Hindustan Foods Q1 FY27 Results (NSE: HNDFDS)
Signal: Steady quarter
The read
The trajectory remains constructive: total income increased 18% to ₹1,207.0 crore, EBITDA rose 26% to ₹106.25 crore and PAT grew 33% to ₹42.76 crore, while ₹340 crore of FY27 projects and ₹500+ crore of expected commercialisations support future capacity growth; the key watchpoints are footwear cost pass-through, Silvassa's recovery by end-August and revenue-recognition moderation in Q2 and Q3.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹1,201.08 Cr | +18% | N/A |
| EBIT | ₹80.07 Cr | N/A | |
| Net profit | ₹42.76 Cr | +33% | |
| EPS | ₹3.53 | N/A | |
| EBIT margin | 8.8% |
P&L walk
Consolidated total income rose 18% to ₹1,207.0 crore, EBITDA grew faster at 26% to ₹106.25 crore and PAT increased 33% to ₹42.76 crore; profitability benefited from execution and GST-inversion mitigation, while footwear faced raw-material and wage-cost pressure.
Segments
No segment results table was disclosed; consolidated PAT of ₹42.76 crore was only ₹1.95 crore above standalone PAT of ₹40.81 crore, indicating limited profit contribution from subsidiaries or other consolidation adjustments in this quarter.
Key positives
- EBITDA increased 26% to ₹106.25 crore against total income growth of 18%, while PAT rose 33% to ₹42.76 crore, showing faster profit growth than sales in Q1FY27.
- The company approved an additional ₹190 crore of FY27 expansion investments, taking total FY27 projects to ₹340 crore, with ₹500+ crore of projects expected to be commercialised during the year.
- Food and beverages received ₹210 crore of planned investments, while ice cream and home and personal care received ₹80 crore and ₹50 crore respectively, broadening the capacity pipeline across categories.
- Management reported record production volumes in the ice cream and beverages businesses during the summer season and cited new customer additions, product launches and capacity ramp-up as growth drivers.
Key concerns
- Footwear faced temporary raw-material cost pressure from the Middle East crisis and an exceptional wage revision in Haryana; customer pass-through discussions are ongoing, so margin protection is not yet proven.
- The Silvassa home and personal care facility was disrupted by record rains and was only partially resumed at the time of the release, with full operations targeted by end-August.
- Certain businesses will transition revenue recognition methodology in Q2 and Q3 FY27, which management said will moderate reported revenue even without affecting absolute profitability.
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