Q2 FY27 transcript: revenue up 17.4%, margin recovery guided

Management guided margin improvementManagement guided margin pressureInvestor Communications View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-0.2%Reaction day

₹991.90

prior close

₹999.00

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+1.1%-1.3% vs market

Dairy Products peers, median of 12sector+0.9%-1.1% vs sector

On the reaction day the stock moved 1.3 pts less than Nifty Microcap 250 and 1.1 pts less than its Dairy Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

-0.2+1.1-1.3+0.9-1.1

Next day

-1.2pendingpending+1.1-2.3

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15d

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UpDownMarket · Nifty Microcap 250Sector · Dairy Products peers, median of 12Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Q2 FY27 revenue rose 17.4% YoY to INR1,196 crore; EBITDA was INR64.1 crore (5.4% margin) and PAT INR36.6 crore. Milk procurement cost hit INR43.2 per litre against INR61.9 realisation, squeezing margins. Africa revenue grew 56% to INR179 crore. Management guides 7.5-8% EBITDA margin for Q3 and H2 FY27, Uganda plant operations by FY28, and a 40% stake in a B2B ingredients joint venture.

Likely market impact

Revenue growth and Africa strength support the stock, but high milk costs squeeze margins; a move to 7.5-8% EBITDA margin is key near-term trigger.