Overview
- Consolidated revenue rose to Rs 3,482 crore in Q2 FY26, while net profit dipped 0.7% year-on-year.
- EBITDA increased modestly to around Rs 560 crore, with the margin contracting to 16.1% on sharp commodity inflation, especially copra.
- India volumes grew 7% as trade channels adjusted to GST rate rationalisation, with domestic revenue at about Rs 2,667 crore.
- Parachute rigid oils saw a roughly 3% volume decline due to steep price hikes, while value-added hair oils grew 16% and digital-first brands accelerated; foods growth slowed to about 12%.
- International sales maintained double-digit momentum at roughly 20% constant-currency growth, as Goldman Sachs, Jefferies and Motilal Oswal reiterated Buy calls with higher targets (Rs 830, Rs 865 and Rs 850) and management guided for H2 margin improvement and ongoing distribution expansion under Project SETU.