Company Overview
Orkla India Limited (formerly Orkla India Private Limited and MTR Foods Private Limited) submitted its Annual Report for FY 2025-26 to BSE and NSE pursuant to SEBI Listing Regulations Regulation 34(1). The company completed its Initial Public Offering in November 2025, listing 22,843,004 shares at ₹730 per share with 48 times oversubscription.
Financial Performance
Consolidated Results (₹ in million): Revenue from operations grew 4.8% to ₹25,091.4 million, with EBITDA increasing 7.0% to ₹4,240.9 million (margin 16.9%). Net profit rose 11.7% to ₹2,856.7 million, supported by 5.9% volume growth. Standalone Results: Revenue reached ₹24,638.9 million with net profit of ₹2,817.6 million, representing 12.5% growth. Basic EPS stood at ₹20.6.
Business Segment Performance
The domestic business contributed 79% of revenue while international grew 7.5% (21% of total). Spices business represented 64.9% of revenue with 3.0% growth, while convenience foods grew 11.1%. Digital commerce expanded 38% and contributed 8.7% of domestic revenue. The company maintained leadership as India's largest branded spice exporter for the 24th consecutive year.
Operational Metrics & Capital Structure
The company operates 8 manufacturing units across India with 679,000 retail touchpoints and 2,207 employees. Authorized share capital is ₹1,113,000,000 with paid-up capital of ₹136,989,230. During FY26, the company converted ROCPS to equity and split shares from ₹10 to ₹1 face value.
Sustainability & Environmental Performance
Renewable electricity accounted for 59% of consumption, with Karnataka facilities achieving 100% renewable usage. Recyclable packaging reached 56% of portfolio. GHG emissions totaled 5,823 MT CO2e (Scope 1) and 8,362 MT CO2e (Scope 2). CSR expenditure was ₹38.1 million, impacting 900,000+ lives through nutrition, education, and water conservation programs.
Governance & Compliance
The board comprises 8 directors with 37.5% women representation. Key committees (Audit, Nomination, Risk, CSR) maintained 100% attendance. Statutory auditor S.R. Batliboi issued an unqualified opinion with key audit matters on revenue recognition and goodwill impairment testing. No material regulatory orders or frauds were reported.
Significant Events & Transactions
The merger of Eastern Condiments Private Limited (effective April 1, 2021) and Rasoi Magic Foods/BAMS Condiments (effective April 1, 2024) were completed. The company adopted ESOP 2025 and MSOP 2025 plans, with MD & CEO holding 162,893 options. Contingent liabilities include tax litigations of ₹1,271.0 million.
AGM & Forward Outlook
The 30th Annual General Meeting is scheduled for August 19, 2026, with resolutions including financial statement adoption, director reappointment, and ESOP plan ratifications. Forward-looking statements acknowledge risks from economic conditions, commodity price volatility, and competitive pressures.