- Home
- Results news
- Oceanic Foods
- Q2 FY27 results
Oceanic Foods Q2 FY27 results: net profit up 49.1% to ₹2.46 crore, revenue down 7.3%
Oceanic Foods Limited reported consolidated revenue of ₹41.59 crore in Q2 FY27, down 7.3% from ₹44.87 crore a year earlier, while net profit rose to ₹2.46 crore from ₹1.65 crore. EBITDA increased to ₹4.90 crore and the EBITDA margin widened to 11.8% from 7.7%. The results were filed with BSE on 3 November 2026.
Key points
- Consolidated revenue was ₹41.59 crore in Q2 FY27, down 7.3% from ₹44.87 crore in Q2 FY26.
- Net profit rose to ₹2.46 crore from ₹1.65 crore, and basic EPS was ₹2.18 against ₹1.46.
- EBITDA was ₹4.90 crore, up 41.6% from ₹3.46 crore, with the margin at 11.8% against 7.7%.
- In H1 FY27, revenue fell 4.2% to ₹82.55 crore while profit after tax rose 46.4% to ₹4.67 crore.
- The stock closed 8.3% higher on the reaction day, against a 0.8% median move for the industry.
How did Oceanic Foods perform in Q2 FY27?
Consolidated revenue for the July–September 2026 quarter was ₹41.59 crore, down ₹3.28 crore or 7.3% from ₹44.87 crore in Q2 FY26. Against the previous quarter, revenue was up ₹0.63 crore or 1.5% from ₹40.96 crore in Q1 FY27. Total income for the quarter was ₹41.61 crore, against ₹44.89 crore a year earlier and ₹41.20 crore in Q1 FY27.
EBITDA rose to ₹4.90 crore from ₹3.46 crore a year earlier, an increase of ₹1.44 crore or 41.6%, and was up ₹0.77 crore or 18.6% from ₹4.13 crore in Q1 FY27. The EBITDA margin widened to 11.8% from 7.7% in Q2 FY26 and 10.1% in Q1 FY27, a rise of 4.1 percentage points year on year.
Profit before tax was ₹3.39 crore, up ₹1.19 crore or 54.1% from ₹2.20 crore a year earlier and ₹0.42 crore or 14.1% from ₹2.97 crore in the previous quarter. After tax of ₹0.93 crore, net profit was ₹2.46 crore against ₹1.65 crore a year earlier and ₹2.21 crore in Q1 FY27. Basic EPS was ₹2.18 against ₹1.46 and ₹1.97 respectively. On a standalone basis, revenue was ₹41.58 crore and net profit was ₹2.45 crore.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 41.59 | 40.96 | 44.87 | −7.3% | +1.5% |
| Other income | 0.02 | 0.25 | 0.02 | +0.0% | −92.0% |
| Total expenses | 38.23 | 38.24 | 42.69 | −10.4% | −0.0% |
| EBITDA | 4.90 | 4.13 | 3.46 | +41.6% | +18.6% |
| EBITDA margin | 11.8% | 10.1% | 7.7% | +4.1 pp | +1.7 pp |
| Profit before tax | 3.39 | 2.97 | 2.20 | +54.1% | +14.1% |
| Tax | 0.93 | 0.76 | 0.55 | +69.1% | +22.4% |
| Net profit | 2.46 | 2.21 | 1.65 | +49.1% | +11.3% |
| EPS (₹) | 2.18 | 1.97 | 1.46 | +49.3% | +10.7% |
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 Oceanic Foods' costs and profit?
Total expenses fell to ₹38.23 crore in Q2 FY27 from ₹42.69 crore in Q2 FY26, a reduction of ₹4.46 crore or 10.4%. Cost of materials consumed was the main change, down ₹7.33 crore or 22.0% to ₹26 crore from ₹33.33 crore. Other expenses fell ₹0.57 crore or 8.1% to ₹6.50 crore from ₹7.07 crore.
Employee cost was unchanged at ₹1.27 crore. Finance costs rose ₹0.23 crore or 28.0% to ₹1.05 crore from ₹0.82 crore, and depreciation rose ₹0.03 crore or 6.5% to ₹0.49 crore from ₹0.46 crore. Other income was unchanged at ₹0.02 crore, and there was no exceptional item in either quarter.
