Krishival Foods Q2 EBITDA Rises 64% to ₹13.87 Crore

Krishival Foods Limited reported consolidated Q2 FY27 revenue from operations of ₹85.66 crore, up 28% year-on-year, while EBITDA increased 64% to ₹13.87 crore and the reported EBITDA margin expanded to 16% for the quarter ended September 30, 2026.

What did Krishival Foods report for Q2 FY27?

Krishival Foods reported higher revenue and operating profit in the September 2026 quarter, supported by growth in both its healthy snacks and ice cream businesses. The company sells dry fruits and nuts under the Krishival brand and ice cream under Melt N Mellow. Its stated Q2 revenue from operations was ₹85.66 crore, compared with ₹66.67 crore in Q2 FY26.

The company said consolidated EBITDA rose to ₹13.87 crore from ₹8.44 crore a year earlier. This represented 64% year-on-year growth, ahead of the 28% increase in revenue. The reported EBITDA margin widened to 16% from 12% in the corresponding quarter, indicating a higher operating profit relative to sales.

A separate investor-presentation extract in the available information cited quarterly EBITDA of ₹14.77 crore, up 53% year-on-year, and an EBITDA margin of 17.24%. The source material does not explain the difference between this figure and the ₹13.87 crore EBITDA stated in the company’s results release. Investors should therefore distinguish between the reported figures and await any reconciliation provided in the company’s financial disclosures or conference call.

The available Q2 data also cited total income of ₹88.63 crore, up 29% year-on-year, and profit after tax of ₹6.82 crore, up 18%. The cited net profit margin was 7.96%, compared with 8.70% a year earlier, despite the improvement in EBITDA margin.

Which Krishival Foods businesses drove quarterly growth?

Krishival Foods' ice cream division recorded the faster revenue growth in Q2 FY27, while the healthy snacks division remained the larger contributor to sales. The healthy snacks business, operating under the Krishival Nuts brand, reported revenue from operations of ₹63.16 crore, up 19% from ₹53.03 crore in Q2 FY26.

Healthy snacks accounted for 74% of total Q2 revenue based on the investor-presentation extract. The division reported EBITDA of ₹10.44 crore, a 33% increase from ₹7.86 crore a year earlier. This business remains the company’s main revenue base and was described by management as a strong and profitable foundation.

The Melt N Mellow ice cream division reported revenue of ₹22.50 crore, up 65% from ₹13.62 crore in the year-ago quarter. Its EBITDA increased to ₹3.54 crore from ₹0.54 crore, representing 557% year-on-year growth. The strong percentage gain reflects both revenue expansion and the relatively low EBITDA base in Q2 FY26.

The company has been expanding the distribution infrastructure used for its ice cream business. The available presentation data showed more than 18,750 deep freezers, including 1,472 added during Q2 FY27, and more than 205 distributors, with 85 added in the quarter. These additions are relevant because frozen products require dedicated storage and distribution capacity.

How did Krishival Foods perform in the first half of FY27?

Krishival Foods reported H1 FY27 revenue from operations of ₹174.62 crore, up 50% year-on-year, while EBITDA rose 63% to ₹24.56 crore. The first-half performance combines the June and September 2026 quarters and reflects growth across the company’s two operating divisions.

In the preceding June 2026 quarter, the company reported revenue of ₹89.0 crore, up 79.6% from ₹49.5 crore a year earlier. Profit for that quarter was ₹5.60 crore, compared with ₹4.40 crore in the prior-year period. The June-quarter figures provide context for the H1 result, which includes a slower but still positive Q2 revenue growth rate.

Management had guided for 50% consolidated top-line growth and 50% bottom-line growth for FY27 during its September 29, 2026 results call covering the June quarter. The H1 revenue growth rate of 50% matches that stated topline growth objective, although the source does not provide a full-year earnings outcome or revised guidance.

The company has also disclosed a longer-term target of ₹1,500 crore in consolidated revenue by FY29, compared with approximately ₹290 crore in FY26. It has referred to a goal of 50% growth in sales and profit after tax. These are company targets rather than reported financial results, and their achievement will depend on operating performance over the remaining period.

What do the Q2 figures mean for investors and the food-products market?

The Q2 results show that Krishival Foods expanded operating profit faster than revenue, according to the company’s reported EBITDA figures. The improvement in the reported EBITDA margin from 12% to 16% suggests that operating profitability increased during the quarter, while the ice cream division delivered substantially higher sales from a smaller base.

However, the profit-after-tax margin cited in the available presentation declined by 74 basis points to 7.96%. This means that the increase in EBITDA margin did not translate into a higher net profit margin in the cited comparison. The provided material does not specify the expenses or other items behind that change, so no further conclusion can be drawn from the available information.

For the packaged-foods sector, Krishival Foods' results illustrate the role of distribution capacity in scaling temperature-sensitive categories such as ice cream. The growth in deep freezers and distributors coincided with 65% revenue growth in the ice cream division. Meanwhile, dry fruits and nuts continued to account for most company revenue, giving the group a larger established business alongside its expanding ice cream operation.

The supplied technical sentiment signal for the stock is Strong Sell. This is a market-sentiment indicator and is separate from the company’s operating results. Investors evaluating the shares may consider the reported financial growth, the difference between the two cited EBITDA figures, execution against FY27 guidance, and any disclosures made during the scheduled investor call.

Conclusion

Krishival Foods delivered reported Q2 FY27 revenue growth of 28% and EBITDA growth of 64%, with its disclosed EBITDA margin reaching 16%. Healthy snacks remained the largest business by revenue, while Melt N Mellow ice cream posted the faster growth rate and benefited from a wider distribution network.

The next disclosed event is an analyst and investor conference call scheduled for November 5, 2026, at 9:30 a.m. IST to discuss unaudited Q2 and H1 FY27 results. Investors will watch for management’s comments on the two EBITDA figures cited in the available material, FY27 growth guidance, and progress toward the FY29 revenue target.