to install power-saving equipment (FY26 annual report).^[1]

Key operating numbers

Selling price per pair was ₹63 in Q1 FY27, up from ₹52.93 in March 2026 and ₹42.60 in March 2025, an increase of about 47%. Management attributes the rise to a more complex product mix.^[3]
Pair volumes fell 23.47% in FY26.^[1]

Customers and export markets

Sales by market in FY26: United Kingdom Rs 12.76 Cr, Switzerland Rs 9.02 Cr, rest of the world Rs 2.04 Cr, India Rs 1.03 Cr.^[1]
Three customers accounted for about ₹183,820 thousand of revenue in FY26.^[1]
As of Q1 FY27 the company had no sales in North America, the Middle East or the Far East.^[3]
The UK-India free trade agreement took effect on 15 July 2026 and cut UK import duty on Indian socks from 11% to 0%.^[3]

Brand and growth plans

The company launched its own sock brand, Lord Walker by Brahm, in August 2026. It sells on Amazon, Myntra, Nykaa, Instamart and Blinkit.^[3]
Lord Walker's target is about 1 million pairs in calendar 2027. Over 5 years the brand is planned to expand to all Brahm Group markets.^[3]
Management's targets: total socks revenue of about ₹100 crore within two years, and total company sales of ₹400 - 500 crore in 3 - 4 years.^[3]
The company has added new business objects covering a holding company, real estate and infrastructure activities, and trading in construction materials.^[1]

Brahm Lifestyle acquisition

The company is investing ₹95 crore through a preferential allotment for a 70.28% controlling stake in Brahm Lifestyle Products, a promoter-group company. About ₹105 crore of cash is expected to remain available for further investment.^[3]
Brahm Lifestyle runs Fresh by Brahm, Skill by Brahm, Ahikoza, Unwind spas and Brahm Products.^[3]
Fresh by Brahm, a fresh-protein brand selling direct to consumers, was running at about ₹1 crore a month in Mumbai in Q1 FY27. Its FY27 target is ₹100 crore in sales.^[3]
A Skill by Brahm centre in Pune is due to open in November 2026, with a target of ₹5 crore in first-year sales.^[3]

Recent developments

The company is being renamed Brahm Virat Industries Corporation Limited; the change was awaiting Registrar of Companies approval at the Q1 FY27 call.^[3][1]
The FY26 annual report said trading in the shares was suspended over unpaid annual listing fees and that an application to revoke the suspension had been filed.^[1]
At the Q1 FY27 call the company said it had received permission to trade on the NSE in addition to the BSE.^[3]
On 30 Sep 2026 the company said CFO Bhavik Maisuria had resigned for personal reasons, effective 31 December 2026.^[4]

Market Cap

₹557 Cr

High / Low

₹684 / 293

Stock P/E

90.4

Price / Book

4.3

Book Value

₹90

EPS

₹3.4

No. of Shares

1.45 Cr

ROCE

8.5%

ROE

6.3%

OPM

20.3%

Debt / Equity

0.00

Sales

₹27 Cr

Net Profit

₹5 Cr

Promoter holding

74.5%

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