Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Six Months ended 30th September, 2026 (Q2 FY27, H1 FY27)

Nature of Filing / Announcement: Outcome of Board Meeting - Unaudited Financial Results

Date of Board Meeting / Approval: 2nd November, 2026

Audit Opinion: Unmodified (Clean)

Auditor's Comment: Statutory auditors issued an unmodified limited review report

Key Financial Highlights [₹ in Crores]

Standalone Results:

Quarter ended 30.09.2026:

  • Revenue from Operations: ₹28,317.67 (YoY: +45.6% from ₹19,441.50)
  • Total Income: ₹29,125.19 (YoY: +43.2% from ₹20,340.97)
  • EBITDA: Not Specified
  • Net Profit: ₹4,137.12 (YoY: -20.0% from ₹5,175.70)
  • EPS: ₹3.30 (YoY: -20.1% from ₹4.13)

Six Months ended 30.09.2026:

  • Revenue from Operations: ₹55,260.90 (YoY: +36.4% from ₹40,511.31)
  • Total Income: ₹56,713.75 (YoY: +34.8% from ₹42,072.81)
  • Net Profit: ₹7,715.94 (YoY: -23.5% from ₹10,086.43)
  • EPS: ₹6.16 (YoY: -23.6% from ₹8.06)

Balance Sheet as at 30.09.2026:

  • Other Equity: ₹66,755.17 (vs ₹68,675.66 as at 31.03.2026)
  • Cash and Cash Equivalents: ₹298.83 (vs ₹110.02 as at 31.03.2026)
  • Debt: Not Specified (Borrowings under current liabilities: ₹0)

Consolidated Results:

Quarter ended 30.09.2026:

  • Revenue from Operations: ₹30,578.40 (YoY: +43.9% from ₹21,255.86)
  • Total Income: ₹31,085.76 (YoY: +42.3% from ₹21,840.26)
  • Net Profit: ₹4,229.33 (YoY: -18.5% from ₹5,186.55)
  • EPS: ₹3.32 (YoY: -18.8% from ₹4.09)

Six Months ended 30.09.2026:

  • Revenue from Operations: ₹60,101.70 (YoY: +35.4% from ₹44,385.21)
  • Total Income: ₹61,264.77 (YoY: +34.2% from ₹45,651.82)
  • Net Profit: ₹8,738.12 (YoY: -17.0% from ₹10,529.96)
  • EPS: ₹6.83 (YoY: -17.5% from ₹8.28)

Segment-wise Performance [₹ in Crores]

Standalone Segment Revenue (Q2 FY27):

  • FMCG - Cigarettes: ₹15,536.13 (YoY: +78.1%)
  • FMCG - Others: ₹6,967.17 (YoY: +15.7%)
  • Agri Business: ₹4,451.69 (YoY: +12.0%)
  • Paperboards, Paper & Packaging: ₹3,015.85 (YoY: +35.9%)
  • Others: ₹101.14 (YoY: +33.7%)

Standalone Segment Results (Q2 FY27):

  • FMCG - Cigarettes: ₹3,813.45 (YoY: -27.2%)
  • FMCG - Others: ₹558.30 (YoY: +27.8%)
  • Agri Business: ₹510.67 (YoY: +11.2%)
  • Paperboards, Paper & Packaging: ₹281.93 (YoY: +47.6%)
  • Others: ₹(7.80) (YoY: -13.0%)

Consolidated Segment Revenue (Q2 FY27):

  • FMCG - Cigarettes: ₹16,237.11 (YoY: +72.5%)
  • FMCG - Others: ₹7,218.36 (YoY: +19.1%)
  • Agri Business: ₹4,550.60 (YoY: +12.7%)
  • Paperboards, Paper & Packaging: ₹3,017.45 (YoY: +35.9%)
  • Others: ₹1,449.87 (YoY: +16.5%)

Consolidated Segment Results (Q2 FY27):

  • FMCG - Cigarettes: ₹4,044.49 (YoY: -26.0%)
  • FMCG - Others: ₹576.69 (YoY: +31.5%)
  • Agri Business: ₹518.41 (YoY: +14.3%)
  • Paperboards, Paper & Packaging: ₹273.32 (YoY: +50.7%)
  • Others: ₹176.10 (YoY: -3.6%)

Corporate Actions:

  • Dividend: Not declared in this announcement
  • ESOP Allotment: 10,48,850 Ordinary Shares of ₹1 each issued and allotted under Employee Stock Option Schemes during Q2 FY27
  • Share Capital: Increased to ₹1,253.05 crores as on 30.09.2026

Other Significant Information:

  • Century Pulp Acquisition: Business combination accounted under Ind AS 103, provisional fair values recorded, results not comparable with previous periods
  • Sproutlife Foods: Became subsidiary effective 1st April 2026, existing interest re-measured at fair value with gain of ₹405.88 crores recognized in Q1 FY27
  • FMCG-Others EBITDA: Q2 FY27 stood at ₹722.86 crores (Q2 FY25: ₹593.45 crores)
  • Cash Flow: H1 FY26 operating cash flow ₹7,765.58 crores; investing cash flow ₹4,488.64 crores; financing cash outflow ₹12,040.14 crores
  • Tax Expense: Current tax ₹1,671.65 crores (standalone) and ₹1,410.12 crores (consolidated) for Q2 FY27