Patanjali Foods LimitedConsumer GoodsPATANJALI
Q1 FY27 concall · earnings callPatanjali Foods Limited
Patanjali Foods reported record quarterly revenue driven by edible oils and strong FMCG growth, but management expressed caution due to El Niño, rural demand concerns, and input cost inflation.
Numbers
| Metric | This quarter | Change | Five-quarter trend |
|---|---|---|---|
| Revenue from Operations | ₹11,337 Cr | 29% | |
| Operating EBITDA | ₹543 Cr | — | |
| Operating EBITDA Margin | 4.80% | — | |
| Profit Before Tax | ₹453 Cr | — | |
| PBT Margin | 4% | — | |
| Edible Oil Segment Revenue | ₹8,505 Cr | — | |
| Edible Oil Segment EBITDA Margin | 5.22% | — | |
| Oil Palm Plantation Revenue | ₹740 Cr | 25% |
Financials
From filed quarterly results. YoY and QoQ compare each metric on the same accounting basis.
| Quarter | Revenue | Net profit (PAT) | Basic EPS |
|---|---|---|---|
| Q3 FY25 | ₹9,103.13 Cr— YoY+11.6% QoQ | ₹370.88 Cr— YoY+20.2% QoQ | ₹10.24— YoY+20% QoQ |
| Q2 FY25 | ₹8,154.19 Cr— YoY+13.7% QoQ | ₹308.58 Cr— YoY+17.5% QoQ | ₹8.53— YoY+17.5% QoQ |
| Q1 FY25 | ₹7,173.06 Cr— YoY— QoQ | ₹262.72 Cr— YoY— QoQ | ₹7.26— YoY— QoQ |
| Q4 FY24 | ₹8,221.66 Cr+4.4% YoY+3.9% QoQ | ₹206.32 Cr-21.8% YoY-4.7% QoQ | ₹5.70-21.9% YoY-4.7% QoQ |
| Q3 FY24 | ₹7,910.70 Cr-0.2% YoY+1.1% QoQ | ₹216.54 Cr-19.6% YoY-14.9% QoQ | ₹5.98-19.8% YoY-14.9% QoQ |
TL;DR
- Revenue reached a record Rs 11,337 Cr, up 29% YoY.
- Edible oil segment revenue hit a record Rs 8,505 Cr.
- FMCG segment contributed 26% of revenue with biscuits and HPC performing well.
- Management is cautious on staples due to potential El Niño impact and rural demand pressures.
- Full-year guidance reiterated: edible oil volume growth 3-5%, food & FMCG 8-10% growth, HPC ~15% growth.
Said on the call
“The only blip that we had this quarter was on the food side, and within food specifically on the staples and partially on the ethnic foods.”
From the Q&A
| Topic | What management said |
|---|---|
| Dishwash Segment Competition | Management stated the dishwash category is strong for them, they have no intention of exiting, and they will continue launching variants despite competitors leaving. |
| Biscuits Market and Pricing | Management highlighted the success of their atta-based Doodh Biscuit brand, doing ~Rs 1,300 Cr annually, with strong EBITDA margin expansion; they remain committed to the INR5 and INR10 price points. |
| Caution on Staples | CEO cited two factors for caution: unclear El Niño impact on food inflation, and potential stress on rural incomes and demand, which could impact margins, despite being positive on top-line growth. |
| Foods Segment Recovery | CEO attributed recovery to inflationary buoyancy and focus on specific categories; volume growth was ~5% and pricing inflation was ~12% for the quarter. |
| Segment EBITDA Details | Management provided segment EBITDA: ethnic foods Rs 9 Cr, HPC Rs 122 Cr, and staples had a negative Rs 59 Cr. |
| Textured Soya Product (TSP) Performance | CEO stated TSP did well this quarter (Rs 160 Cr revenue, 18%+ EBITDA margin) despite higher inflation typically being a headwind, and expects to maintain 16-18% margin guidance. |
| FMCG Revenue Outlook | CEO expects FMCG revenue to cross Rs 12,500 Cr this year, representing 10%+ growth from last year's Rs 11,000 Cr+. |
| Structural Growth Drivers | CEO outlined three drivers: strong momentum in oil palm plantation (expecting >15% growth), margin expansion in high-profit businesses like HPC and biscuits, and improving edible oil margins towards consistently 5%+. |
Guidance
- Edible oil segment volume growth between 3% to 5% for the year.
- Food and FMCG segment growth between 8% to 10% for the year.
- Beauty and personal care (HPC) growing at around 15%.
- FMCG vertical EBITDA growth at 12% to 15% for the year.
- Overall EBITDA margin growth of 10% to 12%.
Source
Summary written from the transcript filed by Patanjali Foods Limited for the call held on 17 Aug 2026; published 24 Aug 2026, 18:34 IST.
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