The dairy producer achieved its highest quarterly revenue and gross profit to date in the second quarter of FY27, underpinned by steady volume gains and broader market penetration. Growth was led by protein-rich items, with yoghurt standing out as the single fastest-growing product category. Regulatory crackdowns against unorganised market participants also contributed directly to performance, lifting paneer volumes by roughly 5%. Looking ahead, the business plans to build on these gains by expanding distribution channels and deploying additional capital into manufacturing and milk procurement.
Key points
Expanding value-added dairy offerings helped shield company margins from pressures tied t…: Expanding value-added dairy offerings helped shield company margins from pressures tied to El Nino, agricultural inflation, and geopolitical friction.
Consumer demand for protein-focused items and yoghurt served as primary catalysts for the…: Consumer demand for protein-focused items and yoghurt served as primary catalysts for the firm's rapid operational expansion.
Strategic plans focus on boosting milk procurement capabilities, enhancing facility utili…: Strategic plans focus on boosting milk procurement capabilities, enhancing facility utilisation, and broadening distribution networks to maintain financial momentum.
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The company's revenue and gross profit reached record quarterly highs in the second quarter of FY27, it said in a release.
Growth was supported by steady demand across its product portfolio, both in value and volume terms, expansion into new markets and rising consumption of value-added dairy products. Its protein-focused range was the fastest-growing segment, while yoghurt remained its fastest-growing category during the quarter.
“Despite prevailing agricultural inflation, the impact of El Nino and geopolitical uncertainties, we have achieved higher revenue growth, improved margins and profitability,” said K Rathnam, whole-time director and chief executive officer.
Actions against the unorganised sector have helped improve our paneer volumes by around 5%, he said, adding that the regulator’s enforcement activities will benefit the sector in the long run.
For the first half of FY27, revenue from operations grew 42.5% year-on-year, while EBITDA increased 62.9%. Profit after tax rose 308.4%, the company said.
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