Amrutanjan Healt Q1 FY27 Results (NSE: AMRUTANJAN)
Signal: Margin pressure
The read
The quarter marks a sharp operating slowdown: revenue rose 9.5% YoY to ₹10,296.88 lakh, but EBITDA fell 21.8% to ₹10.06 Cr and margin contracted 390bps to 9.8%; the ₹202.75 lakh lease-rent exceptional charge made the PAT decline steeper at 47.4%, while the loss-making ₹3,635.77 lakh Women's Hygiene & Personal Care segment remains the main execution drag.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹102.97 Cr | 9.5% | -31.2% |
| EBIT | ₹8.14 Cr | -28.2% | |
| Net profit | ₹4.37 Cr | -47.4% | |
| EPS | ₹1.51 | -47.4% | |
| EBIT margin | 9.8% |
P&L walk
Revenue increased to ₹10,296.88 lakh, +9.5% YoY but -31.2% QoQ; EBITDA fell 21.8% YoY to ₹10.06 Cr and margin contracted to 9.8%, while PAT declined 47.4% to ₹436.57 lakh after a ₹202.75 lakh exceptional lease-rent charge.
Segments
OTC Products remained the only material profitable segment at ₹987.44 lakh result, while Women's Hygiene & Personal Care generated ₹3,635.77 lakh revenue but a ₹287.61 lakh loss and Beverages posted a ₹125.98 lakh loss; the new women's-hygiene plant therefore has yet to translate into segment profitability.
Key positives
- Revenue increased 9.5% YoY to ₹10,296.88 lakh, led partly by Women's Hygiene & Personal Care revenue growth of 10.2% YoY to ₹3,635.77 lakh.
- OTC Products remained profitable with ₹987.44 lakh segment result on ₹5,725.83 lakh revenue.
- EPS tracked PAT, both declining 47.4% YoY, so the quarter does not show a dilution-driven earnings-quality divergence.
- The company commissioned a new ₹150 crore greenfield sanitary-napkin plant with stated annual capacity of 700 million units, creating future capacity for the women's-hygiene business.
Key concerns
- EBITDA declined 21.8% YoY to ₹10.06 Cr despite 9.5% revenue growth, and EBITDA margin fell 390bps to 9.8%.
- Women's Hygiene & Personal Care remained loss-making at ₹287.61 lakh on ₹3,635.77 lakh revenue, with the loss wider than ₹272.16 lakh YoY.
- Beverages revenue fell 69.8% YoY to ₹863.59 lakh and segment result was negative at ₹125.98 lakh.
- Revenue declined 31.2% QoQ and PAT declined 78.1% QoQ, indicating a substantially weaker quarter-on-quarter earnings conversion.
Earnings quality: includes other income and an exceptional item
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