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Brand Concepts Q2 FY27 results: net profit down 57.3% to ₹1 crore, revenue down 1.4%
Brand Concepts Limited reported standalone revenue of ₹96.21 crore in Q2 FY27, down 1.4% from a year earlier but up 20.9% from Q1 FY27. Net profit for the quarter was ₹1 crore and EPS was ₹0.80, against a net loss of ₹2.90 crore in the previous quarter.
Key points
- Standalone revenue was ₹96.21 crore in Q2 FY27, down 1.4% from ₹97.62 crore in Q2 FY26.
- EBITDA was ₹9.75 crore, down 11.4% from ₹11 crore, with margin at 10.1% against 11.3%.
- The company reported a net profit of ₹1 crore and EPS of ₹0.80, against a net loss of ₹2.90 crore in Q1 FY27.
- For H1 FY27, revenue rose 3.8% to ₹175.77 crore, while net loss widened to ₹1.90 crore from ₹0.38 crore.
- Total borrowings rose to ₹142.36 crore from ₹135.44 crore, while cash was ₹0.26 crore.
How did Brand Concepts perform in Q2 FY27?
Brand Concepts Limited reported standalone revenue of ₹96.21 crore for Q2 FY27, down 1.4% from ₹97.62 crore in Q2 FY26. Against Q1 FY27, revenue was up 20.9% from ₹79.57 crore. Total income was ₹96.96 crore, down 1.0% from the year-ago quarter and up 20.1% from the previous quarter. The figures are on a standalone basis; the board also approved consolidated results for the quarter and half year ended 30 September 2026.
EBITDA for the quarter was ₹9.75 crore, down 11.4% from ₹11 crore in Q2 FY26, and the EBITDA margin was 10.1% against 11.3%. Sequentially, EBITDA rose 132.1% from ₹4.20 crore in Q1 FY27, while margin improved 4.8 percentage points from 5.3%. Profit before tax was ₹1.35 crore, against ₹2.64 crore a year earlier and a loss of ₹3.16 crore in the previous quarter.
After tax of ₹0.35 crore, the company reported a net profit of ₹1 crore for Q2 FY27, against ₹2.34 crore in Q2 FY26 and a net loss of ₹2.90 crore in Q1 FY27. Basic EPS was ₹0.80, compared with ₹1.88 a year earlier and a loss of ₹2.33 in the previous quarter. The profit margin was 1.0%, against 2.4% a year earlier.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 96.21 | 79.57 | 97.62 | −1.4% | +20.9% |
| Other income | 0.75 | 1.14 | 0.34 | +120.6% | −34.2% |
| Total expenses | 95.61 | 83.86 | 95.31 | +0.3% | +14.0% |
| EBITDA | 9.75 | 4.20 | 11 | −11.4% | +132.1% |
| EBITDA margin | 10.1% | 5.3% | 11.3% | −1.2 pp | +4.8 pp |
| Profit before tax | 1.35 | −3.16 | 2.64 | −48.9% | turned to profit |
| Tax | 0.35 | −0.26 | 0.31 | +12.9% | |
| Net profit | 1 | −2.90 | 2.34 | −57.3% | turned to profit |
| EPS (₹) | 0.80 | −2.33 | 1.88 | −57.4% | turned to profit |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Brand Concepts' costs and profit?
Total expenses rose 0.3% to ₹95.61 crore from ₹95.31 crore in Q2 FY26, while revenue fell 1.4%. Cost of materials declined 12.5% to ₹13.45 crore, other expenses fell 2.7% to ₹28.37 crore and depreciation fell 12.6% to ₹4.04 crore. Employee cost rose 7.5% to ₹13.78 crore and finance costs rose 25.3% to ₹5.10 crore, the largest increase among the cost lines.
Other income rose 120.6% to ₹0.75 crore from ₹0.34 crore, and there was no exceptional item. Tax was ₹0.35 crore against ₹0.31 crore a year earlier. These movements left EBITDA lower and profit before tax at ₹1.35 crore against ₹2.64 crore in Q2 FY26. The filing does not state reasons for the changes in the cost lines or other income.
Against Q1 FY27, total expenses rose 14.0% to ₹95.61 crore from ₹83.86 crore, led by other expenses at ₹28.37 crore, up 13.4%, and employee cost at ₹13.78 crore, up 12.8%. Finance costs rose 12.3% to ₹5.10 crore, while other income fell 34.2% to ₹0.75 crore from ₹1.14 crore. There was no exceptional item in either quarter.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 13.45 | 15.38 | −1.93 | −12.5% |
| Employee cost | 13.78 | 12.82 | +0.96 | +7.5% |
| Finance costs | 5.10 | 4.07 | +1.03 | +25.3% |
| Depreciation | 4.04 | 4.62 | −0.58 | −12.6% |
| Other expenses | 28.37 | 29.15 | −0.78 | −2.7% |
| Total expenses | 95.61 | 95.31 | +0.30 | +0.3% |
| Other income | 0.75 | 0.34 | +0.41 | +120.6% |
| Tax | 0.35 | 0.31 | +0.04 | +12.9% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For the first half of FY27, Brand Concepts reported standalone revenue of ₹175.77 crore, up 3.8% from ₹169.31 crore in H1 FY26. Total income rose 4.4% to ₹177.66 crore from ₹170.22 crore. The period covered April to September 2026.
