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Chordia Food Products Q2 FY27 results: net profit down 78.6% to ₹0.03 crore, revenue down 20.2%
Chordia Food Products Ltd reported standalone Q2 FY27 revenue of ₹0.75 crore, down 20.2% from a year ago, and a net profit of ₹0.03 crore against ₹0.14 crore in Q2 FY26. EBITDA fell 45.2% to ₹0.23 crore and the EBITDA margin narrowed 14.1 percentage points to 30.7%.
Key points
- Revenue was ₹0.75 crore in Q2 FY27, down 20.2% from ₹0.94 crore in Q2 FY26 and down 17.6% from ₹0.91 crore in Q1 FY27.
- EBITDA was ₹0.23 crore, down 45.2% year on year, with the margin at 30.7% against 44.8% a year earlier.
- Net profit was ₹0.03 crore, down 78.6% from ₹0.14 crore a year ago, and basic EPS was ₹0.07.
- Total expenses rose 5.4% to ₹0.78 crore from ₹0.74 crore, with cost of materials and employee costs both higher.
- H1 FY27 revenue was ₹1.66 crore, down 9.8%, while profit after tax was ₹0.13 crore, down 61.8%.
How did Chordia Food Products perform in Q2 FY27?
Chordia Food Products reported standalone revenue of ₹0.75 crore for Q2 FY27, down 20.2% from ₹0.94 crore in Q2 FY26 and down 17.6% from ₹0.91 crore in the previous quarter. Total income was ₹0.82 crore, down 12.8% year on year and 10.9% sequentially. The figures are on a standalone basis, and the company filed the results with BSE on 3 November 2026.
EBITDA stood at ₹0.23 crore in Q2 FY27 against ₹0.42 crore a year earlier, a decline of 45.2%, and was below the ₹0.37 crore reported in Q1 FY27. The EBITDA margin was 30.7%, down 14.1 percentage points from 44.8% a year ago and 9.8 percentage points from the previous quarter.
Profit before tax was ₹0.04 crore, down 80.0% from ₹0.20 crore a year earlier, and net profit was ₹0.03 crore, down 78.6% from ₹0.14 crore. Basic EPS was ₹0.07, down 79.4% from ₹0.34 in Q2 FY26 and 72.0% from ₹0.25 in Q1 FY27. The net profit margin was 3.7% against 14.7% a year earlier.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 0.75 | 0.91 | 0.94 | −20.2% | −17.6% |
| Other income | 0.06 | 0.02 | 0 | +200.0% | |
| Total expenses | 0.78 | 0.80 | 0.74 | +5.4% | −2.5% |
| EBITDA | 0.23 | 0.37 | 0.42 | −45.2% | −37.8% |
| EBITDA margin | 30.7% | 40.5% | 44.8% | −14.1 pp | −9.8 pp |
| Profit before tax | 0.04 | 0.13 | 0.20 | −80.0% | −69.2% |
| Tax | 0.01 | 0.03 | 0.06 | −83.3% | −66.7% |
| Net profit | 0.03 | 0.10 | 0.14 | −78.6% | −70.0% |
| EPS (₹) | 0.07 | 0.25 | 0.34 | −79.4% | −72.0% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Chordia Food Products' costs and profit?
Total expenses rose 5.4% to ₹0.78 crore from ₹0.74 crore in the year-ago quarter, while revenue fell, which is what the figures show about the margin compression. Cost of materials consumed was ₹0.07 crore against ₹0.02 crore, a rise of ₹0.05 crore, or 250.0%. Employee cost rose 50.0% to ₹0.27 crore from ₹0.18 crore.
Depreciation and amortisation was ₹0.25 crore, up 13.6% from ₹0.22 crore, and finance costs were ₹0.01 crore against ₹0 crore. Other expenditure fell 18.8% to ₹0.26 crore from ₹0.32 crore. There was no exceptional item in either quarter.
