Gujarat Craft Industries Q2 Results: Revenue Hits Rs 52.60 Crore

Revenue for Q2 FY27 stood at Rs 52.60 crore; Net profit came in at Rs 0.13 crore.

Reader Takeaway: Revenue is growing, but profitability remains under pressure due to cost challenges; monitor margin recovery trends.

What just happened

Gujarat Craft Industries Ltd released its unaudited financial results for the quarter ended September 30, 2026. The company recorded a top-line growth of 18.2% compared to the previous quarter (Q1 FY27: Rs 43.89 crore). Revenue also outperformed the year-ago period (Q2 FY26: Rs 44.49 crore).

Why this matters

Despite the healthy revenue expansion, the company's net profit shows a significant year-on-year compression. Net profit fell to Rs 0.13 crore from Rs 0.53 crore in the same quarter last year. While profit has improved sequentially from Rs 0.06 crore, the broader trend suggests rising input or operational costs are limiting the conversion of revenue into bottom-line gains.

Financial Breakdown

The firm operates exclusively in the Plastic Packing Material segment. Auditors Kantilal Patel & Co. issued an unqualified review report for these results, confirming that the financial statements were prepared in compliance with regulatory standards. The basic Earnings Per Share (EPS) for the quarter stands at Rs 0.26, recovering from Rs 0.12 in Q1 but remaining well below the Rs 1.08 reported in Q2 of the previous fiscal year.

What to track next

Investors should focus on management's ability to optimize cost structures. Future filings will need to clarify if the recent revenue growth is sustainable and whether the company can stabilize or expand its profit margins in subsequent quarters.