BSECompany Update4d ago · 5 Nov 2026, 05:55 pm
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Hindustan Foods Ltd · 519126
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Hindustan Foods Ltd announced its unaudited financial results for the quarter ending 30th September 2026, with a 18% increase in total income to Rs 2,476 Crores in H1FY27 and a 26% increase in EBITDA to Rs 222 Crores in H1FY27. The company reaffirmed its full year guidance despite operational challenges and geopolitical uncertainties.
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Hindustan Foods Ltd - 519126 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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HINDUSTAN FOODS LIMITED
A Vanity Case Group Company
A Government Recognised Two Star Export House
Registered Office: Office No. 3, Level 2, Centrium, Phoenix Market City,
15, Lal Bahadur Shastri Road, Kurla (West), Mumbai, Maharashtra, India, 400 070.
Email: business@thevanitycase.com, Website: www.hindustanfoodslimited.com
Tel. No.: +91 22 6980 1700/01, CIN: L15139MH1984PLC316003
Date: November 5, 2026
To, To,
The General Manager The Manager,
Department of Corporate Services National Stock Exchange of India Limited,
BSE Limited Listing Department,
Floor 25, P. J. Towers, Dalal Street, Exchange Plaza, C-1, Block G,
Mumbai- 400 001 Bandra Kurla Complex,
Tel: (022) 2272 1233 / 34 Bandra (East), Mumbai 400 070
Company Scrip Code: 519126 Company Symbol: HNDFDS
Dear Sir/Madam,
Subject: Press Release
Please find attached the press release titled “Hindustan Foods Delivers Resilient Q2 &
H1 FY27; Reaffirms Full Year Guidance”.
The disclosure is made in compliance with Regulation 30 of the SEBI (Listing Obligations
and Disclosure Requirements) Regulations, 2015.
This is for your information and record.
Thanking you.
Yours faithfully,
For Hindustan Foods Limited
Bankim Purohit
Company Secretary and Legal Head
ACS: 21865
Encl. As above
Investor Release
Hindustan Foods Delivers Resilient Q2 & H1 FY27; Reaffirms Full Year Guidance
Hindustan Foods Limited (“HFL” or the “Company”), a diversified FMCG contract manufacturer,
announced its unaudited financial results for the quarter ending 30th September 2026.
Key Consolidated Financial Highlights for H1FY27 are as follows:
• Total Income increased by 18% to Rs 2,476 Crores in H1FY27 from Rs 2,098 Crores in H1FY26
• EBITDA increased by 26% to Rs 222 Crores in H1FY27 from Rs 176 Crores in H1FY26
• PBT increased by 28% to Rs 118 Crores in H1FY27 from Rs 92 Crores in H1FY26
• Adj. PAT increased by 30% to Rs 89 Crores in H1FY27 from Rs 69 Crores in H1FY26
Key Consolidated Financial Highlights for Q2FY27 are as follows:
• Total Income increased by 18% to Rs 1,269 Crores in Q2FY27 from Rs 1,076 Crores in Q2FY26
• EBITDA increased by 26% to Rs 115 Crores in Q2FY27 from Rs 92 Crores in Q2FY26
• PBT increased by 25% to Rs 61 Crores in Q2FY27 from Rs 49 Crores in Q2FY26
• Adj. PAT increased by 22% to Rs 46 Crores in Q2FY27 from Rs 38 Crores in Q2FY26
Note: Q2 & H1 FY27 PAT excludes one-time exceptional loss of Rs. 1.3 crore owing to deductible on insurance policy arising from
floods at our Silvassa facility
Commenting on the results, Sameer R. Kothari, Managing Director said, “We have continued to
deliver healthy growth in both Q2 FY27 and H1 FY27, demonstrating the resilience of our diversified
manufacturing platform despite geopolitical uncertainties and operational challenges.
We navigated operational challenges arising from approximately 1.5 months of disruption at Silvassa
due to floods, along with a delayed ramp-up of the newly commissioned Liquid Detergent facility.
Despite these challenges, we delivered adjusted PAT of Rs. 46 crore in Q2 FY27, up 22% YoY, while H1
FY27 adjusted PAT grew 30% to Rs. 89 crore.