Other income was ₹0.06 crore against ₹0 crore a year earlier, a difference of ₹0.06 crore, and tax expense fell to ₹0.01 crore from ₹0.06 crore. The filed statement shows current tax of ₹0.03 crore and deferred tax of ₹0.03 crore for the quarter.
Against the previous quarter, total expenses fell 2.5% to ₹0.78 crore, with other expenditure down 23.5% to ₹0.26 crore, while employee cost rose 17.4% to ₹0.27 crore and cost of materials rose to ₹0.07 crore from ₹0 crore. Finance costs and depreciation were unchanged at ₹0.01 crore and ₹0.25 crore respectively.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0.07 | 0.02 | +0.05 | +250.0% |
| Employee cost | 0.27 | 0.18 | +0.09 | +50.0% |
| Finance costs | 0.01 | 0 | +0.01 | |
| Depreciation | 0.25 | 0.22 | +0.03 | +13.6% |
| Other expenses | 0.26 | 0.32 | −0.06 | −18.8% |
| Total expenses | 0.78 | 0.74 | +0.04 | +5.4% |
| Other income | 0.06 | 0 | +0.06 | |
| Tax | 0.01 | 0.06 | −0.05 | −83.3% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In the first half of FY27, Chordia Food Products reported revenue of ₹1.66 crore, down 9.8% from ₹1.84 crore in H1 FY26. Total income was ₹1.74 crore, down 6.5% from ₹1.86 crore. Other income for the half year was ₹0.08 crore against ₹0.02 crore a year earlier.
Profit before tax fell 63.0% to ₹0.17 crore from ₹0.46 crore, and profit after tax was ₹0.13 crore, down 61.8% from ₹0.34 crore. Basic EPS for the half year was ₹0.32, against ₹0.85 in H1 FY26.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 1.66 | 1.84 | −9.8% |
| Profit before tax | 0.17 | 0.46 | −63.0% |
| Net profit | 0.13 | 0.34 | −61.8% |
| EPS (₹) | 0.32 | 0.85 | −62.4% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets stood at ₹17.86 crore as on 30 September 2026, against ₹17.83 crore as on 31 March 2026, while total equity was ₹15.99 crore compared with ₹15.86 crore. There were no borrowings on either balance sheet date. Cash and cash equivalents fell to ₹0.16 crore from ₹2.61 crore.
Inventories rose to ₹1.87 crore from ₹0.29 crore at the previous balance sheet date, while trade receivables were unchanged at ₹1.34 crore. Trade payables stood at ₹0.06 crore against ₹0.07 crore.
For the first half of FY27, net cash used in operating activities was ₹1.22 crore, against ₹0.33 crore a year earlier. Net cash used in investing activities was ₹1.15 crore, compared with ₹0.00 crore in H1 FY26, and net cash used in financing activities was ₹0.09 crore against ₹0.03 crore. Capital expenditure was ₹0.01 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 17.86 | 17.83 |
| Total equity | 15.99 | 15.86 |
| Borrowings | 0 | 0 |
| Cash and equivalents | 0.16 | 2.61 |
| Inventories | 1.87 | 0.29 |
| Trade receivables | 1.34 | 1.34 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −1.22 | −0.33 |
| Cash from investing | −1.15 | 0 |
| Cash from financing | −0.09 | −0.03 |
| Capital expenditure | 0.01 | 0 |
Source: Company's results filing (XBRL).
How has Chordia Food Products done over the last 8 quarters?
Revenue for Chordia Food Products rose from ₹0.71 crore in Q3 FY25 to a peak of ₹1.57 crore in Q4 FY26, then fell to ₹0.91 crore in Q1 FY27 and ₹0.75 crore in Q2 FY27. The latest quarter was the lowest of the series at ₹0.75 crore.
Net profit peaked at ₹0.27 crore in Q4 FY26 and was ₹0.14 crore in Q2 FY26, before falling to ₹0.10 crore in Q1 FY27 and ₹0.03 crore in Q2 FY27. The latest quarter was the lowest profit in the series reported.