Tax expense rose ₹0.38 crore or 69.1% to ₹0.93 crore from ₹0.55 crore. Profit before tax rose ₹1.19 crore or 54.1% to ₹3.39 crore, and net profit rose ₹0.81 crore or 49.1% to ₹2.46 crore, so the net margin widened to 5.9% from 3.7%. Compared with Q1 FY27, other income was lower by ₹0.23 crore and finance costs were higher by ₹0.13 crore.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 26 | 33.33 | −7.33 | −22.0% |
| Employee cost | 1.27 | 1.27 | 0 | +0.0% |
| Finance costs | 1.05 | 0.82 | +0.23 | +28.0% |
| Depreciation | 0.49 | 0.46 | +0.03 | +6.5% |
| Other expenses | 6.50 | 7.07 | −0.57 | −8.1% |
| Total expenses | 38.23 | 42.69 | −4.46 | −10.4% |
| Other income | 0.02 | 0.02 | 0 | +0.0% |
| Tax | 0.93 | 0.55 | +0.38 | +69.1% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In the first half of FY27, consolidated revenue was ₹82.55 crore, down ₹3.59 crore or 4.2% from ₹86.14 crore in H1 FY26. Total income was ₹82.82 crore against ₹86.16 crore, a fall of ₹3.34 crore or 3.9%.
Profit before tax rose to ₹6.36 crore from ₹4.29 crore, up ₹2.07 crore or 48.3%. Net profit increased ₹1.48 crore or 46.4% to ₹4.67 crore from ₹3.19 crore, and EPS was ₹4.15 against ₹2.84.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 82.55 | 86.14 | −4.2% |
| Profit before tax | 6.36 | 4.29 | +48.3% |
| Net profit | 4.67 | 3.19 | +46.4% |
| EPS (₹) | 4.15 | 2.84 | +46.1% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets stood at ₹111.11 crore as of 30 September 2026, against ₹100.83 crore at 31 March 2026. Total equity was ₹50.56 crore against ₹45.83 crore, while borrowings were ₹44.72 crore against ₹37.51 crore. Cash and cash equivalents were ₹0.15 crore at the end of March and were reported at nil on the consolidated balance sheet at the end of September.
Inventories were ₹29.67 crore against ₹27.41 crore at the previous balance sheet date, trade receivables ₹38.13 crore against ₹37.54 crore, and trade payables ₹10.69 crore against ₹12.14 crore.
In the first half of FY27, net cash from operating activities was an outflow of ₹1.02 crore, compared with an outflow of ₹2.84 crore in H1 FY26. Investing activities recorded an outflow of ₹4.25 crore against ₹2.06 crore, with capital expenditure of ₹4.26 crore against ₹2.41 crore. Financing activities provided ₹5.13 crore against ₹5.2 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 111.11 | 100.83 |
| Total equity | 50.56 | 45.83 |
| Borrowings | 44.72 | 37.51 |
| Cash and equivalents | 0 | 0.15 |
| Inventories | 29.67 | 27.41 |
| Trade receivables | 38.13 | 37.54 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −1.02 | −2.84 |
| Cash from investing | −4.25 | −2.06 |
| Cash from financing | 5.13 | 5.20 |
| Capital expenditure | 4.26 | 2.41 |
Source: Company's results filing (XBRL).
How has Oceanic Foods done over the last 5 quarters?
Revenue fell across the first three quarters of FY26, from ₹44.87 crore in Q2 FY26 to ₹41.96 crore in Q3 FY26 and ₹39.16 crore in Q4 FY26, before recovering to ₹40.96 crore in Q1 FY27 and ₹41.59 crore in Q2 FY27. The bottom of the revenue range was Q4 FY26 and the direction in the latest quarter was higher.
Net profit moved in the opposite direction, rising from ₹1.65 crore in Q2 FY26 to ₹1.68 crore, ₹1.92 crore, ₹2.21 crore and then ₹2.46 crore in Q2 FY27. The EBITDA margin also expanded each quarter, from 7.7% to 8.7%, 9.5%, 10.1% and 11.8%, so both the profit low and the margin low were in Q2 FY26.
