Patanjali Foods (PATANJALI) Q2 25/26 earnings summary

Executive summary

• Achieved record-high quarterly and half-yearly revenue and profitability in Q2FY26 and H1FY26, with Q2 revenue at ₹9,798.84 crore, driven by strong FMCG and edible oil performance, strategic market focus, and brand building.

• FMCG segment, reclassified to include Food, FMCG, and HPC, contributed 29.44% of Q2FY26 revenue with a 12.28% EBITDA margin.

• Oil palm plantation area surpassed 1 lakh hectares as of September 2025, marking a significant expansion milestone.

• Issued bonus shares in a 2:1 ratio and allotted equity shares under ESOP, increasing paid-up equity capital.

• Approximately 55%–85% of the FMCG portfolio is expected to benefit from GST rate reductions.

Financial highlights

• Q2FY26 revenue grew 20.95% YoY to ₹9,798.84 crore; EBITDA was ₹603.32 crore (6.13% margin); gross profit margin at 15.26%.

• H1FY26 revenue reached ₹18,565 crore, EBITDA ₹937.50 crore, and PAT ₹697.09 crore.

• FMCG Q2FY26 revenue was ₹2,914 crore (+30.1% YoY), EBITDA margin 12.28%.

• Edible oil Q2FY26 revenue was ₹6,972 crore (+17.2% YoY), with 76% branded sales and 3.53% EBITDA margin.

• Export turnover in H1FY26 was ₹91.03 crore; wind turbine power generation segment revenue was ₹25.20 crore.

Outlook and guidance

• GST rationalization and reforms are expected to drive long-term consumption, efficiency, and volume growth, with 85% of the FMCG portfolio now at a 5% GST rate.

• Anticipates 300–400 basis points volume growth in coming months, with higher revenue expected and positive consumer sentiment.

• Continued expansion in oil palm plantations and investments in food processing to drive future growth.

• Strong demand expected in H2FY26, supported by GST reforms, easing inflation, and positive rural and urban trends.