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United Foodbrands Q2 FY27 results: net loss narrows to ₹6.44 crore, revenue up 40.9%
United Foodbrands Limited reported consolidated Q2 FY27 revenue of ₹429.35 crore, up 40.9% from Q2 FY26, while EBITDA rose 58.9% to ₹59.96 crore and the EBITDA margin improved to 14.0%. The company reported a net loss of ₹6.44 crore and basic EPS of -₹1.57, compared with a net loss of ₹22.50 crore and basic EPS of -₹5.69 in the year-ago quarter, but the result was below Q1 FY27.
Key points
- Consolidated Q2 FY27 revenue was ₹429.35 crore, up 40.9% from Q2 FY26 and 0.8% from Q1 FY27.
- EBITDA was ₹59.96 crore, up 58.9% year on year but down 14.2% from Q1 FY27; the margin was 14.0%.
- United Foodbrands reported a net loss of ₹6.44 crore in Q2 FY27, compared with a net loss of ₹2.31 crore in Q1 FY27.
- Basic EPS was -₹1.57, compared with -₹5.69 in Q2 FY26 and ₹0.79 in Q1 FY27.
- H1 FY27 revenue was ₹855.24 crore, up 42.1%, while the net loss narrowed to ₹4.13 crore from ₹39.18 crore.
How did United Foodbrands perform in Q2 FY27?
United Foodbrands reported consolidated revenue of ₹429.35 crore in Q2 FY27, up 40.9% from ₹304.76 crore in Q2 FY26 and 0.8% from ₹425.90 crore in Q1 FY27. EBITDA rose 58.9% year on year to ₹59.96 crore, taking the margin to 14.0% from 12.4%. It fell 14.2% from Q1 FY27, when EBITDA was ₹69.86 crore and the margin was 16.4%.
The company reported a net loss of ₹6.44 crore in Q2 FY27, compared with a net loss of ₹22.50 crore in Q2 FY26 and a net profit of ₹2.31 crore in Q1 FY27. Basic EPS was -₹1.57, against -₹5.69 a year earlier and ₹0.79 in the previous quarter. On the standalone basis, revenue was ₹325.19 crore and the company reported a net loss of ₹4.44 crore.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 429.35 | 425.90 | 304.76 | +40.9% | +0.8% |
| Other income | 4.52 | 1.24 | 8.08 | −44.1% | +264.5% |
| Total expenses | 441.98 | 424.70 | 335.99 | +31.5% | +4.1% |
| EBITDA | 59.96 | 69.86 | 37.74 | +58.9% | −14.2% |
| EBITDA margin | 14.0% | 16.4% | 12.4% | +1.6 pp | −2.4 pp |
| Profit before tax | −8.12 | 2.43 | −23.16 | turned to loss | |
| Tax | −1.68 | 0.13 | −0.65 | ||
| Net profit | −6.44 | 2.31 | −22.50 | turned to loss | |
| EPS (₹) | −1.57 | 0.79 | −5.69 | turned to loss |
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 United Foodbrands' costs and profit?
Total expenses rose 31.5% year on year to ₹441.98 crore, ahead of the increase in revenue. Cost of materials increased by ₹45.28 crore to ₹148.15 crore, employee cost by ₹18.27 crore to ₹94.40 crore, other expenses by ₹38.82 crore to ₹126.84 crore, finance costs by ₹2.94 crore to ₹23.64 crore and depreciation by ₹0.67 crore to ₹48.95 crore. There was no exceptional item in either quarter.
Other income fell by ₹3.56 crore to ₹4.52 crore from ₹8.08 crore in Q2 FY26, while tax moved by ₹1.03 crore to ₹1.68 crore from ₹0.65 crore. The company nevertheless reported a net loss of ₹6.44 crore, compared with ₹22.50 crore a year earlier. Compared with Q1 FY27, other income was ₹3.28 crore higher, but total expenses were ₹17.28 crore higher, including employee cost of ₹94.40 crore and other expenses of ₹126.84 crore.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 148.15 | 102.87 | +45.28 | +44.0% |
| Employee cost | 94.40 | 76.13 | +18.27 | +24.0% |
| Finance costs | 23.64 | 20.70 | +2.94 | +14.2% |
| Depreciation | 48.95 | 48.28 | +0.67 | +1.4% |
| Other expenses | 126.84 | 88.02 | +38.82 | +44.1% |
| Total expenses | 441.98 | 335.99 | +105.99 | +31.5% |
| Other income | 4.52 | 8.08 | −3.56 | −44.1% |
| Tax | −1.68 | −0.65 | −1.03 |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In H1 FY27, consolidated revenue rose 42.1% to ₹855.24 crore from ₹601.74 crore in H1 FY26. Total income increased 40.7% to ₹861.0 crore from ₹611.75 crore, while EBITDA margin reached 14.0% in Q2 FY27 against 12.4% in Q2 FY26.
The pre-tax loss narrowed to ₹5.68 crore from ₹40.17 crore, and the net loss narrowed to ₹4.13 crore from ₹39.18 crore. Basic EPS was -₹0.78 for H1 FY27, compared with -₹9.88 for H1 FY26.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 855.24 | 601.74 | +42.1% |
| Profit before tax | −5.68 | −40.17 | |
| Net profit | −4.13 | −39.18 | |
| EPS (₹) | −0.78 | −9.88 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
As on 30 September 2026, total assets were ₹1,504.56 crore, compared with ₹1,437.34 crore on 31 March 2026. Total equity was ₹322.32 crore against ₹321.31 crore, borrowings were ₹150.23 crore against ₹134.43 crore, and cash was ₹36.44 crore against ₹25.58 crore. Inventories rose to ₹56.36 crore from ₹43.68 crore, while trade receivables were ₹3.14 crore against ₹3.07 crore and trade payables were ₹160.25 crore against ₹139.15 crore.
