Financial Performance Highlights (Standalone)

H1 FY27 vs H1 FY26 (YoY Comparison):

  • Total Income: ₹145.11 crore vs ₹118.37 crore, up 22.59%
  • EBITDA: ₹20.31 crore vs ₹21.07 crore, down 3.60%
  • EBITDA Margin: 14.00% vs 17.80%, decline of 380 basis points
  • Net Profit: ₹12.56 crore vs ₹14.21 crore, down 11.64%
  • Net Profit Margin: 8.65% vs 12.01%, decline of 335 basis points

H1 FY27 vs H2 FY26 (Half-on-Half Comparison):

  • Total Income: ₹145.11 crore vs ₹138.54 crore, up 4.74%
  • EBITDA: ₹20.31 crore vs ₹16.76 crore, up 21.19%
  • EBITDA Margin: 14.00% vs 12.09%, improvement of 191 basis points
  • Net Profit: ₹12.56 crore vs ₹10.57 crore, up 18.76%
  • Net Profit Margin: 8.65% vs 7.63%, improvement of 102 basis points

Operational Highlights

  • Appointment of Mr. Vu Thai Son as Strategic Advisor, bringing over three decades of international cashew industry experience
  • Greenfield project development progressed as planned during the half year
  • Purchase orders aggregating approximately ₹68.9 crore issued for new processing facility as of September 30, 2026
  • Continued investment in building future-ready processing infrastructure to support long-term growth

Management Commentary

Mr. Aayush Jain, Promoter, Chairman & Managing Director:

  • Performance reflects strength of demand franchise with over 23% total income growth
  • Growth supported by deeper engagement with institutional customers and distribution partners
  • Company prioritized volumes and long-term customer relationships while progressively aligning pricing with input costs
  • Maintained higher raw nut inventory to secure supply through the season, temporarily increasing working capital and interest costs
  • Expects continued progress in EBITDA margin improvement

Mr. Pulkit Jain, Promoter & Non-Executive Director:

  • Greenfield facility at Vizianagaram will add 35,000 MTPA capacity, nearly tripling total processing capacity
  • Facility on track for commercial production in Q4 FY27
  • New facility features higher automation and lower cost per kilogram processing
  • Plans to grow 'Royal Mewa' brand through online and quick-commerce channels in India
  • New facility positions company to serve international markets across Europe, US, and Middle East
  • Strengthening procurement and logistics risk management for greater earnings stability

Company Background

Pajson Agro India Limited is a vertically integrated cashew processing company that converts raw cashew nuts into high-quality kernels for institutional and retail customers. The company operates with:

  • Technology-driven processing facility at Visakhapatnam, Andhra Pradesh with 18,000 MTPA installed capacity
  • Greenfield facility under development at Vizianagaram, Andhra Pradesh
  • Serves leading confectionery and snack manufacturers with network of over 178 distributors across 20+ states
  • Markets premium dry fruits under consumer brand 'Royal Mewa'
  • Backed by Pajson Group's sourcing presence across key producing origins in West Africa

Historical Financial Context

For FY26, the company reported:

  • Total Income: ₹256.92 crore
  • EBITDA: ₹37.82 crore
  • PAT: ₹24.78 crore

The company was listed on BSE SME in December 2025.