India · Delayed Price · Currency is INR Patanjali Foods Earnings Call Transcripts
Fiscal Year 2026
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FY 2026 saw record revenue above INR 40,000 crore, double-digit growth in edible oil and FMCG, and strong EBITDA margins. Guidance for FY 2027 includes 3%-5% edible oil volume growth, 8%-10% foods growth, and over 18% HPC margins, with continued resilience amid input cost volatility.
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Q3 FY26 saw record revenue and strong growth across FMCG and edible oil segments, with margins shifting toward higher-value categories. GST reforms, festive demand, and expanded distribution drove performance, while management guides for continued growth and margin improvement.
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Record revenue and EBITDA achieved in Q2 and H1 FY26, with strong FMCG and oil palm growth offsetting edible oil volume declines due to price spikes. GST 2.0 transition caused short-term disruption but is expected to drive future volume growth, while working capital borrowings increased.
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Q1 FY 2026 revenue grew 24% year-on-year to INR 8,900 crores, with strong rural demand and early urban recovery. Edible oil and HPC segments showed robust growth, while food/FMCG faced margin pressure from high input costs and government interventions. Double-digit EBITDA margin targeted for FMCG.
Fiscal Year 2025
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Q4 FY25 saw record revenue and profitability, driven by strong edible oil and HPC performance, despite margin pressures from high commodity costs. The company targets 15% annual growth in HPC and expects food/FMCG recovery with improved margins as inflation moderates.
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Q3 FY25 delivered record revenue and strong profit growth, driven by the integration of the HPC business and resilient performance in key FMCG segments, despite margin pressures from high input costs and subdued urban demand. Edible oil margins benefited from one-off inventory gains, while food margins were impacted by rice price volatility and increased ad spend.
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Q2 FY25 saw strong double-digit EBITDA and PAT growth, with revenue at INR 8,154.19 crores and robust segmental performance despite raw material inflation and challenging market conditions. The company is expanding its premium and digital channels, integrating the HPC business, and expects improved H2 performance.
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Q1 FY25 saw strong revenue and EBITDA growth, with PAT nearly tripling year-over-year. Edible oil margins rebounded, food and FMCG margins were impacted by inventory and heat, but recovery is expected. Acquisition of the HPC business and palm plantation expansion are key growth drivers.