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Hindustan Foods Ltd

Q2 FY26Diversified FMCG

Hindustan Foods Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹571

Market cap₹6.9K Cr

P/E42.8

Updated16 Oct 2026

Read4 min read

The short version

Hindustan Foods aims to continue growing its top line at around 20%-25% CAGR in the foreseeable future, driven by multiple business verticals including footwear, ice cream, beverages, OTC pharma, and home & personal care. The company aims to grow top line at 20-25% CAGR over the next few years across existing categories (Page 7).

From Hindustan Foods Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

Hindustan Foods aims to continue growing its top line at around 20%-25% CAGR in the foreseeable future, driven by multiple business verticals including footwear, ice cream, beverages, OTC pharma, and home & personal care. (Page 7)
Specifically for the shoe business, with gross block projected at INR140 crores, doubling revenue by FY '27 may be challenging without proportional workforce ramp-up and new factory capacities. (Page 20)
The company anticipates growth from new capacity additions, acquisitions (e.g., cone manufacturing and HPC facilities), and contracts in food & beverages. (Pages 13, 15)
Ramp-up timelines for new facilities: ice cream (Panipat facility expected to fully ramp-up by Q1 FY '27), and shoe factories requiring workforce scaling and training. (Page 17, 20)

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Profitability & Margins

The company aims to grow top line at 20-25% CAGR over the next few years across existing categories (Page 7).
EBITDA and PAT are expected to grow in sync with capex, benefiting from operating leverage and efficiencies, particularly in shared manufacturing (Pages 14, 15, 17).
Return ratios (ROE, ROCE) and cash flows are expected to improve as new assets ramp up production and generate higher earnings (Pages 7, 13).
The company is optimistic about future growth due to new acquisitions, increased wallet share with legacy and newer brands, and market ecosystem shifts like quick commerce growth (Pages 5, 6, 18).

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Capital Expenditure Plans

Planned capex of INR550 crores through internal accruals and prudent debt, with Board approval for up to 1:1 debt-equity ratio.
Existing capex of INR300 crores on track for Panipat, Sandila, and Nashik locations (Home & Personal Care and Ice Cream).
INR80 crores authorized for expansion in Foods & Beverages, including flavored yogurt and bottled water categories.
Recent acquisitions: cone manufacturing plant and a Home & Personal Care facility (~INR30 crores and INR40 crores respectively).
Additional greenfield and brownfield projects in HPC and Ice Cream underway.
Capacity additions worth nearly INR200 crores commercialized in H1 FY'26; INR550+ crores advancing towards commissioning.

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Fundraising & Capital Structure

The company plans to fund the ongoing and planned capex of INR550 crores primarily through a mix of internal accruals and prudent debt.
The Board has approved a debt-equity ratio of up to 1:1, allowing for additional borrowing capacity of around INR400 crores.
Currently, the net debt-equity ratio stands at 0.67, providing headroom to raise incremental debt within approved limits.
No explicit mention of new equity fundraising was made in the provided discussion.

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Order Book & Pipeline

The transcript does not provide specific figures or details about the current or expected order book or pending orders for Hindustan Foods Limited.
There is mention of new contracts signed in the Food & Beverages segment, including flavoured yogurt and bottled water, contributing to growth.
The company has acquired facilities and is expanding capacity, indicating a growing order inflow, but exact order book numbers are not disclosed.

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Hindustan Foods Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024Q3 FY25

Mar 2025Q4 FY25

Jun 2025Q1 FY26

Sep 2025Q2 FY26

Dec 2025Q3 FY26

Mar 2026Q4 FY26

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹1.1K Cr, net profit ₹42 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Hindustan Foods Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Hindustan Foods Ltd Q2 FY26 results?

Hindustan Foods aims to continue growing its top line at around 20%-25% CAGR in the foreseeable future, driven by multiple business verticals including footwear, ice cream, beverages, OTC pharma, and home & personal care. The company aims to grow top line at 20-25% CAGR over the next few years across existing categories (Page 7).

What is Hindustan Foods Ltd share price analysis?

Hindustan Foods Ltd currently shows a neutral. The stock trades at a P/E of 42.8 with a market cap of ₹6,927 Cr. Investors should review the full earnings analysis for detailed insights.

Is Hindustan Foods Ltd planning capital expenditure?

Planned capex of INR550 crores through internal accruals and prudent debt, with Board approval for up to 1:1 debt-equity ratio.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.