Banaras Beads' margin trails peer median as shares rise 5.64%
Interest of Rs 0.51 cr and other income of Rs 0.34 cr shaped the standalone quarter, which ended with Rs 1.00 cr net profit.
Filed 29 Oct 2026, 13:35 IST · Banaras Beads Ltd (BANARBEADS)
Key takeaways
- Banaras Beads' standalone operating margin of 11.67% was 1.07 percentage points below the 12.74% median for 107 Consumer Discretionary peers.
- Interest of Rs 0.51 cr and depreciation of Rs 0.35 cr reduced Rs 1.83 cr operating profit to Rs 1.31 cr profit before tax.
- The stock rose 5.64% on the result day, with traded volume at 2.72 times the comparison level.
Price around the results
Operating margin sits below the sector median
Banaras Beads reported a standalone operating margin of 11.67%, below the 12.74% median among 107 Consumer Discretionary peers that have reported the quarter. Its margin was ranked 49th from the bottom in that comparison, placing the company below the sector midpoint.
Interest was a material drag below operating profit
The Rs 0.51 cr interest charge and Rs 0.35 cr depreciation reduced Rs 1.83 cr of operating profit to Rs 1.31 cr of profit before tax. Other income of Rs 0.34 cr was a meaningful component alongside pre-tax profit, so reported earnings were not generated entirely by operations. The 23.34% tax rate then left net profit at Rs 1.00 cr, or EPS of Rs 1.52.
Shares gained 5.64% on result-day trading
Banaras Beads shares rose 5.64% on 29 October, while traded volume was 2.72 times the comparison level. The move came despite the company's operating margin remaining 1.07 percentage points below the peer median.
Q2FY27 at a glance
Standalone figures as filed with NSE — cross-checked against an independent source.
| Line item | Q2FY27 |
|---|---|
| Revenue | ₹16 cr |
| Other income | ₹0 cr |
| Expenses | ₹14 cr |
| Operating profit | ₹2 cr |
| Operating margin (%) | 11.67% |
| Interest | ₹1 cr |
| Depreciation | ₹0 cr |
| Profit before tax | ₹1 cr |
| Tax | ₹0 cr |
| Net profit | ₹1 cr |
| EPS (₹) | ₹1.52 |
Operating margin of 11.67% compares with a Consumer Discretionary sector median of 12.74% across 107 peers that have reported Q2FY27.
How the stock reacted
| Window | Stock | vs NIFTY |
|---|---|---|
| Results day | +5.64% | +4.59% |
Volume on the results session was 2.72× its 20-day average.
What to watch
- Whether standalone operating margin moves above or below 11.67%.
- Whether other income remains near Rs 0.34 cr relative to profit before tax.
- Whether interest stays around the Rs 0.51 cr level against operating profit.