RattanIndia's Q1 margin trails sector median by 11.16 points
The 2.14% consolidated operating margin came with Rs 18.77 cr of interest and a 47.56% tax rate.
Filed 05 Aug 2026, 15:05 IST · RattanIndia Enterprises Ltd (RTNINDIA)
Key takeaways
- Consolidated Q1FY27 operating margin was 2.14%, leaving RattanIndia 11.16 percentage points below the Consumer Discretionary median across 90 reported peers.
- Interest of Rs 18.77 cr and a 47.56% tax rate weighed on profit conversion, leaving EPS at Rs 0.11.
- Other income of Rs 9.98 cr formed a meaningful part of the Rs 28.1 cr consolidated profit before tax, making earnings quality a key read-through.
Price around the results
2.14% margin leaves RattanIndia near sector's lower end
RattanIndia reported a consolidated operating margin of 2.14% in Q1FY27, 11.16 percentage points below the median for 90 Consumer Discretionary peers. It ranked seventh from the bottom, making the operating shortfall more notable than the margin figure alone.
Interest and tax diluted operating earnings
Operating profit of Rs 40.06 cr was reduced by interest of Rs 18.77 cr and depreciation of Rs 3.17 cr before tax. The 47.56% tax rate further limited the conversion of the Rs 28.1 cr profit before tax into net profit.
Other income was material to reported profit
Other income of Rs 9.98 cr was a meaningful component of the Rs 28.1 cr profit before tax, so earnings were not solely operating-led. Net profit was Rs 14.73 cr, with EPS at Rs 0.11.
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 | ₹1,870 cr |
| Other income | ₹10 cr |
| Expenses | ₹1,830 cr |
| Operating profit | ₹40 cr |
| Operating margin (%) | 2.14% |
| Interest | ₹19 cr |
| Depreciation | ₹3 cr |
| Profit before tax | ₹28 cr |
| Tax | ₹13 cr |
| Net profit | ₹15 cr |
| EPS (₹) | ₹0.11 |
Operating margin of 2.14% compares with a Consumer Discretionary sector median of 13.30% across 90 peers that have reported Q1FY27.
What to watch
- Whether consolidated operating margin moves up from 2.14%.
- Whether interest expense stays below Rs 18.77 cr.
- Whether other income remains a meaningful part of profit before tax versus Rs 9.98 cr and Rs 28.1 cr.