Patanjali Foods Q2 FY27: Profit -19% to ₹420 Cr, Rev +16%

📊 Patanjali Foods PATANJALI Q2 FY27 is out — revenue grew 15.6% but profit fell ~19%. What is going on inside? Let's break it down 👇 ✅ Revenue from operations: ₹11,322.6 Cr vs ₹9,798.8 Cr (+15.55% YoY) ✅ Net profit: ₹419.8 Cr vs ₹516.7 Cr a year ago (~19% lower) ✅ Operating EBITDA: ₹425.6 Cr, margin just ~3.8% ✅ Edible oils: ₹8,532 Cr revenue (+22% YoY) but EBITDA margin only ~3.0% ✅ FMCG: ₹2,923 Cr revenue with a better ~7.6% EBITDA margin ✅ Biscuits: ₹638 Cr (+27.7% YoY), margin up to 11.9% from 9.8% ✅ Management cites festive timing — Navratri fell in October this year vs September last year 📌 Key learning: in a commodity-heavy business, top-line growth does not always mean profit growth. Track the mix — the share of higher-margin FMCG and biscuits is what can change the margin story over time. 💬 Your view: should edible-oil-heavy companies be judged on revenue growth or on margins? Comment below! 📲 For daily market notes, search "Neha Gupta SEBI RA" on Telegram and join the FREE channel. Neha Gupta | SEBI Registered Research Analyst | Reg. No. INH000016542 ⚠️ Disclaimer: This content is for educational purposes only and is not investment advice or a buy/sell recommendation. Investments in the securities market are subject to market risks. Read all related documents carefully before investing.