Kokuyo Camlin Q2 profit drops 64.79% sequentially
Revenue fell 19.00% QoQ and operating margin narrowed 2.13 percentage points as expenses declined more slowly.
Filed 05 Nov 2026, 18:53 IST · after market close · Kokuyo Camlin Ltd (KOKUYOCMLN)
Key takeaways
- Standalone net profit fell 64.79% QoQ to Rs 2.57 cr as revenue declined 19.00%.
- Operating margin narrowed 2.13 percentage points to 4.67% because expenses fell 17.14%, slower than revenue.
- At 4.67%, operating margin was 6.02 percentage points below the 10.69% median for 62 reported FMCG peers.
Price around the results
Revenue decline cuts standalone earnings
Kokuyo Camlin's standalone revenue fell 19.00% QoQ to Rs 185.64 cr, while operating profit declined 44.45% to Rs 8.66 cr. Profit before tax fell 64.70% to Rs 3.47 cr, taking net profit down 64.79% to Rs 2.57 cr. The sharper fall in profit than revenue reflects the squeeze on operating margin.
Costs fell more slowly than revenue
Expenses declined 17.14%, less than the 19.00% fall in revenue, narrowing operating margin by 2.13 percentage points. Interest expense fell 48.33% and depreciation declined 2.29%, but these reductions were not enough to offset the operating decline. Other income accounted for 7.20% of profit before tax, so it was a limited contributor to reported profit; the tax rate also increased by 0.35 percentage points.
Margin trails the reported FMCG peer median
The Q2FY27 sequence marks a decline from Q1FY27's 6.80% operating margin to 4.67%; the available comparison shows weaker sequential momentum rather than a multi-quarter trend. Kokuyo Camlin's margin was 6.02 percentage points below the 10.69% median among 62 FMCG peers that had reported the quarter. It ranked 15th from the bottom on operating margin among those companies.
Results filed after market close
The company filed its standalone Q2FY27 results after market close on 5 November 2026. There is therefore no same-session stock reaction to assess, and no post-results trading history is available for comparison.
Q2FY27 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 | Q1FY27 | QoQ |
|---|---|---|---|
| Revenue | ₹186 cr | ₹229 cr | -19.00% |
| Other income | ₹0 cr | ₹0 cr | +177.78% |
| Expenses | ₹177 cr | ₹214 cr | -17.14% |
| Operating profit | ₹9 cr | ₹16 cr | -44.45% |
| Operating margin (%) | 4.67% | 6.80% | — |
| Interest | ₹0 cr | ₹1 cr | -48.33% |
| Depreciation | ₹5 cr | ₹5 cr | -2.29% |
| Profit before tax | ₹3 cr | ₹10 cr | -64.70% |
| Tax | ₹1 cr | ₹3 cr | -64.03% |
| Net profit | ₹3 cr | ₹7 cr | -64.79% |
| EPS (₹) | ₹0.26 | ₹0.73 | -64.38% |
Operating margin of 4.67% compares with a Fast Moving Consumer Goods sector median of 10.69% across 62 peers that have reported Q2FY27.
What to watch
- Whether revenue moves back from Rs 185.64 cr after the -19.00% QoQ decline.
- Whether operating margin recovers from 4.67% after the 2.13 percentage-point contraction.
- Whether the expense decline exceeds the revenue decline from the current -17.14% versus -19.00% gap.