Our teams responded to these challenges with speed and agility while continuing to serve our
customers seamlessly. The operational headwinds faced in H1 FY27 are now easing. Our footwear
business has returned to profitability, and we expect a ramp up in profitability from hereon.
We are witnessing strong volume growth across our end user markets, supported by a robust demand
environment. Based on the discussions with our customers, we believe that there are numerous growth
opportunities leading to a strong pipeline beyond the projects that are nearing commercialization.
To capitalize on these opportunities and support our next phase of growth, we have strengthened our
leadership team with the appointment of business heads across all our divisions.
Given this momentum and with capacities ramping up and new projects coming on stream, we are
well positioned for a strong H2 FY27 and sustained earnings growth into FY28.”
Commenting on the Operational Performance, Ganesh Argekar, Executive Director said, "The Q2
tested our operational resilience, and our teams rose to the occasion. Flooding at our Silvassa premises
led to around 1.5 months of disruption. We moved quickly to restore operations. The floods also
delayed the ramp-up of the liquid detergent plant at Silvassa, which we now expect to normalize by
the end of Q3 FY27.
During Q1FY27, Footwear business faced cost pressures arising from higher raw material costs and
revised wage rates. During Q2FY27, we have completed execution of legacy fixed price orders and
secured fresh orders at revised prices, reflecting the current cost structure. Improved raw material
procurement and sustained operational efficiencies enabled the division to return to profitability in Q2
FY27. The recovery has continued into H2 FY27, with October 2026 recording the division’s highest-
ever monthly turnover. With a healthy order book providing visibility until March 2027, we expect the
division to further ramp up profitability in H2 FY27.
Our expansion projects continue to progress. Some of these, including the detergent bar plant at
Lucknow, the Greek yoghurt facility in Goa and the Ayurveda wellness plant at Baddi are currently
running 1–2 months behind schedule due to delays in the supply of critical imported equipment. We
now expect to commercialise them in early part of Q4FY27. They will add meaningfully to our
capabilities and to customer demand fulfilment. We remain focused on execution and on improving
utilisation across our network.”
Commenting on the Financial Performance, Mayank Samdani, Group CFO said, "Q2 FY27 delivered
healthy underlying growth. Adjusted PAT rose 22% YoY to Rs. 46 crore. For H1 FY27, adjusted PAT stood
at Rs. 89 crore, up 30% YoY. During the quarter, we recognised a one-time exceptional loss of Rs. 1.3
crore arising from the floods at our Silvassa facility. While the loss is adequately insured by the policy,
the terms mandate a deductible which has been provided for.
We are particularly pleased with the improvement in cash generation. H1 FY27 cash flow from
operations stood at Rs. 58 crore, compared with dismal situation in H2 FY26. This was driven by the
early progress in moving select customer businesses from gross to net revenue recognition. Additional
customers have agreed to move to net revenue recognition from Q4 FY27. Together with the benefit
of the recently announced GST changes, we expect significantly stronger cash flows in H2 FY27, which
will help fund our growth projects.
Our balance sheet remains strong, giving us the financial flexibility to support our growth plans. We
expect Q4 FY27 to be the major contributor to the year’s profitability, driven by the ramp-up of newly
commissioned capacities and sustained improvement in the footwear division, which has already
returned to profitability.
While the Silvassa disruption and delays in commissioning certain projects have impacted the expected
earnings contribution for FY27, we reiterate our PAT guidance of Rs. 200–220 crore and expect to close
around Rs. 200 crores PAT for FY27, with Q4 FY27 expected to be the major contributor.”
About Hindustan Foods Limited
HFL was founded in 1984. The Company offers dedicated and shared manufacturing services to FMCG
corporates who are looking to minimize costs while maximizing product quality in the post-GST
environment. In 2013, Vanity Case India Private Limited (The Vanity Case Group of Companies) bought
a controlling stake in HFL and since then the Company has diversified across various FMCG categories
with manufacturing competencies in Food & Beverages, Home Care, Fabric Care, Beauty & Personal
Care, Wellness & OTC Pharma, Leather & Sports Footwear, and Household Insecticides, amongst
others. The Vanity Case Group was founded in the year 2001 and is a large and diversified FMCG
contract manufacturers in India. Over the years, HFL has transformed into a sca
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