Wardwizard Foods & Beverages reports Q2 FY27 loss as revenue falls 96%

Wardwizard Foods & Beverages Limited reported a net loss of ₹238.46 lakh in Q2 FY27 as revenue from operations fell 96% year-on-year to ₹240.19 lakh for the quarter ended September 30, 2026. The result marks a reversal from a ₹58.34 lakh profit in the corresponding quarter of FY26 and highlights the strain from fixed costs and higher finance charges.

What did Wardwizard Foods & Beverages report for Q2 FY27?

Wardwizard Foods & Beverages reported a ₹238.46 lakh net loss for the September 2026 quarter, compared with a ₹58.34 lakh net profit a year earlier. Revenue from operations declined to ₹240.19 lakh from ₹6,743.50 lakh in Q2 FY26, a fall of about 96%.

The revenue contraction was substantially sharper than the reduction in the cost base. Total expenses declined by roughly 92% year-on-year, according to the reported figures. As a result, expenses remained high relative to the much smaller revenue base and the company recorded a loss before tax of ₹256.73 lakh.

The Q2 FY27 result follows a profitable June 2026 quarter, when Wardwizard Foods & Beverages reported revenue of ₹1,703 lakh and profit after tax of ₹131 lakh. The September-quarter numbers therefore indicate a significant sequential deterioration in revenue and profitability based on the available quarterly disclosures.

Which costs weighed on Wardwizard Foods & Beverages' quarterly result?

Finance costs and depreciation were material expenses in relation to Q2 FY27 revenue. Finance costs increased 50% year-on-year to ₹132.39 lakh, while depreciation was relatively stable at ₹111.15 lakh.

Together, these two items amounted to ₹243.54 lakh, slightly above the quarter's ₹240.19 lakh revenue from operations. This comparison illustrates why the company moved into a loss despite the reduction in total expenses. Interest and depreciation do not appear to have reduced in line with the sharp fall in revenue.

The disclosed figures do not specify the operational factors behind the revenue decline or identify a particular customer, product line, or market responsible for it. The results nevertheless show that the company's cost structure had limited flexibility during the quarter, with fixed charges taking up a substantial share of income.

How does the September quarter compare with recent performance?

Wardwizard Foods & Beverages' revenue had been volatile in the quarters preceding Q2 FY27. Revenue was ₹1,320 lakh in June 2025, ₹6,744 lakh in September 2025, ₹11,665 lakh in December 2025, ₹4,045 lakh in March 2026, and ₹1,703 lakh in June 2026. All figures in this comparison have been converted to ₹ lakh for consistency.

For the June 2026 quarter, the company reported profit after tax of ₹131 lakh, compared with a ₹60 lakh loss in December 2025 and a ₹299 lakh profit in March 2026. The September 2026 loss therefore interrupts the improvement reported in the first quarter of FY27.

The available record also shows that Wardwizard Foods & Beverages had reported a ₹200 lakh loss in June 2025 before returning to profit in the following periods. Its quarterly results have consequently shown large variations in both revenue and earnings, making the September-quarter fall important for investors assessing the stability of operations.

What actions did the board take with the Q2 FY27 results?

The board approved the unaudited standalone financial results for Q2 and the first half of FY27 ended September 30, 2026, at its meeting on November 4, 2026. The board had previously announced that it would consider the results at that meeting, while the trading window was closed in advance of the disclosure.

Alongside the results, Wardwizard Foods & Beverages appointed two Additional Non-Executive Independent Directors for five-year terms, subject to shareholder approval. The appointments were recommended by the Nomination and Remuneration Committee.

The company said neither appointee had been debarred from holding office by the Securities and Exchange Board of India or another authority. No names or further details about the directors were included in the supplied information, so the reported announcement does not allow an assessment of their prior experience or expected board responsibilities.

Why does the Q2 FY27 result matter to investors?

The Q2 FY27 result matters because the 96% revenue decline was accompanied by finance costs of ₹132.39 lakh and depreciation of ₹111.15 lakh. When revenue falls sharply, these expenses can have a larger effect on earnings because they do not necessarily decline at the same pace as sales.

For investors, the comparison with Q2 FY26 is particularly notable: Wardwizard Foods & Beverages went from ₹6,743.50 lakh of revenue and ₹58.34 lakh of profit to ₹240.19 lakh of revenue and a ₹238.46 lakh loss. The results provide a clear indication of the scale of the quarterly contraction, but do not state whether it reflects a temporary disruption or a longer-term change in demand or operations.

The earlier June 2026 result had shown revenue of ₹1,703 lakh and profit after tax of ₹131 lakh. The difference between the two FY27 quarters makes subsequent disclosures on sales recovery, borrowing costs, depreciation, and expense control relevant to assessing the company's financial position. The information provided does not disclose guidance or a target for the remainder of FY27.

Conclusion

Wardwizard Foods & Beverages' Q2 FY27 result shows a sharp mismatch between a collapsed revenue base and costs that did not fall by the same proportion. Revenue from operations declined about 96% to ₹240.19 lakh, while the company reported a ₹238.46 lakh net loss, reversing the profit earned in the year-earlier quarter.

The next disclosed event to monitor is the company's future financial reporting after the board approved the Q2 and H1 FY27 standalone results on November 4, 2026. Investors will look for whether revenue moves closer to the ₹1,703 lakh reported in June 2026 and whether finance costs, which rose 50% year-on-year to ₹132.39 lakh, remain a significant earnings burden.