Patanjali Foods Limited has informed the Exchange about Transcript
PATANJALI · price
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Patanjali Foods reported Q1 FY26 revenue of ~INR8,900 crores, up 24% year-on-year, with EBITDA margin of 3.75% and PAT margin of 2.02%. Edible Oil segment led at INR6,685 crores (25% YoY growth) but margins were compressed to 1.78% due to a government import duty cut on May 30, 2025 and high inventory costs. The HPC segment (Dant Kanti, skincare) grew strongly with EBITDA margin of 18.7%, while Food & FMCG degrew 15% YoY due to weak urban demand, high butter and sugar costs, and government staple interventions. Management reiterated multi-year targets: HPC revenue growth of 15% with 200 bps margin expansion, edible oil margin of 2-4% (confident of closer to 4%), and a long-term aspiration of INR50,000 crores revenue with a 50-50 FMCG-edible oil split and double-digit EBITDA margins.
Margin pressure from duty cuts and elevated input costs weighed on Q1, but management's confident guidance toward 4% edible oil margins, HPC margin expansion, and INR50,000 crore long-term revenue target signals a constructive outlook. Stock may react positively to clear margin recovery roadmap, though near-term edible oil margins and government policy risks remain watchpoints.