A 2.19% tax rate defines Nath Bio-Genes’ Q1FY27 profit
Consolidated net profit reached Rs 32.26 cr, while operating margin was 10.70% and other income added Rs 3.1 cr.
Filed 18 Sep 2026, 15:04 IST · Nath Bio-Genes (India) Ltd (NATHBIOGEN)
Key takeaways
- Consolidated operating margin of 10.70% was 0.32 percentage points below the 11.02% median of 94 reporting FMCG peers.
- Consolidated net profit was Rs 32.26 cr on EPS of Rs 16.98, but the 2.19% tax rate flattered earnings conversion.
- The stock gained +0.89% initially, slipped -0.49% the next session and was down -4.66% after 30 sessions.
Price around the results
Operating margin sits below the sector median
Nath Bio-Genes reported consolidated revenue of Rs 328.4 cr and operating profit of Rs 35.15 cr for Q1FY27. Its 10.70% operating margin was 0.32 percentage points below the 11.02% median among 94 FMCG peers that had reported the quarter. With no sequential or year-on-year comparison provided, the peer gap is the clearest benchmark for the quarter.
Low tax rate supported reported earnings
Consolidated net profit of Rs 32.26 cr was helped by a 2.19% tax rate, so the reported profit conversion was aided by a light tax charge. Interest expense of Rs 4.26 cr further separated operating profit from profit before tax, while other income contributed Rs 3.1 cr. The tax rate is therefore an important quality marker alongside EPS of Rs 16.98.
Initial market gain gave way to losses
The stock rose +0.89% initially, including a +1.40% opening gap, but closed the next session down -0.49%. It was up +0.58% after five sessions before moving to -3.77% after 15 sessions and -4.66% after 30 sessions. The market response therefore weakened after the early positive reaction.
Q1FY27 at a glance
Consolidated figures as filed with NSE — cross-checked against an independent source.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹328 cr |
| Other income | ₹3 cr |
| Expenses | ₹293 cr |
| Operating profit | ₹35 cr |
| Operating margin (%) | 10.70% |
| Interest | ₹4 cr |
| Depreciation | ₹1 cr |
| Profit before tax | ₹33 cr |
| Tax | ₹1 cr |
| Net profit | ₹32 cr |
| EPS (₹) | ₹16.98 |
Operating margin of 10.70% compares with a Fast Moving Consumer Goods sector median of 11.02% across 94 peers that have reported Q1FY27.
How the stock reacted
| Window | Stock | vs NIFTY |
|---|---|---|
| Results day | +0.89% | +0.62% |
| Next session | -0.49% | — |
| 5 sessions | +0.58% | -1.02% |
| 15 sessions | -3.77% | — |
| 30 sessions | -4.66% | — |
Volume on the results session was 8.96× its 20-day average.
What to watch
- Whether consolidated operating margin moves above the 10.70% reported in Q1FY27.
- Whether the tax rate remains near 2.19% or rises in the next quarter.
- Whether operating margin closes the 0.32 percentage-point gap to the 11.02% sector median.