BANARAS BEADS LTD

Manufactures and exports glass beads and imitation jewellery from a base in Varanasi, with US-based buyers identified as a major customer group. FY26 revenue from operations was ₹25.49 crore, down 19.25% from the year before, a decline the company attributes to US tariff increases that caused buyers to hold orders. After the tariff issue was resolved, buyers reconfirmed orders and export execution resumed, with Q1 FY27 revenue rising 46% year-on-year to ₹905.84 lakh. The cost structure is materials-heavy — raw materials and components absorb 47.2% of revenue, with employee costs at 23.2% and other operating expenses at 34.0%. The company employs 243 people including 101 women at its Varanasi unit, has no subsidiaries, and reports no debt servicing concerns. No dividend was declared for FY26, and the chairman noted expectations that the rising trend in turnover and profitability would continue in coming periods.