Goodricke Group Q1 FY27 Results (BSE: 500166)
Signal: Steady quarter
The read
The operating inflection is meaningful: revenue rose 21.1% YoY on a 41% increase in own crop, raw-material intensity fell to 25.5% from 28.6%, and EBITDA reached ₹4,238 lakh with a 20.1% margin. However, PAT of ₹4,087 lakh includes a ₹560 lakh exceptional gain, while the auditor again qualified the valuation of finished-tea inventory, so the sustainability of the earnings step-up requires confirmation in subsequent quarters.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹211.3 Cr | 21.1% | +103.5% |
| EBIT | ₹38 Cr | 929.8% | |
| Net profit | ₹40.87 Cr | 1181.2% | |
| EPS | ₹18.92 | 1178.4% | |
| EBIT margin | 20.1% |
P&L walk
Standalone revenue increased to ₹21,130 lakh, +21.1% YoY, supported by 41% higher own crop and better realisations; lower raw-material intensity expanded the gross-margin proxy to 74.5% from 71.4%, while EBITDA rose +411.2% to ₹4,238 lakh and PAT reached ₹4,087 lakh, including a ₹560 lakh exceptional gain.
Key positives
- Revenue reached ₹21,130 lakh, +21.1% YoY, with own crop up 41%, indicating a volume-led improvement rather than purely price-led growth.
- Raw-material cost declined to 25.5% of revenue from 28.6% YoY, expanding the gross-margin proxy by approximately 310bps.
- Employee costs rose only 3.4% YoY versus 21.1% revenue growth, while finance costs declined 70.3% to ₹65 lakh.
- EBITDA increased +411.2% YoY to ₹4,238 lakh and EBITDA margin was 20.1%, supported by higher crop, better realisations and cost initiatives stated by management.
Key concerns
- PAT of ₹4,087 lakh includes a ₹560 lakh exceptional gain from the sale of specified tea-estate assets, making the reported earnings growth less representative of recurring operations.
- The filing does not disclose a comparable prior-quarter EBITDA or margin, limiting sequential assessment despite revenue growth of 103.5% from Q4FY26.
Research and educational content only. Not investment advice.