D B Corp's Q2 operating margin beats peer median by 5.30 points
The consolidated quarter included Rs 33.46 cr of other income, while depreciation and interest limited its impact on profit before tax.
Filed 15 Oct 2026, 13:41 IST · D B Corp Ltd (DBCORP)
Key takeaways
- D B Corp's consolidated operating margin of 15.65% was 5.30 percentage points above the median for nine Consumer Discretionary peers.
- Other income of Rs 33.46 cr was a meaningful contributor to profit before tax of Rs 92.86 cr, while depreciation and interest offset much of that non-operating lift.
- Consolidated net profit was Rs 68.62 cr at a 26.10% tax rate, making tax and non-operating income important lenses on earnings quality.
Price around the results
Q2 margin leads nine reported peers
D B Corp's consolidated operating margin of 15.65% stood 5.30 percentage points above the 10.35% median for the nine Consumer Discretionary peers that have reported. It ranked seventh from the bottom in that peer set, placing it above the sector midpoint on operating profitability.
Other income supported reported profit
The bridge from operating profit of Rs 90.87 cr to profit before tax of Rs 92.86 cr was limited because other income of Rs 33.46 cr was largely offset by depreciation of Rs 25.29 cr and interest of Rs 6.18 cr. This makes the composition of pre-tax profit important: the quarter's operating earnings remained the main base, but non-operating income was still material.
Tax rate shaped the conversion to net profit
Tax of Rs 24.24 cr at a 26.10% rate reduced consolidated profit to Rs 68.62 cr. The reported net profit therefore reflects both the operating result and the contribution from other income, rather than operating performance alone.
Q2FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 |
|---|---|
| Revenue | ₹581 cr |
| Other income | ₹33 cr |
| Expenses | ₹490 cr |
| Operating profit | ₹91 cr |
| Operating margin (%) | 15.65% |
| Interest | ₹6 cr |
| Depreciation | ₹25 cr |
| Profit before tax | ₹93 cr |
| Tax | ₹24 cr |
| Net profit | ₹69 cr |
| EPS (₹) | ₹3.85 |
Operating margin of 15.65% compares with a Consumer Discretionary sector median of 10.35% across 9 peers that have reported Q2FY27.
What to watch
- Whether consolidated operating margin holds above 15.65%.
- Whether other income remains near Rs 33.46 cr or becomes less material to profit before tax.
- Whether the tax rate stays near 26.10%.