StockWatch
·

KDDL LTD.-$

BSE: 532054

P/L Snapshot

Q1 FY27 · standalone

vs Q4 FY26·vs Q1 FY26
Revenue
154.38
+6.3%+34.4%
Expenditure
128.14
+8.0%+29.4%
Net Profit
19.51
-1.4%+63.9%
OPM %
22.91%
-3.28pp+4.15pp

Shareholding

Pattern breakdown

P/L Trends

(in crores)

RevenueExpenditureNet Profit
0.0043.2386.45129.68172.91Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q3 FY26Q4 FY26Q1 FY27
Price Chart
Reports

KDDL: consolidated PAT +51% YoY to ₹44.8 Cr, revenue +36%, margins expand in Q1 FY27

watches · precision engineering · margin expansion

ResultsQ1 FY2704 Aug 20263 minConsumer & Retail
Latest
Board Meeting4 Aug, 7:31 pm

KDDL: consolidated PAT +51% YoY to ₹44.8 Cr, revenue +36%, margins expand in Q1 FY27

KDDL's Q1 FY27 print is strong on a year-on-year basis: consolidated PAT (profit for the period, before minority interest) rose 50.7% YoY to ₹44.75 Cr on revenue of ₹633.80 Cr, up 36.3% YoY (sequentially, +29.6% QoQ PAT and +10.2% QoQ revenue off Q4 FY26). Consolidated NPM expanded to 6.92% from 6.23% a year ago and OPM to 15.02% from 14.74%, so the growth came with margin gains, not just volume. There is no formal analyst consensus on record for this quarter — KDDL carries thin sell-side coverage — so vsStreet is unknown; no press release accompanied this filing, so this read is drawn from the regulatory statement and prior concall commentary only. Growth was broad-based across both reporting segments. The Watches, Accessories & Luxury segment (built around Ethos Ltd and Favre Leuba) grew revenue 34.3% YoY to ₹466.55 Cr and remains ~74% of the consolidated top line, while Precision & Watch Components grew a faster 43.9% YoY to ₹160.72 Cr on a consolidated basis. On a standalone basis (largely the Precision Engineering and Bracelets businesses management explicitly guided on), revenue grew 39.8% YoY to ₹153.89 Cr — well ahead of the 20-25% CAGR flagged for FY27 in the May 2026 concall — and standalone OPM expanded to 22.91% from 18.76% a year ago, consistent with the 'stable to improving, mix-dependent' margin guidance given then. Standalone margins did ease sequentially (OPM 22.91% vs 26.19% in Q4 FY26; PAT down 1.4% QoQ to ₹19.51 Cr), but that's a normal quarter-to-quarter wobble and secondary to the YoY read. Two guidance markers remain unresolved this quarter: Ornapac, the packaging unit reported under the 'Others' segment, stayed loss-making at -₹1.06 Cr (vs -₹0.83 Cr a year ago) — management's H2 FY27 profitability target isn't yet due, so this is on-track rather than a miss. The planned ₹50 Cr FY27 capex and Favre Leuba's 'more than double sales' target aren't verifiable from this filing, which carries no capex or brand-level disclosure. Within the quarter the board also saw a director resignation (22 June 2026, cited as time constraints) and had earlier approved an ₹8/share FY26 final dividend (19 May 2026) — neither tied to operating performance. One quality note: owners'-share PAT (and EPS, ₹23.87 vs ₹16.61 YoY) grew a slower-but-still-strong 43.7% YoY, below the 50.7% headline consolidated PAT growth, as NCI's share of profit rose to 34.4% from 31.2% a year ago. Going into Q2 FY27, KDDL is compounding revenue faster than its own standalone guidance while the retail/luxury arm keeps growing off a larger base — watch items are whether Ornapac's H2 profitability target holds, whether NCI's share of consolidated profit keeps climbing, and whether standalone margins recover from the Q4-to-Q1 dip.

4 Aug 2026, 07:31 pm

Corporate Events

Board MeetingKDDL
2026
15Sep

Board Meeting

The Annual General Meeting (AGM) will be held on September 1…

BSE Filing
DividendKDDL
2026
8Sep

₹8 / share

BSE Filing
Board MeetingKDDL
2026
4Aug

Board Meeting

The meeting of the Board of Directors of the Company is sche…

BSE Filing
Board MeetingKDDL
2025
10Nov

Board Meeting

Update on board meeting, consider and approve the Unaudited …

BSE Filing
Board MeetingKDDL
2024
11Nov

Board Meeting

Consider and approve Unaudited Financial Results (Standalone…

BSE Filing
Board MeetingKDDL
2024
14Aug

Board Meeting

Consider and approve Unaudited Financial Results (Standalone…

BSE Filing
Board MeetingKDDL
2024
14May

Board Meeting

consider and approve Audited Financial Results, recommendati…

BSE Filing
Board MeetingKDDL
2024
14Feb

Board Meeting

Consider and approve Unaudited Financial Results (Standalone…

BSE Filing
Board MeetingKDDL
2024
18Jan

Board Meeting

Consideration and Approval of Interim Dividend

BSE Filing
Board MeetingKDDL
2023
12Aug

Board Meeting

Consider and approve the Unaudited Financial Results (Standa…

BSE Filing