H1 FY27 operating cash flow was ₹140.21 crore, compared with ₹87.67 crore in H1 FY26. Investing cash flow was -₹65.06 crore against -₹61.34 crore, financing cash flow was -₹64.29 crore against -₹26.58 crore, and capital expenditure was ₹68.67 crore against ₹56.73 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 1,505 | 1,437 |
| Total equity | 322.32 | 321.31 |
| Borrowings | 150.23 | 134.43 |
| Cash and equivalents | 36.44 | 25.58 |
| Inventories | 56.36 | 43.68 |
| Trade receivables | 3.14 | 3.07 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 140.21 | 87.67 |
| Cash from investing | −65.06 | −61.34 |
| Cash from financing | −64.29 | −26.58 |
| Capital expenditure | 68.67 | 56.73 |
Source: Company's results filing (XBRL).
How has United Foodbrands done over the last 8 quarters?
Revenue has risen year on year for four consecutive quarters. Across the reported sequence, revenue peaked at ₹429.35 crore in Q2 FY27 and reached its lowest point at ₹292.77 crore in Q4 FY25. The latest quarter was marginally above Q1 FY27’s ₹425.90 crore, showing continued growth after the increase from ₹376.57 crore in Q3 FY26.
Profit moved from a peak of ₹5.06 crore in Q3 FY25 to a bottom of ₹22.50 crore in Q2 FY26, then improved to ₹2.31 crore in Q1 FY27 before turning to a net loss of ₹6.44 crore in Q2 FY27. The EBITDA margin bottomed at 12.4% in Q2 FY26, rose to 16.4% in Q1 FY27 and eased to 14.0% in the latest quarter.
What else did the company announce?
The board approved the unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026, along with the limited review reports of the statutory auditors. It also filed an earnings presentation for the conference call on 2 November 2026; the presentation stated that 19 restaurants were under construction and that the company planned to reach 425-450 restaurants by FY30.
The same-day filings did not announce a dividend, fund raise or appointment. The 26 October 2026 intimation said the trading window for designated persons and their immediate relatives would remain closed through 4 November 2026.
What did United Foodbrands' management say?
Management did not reaffirm an FY27 adjusted operating EBITDA margin number and cited inflation slightly above plan. It said the approach remained unchanged: gross-margin recovery, expansion of mature-portfolio restaurant operating margin, maturation of newer cohorts and corporate-overhead leverage, with benefits expected in H2 FY27. Management also set a long-term aspiration of 5-7% same-store sales growth and said average revenue per store was expected to move toward ₹8-9 crore over time from ~₹6.5-7 crore.
Management identified input inflation, a harder comparable base from Q3 and Q4 FY27, longer maturation in newer Mumbai and Delhi markets and initial Thailand setup costs as risks. It said gross margin fell ~30 basis points quarter on quarter. CEO and Whole Time Director Rahul Agarwal said, “I'm not chasing a number on a specific date, but as these levers unlock, this will help.”
How did United Foodbrands shares react?
After the filing appeared, the stock was down 9.5% at each of the 5-minute, 15-minute and 30-minute marks. It closed the reaction day 3.9% below its pre-results close of ₹628.0; by the next day’s close, the stock was down 8.7% from that pre-results close.
On the reaction day, the Restaurants industry median moved 0.2%, so United Foodbrands underperformed the industry by 3.8 percentage points. By the next day’s close, the stock was 8.5 percentage points below the industry median. Earlier results-day moves were 4.8% on 4 August 2026, -9.0% on 19 May 2026, 4.9% on 30 January 2026 and -1.0% on 11 November 2025.
| After the filing | Stock | Restaurants median |
|---|---|---|
| 5 minutes | −9.5% | |
| 15 minutes | −9.5% | |
| 30 minutes | −9.5% | |
| Reaction day | −3.9% | −0.2% |
| Next day | −8.7% | −0.2% |
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 |
|---|---|
| 4 August 2026 | +4.8% |
| 19 May 2026 | −9.0% |
| 30 January 2026 | +4.9% |
| 11 November 2025 | −1.0% |
| 31 July 2025 | −4.1% |
| 22 May 2025 | −3.9% |
| 3 February 2025 | −4.8% |
| 12 November 2024 | −1.1% |
Source: MarketPing price-reaction measurement.
Quick answers
What was United Foodbrands' revenue in Q2 FY27?
Revenue from operations was ₹429.35 crore, up 40.9% from ₹304.76 crore in Q2 FY26 (consolidated).
Did United Foodbrands make a profit in Q2 FY27?
No. It reported a net loss of ₹6.44 crore, against a net loss of ₹22.50 crore in Q2 FY26.
What was United Foodbrands' EPS in Q2 FY27?
Basic loss per share was ₹1.57, against a loss of ₹5.69 in Q2 FY26.
How did United Foodbrands shares react to the Q2 FY27 results?
On the reaction day the stock moved −3.9% from the previous close; the median Restaurants stock moved −0.2%.
When did United Foodbrands announce its Q2 FY27 results?
On 2 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Approval Of Un-Audited Standalone And Consolidated Financial Results Of The Company For The Quarter And Six Months Ended September 30, 2026. (BSE, 26 October 2026) · PDF
- Board Meeting Outcome for Outcome Of The Board Meeting Held On November 2, 2026 (BSE, 2 November 2026) · PDF
- Financial Results For The Quarter And Half Year Ended September 30, 2026 (BSE, 2 November 2026) · PDF
- The earnings call (2 November 2026)
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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