Cheviot Company (NSE:CHEVIOT) disclosed its unaudited standalone financial results for the quarter ended 30 June 2026 at a board meeting held on 5 August 2026. The company reported a net profit of Rs 4,529.15 lakhs, compared to Rs 2,871.08 lakhs in the same quarter of the previous year.
Key Highlights
- Revenue from operations for Q1 FY27 rose to Rs 17,055.16 lakhs, up from Rs 11,972.10 lakhs in Q1 FY26, representing a year-on-year increase of approximately 42%.
- Profit before tax for the quarter stood at Rs 5,540.67 lakhs, against Rs 3,598.53 lakhs in the corresponding quarter of the prior year.
- Basic and diluted earnings per share for Q1 FY27 were Rs 77.53, compared to Rs 49.15 in Q1 FY26, on a face value of Rs 10 per share.
- The statutory auditors issued a limited review report with an unmodified opinion on the unaudited results, as required under SEBI Listing Regulations.
About the Company
Cheviot Company Limited, listed on NSE under ticker CHEVIOT and headquartered at 24 Park Street, Celica House, Kolkata, West Bengal, is engaged in the manufacture and sale of jute goods. The company operates within a single primary business segment, jute goods, and has no subsidiary, associate, or joint venture as of 30 June 2026. It was incorporated in 1897 and carries CIN L65993WB1897PLC001409.
Announcement in Detail
The board of Cheviot Company Limited met on 5 August 2026, commencing at 11:00 a.m. and concluding at 12:05 p.m., to approve the unaudited standalone financial results for the quarter ended 30 June 2026 under Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Total income for the quarter was Rs 20,693.76 lakhs, inclusive of other income of Rs 3,638.60 lakhs.
Total expenses for the period were Rs 15,153.09 lakhs, with cost of materials consumed at Rs 11,706.86 lakhs forming the largest component. Other comprehensive income for the quarter, net of tax, was Rs 326.95 lakhs, bringing total comprehensive income to Rs 4,856.10 lakhs. The company noted that other income in Q4 FY26 was negative due to a loss on fair valuation of investments measured at fair value through profit and loss.
Impact on Investors
Investors will note that the quarter's net profit of Rs 4,529.15 lakhs represents a year-on-year increase of approximately 57.8% from Rs 2,871.08 lakhs in Q1 FY26. The filing shows paid-up ordinary share capital remains unchanged at Rs 584.19 lakhs, with other equity, excluding revaluation reserve, standing at Rs 58,957.81 lakhs as per the latest disclosed figures.
Shareholders will observe that the strong profit recovery from the loss-making Q4 FY26, which recorded a net loss of Rs 905.39 lakhs, was partly supported by a rebound in other income following the prior quarter's fair valuation losses on FVTPL investments. The disclosed terms indicate no exceptional items affected the quarter's results.
Sector / Market Context
India's jute industry operates under the Jute Packaging Materials (Compulsory Use in Packing Commodities) Act, 1987, which mandates the use of jute bags for packing food grains and sugar. According to the National Jute Board, India accounts for a significant share of global raw jute production, with West Bengal being the primary cultivation and processing hub. Regulatory mandates supporting jute usage continue to provide a structural demand base for manufacturers operating in this segment.