• The document is a regulatory filing containing the transcript of the Q1 FY27 Earnings Conference Call held on August 5, 2026, submitted pursuant to SEBI Listing Regulations.
  • The conference call was held to discuss the company's financial and operational performance for the first quarter of fiscal year 2027 (Q1 FY27).
  • Management participants included:
  • Mr. Sameer Kothari – Managing Director
  • Mr. Mayank Samdani – Group Chief Financial Officer
  • Mr. Ganesh Argekar – Executive Director
  • Mr. Vimal Solanki - Head of Corporate Communications
  • SGA – Investor Relations Advisor
  • The company stated that no unpublished price sensitive information (UPSI) would be shared during the call.
  • The earnings presentation was uploaded on stock exchanges and the company website prior to the call.

Financial Highlights Discussed

  • Q1 FY27 Financial Performance:
  • Total Income: INR1,207 crores (18% YoY growth)
  • EBITDA: INR106.3 crores (26% YoY growth)
  • Profit Before Tax: INR56.6 crores (33% YoY growth)
  • Profit After Tax: INR42.8 crores (33% YoY growth) - Highest ever quarterly PAT
  • Footwear Division Impact: Temporary cost pressures resulted in ~INR6 crores impact due to:
  • Higher raw material prices from Middle East crisis
  • Implementation of revised wage rates in Haryana (30%+ increase)
  • Employee cost of shoe division represents 35-40% of total employee cost
  • Capital Expenditure:
  • New projects signed: INR340 crores for FY27
  • Projects carried forward from FY26: INR150 crores
  • Total planned FY27 capex: ~INR500 crores (expected to exceed FY26 record)
  • Breakdown of new INR340 crore investments:
  • Food & Beverages: INR210 crores (Coimbatore, Mysuru, Goa, Aurangabad, Hyderabad)
  • Ice Cream: INR80 crores (Panipat)
  • Home & Personal Care: INR50 crores (Lucknow)
  • FY27 Guidance: PAT guidance reaffirmed at INR200-220 crores, representing 34-48% growth over FY26.

Operational Highlights

  • Home and Personal Care: At maximum capacity with record performance; Aurangabad integration completed; Silvassa brownfield expansion to commence Q2; Lucknow greenfield on track.
  • Food and Beverages: Healthy momentum across categories; Coimbatore, Nashik, Mysore at record production; excellent beverage season; adding Greek yogurt facility in Goa.
  • Ice Cream: Strong quarter with robust summer season; commissioned state-of-the-art Panipat facility; expanding capacities.
  • Healthcare: Adding new customers across syrup, tablets, lozenges; progressing ayurvedic wellness expansion at Baddi; initiating Class III medical devices certification at Chennai for international markets.
  • Footwear: Steady progress with new customers; manufacturing capacities expanding across North and South India; order book full from Q2 FY27 onwards; expecting return to profitability in coming months.
  • Silvassa Disruption: Partial production restored after record rainfall in July; expected fully operational by end-August; adequately insured with no material long-term impact expected.

Additional Notes

  • The document includes the complete transcript of the earnings conference call with analyst Q&A session.
  • The company emphasized its diversified manufacturing platform and customer-led approach to investments.
  • GST duty inversion continues to affect cash flows in some business units.
  • The company is exploring export opportunities to US, UK, EU markets, though some are on hold due to tariff and freight situations.