Weizmann FY26 profit falls 13%, board recommends dividend
Weizmann Limited reported a 12.95% decline in standalone net profit to ₹697 crore for FY26, despite an 8.05% increase in revenue to ₹12,668.91 crore. The board recommended a final dividend of ₹0.50 per share, while consolidated results showed a recovery to a net profit of ₹591.30 crore from a loss in the previous year.
*this image is generated using AI for illustrative purposes only.
Weizmann Limited reported a decline in financial performance for the year ended March 31, 2026, with standalone net profit falling 12.95% to ₹697 crore from ₹800.97 crore in the previous year. Revenue from operations for the period increased 8.05% to ₹12,668.91 crore, compared to ₹11,724.53 crore in FY25. The board of directors recommended a final dividend of ₹0.50 per equity share of ₹10 each, pending approval by shareholders at the upcoming Annual General Meeting.
The board, in its meeting held on May 28, 2026, adopted the audited financial results for the quarter and year ended March 31, 2026. The audit was conducted by Batliboi & Purohit, Chartered Accountants, who issued an unmodified opinion on the standalone and consolidated financial results. The report confirmed compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company operates primarily in the processing and manufacture of textiles, which constitutes its sole business segment under Ind-AS 108.
Financial Performance
The company's total income for FY26 stood at ₹12,701.26 crore, up from ₹11,751.66 crore in the prior year. Total expenses rose to ₹11,761.78 crore from ₹10,630.33 crore. Profit before tax for the year decreased to ₹939.48 crore from ₹1,121.33 crore in FY25. For the quarter ended March 31, 2026, the company recorded a net profit of ₹58.88 crore, a significant drop from ₹231.89 crore in the same quarter of the previous year.
| Metric (₹ in Lakhs) | FY26 | FY25 |
|---|---|---|
| Revenue from Operations | 12,668.91 | 11,724.53 |
| Total Income | 12,701.26 | 11,751.66 |
| Total Expenses | 11,761.78 | 10,630.33 |
| Profit Before Tax | 939.48 | 1,121.33 |
| Net Profit | 697.00 | 800.97 |
| Earnings Per Share (Basic) | 4.50 | 5.17 |
Consolidated Results
On a consolidated basis, the group reported a net profit of ₹591.30 crore for FY26, recovering from a net loss of ₹359.60 crore in the previous year. The consolidated results include the financial performance of associate company Windia Infrastructure Finance Limited. The group's total comprehensive income for the year stood at ₹594.76 crore. The board noted that the figures for the quarter ended March 31, 2026, were derived as balancing figures between audited annual results and unaudited year-to-date figures for the third quarter.
The company accounted for the incremental impact of new Labour Codes on retiral benefits under employee costs for the year ended March 31, 2026. Management stated it will continue to monitor developments regarding the rules to be notified by regulatory authorities and assess accounting implications accordingly. The paid-up equity share capital remained unchanged at ₹1,549.39 crore.
Historical Stock Returns for Weizmann
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.12% | -0.95% | -1.06% | -20.85% | -30.45% | +54.62% |
What specific factors drove the sharp decline in standalone net profit despite an increase in revenue?
How will the implementation of the new Labour Codes impact the company's employee costs and profitability in the coming years?
What strategic initiatives will Weizmann Limited undertake to improve its standalone profit margins in FY27?
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