Board Meeting Details

The Board of Directors meeting was held on Monday, November 02, 2026, through Video Conferencing hosted at the Registered Office. The meeting commenced at 04:30 PM IST and concluded at 5:40 PM IST.

Key Approvals

1. Unaudited Standalone Financial Results: Approved the unaudited standalone financial results for the quarter and half year ended September 30, 2026, as reviewed and recommended by the Audit Committee.

2. Limited Review Report: Approved the Limited Review Report issued by M/s. Maheshwari & Co., Chartered Accountants, the Statutory Auditors of the Company.

3. Interim Dividend: Declared a First Interim Dividend of ₹0.50 per share (50%) on equity shares of face value of ₹1.00 each for FY 2026-27. The dividend will be paid on or before November 30, 2026.

4. Record Date: Fixed Friday, November 6, 2026 as the Record Date to determine eligible members for dividend payment, pursuant to Regulation 42 of SEBI LODR Regulations.

Financial Results Overview (₹ in millions)

Quarter Ended September 30, 2026:

  • Revenue from operations: ₹4,573.22
  • Other operating income: ₹42.18
  • Total revenue from operations: ₹4,615.40
  • Other income: ₹1.08
  • Total income: ₹4,616.48
  • Total expenses: ₹4,357.41
  • Profit before exceptional items and tax: ₹259.07
  • Exceptional items gain: ₹353.17 (related to insurance claim)
  • Profit before tax: ₹612.24
  • Tax expense: ₹153.68 (Current: ₹63.30, Deferred: ₹90.38)
  • Net profit: ₹458.56
  • Other comprehensive income: ₹7.72
  • Total comprehensive income: ₹466.28
  • Basic and diluted EPS: ₹3.68

Half Year Ended September 30, 2026:

  • Revenue from operations: ₹8,789.38
  • Other operating income: ₹49.18
  • Total revenue from operations: ₹8,838.56
  • Other income: ₹7.87
  • Total income: ₹8,846.43
  • Total expenses: ₹8,401.00
  • Profit before exceptional items and tax: ₹445.43
  • Exceptional items gain: ₹353.17
  • Profit before tax: ₹798.60
  • Tax expense: ₹211.57 (Current: ₹111.58, Deferred: ₹99.99)
  • Net profit: ₹587.03
  • Other comprehensive income: ₹3.37
  • Total comprehensive income: ₹590.40
  • Basic and diluted EPS: ₹4.71

Comparative Performance

Quarter-over-Quarter (Q2 FY27 vs Q1 FY27):

  • Revenue increased from ₹4,223.16M to ₹4,615.40M
  • Net profit increased from ₹128.47M to ₹458.56M
  • EPS increased from ₹1.03 to ₹3.68

Year-over-Year (Q2 FY27 vs Q2 FY26):

  • Revenue increased from ₹3,756.60M to ₹4,615.40M
  • Net profit increased from ₹256.92M to ₹458.56M
  • EPS increased from ₹2.06 to ₹3.68

Balance Sheet Position (as at September 30, 2026)

  • Total assets: ₹7,662.63M (vs ₹7,147.07M as at March 31, 2026)
  • Equity share capital: ₹124.67M
  • Other equity: ₹5,251.27M (vs ₹4,663.35M as at March 31, 2026)
  • Total equity: ₹5,375.94M
  • Non-current liabilities: ₹417.88M
  • Current liabilities: ₹1,868.81M
  • Cash and cash equivalents: ₹1.05M

Cash Flow Statement (Half Year Ended September 30, 2026)

  • Net cash from operating activities: ₹429.01M
  • Net cash used in investing activities: ₹(274.10)M
  • Net cash used in financing activities: ₹(156.29)M
  • Net decrease in cash: ₹(1.39)M

Exceptional Items

The Company recognized a net exceptional gain of ₹353.17 million during the quarter ended September 30, 2026, related to the final insurance claim settlement for the fire incident that occurred on December 11, 2024, at its Rajkot plant. The amount was received on October 12, 2026, subsequent to the quarter-end.

Additional Notes

  • The company operates as a single segment in food products
  • Financial results prepared in accordance with Ind AS and SEBI LODR Regulations
  • Previous period figures have been regrouped and reclassified where necessary
  • Paid-up equity share capital: 124.67 million shares of face value ₹1 each