Cello World Q2 Revenue Up 7.8% YoY

Cello World Limited announced its unaudited financial results for Q2 FY27 and H1 FY27 ended September 30, 2026.

Quarterly Performance (Q2 FY27 vs Q2 FY26):

Revenue from Operations: ₹633.2 crores (up 7.8% YoY from ₹587.4 crores)
Gross Profit: ₹318.1 crores (up 9.3% YoY from ₹291.1 crores)
Gross Profit Margin: 50.2% (up from 49.5%)
EBITDA: ₹135.0 crores (down 4.4% YoY from ₹141.3 crores)
EBITDA Margin: 21.3% (down from 24.0%)
Profit Before Tax: ₹110.4 crores (down 9.0% YoY from ₹121.3 crores)
Reported PAT: ₹81.9 crores (down 10.3% YoY from ₹91.3 crores)
PAT Margin: 12.9% (down from 15.5%)

Half-Yearly Performance (H1 FY27 vs H1 FY26):

Revenue from Operations: ₹1,159.9 crores (up 3.9% YoY from ₹1,116.5 crores)
Gross Profit: ₹594.2 crores (up 3.2% YoY from ₹576.6 crores)
Gross Profit Margin: 51.2% (down from 51.6%)
EBITDA: ₹252.2 crores (down 5.8% YoY from ₹267.6 crores)
EBITDA Margin: 21.7% (down from 24.0%)
Profit Before Tax: ₹205.1 crores (down 10.4% YoY from ₹228.8 crores)
Reported PAT: ₹155.3 crores (down 9.7% YoY from ₹172.0 crores)
PAT Margin: 13.4% (down from 15.4%)

Q2 FY27 vs Q2 FY26:

Consumer Ware: ₹417.2 crores (down 1.2% from ₹422.2 crores)
Writing Instruments: ₹137.2 crores (up 69.5% from ₹81.0 crores)
Moulded Furniture and Allied Products: ₹78.8 crores (down 6.5% from ₹84.3 crores)

H1 FY27 vs H1 FY26:

Consumer Ware: ₹751.9 crores (down 4.5% from ₹787.6 crores)
Writing Instruments: ₹249.1 crores (up 61.1% from ₹154.6 crores)
Moulded Furniture and Allied Products: ₹158.8 crores (down 8.8% from ₹174.2 crores)

Q2 FY27 vs Q2 FY26:

Consumer Ware: ₹217.1 crores (up 2.4% from ₹212.0 crores)
Writing Instruments: ₹70.7 crores (up 58.8% from ₹44.5 crores)
Moulded Furniture and Allied Products: ₹30.3 crores (down 12.3% from ₹34.5 crores)

H1 FY27 vs H1 FY26:

Consumer Ware: ₹401.3 crores (down 3.9% from ₹417.4 crores)
Writing Instruments: ₹131.0 crores (up 49.0% from ₹87.9 crores)
Moulded Furniture and Allied Products: ₹61.9 crores (down 13.2% from ₹71.3 crores)

Mr. Pradeep Rathod, Chairman & Managing Director, commented on the results:

Revenue growth of 7.8% YoY in Q2 FY27 and 20.2% QoQ
Festive season falling later this year shifted seasonal and institutional gifting demand from Q2 to Q3 FY27
Input costs remained elevated due to West Asia conflict driving up prices of polymers, fuel, gas and packaging materials
Gross margin improved by approximately 70 bps YoY to 50.2% primarily driven by favourable product mix
Operating environment remained competitive with low-priced imports exerting pressure across certain product categories
Writing Instruments delivered strong growth led by the Cello brand
In-house steel bottle manufacturing facility in Rajasthan progressing towards ramp-up phase
Expect production to scale up steadily through H2 FY27 with gradual expansion of SKU portfolio
Key priorities: enhancing operational efficiencies, rationalising product portfolio, improving capacity utilisation, deepening market penetration, maintaining disciplined working capital management
H2 is seasonally stronger half, with portion of festive demand shifting into Q3, expecting business performance to improve

Cello World Limited is a prominent player in the consumerware market in India with presence in:

Operational highlights:

14 manufacturing facilities across six locations in India
Strong PAN India distribution network with 5,000+ distributors and 1,80,000+ retailers
Well-established brand name and strong market positions
Track record of scaling up new businesses and product categories

Future focus areas: