Patanjali Foods Q1 FY27 Results (NSE: PATANJALI)
Signal: Growth reaccelerated
The read
The operating trajectory improved sharply from Q1FY26: revenue growth accelerated to 27.4% from 22.1%, EBITDA grew 63.9% and EBIT margin economics strengthened, led by the edible-oils turnaround; however, EPS fell 38.0% despite PAT growth of 86.1%, and rising segment assets alongside falling depreciation is an earnings-quality area to monitor.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹11,337.45 Cr | 27.4% | 1.6% |
| EBIT | ₹494.47 Cr | 81.6% | |
| Net profit | ₹335.73 Cr | 86.1% | |
| EPS | ₹3.09 | -38.0% | |
| EBIT margin | 4.8% |
P&L walk
Revenue grew 27.4% YoY and EBITDA grew 63.9% to 547.71 lakh, lifting EBITDA margin to 4.8%; lower depreciation and stable raw-material intensity supported EBIT growth of 81.6%, while PAT growth of 86.1% was not reflected in EPS, which fell 38.0%.
Segments
Edible oils drove the operating recovery, with segment result rising 401.8% YoY to 41,219.51 lakh, while FMCG revenue grew faster than the group at 35.4% but its result fell 8.7% to 17,367.00 lakh; wind power remained small but turned profitable at 195.52 lakh from a 190.79 lakh loss.
Key positives
- Revenue reached ₹1,133,745.12 lakh, growing 27.4% YoY and 1.6% QoQ, with FMCG growth of 35.4% and edible-oils growth of 27.3%.
- EBITDA increased 63.9% YoY to ₹547.71 lakh versus revenue growth of 27.4%, while EBITDA margin was 4.8%.
- Edible-oils segment result rose 401.8% YoY from 8,210.87 lakh to 41,219.51 lakh, the clearest operating inflection in the quarter.
- Employee benefits and other expenses grew 18.9% YoY to 97,426.14 lakh, slower than revenue growth, supporting operating-margin improvement.
- Other income was only 443.96 lakh and the XBRL earnings-quality flag was clean, so PAT growth was not materially treasury-income driven.
Key concerns
- EPS declined 38.0% YoY to ₹3.09 even as PAT rose 86.1% to 33,573.39 lakh, with paid-up equity share capital rising to 21,757.59 lakh from 7,248.60 lakh.
- FMCG segment result fell 8.7% YoY to 17,367.00 lakh despite 35.4% revenue growth, pointing to weaker FMCG profitability and mix pressure.
- Finance costs increased 73.7% YoY to 4,124.72 lakh, substantially faster than revenue, although from a low base.
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