Patanjali Foods biscuits revenue rises 28% as margin reaches 11.91%

Patanjali Foods Limited reported record biscuits revenue of Rs. 638.31 crore in Q2FY27, the quarter ended September 30, 2026, up 27.69% year on year, while its earnings before interest, tax, depreciation and amortisation (EBITDA) margin rose to 11.91% from 9.79%. The division also posted record H1FY27 revenue of Rs. 1,198.45 crore.

How did Patanjali Foods’ biscuits business perform in Q2FY27?

Patanjali Foods’ biscuits division delivered its highest-ever quarterly revenue of Rs. 638.31 crore in Q2FY27, a 27.69% increase from Q2FY26. The company also described its Rs. 1,198.45 crore revenue in the first half of FY27, or H1FY27, as its highest-ever half-yearly biscuits revenue, representing 27.52% growth from the comparable prior-year half.

The division’s EBITDA margin increased by 2.12 percentage points to 11.91% in Q2FY27 from 9.79% in Q2FY26. Its H1FY27 EBITDA margin was 13.52%, above the quarterly figure, although the announcement did not disclose absolute biscuits EBITDA or the division’s H1FY26 margin.

Biscuits was one of the larger disclosed fast-moving consumer goods (FMCG) categories in Q2FY27. Consumer staples generated Rs. 838.84 crore and Home & Personal Care generated Rs. 713.88 crore, while biscuits generated Rs. 638.31 crore, ahead of ghee at Rs. 306.34 crore and textured soya products at Rs. 185.56 crore.

What supported Patanjali Foods’ biscuits sales despite higher input prices?

Patanjali Foods said its Doodh biscuit brand generated about Rs. 475 crore of revenue in Q2FY27, representing a substantial part of the division’s Rs. 638.31 crore quarterly sales. The company described Doodh as a Rs. 1,300 crore brand, but did not provide its year-on-year growth, volumes, pricing changes or geographic sales mix.

The margin improvement came while wheat, milk and sugar prices were rising during the quarter, according to Patanjali Foods. The filing does not assign the increase in margin from 9.79% to 11.91% to pricing, product mix, procurement or manufacturing efficiency, so it establishes the reported outcome rather than a specific cause.

Patanjali Foods said retail inflation rose from about 4.45% in July 2026 to 4.82% in August and 5.54% in September 2026. Food inflation reached 7.7%, providing the broader context for the higher prices of the three key biscuit ingredients identified by the company.

How important was FMCG to Patanjali Foods’ Q2FY27 results?

Patanjali Foods’ FMCG segment generated Rs. 2,923.48 crore of revenue and Rs. 221.33 crore of EBITDA in Q2FY27, producing a 7.57% EBITDA margin. FMCG accounted for 25.50% of revenue from operations, excluding inter-segment revenue, but 45.04% of EBITDA, excluding unallocable income, making its share of segment earnings higher than its share of sales.

For H1FY27, FMCG revenue was Rs. 5,861.23 crore and EBITDA was Rs. 410.85 crore. The segment contributed 25.57% of revenue from operations excluding inter-segment revenue and 36.28% of EBITDA excluding unallocable income, compared with its 45.04% quarterly EBITDA contribution.

Patanjali Foods reported total Q2FY27 revenue from operations of Rs. 11,322.58 crore, up 15.55% from Rs. 9,798.84 crore in Q2FY26. Operating EBITDA excluding exceptional items was Rs. 425.63 crore, with a 3.76% margin, compared with the FMCG segment’s disclosed 7.57% margin.

Which Patanjali Foods FMCG categories changed fastest in Q2FY27?

Patanjali Foods’ Home & Personal Care category reported Rs. 713.88 crore of Q2FY27 revenue, up 11.06% year on year. Skin Care was the fastest-growing disclosed subcategory, rising 25.58% to Rs. 187.50 crore, while Home Care rose 17.53% to Rs. 91.07 crore, Hair Care rose 8.13% to Rs. 55.45 crore, and Dental Care rose 4.56% to Rs. 378.15 crore.

Textured soya products generated Rs. 185.56 crore in Q2FY27, up 16.40% year on year, and Rs. 345.11 crore in H1FY27, up 15.42%. Beverages contributed Rs. 21.19 crore in the quarter and Rs. 59.18 crore in the half year, while nutraceuticals contributed Rs. 21.40 crore and Rs. 39.24 crore respectively.

Other food categories, including honey, dry fruits, spices and condiments, herbal products and other food products, generated Rs. 197.23 crore in Q2FY27 and Rs. 400.16 crore in H1FY27. Ghee generated Rs. 306.34 crore in the quarter and Rs. 525.42 crore in the half year, leaving both categories below biscuits in the disclosed Q2FY27 revenue comparison.

What is Patanjali Foods doing after the Q2FY27 biscuits result?

Patanjali Foods said it ran marketing campaigns during Q2FY27 to capture festive demand and refreshed packaging for selected products to improve shelf visibility and consumer pick-up. Advertising and sales-promotion spending was about 1.35% of quarterly revenue from operations, but the company did not disclose the proportion directed to biscuits or Doodh.

The company added products across food and Home & Personal Care, including namkeen, Patanjali Bel Murabba, Patanjali Balprash and Patanjali Amla Murabba. Personal-care launches included Dant Kanti Advance at Rs. 20, Kesh Kanti Milk Protein shampoo sachets at Rs. 1, Super Dishwash Gel with Rakh & Lemon, and Super Disinfectant Toilet Cleaner.

Management said festive demand timing shifted because Navratri began in October 2026, compared with September in the previous year, while Pitru Paksha during September deferred some festive-led purchases. Chief Executive Officer Sanjeev Asthana said Patanjali Foods expects growth momentum to continue through the festive and wedding seasons, while pursuing premiumisation, portfolio expansion and operating efficiencies.

Conclusion

Patanjali Foods’ Q2FY27 disclosures show biscuits growing faster than company-wide revenue, with sales up 27.69% to Rs. 638.31 crore against total revenue growth of 15.55%. The 2.12-percentage-point biscuits margin expansion to 11.91% occurred despite upward trends in wheat, milk and sugar prices, while FMCG supplied 45.04% of EBITDA excluding unallocable income.

The next disclosures will show whether Doodh, which generated about Rs. 475 crore in Q2FY27, sustains its contribution after the festive period and amid 7.7% food inflation. Management’s stated priorities of premiumisation, FMCG product additions, e-commerce and quick-commerce expansion, and operating efficiencies will be relevant to future FMCG revenue and margin updates.