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.
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 item | Q2FY27 | Q1FY27 | QoQ |
|---|---|---|---|
| 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.