Consumer Discretionary · Q2FY27 · Consolidated

Weizmann margin falls 4.37 points as costs outrun revenue

Costs outpaced sales, while other income contributed 37.07% of pre-tax profit; the consolidated filing came after market close.

By Ashutosh

Filed 12 Nov 2026, 17:10 IST · after market close · Weizmann Ltd (WEIZMANIND)

Key takeaways

  • Revenue rose 9.01% QoQ, but expenses grew 14.36%, cutting operating margin by 4.37 percentage points.
  • Net profit fell 49.30% QoQ as the tax rate rose 11.07 percentage points and interest increased 27.27%.
  • At 6.55%, Weizmann’s operating margin was 4.68 percentage points below the 11.23% median for 329 reporting Consumer Discretionary peers.

Price around the results

Q2 revenue growth did not translate into profit growth

Weizmann’s consolidated revenue increased 9.01% QoQ to Rs 34.6 cr, but operating profit fell 34.58% to Rs 2.27 cr. Net profit declined 49.30% to Rs 0.72 cr, while EPS fell 50.00% to Rs 0.46. The results were filed after market close on 12 Nov 2026.

Costs and tax both weakened the quarter

Expenses grew 14.36% QoQ, faster than revenue, narrowing operating margin by 4.37 percentage points to 6.55%. Depreciation increased 21.93% and interest rose 27.27%, adding pressure below the operating line. The tax rate rose 11.07 percentage points to 38.31%, further reducing the conversion of pre-tax profit into net profit. Other income swung from negative Rs 0.27 cr in Q1FY27 to Rs 0.43 cr and accounted for 37.07% of pre-tax profit, making reported profit quality dependent on this non-operating contribution.

Margin trails the Consumer Discretionary peer median

Weizmann’s 6.55% operating margin was 4.68 percentage points below the 11.23% median among 329 Consumer Discretionary companies that had reported the quarter. The company ranked 89th from the bottom on this measure. Sequentially, this was a sharp reversal from the 10.92% margin in Q1FY27, although the available comparison is limited to the prior quarter.

Q2FY27 at a glance

Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.

Line itemQ2FY27Q1FY27QoQ
Revenue₹35 cr₹32 cr+9.01%
Other income₹0 cr₹-0 cr—
Expenses₹32 cr₹28 cr+14.36%
Operating profit₹2 cr₹3 cr-34.58%
Operating margin (%)6.55%10.92%—
Interest₹0 cr₹0 cr+27.27%
Depreciation₹1 cr₹1 cr+21.93%
Profit before tax₹1 cr₹2 cr-40.51%
Tax₹0 cr₹1 cr-15.09%
Net profit₹1 cr₹1 cr-49.30%
EPS (₹)₹0.46₹0.92-50.00%

Operating margin of 6.55% compares with a Consumer Discretionary sector median of 11.23% across 329 peers that have reported Q2FY27.

What to watch

  • Whether operating margin moves back above 6.55% after the 4.37-point QoQ decline.
  • Whether expense growth falls below the 14.36% QoQ pace against 9.01% revenue growth.
  • Whether other income remains a material share of pre-tax profit after contributing 37.07% in Q2FY27.