The improvement of combustion stability is very important because it is closely related to the exhaust emission concentrations as well as the fuel consumption during the cold start of SI engine. In our previous studies, the spark and exhaust valve timings were retarded individually from the baseline case to increase the exhaust gas temperature far fast warmup of a close-coupled catalyst. In the study, it was found that combustion stability during cold start becomes worse when the valve timing is retarded from the baseline conditions. The spark and valve timings were simultaneously changed from the baseline conditions to find out the variation of combustion stability during cold start of an Sl engine. Through the study. retarded spark timing by $5^{circ}$ CA helps improvement of $COV_{imep}$ by $2\%$ and $15^{circ}C$ increase of exhaust temperature. Retarded exhaust valve timing makes the exhaust gas temperature increase by $30^{circ}C$, but it also deteriorates the $COV_{imep}$ by $1\%$.