Grauer & Weil Q2 FY27 consolidated revenue Rs 325.29 cr; PAT Rs 33.69 cr

What the numbers show

• Net margin was 10.36% of revenue, down 289 bps from 13.26%.
• Total expenses rose 15.6% while revenue rose 11.8%.
• Cost of materials took 56.7% of revenue, against 48.1% a year earlier.

Key numbers (consolidated, Q2 FY27 vs Q2 FY26)

• Revenue from operations: Rs 325.29 cr (Q2 FY26: Rs 290.96 cr)
• Other income: Rs 12.55 cr (Q2 FY26: Rs 11.55 cr)
• Total income: Rs 337.84 cr (Q2 FY26: Rs 302.51 cr)
• Total expenses: Rs 293.88 cr (Q2 FY26: Rs 254.22 cr)
• Cost of materials consumed: Rs 184.49 cr (Q2 FY26: Rs 140.07 cr)
• Purchases of stock-in-trade: Rs 1.00 cr (Q2 FY26: Rs 0.67 cr)
• Changes in inventories of finished goods, work-in-progress and stock-in-trade: Rs (1.13) cr (Q2 FY26: Rs 0.92 cr)
• Employee benefits expense: Rs 35.24 cr (Q2 FY26: Rs 31.55 cr)
• Finance costs: Rs 0.55 cr (Q2 FY26: Rs 0.09 cr)
• Depreciation and amortisation expense: Rs 6.48 cr (Q2 FY26: Rs 6.28 cr)
• Other expenses: Rs 67.25 cr (Q2 FY26: Rs 74.64 cr)
• Profit before tax: Rs 43.96 cr (Q2 FY26: Rs 48.29 cr)
• Profit for the period (PAT): Rs 33.69 cr (Q2 FY26: Rs 38.57 cr)
• Earnings per share (Basic): Rs 0.74 (Q2 FY26: Rs 0.85)
• Earnings per share (Diluted): Rs 0.74 (Q2 FY26: Rs 0.85)

According to the consolidated statement of financial results for the quarter ended 30-Sep-26, revenue from operations increased to Rs 325.29 cr from Rs 290.96 cr in the corresponding quarter of the previous year, with other income at Rs 12.55 cr versus Rs 11.55 cr. This took total income to Rs 337.84 cr compared with Rs 302.51 cr a year earlier.

On the cost side, cost of materials consumed rose to Rs 184.49 cr from Rs 140.07 cr, and purchases of stock-in-trade were Rs 1.00 cr versus Rs 0.67 cr. Changes in inventories of finished goods, work-in-progress and stock-in-trade stood at Rs (1.13) cr compared with Rs 0.92 cr. Employee benefits expense increased to Rs 35.24 cr from Rs 31.55 cr, while finance costs were Rs 0.55 cr against Rs 0.09 cr and depreciation and amortisation expense was Rs 6.48 cr versus Rs 6.28 cr. Other expenses were Rs 67.25 cr compared with Rs 74.64 cr in the year-ago quarter. Total expenses consequently came in at Rs 293.88 cr versus Rs 254.22 cr.

Profit before tax for the quarter was Rs 43.96 cr, down from Rs 48.29 cr in the corresponding previous-year quarter. Tax expense comprised current tax of Rs 10.17 cr, provision for tax relating to earlier years of Rs 0.12 cr and deferred tax of Rs (0.02) cr, compared with Rs 10.11 cr, Rs 0.00 cr and Rs (0.39) cr respectively in Q2 FY26. Profit for the period (profit after tax) was Rs 33.69 cr versus Rs 38.57 cr a year earlier. Basic and diluted earnings per share for the quarter were both Rs 0.74, compared with Rs 0.85 in the same quarter of the prior year, as per the statement of financial results.