What else did the company announce?
The board of Oceanic Foods met on 3 November 2026 and approved the standalone and consolidated unaudited financial results for the quarter and half year ended 30 September 2026. The meeting ran from 06.30 pm to 07.15 pm, and the results were filed with limited review reports.
A same-day filing, dated 4 November 2026, disclosed that the company had initiated two separate recovery proceedings against Cremica Food Industries Limited over outstanding receivables. The aggregate quantum of claims was ₹72,64,563, with one proceeding for ₹71,52,643 and the other for ₹1,11,920. The matters have been referred for mediation for a period of 15 days, and civil suits have not yet been registered. The filing said actual recovery and timing would depend on the outcome of the mediation and any subsequent legal proceedings.
How did Oceanic Foods shares react?
The filing appeared after market hours, and the stock was unchanged five minutes after it, up 0.6% at 15 minutes and up 2.0% at 30 minutes. From the previous close of ₹48, the stock closed the reaction day up 8.3% at ₹50, and by the next day's close it was up 10.2% from that pre-results close.
The Other Food Products industry posted a median reaction-day move of 0.8%, so Oceanic Foods exceeded the sector by 7.5 percentage points on the day. By the next day's close, the excess return against the industry was 8.5 percentage points, with the sector median up 1.7%. Earlier reaction-day moves were 3.9% on 10 August 2026, minus 1.8% on 25 May 2026, 2.3% on 4 February 2026, 5.0% on 10 November 2025 and 5.0% on 20 May 2025.
| After the filing | Stock | Other Food Products median |
|---|---|---|
| 5 minutes | +0.0% | |
| 15 minutes | +0.6% | |
| 30 minutes | +2.0% | |
| Reaction day | +8.3% | +0.8% |
| Next day | +10.2% | +1.7% |
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 |
|---|---|
| 10 August 2026 | +3.9% |
| 25 May 2026 | −1.8% |
| 4 February 2026 | +2.3% |
| 10 November 2025 | +5.0% |
| 20 May 2025 | +5.0% |
Source: MarketPing price-reaction measurement.
How did other Other Food Products companies do?
Eight other Other Food Products companies had filed results for this quarter by 6 November 2026, and their median revenue growth was 42.4%. Of those, six grew faster than Oceanic Foods and two grew slower, compared with a 7.3% revenue decline for the company.
Out of the eight peers compared on profit, six reported higher profit. Oceanic Foods reported a net profit of ₹2.46 crore, with revenue of ₹41.59 crore for Q2 FY27 on a consolidated basis.
| Oceanic Foods revenue growth (YoY) | −7.3% |
|---|---|
| Median of 8 other Other Food Products companies | +42.4% |
| Companies with slower revenue growth than Oceanic Foods | 2 of 8 |
| Companies with faster revenue growth than Oceanic Foods | 6 of 8 |
| Companies whose net profit rose | 6 of 8 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Oceanic Foods' revenue in Q2 FY27?
Revenue from operations was ₹41.59 crore, down 7.3% from ₹44.87 crore in Q2 FY26 (consolidated).
Did Oceanic Foods make a profit in Q2 FY27?
Yes. Net profit was ₹2.46 crore, against a net profit of ₹1.65 crore in Q2 FY26.
What was Oceanic Foods' EPS in Q2 FY27?
Basic earnings per share were ₹2.18, against ₹1.46 in Q2 FY26.
How did Oceanic Foods shares react to the Q2 FY27 results?
On the reaction day the stock moved +8.3% from the previous close; the median Other Food Products stock moved +0.8%.
When did Oceanic Foods announce its Q2 FY27 results?
On 3 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Intimation For Board Meeting Pursuant To Reg 29 Of SEBI (LODR) Reg, 2015 (BSE, 29 October 2026) · PDF
- Board Meeting Outcome for Financial Result For Quarter Ended On 30Th Septemebr, 2026 Are Attached Herewith. (BSE, 3 November 2026) · PDF
- Result- Financial Result For September 30, 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.
This is information, not investment advice. MarketPing does not recommend buying or selling any security.