Cello World Q2 FY27 Results: Consolidated Net Profit ₹81.91 Crore on Total Income of ₹646 Crore
- Earnings
- Consumer products
Reviewed byKeshav SehgalBlacklitt Research
Cello World (NSE: CELLO) reported consolidated total income of ₹646.43 crore and net profit of ₹81.91 crore for the quarter ended 30 Sep 2026, it said in a filing on 05 Nov 2026. Standalone total income was ₹333.23 crore and net profit ₹46.90 crore for the same quarter.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹646.43 crore, up 7.6% YoY and 19.6% QoQ
- Net profit and EPS: ₹81.91 crore, down 10.3% YoY and up 11.6% QoQ; basic EPS ₹3.63
- Depreciation: ₹24.10 crore, up 23.6% YoY from ₹19.50 crore
Standalone
The company on its own, without its subsidiaries
- Total income: ₹333.23 crore, up 14.4% YoY and 22.7% QoQ
- Net profit and EPS: ₹46.90 crore, up 129.7% YoY; basic EPS ₹2.08 against ₹0.91
- Other income: ₹44.92 crore, up 184.8% YoY and 13.5% of total income
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 646.43 | 601.04 | +7.6% | 540.45 | +19.6% | |
| Revenue from operations | 633.20 | 597.41 | +6.0% | 526.72 | +20.2% |
| Other income | 13.23 | 13.60 | -2.7% | 17.74 | -25.4% |
| 81.91 | 91.33 | -10.3% | 73.40 | +11.6% | |
| Profit before tax | 110.81 | 121.28 | -8.6% | 98.69 | +12.3% |
| Finance costs | 0.53 | 0.48 | +9.4% | 0.57 | -8.1% |
| Depreciation | 24.10 | 19.50 | +23.6% | 21.85 | +10.3% |
| Tax expense | 28.50 | 29.95 | -4.8% | 21.29 | +33.8% |
| Net profit margin | 12.67% | 15.19% | -2.52 pp | 13.58% | -0.91 pp |
| EPS, basic (₹) | 3.63 | 4.05 | -10.4% | 3.25 | +11.7% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Consolidated net profit fell 10.3% YoY while total income rose 7.6%, so the margin narrowed to 12.67% from 15.19%. Profit before tax fell 8.6%, and tax expense of ₹28.50 crore was 25.7% of profit before tax, against ₹29.95 crore a year earlier.
Revenue from operations rose 6.0% YoY to ₹633.20 crore, while other income fell 2.7% to ₹13.23 crore, about 11.9% of profit before tax. Depreciation rose 23.6% to ₹24.10 crore, and finance costs were small at ₹0.53 crore, 0.1% of total income.
Against the quarter before, net profit rose 11.6%, slower than total income's 19.6%.
The six-month statement shows a consolidated exceptional item of ₹7.44 crore labelled Impact of Labour Codes. The quarter figures are shown as nil, and the filing does not say which period the item relates to.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 333.23 | 291.39 | +14.4% | 271.67 | +22.7% | |
| Revenue from operations | 288.31 | 275.62 | +4.6% | 257.15 | +12.1% |
| Other income | 44.92 | 15.77 | +184.8% | 14.52 | +209.4% |
| 46.90 | 20.41 | +129.7% | 16.86 | +178.2% | |
| Profit before tax | 53.00 | 27.54 | +92.5% | 21.06 | +151.7% |
| Finance costs | 0.08 | 0.42 | -80.1% | 0.08 | -0.4% |
| Depreciation | 0.92 | 1.01 | -9.2% | 0.86 | +6.5% |
| Tax expense | 6.10 | 7.12 | -14.4% | 4.20 | +45.2% |
| Net profit margin | 14.07% | 7.01% | +7.07 pp | 6.20% | +7.87 pp |
| EPS, basic (₹) | 2.08 | 0.91 | +128.6% | 0.75 | +177.3% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit rose 129.7% YoY to ₹46.90 crore, faster than total income's 14.4%. The increase sits alongside other income of ₹44.92 crore, up from ₹15.77 crore, which is 84.8% of standalone profit before tax of ₹53.00 crore.
Revenue from operations rose only 4.6% YoY to ₹288.31 crore. Finance costs fell 80.1% to ₹0.08 crore, and tax expense fell 14.4% to ₹6.10 crore, 11.5% of profit before tax.
Standalone net profit rose 178.2% against the quarter before, when other income was ₹14.52 crore. The company says the scheme was effective from April 1, 2025 and that comparatives have been restated, including EPS.
Inference
The company's results note a composite scheme of arrangement with WimPlast Limited and Cello Consumer Products Private Limited, sanctioned by the NCLT Ahmedabad Bench on May 14, 2026. The company allotted 46,53,239 fully paid-up equity shares of ₹5 each to WimPlast shareholders with effect from June 09, 2026, and the filing states that the share allotment is the consideration under the scheme.
The board approved the results on Nov 05, 2026. The statutory auditor, Deloitte Haskins & Sells LLP, issued limited review reports without modification, but the consolidated report excludes the review of 12 subsidiaries with total revenues of ₹521.80 crore for the quarter. Whether those figures change the consolidated results is not stated, and the filing does not give the reason for the rise in standalone other income.
Filed with BSE on . Reference: Original filing (PDF)
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