Orient Bell Profit Surges 287% to ₹12.4 Crore in Q2 FY27 as Margins Expand

Key numbers

Market Cap	₹570.47 CrSmall Cap
P/E TTM	27.01Sector PE: 44.34
1-Year Return	35.58%Price Performance
Day RSI	57.57Neutral Zone

Key highlights

• Net profit surged 287.5% year-on-year to ₹12.4 crore from ₹3.2 crore in Q2-26
• Revenue from operations grew 38.8% to ₹229 crore compared to ₹165 crore in the same period last year
• Operating margins expanded to 7.1%, up from 2.4% in the year-ago quarter
• Profit before tax for the quarter stood at ₹16.4 crore, a 320% increase YoY
• Sequential net profit grew by 49.4% from ₹8.3 crore recorded in Q1-27

Revenue Growth and Margin Expansion

Orient Bell reported a robust increase in its top-line performance for the quarter ended September 30, 2026, with revenue from operations reaching ₹229 crore. This represents a 38.8% growth compared to the ₹165 crore generated in the corresponding quarter of the previous year. The company's operational efficiency saw a notable improvement, as operating margins climbed from 2.4% to 7.1% year-on-year.

This expansion in profitability was supported by steady demand in the ceramic tile segment, which remains the company's sole primary business focus. Total income for the period stood at ₹230 crore, including other income of ₹1.1 crore.

Comparative Financial Trends

• Quarterly net profit of ₹12.4 crore is the highest in over six quarters, surpassing the ₹6.22 crore reported in Q4 FY26
• The company has maintained a recovery trend since reporting a net loss of ₹0.37 crore in Q1 FY26
• Current price-to-earnings (P/E) ratio of 27.01 is lower than the industry average of 30.42
• Promoter holding remains substantial at 65.74% as of the latest filing
• Stock price has appreciated 35.58% over the last year, trading above its 200-day moving average of ₹330.75

Consolidated Operations and Segment Focus

The company’s consolidated results include the performance of its wholly-owned subsidiary, Cestrum Enterprises Private Limited, and associate entities Corial Ceramic Private Limited and Proton Granito Private Limited. Management confirmed that 'Ceramic Tiles and Allied Products' is the only reportable segment under Ind AS 108. The Board of Directors meeting to approve these results took place on November 13, 2026, between 12:02 P.M.

and 1:54 P.M. The company continues to operate through its retail and dealer network, as it does not maintain a traditional industrial bidding pipeline.

What to watch next

• Impact of festive season demand on Q3 FY27 ceramic tile sales
• Performance of associate companies Corial Ceramic and Proton Granito in the second half of the fiscal
• Publication of full financial results in national newspapers as per regulatory requirements
• Monitoring of raw material and fuel costs affecting manufacturing margins

Orient Bell · financial snapshot

Share price	₹389.4
Market capitalisation	₹570.47 Cr
Revenue (annual)	₹691.45 Cr
Net profit (annual)	₹12.43 Cr
Revenue (latest quarter)	₹203.82 Cr-5.04% vs previous quarter
Net profit (latest quarter)	₹8.32 Cr+33.71% vs previous quarter
P/E (TTM)	27.01×Sector 44.34×
Promoter holding	65.74%-0.18% QoQ
FII holding	0.32%Current quarter

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.