Consolidated Financial Performance: Q1FY27

Revenue from Operations: ₹155.6 crore (broadly stable YoY)

Gross Profit: ₹44.8 crore (15.4% YoY increase)

Gross Profit Margin: 28.8% (vs 25.1% in Q1FY26)

EBITDA: ₹22.2 crore (25.3% YoY increase)

EBITDA Margin: 14.2% (vs 11.4% in Q1FY26)

PAT: ₹12.5 crore (19.1% YoY increase)

PAT Margin: 8.0% (vs 6.8% in Q1FY26)

EPS: ₹9.44 (vs ₹7.87 in Q1FY26)

Division-wise Performance

Ethanol Division:

  • Revenue impacted by planned maintenance shutdown of ~20 days and lower FCI rice prices
  • EBITDA margin expanded by 500 bps to 22.2% from 17.1% in Q1FY26
  • Secured additional orders worth ₹140 crore from various OMCs for balance ESY period through October 2026
  • Previous order book was ₹400 crore
  • Both existing and expanded plants expected to be fully operational by end of August 2026
  • Total capacity to reach 282 KLPD

Consumer Division:

  • Showing good traction with improving momentum
  • New pasta category performing well on quick commerce platforms
  • Hing launch received strong market response
  • Strengthening distribution reach across Tier 1 and Tier 2 cities
  • EBITDA margin improved to 9.3% from 8.8% in Q1FY26

Bulk Division:

  • Adopted leaner inventory model improving procurement discipline
  • Reduced inventory intensity and working capital requirements
  • Improved operational agility and supply chain efficiency

Standalone Financial Performance: Q1FY27

Revenue from Operations: ₹80.8 crore (6.8% YoY increase)

Gross Profit: ₹21.3 crore (-0.9% YoY)

Gross Profit Margin: 26.3% (vs 28.4% in Q1FY26)

EBITDA: ₹5.7 crore (38.1% YoY increase)

EBITDA Margin: 7.0% (vs 5.4% in Q1FY26)

PAT: ₹2.9 crore (-11.1% YoY)

PAT Margin: 3.6% (vs 4.3% in Q1FY26)

EPS: ₹2.19 (vs ₹2.41 in Q1FY26)

FY27 Guidance

Revenue: ₹925-965 crore (vs ₹719 crore in FY26)

EBITDA: ₹100-105 crore (vs ₹74 crore in FY26)

PAT: ₹66-70 crore (vs ₹50.3 crore in FY26, which included ₹4.9 crore insurance claim)

Growth Drivers for FY27

  • Second phase ethanol expansion increasing capacity from 130 KLPD to 282 KLPD
  • Launch of new products in food category including multi-grain pasta, children's peanut butter, flavored roasted peanuts, and ready-to-mix beverages under "Jynx" brand
  • Expansion on quick commerce, modern and general trade
  • Focused A&P spends with Karisma Kapoor as brand ambassador for Oleev brand
  • Improved profitability and healthy cash generation to support branded portfolio expansion
  • Continued focus on lower working capital intensity and operational efficiency

Historical Financial Context

FY26 consolidated PAT of ₹50.3 crore included ₹4.9 crore insurance claim received towards loss of profit from machinery breakdown at Ethanol Plant in FY24.

Management Commentary

Mr. Akshay Modi, Joint Managing Director, stated: "We have started FY27 on a positive note... The improvement in profitability reflects better operating performance, stronger margin improvement and continued focus on operational efficiency across our businesses." He expressed optimism about FY27 outlook focusing on "disciplined growth, operational excellence, premiumisation and sustainable profitability."