Cheviot Company Q1FY26 Net Profit Rises 8.3% YoY to ₹28.71 Cr as Revenue Surges 26.4%

Mumbai, 6 August 2025: Cheviot Company Ltd (NSE: CHEVIOT, BSE: 526817) reported a robust 8.3% year-on-year (YoY) growth in net profit, reaching ₹2,871.08 lakh in the quarter ended 30 June 2025 (Q1FY26), compared to ₹2,651.63 lakh in Q1FY25. This rise was primarily driven by strong growth in operational revenue and a stable cost structure. The company also saw a 15.6% YoY increase in total income, reaching ₹13,775.91 lakh, with notable contributions from both core operations and non-operating income.

Revenue From Operations Jumps 26.4% YoY to ₹11,972.10 Lakh on Strong Demand

Cheviot’s revenue from operations grew sharply by 26.4% YoY, climbing to ₹11,972.10 lakh in Q1FY26 from ₹9,471.76 lakh in the corresponding period last year. The jump reflects sustained demand for jute products in both domestic and export markets. However, on a quarter-on-quarter (QoQ) basis, operational revenue dropped 10.5%, down from ₹13,378.70 lakh in Q4FY25, due to seasonal and export cycle variations.

Net Profit Surges 208.5% QoQ to ₹2,871.08 Lakh Despite Higher Tax Outgo

While the YoY net profit growth stood at 8.3%, the QoQ jump was significant at 208.5%, rising from ₹930.66 lakh in Q4FY25 to ₹2,871.08 lakh in Q1FY26. This performance came even as the company absorbed a higher tax outgo of ₹727.45 lakh, up from ₹458.55 lakh in Q1FY25. The boost was supported by stable material costs and improved operational efficiency.

Other Income Declines 26.2% YoY to ₹1,803.81 Lakh, Impacted by Base Effect

Cheviot’s other income stood at ₹1,803.81 lakh, down 26.2% YoY compared to ₹2,443.78 lakh in Q1FY25. However, this was a turnaround from a negative base of ₹(553.27) lakh in Q4FY25, resulting in an overall 7.4% QoQ rise in total income. The bounce-back in non-operational revenue provided crucial support to overall profitability.

Total Expenses Rise 15.6% YoY to ₹10,177.38 Lakh on Higher Material Costs

Total expenditure during Q1FY26 reached ₹10,177.38 lakh, up 15.6% YoY, largely due to a sharp 18.5% increase in raw material costs to ₹6,688.70 lakh. Employee benefit expenses also grew 5.7% YoY to ₹1,934.97 lakh, while other expenses marginally declined to ₹1,875.32 lakh, reflecting tighter cost control.

Profit Before Tax Up 15.7% YoY at ₹3,598.53 Lakh; EPS Grows 11.5% YoY

Cheviot reported a profit before tax (PBT) of ₹3,598.53 lakh, a 15.7% YoY increase. The basic and diluted Earnings Per Share (EPS) improved to ₹49.15, compared to ₹44.07 in Q1FY25, representing an 11.5% rise, indicating continued shareholder value creation.

Total Comprehensive Income Rises 45.3% YoY to ₹3,961.08 Lakh on Back of Operating Gains

The company’s total comprehensive income for the quarter soared 45.3% YoY to ₹3,961.08 lakh, up from ₹2,726.51 lakh in Q1FY25. Sequentially, the growth was 97%, primarily due to the recovery in other income and operational leverage benefits.

Cheviot Co Ltd Share Price Rallies 2.47% to ₹1,227 Post Q1FY26 Results Announcement

Following the announcement of its Q1FY26 results, Cheviot Co Ltd’s stock climbed ₹29.60 or 2.47%, closing at ₹1,227 on the NSE at 3:30 PM IST on 6 August 2025. The stock opened at ₹1,208.70, touched an intraday high of ₹1,300, and a low of ₹1,181.10. The uptrend reflects investor optimism on the company’s resilient earnings and revenue performance.

Cheviot Company Ltd: A Market Leader in the Jute Manufacturing Sector

Headquartered in Kolkata, West Bengal, Cheviot Company Ltd is a prominent player in the jute manufacturing and export industry. The company is listed on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) under the ticker CHEVIOT. As of June 30, 2025, Cheviot has no subsidiaries, associates, or joint ventures and operates in a single segment: Jute Goods.

Management Attributes Growth to Revenue Momentum and Operational Stability

In the post-results commentary, Utkarsh Kanoria, Wholetime Director, noted that the performance was “supported by robust revenue from operations and recovery in other income.” The Board of Directors, during its meeting on 6 August 2025, approved the financial results, and the auditors Singhi & Co. issued a limited review report with an unmodified opinion, signalling confidence in financial transparency.

REF:https://nsearchives.nseindia.com/corporate/CHEVIOT_06082025125901_CCLoutcome.pdf

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REF:https://nsearchives.nseindia.com/corporate/CHEVIOT_06082025125901_CCLoutcome.pdf

Disclaimer:  At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations