Patanjali Foods reports record Rs 22,660 crore H1 revenue

Patanjali Foods Limited reported its highest-ever H1FY27 revenue from operations of Rs 22,660.03 crore for the half year ended September 30, 2026, up 22.06% year-on-year, while operating earnings before interest, tax, depreciation and amortisation (EBITDA) excluding exceptional items reached Rs 969.03 crore at a 4.28% margin.

What revenue did Patanjali Foods report in H1FY27?

Patanjali Foods reported record revenue from operations of Rs 22,660.03 crore in H1FY27, according to its standalone performance summary released on November 14, 2026. The company described the result as its highest-ever half-yearly revenue and said growth was 22.06% year-on-year for the half year ended September 30, 2026.

The half-year result included Q2FY27 revenue from operations of Rs 11,322.58 crore, up 15.55% from Rs 9,798.84 crore in Q2FY26. The reported H1FY27 growth rate of 22.06% was higher than the Q2FY27 growth rate, although the announcement does not separately disclose Q1FY27 revenue or H1FY26 revenue.

Patanjali Foods also disclosed total-income-basis EBITDA of Rs 1,057.38 crore for H1FY27, compared with operating EBITDA of Rs 969.03 crore excluding exceptional items. The announcement does not provide a reconciliation between the two measures, so they represent separately disclosed earnings measures.

How profitable was Patanjali Foods in H1FY27?

Patanjali Foods reported H1FY27 operating EBITDA excluding exceptional items of Rs 969.03 crore, equal to a 4.28% margin, and profit before tax of Rs 862.36 crore, equal to a 3.79% margin. These measures were reported against H1FY27 revenue from operations of Rs 22,660.03 crore.

In Q2FY27, operating EBITDA excluding exceptional items was Rs 425.63 crore at a 3.76% margin, while profit before tax was Rs 409.02 crore at a 3.59% margin. Quarterly gross profit was Rs 1,439.14 crore, producing a gross-profit margin of 12.62%, and advertising and sales-promotion spending accounted for about 1.35% of revenue from operations.

The disclosed H1FY27 operating EBITDA margin of 4.28% was 0.52 percentage points above the Q2FY27 margin of 3.76%. However, the filing does not provide a separate Q1FY27 operating EBITDA figure, so it does not identify the first-quarter contribution to the half-year margin.

Patanjali Foods reported Q2FY27 total-income-basis EBITDA of Rs 509.55 crore, above the Rs 425.63 crore operating EBITDA measure excluding exceptional items. The release does not state the items that bridge those two quarterly figures.

Which Patanjali Foods businesses drove the reported sales?

Patanjali Foods' fast-moving consumer goods (FMCG) segment generated H1FY27 revenue of Rs 5,861.23 crore and EBITDA of Rs 410.85 crore. FMCG contributed 25.57% of revenue from operations excluding inter-segment revenue and 36.28% of EBITDA excluding unallocable income during the half year.

In Q2FY27, FMCG revenue was Rs 2,923.48 crore and EBITDA was Rs 221.33 crore, resulting in a 7.57% EBITDA margin. The edible-oils segment generated Q2FY27 revenue of Rs 8,532.25 crore, up 22.39% year-on-year, and EBITDA of Rs 256.22 crore at a 3.00% margin; it therefore generated higher revenue than FMCG, while FMCG reported the higher segment margin.

The biscuits division recorded Q2FY27 revenue of Rs 638.31 crore, up 27.69% year-on-year, with an EBITDA margin of 11.91% versus 9.79% in Q2FY26. H1FY27 biscuits revenue was Rs 1,198.45 crore, up 27.52% year-on-year, and its half-year EBITDA margin was 13.52%.

Consumer staples generated H1FY27 revenue of Rs 1,949.06 crore, while home and personal care contributed Rs 1,343.04 crore, ghee generated Rs 525.42 crore, and other food categories produced Rs 400.16 crore. Patanjali Foods also reported Q2FY27 wind-turbine power-generation revenue of Rs 10.63 crore.

What factors and plans did Patanjali Foods identify?

Patanjali Foods said retail inflation rose from about 4.45% in July 2026 to 4.82% in August and 5.54% in September, while food inflation reached 7.7%. The company said a deficient monsoon and El Niño conditions affected rural sentiment, while non-farm rural activity supported household incomes and festive-season demand.

Management said the timing of festive demand shifted because Navratri began in October in 2026 rather than September in the prior year, while Pitru Paksha in September deferred some festive-led purchases. Chief Executive Officer Sanjeev Asthana said the company expected momentum to continue through the wedding season, while the release noted that forward-looking statements are subject to risks and uncertainties.

The company noted that effective import duty on crude palm and crude soybean oil fell to 11.0% from 16.5% on September 24, 2026, while duty on crude sunflower oil fell to 5.5% from 16.5%. It also cited dry weather affecting Indonesian palm output, Indonesia's B50 biodiesel mandate and US soybean-oil demand for biofuel as factors affecting vegetable-oil markets.

Patanjali Foods' oil-palm plantation business generated Q2FY27 revenue of Rs 742.29 crore. As of September 30, 2026, its area under cultivation was 1.27 lakh hectares, about 34% of which was in the prime yielding phase of seven to 25 years, against total allocated area of 6.63 lakh hectares.

Conclusion

Patanjali Foods paired 22.06% H1FY27 revenue growth with a 4.28% operating EBITDA margin, while its Q2FY27 segment disclosures showed edible oils generating Rs 8,532.25 crore of revenue and FMCG delivering a 7.57% EBITDA margin. The results also showed biscuits revenue rising 27.69% year-on-year to Rs 638.31 crore in Q2FY27.

The next results will show whether management's stated premiumisation, FMCG expansion, edible-oils scaling and oil-palm plantation expansion translate into further changes in sales and segment earnings. Investors can also track the 1.27 lakh hectares under cultivation and the proportion of plantation area moving through the seven-to-25-year yielding phase.