The EBITDA margin reached 52.5% in Q3 FY25 and then narrowed over the following quarters, with 44.8% in Q2 FY26, 30.9% in Q4 FY26 and 30.7% in Q2 FY27. The margin in the latest quarter was marginally below the Q4 FY26 level and at the lowest point in the reported series.
Which businesses drove the quarter?
Chordia Food Products reported two business segments in Q2 FY27. The Food Infrastructure Division recorded revenue of ₹0.64 crore and EBIT of ₹0.17 crore, with an EBIT margin of 26.8%. The filing does not give a year-ago revenue or EBIT figure for the division.
The Food Division reported revenue of ₹0.11 crore and a loss before tax and interest of ₹0.19 crore, with an EBIT margin of -167.0%. The filing also does not give a year-ago revenue or EBIT figure for this division.
| Segment | Revenue | Revenue YoY | EBIT | EBIT margin |
|---|---|---|---|---|
| Food Division | 0.11 | −0.19 | -167.0% | |
| Food Infrastructure Division | 0.64 | 0.17 | 26.8% |
Source: Company's results filing (XBRL segment data).
How did Chordia Food Products shares react?
The results were filed after market on 3 November 2026, and the stock closed the reaction day 2.1% lower from its pre-results close of ₹102.55. By the next day's close it was up 2.4% from that same pre-results close. The Packaged Foods industry median move was 0.4% on the reaction day and 1.4% by the next day's close, so the stock lagged the industry by 2.5 percentage points on the reaction day and was 1.0 percentage point behind by the next day's close.
| After the filing | Stock | Packaged Foods median |
|---|---|---|
| Reaction day | −2.1% | +0.4% |
| Next day | +2.4% | +1.4% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 28 May 2026 | +5.0% |
| 10 February 2026 | +1.9% |
| 14 November 2025 | −4.7% |
| 14 August 2025 | −2.3% |
| 29 May 2025 | −0.2% |
| 13 August 2024 | +4.0% |
| 29 May 2024 | −5.2% |
Source: MarketPing price-reaction measurement.
How did other Packaged Foods companies do?
Among the Packaged Foods companies that have filed for this quarter, 16 were compared on revenue growth and their median revenue growth was 14.9% as on 6 November 2026. Chordia Food Products' revenue fell in the quarter, and 3 peers grew slower than the company while 13 grew faster.
On profit, 9 peers recorded higher profit out of 19 peers compared. The revenue growth comparison covers 16 peers, with 3 growing slower than Chordia Food Products and 13 growing faster than the company.
| Chordia Food Products revenue growth (YoY) | −20.2% |
|---|---|
| Median of 16 other Packaged Foods companies | +14.9% |
| Companies with slower revenue growth than Chordia Food Products | 3 of 16 |
| Companies with faster revenue growth than Chordia Food Products | 13 of 16 |
| Companies whose net profit rose | 9 of 19 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Chordia Food Products' revenue in Q2 FY27?
Revenue from operations was ₹0.75 crore, down 20.2% from ₹0.94 crore in Q2 FY26 (standalone).
Did Chordia Food Products make a profit in Q2 FY27?
Yes. Net profit was ₹0.03 crore, against a net profit of ₹0.14 crore in Q2 FY26.
What was Chordia Food Products' EPS in Q2 FY27?
Basic earnings per share were ₹0.07, against ₹0.34 in Q2 FY26.
How did Chordia Food Products shares react to the Q2 FY27 results?
On the reaction day the stock moved −2.1% from the previous close; the median Packaged Foods stock moved +0.4%.
When did Chordia Food Products announce its Q2 FY27 results?
On 3 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Consideration Of Unaudited Financial Results For The Quarter And Half Financial Year Ended On 30Th September, 2026. (BSE, 29 October 2026) · PDF
- Board Meeting Outcome for Board Meeting Outcome For Unaudited Financial Results For The Quarter And Half Year Ended On 30Th September, 2026 (BSE, 3 November 2026) · PDF
- Unaudited Financial Results For The Quarter And Half Year Ended On 30Th September, 2026 (BSE, 3 November 2026) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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