Profit before tax widened to a loss of ₹1.81 crore from a loss of ₹0.41 crore in H1 FY26, a difference of ₹1.40 crore. After tax, the net loss widened to ₹1.90 crore from ₹0.38 crore, and EPS was a loss of ₹1.52 against a loss of ₹0.31. The figures are standalone.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 175.77 | 169.31 | +3.8% |
| Profit before tax | −1.81 | −0.41 | |
| Net profit | −1.90 | −0.38 | |
| EPS (₹) | −1.52 | −0.31 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹377.05 crore against ₹362.45 crore at 31 March 2026, and total equity was ₹88.69 crore against ₹83.06 crore. Inventories fell to ₹125.52 crore from ₹127.68 crore, trade receivables rose to ₹107.89 crore from ₹98.74 crore, and trade payables rose to ₹72.86 crore from ₹70.41 crore.
Borrowings rose to ₹142.36 crore from ₹135.44 crore, while cash was ₹0.26 crore against ₹0.11 crore. For H1 FY27, operating cash flow was ₹1.12 crore against an outflow of ₹18.44 crore in H1 FY26. Investing cash flow was an outflow of ₹2.69 crore against ₹18.02 crore, financing cash flow was an inflow of ₹1.73 crore against ₹36.48 crore, and capital expenditure was ₹3.21 crore against ₹18.32 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 377.05 | 362.45 |
| Total equity | 88.69 | 83.06 |
| Borrowings | 142.36 | 135.44 |
| Cash and equivalents | 0.26 | 0.11 |
| Inventories | 125.52 | 127.68 |
| Trade receivables | 107.89 | 98.74 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 1.12 | −18.44 |
| Cash from investing | −2.69 | −18.02 |
| Cash from financing | 1.73 | 36.48 |
| Capital expenditure | 3.21 | 18.32 |
Source: Company's results filing (XBRL).
How has Brand Concepts done over the last 8 quarters?
Revenue over the last eight quarters peaked at ₹97.62 crore in Q2 FY26 and bottomed at ₹65.91 crore in Q4 FY25. In Q2 FY27, revenue of ₹96.21 crore was higher than the ₹79.57 crore recorded in Q1 FY27, while EBITDA margin recovered to 10.1% from 5.3%.
Net profit over the same period peaked at ₹2.34 crore in Q2 FY26 and bottomed at a loss of ₹2.90 crore in Q1 FY27. The company returned to a net profit of ₹1 crore in Q2 FY27. The EBITDA margin was highest at 11.3% in Q2 FY26 and lowest at 4.2% in Q1 FY26.
How did Brand Concepts shares react?
The filing appeared during market hours. From the price when the filing appeared, the stock was up 1.7% after 15 minutes, up 0.1% after 30 minutes and unchanged after five minutes, with a base price of ₹138.00 against a prior close of ₹134.30. Data for the reaction day and later closes was not available.
Earlier results days saw moves of -4.1% on 13 August 2026, -8.4% on 20 May 2026, -0.9% on 16 January 2026 and -1.2% on 7 November 2025. Earlier reactions also included +2.1% on 12 August 2025, -2.2% on 15 May 2025, +2.2% on 10 February 2025 and -6.7% on 9 November 2024. An industry median comparison was not available for this result.
| After the filing | Stock |
|---|---|
| 5 minutes | +0.0% |
| 15 minutes | +1.7% |
| 30 minutes | +0.1% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 13 August 2026 | −4.1% |
| 20 May 2026 | −8.4% |
| 16 January 2026 | −0.9% |
| 7 November 2025 | −1.2% |
| 12 August 2025 | +2.1% |
| 15 May 2025 | −2.2% |
| 10 February 2025 | +2.2% |
| 9 November 2024 | −6.7% |
Source: MarketPing price-reaction measurement.
How did other Speciality Retail companies do?
Twelve other Speciality Retail companies have filed for this quarter, with a median revenue growth of 18.8%. Brand Concepts' revenue fell 1.4%, and nine peers grew faster than the company while three grew slower. Seven of the ten peers with comparable profit data reported higher profit.
| Brand Concepts revenue growth (YoY) | −1.4% |
|---|---|
| Median of 12 other Speciality Retail companies | +18.8% |
| Companies with slower revenue growth than Brand Concepts | 3 of 12 |
| Companies with faster revenue growth than Brand Concepts | 9 of 12 |
| Companies whose net profit rose | 7 of 10 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Brand Concepts' revenue in Q2 FY27?
Revenue from operations was ₹96.21 crore, down 1.4% from ₹97.62 crore in Q2 FY26 (standalone).
Did Brand Concepts make a profit in Q2 FY27?
Yes. Net profit was ₹1 crore, against a net profit of ₹2.34 crore in Q2 FY26.
What was Brand Concepts' EPS in Q2 FY27?
Basic earnings per share were ₹0.80, against ₹1.88 in Q2 FY26.
When did Brand Concepts announce its Q2 FY27 results?
On 5 November 2026, in a filing to the NSE.
Sources
- Board Meeting Intimation for Unaudited Financial Results Standalone & Consolidated For The Quarter And Half Year Ended 30Th September, 2026. (BSE, 30 October 2026) · PDF
- Outcome of Board Meeting (NSE, 5 November 2026) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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