Q2 revenue rises 10%, but FY27 margins are expected to contract
DHANUKA · price
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Q2 FY27 revenue rose 9.91% to INR657.51 crore, with EBITDA of INR152.97 crore and profit after tax of INR109.22 crore. Management expects low single-digit FY27 revenue growth and about one percentage point lower gross margin, with a similar or slightly larger EBITDA margin decline, as a 13% weaker monsoon hurt demand. Dhanuka plans four Dahej products in FY28 versus two now; export customers span 14 countries, with purchase orders from five.
Q2 profit was good, but cautious FY27 guidance and margin contraction may limit stock upside. New products and export orders support growth.