Annapurna reports Rs 9.81 cr profit with limited other-income support
The consolidated quarter generated Rs 20.55 cr of operating profit, while Rs 4.8 cr of interest and a 25.68% tax rate reduced earnings below that level.
Filed 18 Aug 2026, 19:51 IST · after market close · ANNAPURNA (ANNAPURNA)
Key takeaways
- Other income of Rs 0.45 cr was small relative to Rs 13.2 cr consolidated pre-tax profit, so reported earnings were not mainly supported by non-operating income.
- Interest of Rs 4.8 cr and depreciation of Rs 3.0 cr reduced consolidated operating profit of Rs 20.55 cr to pre-tax profit of Rs 13.2 cr.
- Management said Madhur Confectionery is expected to contribute about Rs 200 cr of revenue and Rs 16 cr of PAT in FY28.
Operating earnings were not driven by other income
Annapurna reported consolidated revenue of Rs 126.76 cr and operating profit of Rs 20.55 cr in Q1FY27, implying a 16.21% operating margin. Interest of Rs 4.8 cr and depreciation of Rs 3.0 cr reduced operating profit to Rs 13.2 cr of pre-tax profit. Other income was Rs 0.45 cr, while the 25.68% tax rate resulted in net profit of Rs 9.81 cr.
Management links FY28 targets to capacity and new products
The presentation said production capacity had risen from 73.5 MT per day in FY23 to 180.80 MT per day in FY26, while the Madhur Confectionery acquisition provides access to a 90-tonne-per-day facility. Management said the company is targeting revenue of about Rs 1,100 cr and PAT of about Rs 100 cr by FY28. The company also said it had launched the OFFSIDE and ZIMBA FMCG brands and was using a research-driven go-to-market approach.
Market reaction was not yet available
The consolidated results were filed after market close on 18 Aug 2026, so the stock response falls outside this update. There is no post-results reaction to assess against the stock's history.
Q1FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹127 cr |
| Other income | ₹0 cr |
| Expenses | ₹106 cr |
| Operating profit | ₹21 cr |
| Operating margin (%) | 16.21% |
| Interest | ₹5 cr |
| Depreciation | ₹3 cr |
| Profit before tax | ₹13 cr |
| Tax | ₹3 cr |
| Net profit | ₹10 cr |
| EPS (₹) | ₹4.50 |
What management said
From the company’s own investor presentation. Each point is checked against the source document before it appears here.
Guidance & outlook
- Madhur Confectionery is expected to contribute about ₹200 crore in revenue and ₹16 crore in PAT in FY28.
- The company is targeting revenues of about ₹1,100 crore by FY28.
- The company is targeting PAT of about ₹100 crore by FY28.
Expansion
- Production capacity increased from 73.5 MT per day in FY23 to 180.80 MT per day in FY26.
- The Madhur Confectioners acquisition provides access to a facility with 90 tonnes per day capacity.
- Andri Agro Foods has capacity of 4,20,000 tonnes per annum.
New initiatives
- The company unveiled the new FMCG brands OFFSIDE and ZIMBA.
- The company plans to scale capacity and reach through resource efficiency, value-added products and strategic outsourcing.
- The company is using a research-driven go-to-market approach for product launches.
What to watch
- Whether operating margin holds above 16.21% in the next quarter.
- Whether Madhur Confectionery progresses toward management's FY28 expectations of Rs 200 cr revenue and Rs 16 cr PAT.
- Progress toward the company's stated FY28 targets of Rs 1,100 cr revenue and Rs 100 cr PAT.