Fiem Industries lifts margin as revenue growth outpaces costs
Consolidated Q2FY27 profit rose +29.47% sequentially, while other income contributed only 2.78% of pre-tax profit.
Filed 12 Nov 2026, 16:14 IST · after market close · Fiem Industries Ltd (FIEMIND)
Key takeaways
- Consolidated revenue grew +20.89% sequentially while expenses grew +20.08%, lifting operating margin by 0.57 percentage points.
- Net profit rose +29.47% sequentially, helped by a 0.29 percentage-point easing in the tax rate.
- Operating margin was 2.67 percentage points above the 11.30% median for 308 reported Consumer Discretionary peers.
Price around the results
Revenue growth carried into a wider operating margin
Consolidated revenue rose +20.89% sequentially, ahead of the +20.08% increase in expenses. That operating leverage lifted operating profit by +26.09% and expanded margin by 0.57 percentage points to 13.97%.
Lower tax rate added to profit growth
Pre-tax profit increased +28.95% sequentially, while net profit grew faster at +29.47% as the tax rate eased by 0.29 percentage points. Other income accounted for only 2.78% of pre-tax profit, so the quarter's profit growth was not primarily dependent on non-operating income.
Margin stayed above the reported peer median
Fiem Industries' 13.97% operating margin was 2.67 percentage points above the 11.30% median among 308 Consumer Discretionary peers that had reported. The available quarter-on-quarter history shows margin improving from 13.40% in Q1FY27 to 13.97% in Q2FY27, but does not establish a longer multi-quarter direction.
Results were filed after market close
The consolidated results were filed after market close, so there is no market reaction to assess yet. The next trading session will provide the initial response, without a reaction-history comparison in this report.
Q2FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 | Q1FY27 | QoQ |
|---|---|---|---|
| Revenue | ₹937 cr | ₹775 cr | +20.89% |
| Other income | ₹3 cr | ₹5 cr | -33.75% |
| Expenses | ₹806 cr | ₹672 cr | +20.08% |
| Operating profit | ₹131 cr | ₹104 cr | +26.09% |
| Operating margin (%) | 13.97% | 13.40% | — |
| Interest | ₹1 cr | ₹1 cr | -0.90% |
| Depreciation | ₹19 cr | ₹19 cr | -0.31% |
| Profit before tax | ₹114 cr | ₹88 cr | +28.95% |
| Tax | ₹30 cr | ₹23 cr | +27.58% |
| Net profit | ₹84 cr | ₹65 cr | +29.47% |
| EPS (₹) | ₹31.92 | ₹24.65 | +29.49% |
Operating margin of 13.97% compares with a Consumer Discretionary sector median of 11.30% across 308 peers that have reported Q2FY27.
What to watch
- Whether revenue growth stays ahead of the +20.08% sequential expense-growth rate.
- Whether operating margin holds above 13.97% after its 0.57 percentage-point sequential improvement.
- Whether the tax rate remains near 26.21% without greater reliance on other income than 2.78% of pre-tax profit.