LALITHAA reports Rs 208.22 cr consolidated profit in Q1FY27
Interest and depreciation absorbed part of operating profit, while other income played only a small role in pre-tax earnings.
Filed 11 Sep 2026, 17:59 IST · after market close · LALITHAA (LALITHAA)
Key takeaways
- Lalithaa's consolidated Q1FY27 operating profit of Rs 372.84 cr came at a 6.18% operating margin.
- Other income was only Rs 3.54 cr against profit before tax of Rs 283.58 cr, so reported profit was not materially reliant on non-operating income.
- Tier II and III stores contributed 62% of Q1FY27 revenue as management outlined expansion in studded gold jewellery and lower-value product ranges.
Price around the results
Operating profit absorbed sizeable below-operating charges
Lalithaa reported consolidated operating profit of Rs 372.84 cr at a 6.18% margin, with net profit at Rs 208.22 cr. Interest of Rs 62.34 cr and depreciation of Rs 30.46 cr were the main charges below operating profit in the quarter.
Profit quality was supported by core operations
Other income of Rs 3.54 cr was small relative to profit before tax of Rs 283.58 cr, indicating limited dependence on non-operating income. The reported tax rate was 26.58%, while EPS stood at Rs 4.16.
Gold-price response centres on product mix
Management said the rise in gold prices is a challenge and that lower-value products are intended to mitigate its effect. The company said it plans to expand studded gold jewellery, silverware and other product ranges, while continuing investments in brand building and marketing.
Tier II and III stores supplied most reported revenue
Management said Tier II and III stores contributed 62% of revenue in Q1FY27, highlighting the importance of these locations in the current store mix. The company also said flexible savings schemes are designed to make jewellery ownership easier. The results were filed after market close, so there is no same-session reaction to assess.
Q1FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹6,031 cr |
| Other income | ₹4 cr |
| Expenses | ₹5,658 cr |
| Operating profit | ₹373 cr |
| Operating margin (%) | 6.18% |
| Interest | ₹62 cr |
| Depreciation | ₹30 cr |
| Profit before tax | ₹284 cr |
| Tax | ₹75 cr |
| Net profit | ₹208 cr |
| EPS (₹) | ₹4.16 |
How the stock reacted
| Window | Stock | vs NIFTY |
|---|---|---|
| Results day | -4.99% | -3.80% |
| Next session | -9.73% | — |
| 5 sessions | -0.74% | -0.44% |
Volume on the results session was 0.04× its 20-day average.
What management said
From the company’s own investor presentation. Each point is checked against the source document before it appears here.
This quarter
- Tier II and III stores contributed 62% of revenue in Q1 FY27.
Guidance & outlook
- The company plans to expand its studded gold jewellery business.
- The company plans to expand silverware and other product ranges to offer lower-value products.
- The company plans to continue investing in brand building and marketing initiatives.
New initiatives
- The company offers flexible savings schemes to make jewellery ownership easier.
Problems & risks
- The company cites a hike in gold prices as a challenge it seeks to mitigate with lower-value products.
What to watch
- Whether operating margin remains at or above 6.18%.
- Whether Tier II and III stores retain a revenue contribution near 62%.
- Whether the tax rate stays close to 26.58%.