Nilkamal's Q2 operating margin trails Consumer Discretionary median
Consolidated operating margin was 0.77 percentage points below the 12.74% median across 107 reported sector peers.
Filed 29 Oct 2026, 13:39 IST · Nilkamal Ltd (NILKAMAL)
Key takeaways
- Nilkamal reported consolidated operating profit of Rs 134.72 cr on revenue of Rs 1,125.85 cr in Q2FY27.
- The consolidated operating margin was 11.97%, 0.77 percentage points below the 12.74% median for 107 Consumer Discretionary peers.
- Consolidated net profit was Rs 67.83 cr after a tax rate of 25.53%, while other income was Rs 6.7 cr.
Price around the results
Q2FY27 operating profit came in at an 11.97% margin
Nilkamal generated Rs 134.72 cr of consolidated operating profit from Rs 1,125.85 cr of revenue in Q2FY27.
Interest and depreciation reduced the operating-profit conversion
Interest of Rs 9.81 cr and depreciation of Rs 40.5 cr brought profit before tax to Rs 91.09 cr. Other income was Rs 6.7 cr, so the reported pre-tax result was primarily generated below the operating line rather than by non-operating income. The tax charge was Rs 23.26 cr at a 25.53% tax rate, resulting in net profit of Rs 67.83 cr.
Margin was below the sector's reported median
Nilkamal's 11.97% operating margin was 0.77 percentage points below the 12.74% median among 107 Consumer Discretionary peers that had reported the same quarter. This places the company's reported operating profitability below the sector reference point for Q2FY27.
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 | ₹1,126 cr |
| Other income | ₹7 cr |
| Expenses | ₹991 cr |
| Operating profit | ₹135 cr |
| Operating margin (%) | 11.97% |
| Interest | ₹10 cr |
| Depreciation | ₹41 cr |
| Profit before tax | ₹91 cr |
| Tax | ₹23 cr |
| Net profit | ₹68 cr |
| EPS (₹) | ₹45.41 |
Operating margin of 11.97% compares with a Consumer Discretionary sector median of 12.74% across 107 peers that have reported Q2FY27.
How the stock reacted
| Window | Stock | vs NIFTY |
|---|---|---|
| Results day | -3.19% | -3.70% |
Volume on the results session was 2.98× its 20-day average.
What to watch
- Whether consolidated operating margin moves above or below 11.97%.
- Whether other income remains around Rs 6.7 cr or becomes more material to pre-tax profit.
- Whether the tax rate stays close to 25.53%.