HMA Agro Industries Q4 FY26 earnings call: Revenue & Margins
Q4 FY26 earnings call: what management said on revenue, margins and capex.
- Revenue
- ₹1,579Cr
- +5.3% YoY
- Net profit
- ₹8Cr
- −33.3% YoY
- Margin
- −0.4%
- −0.7 pp YoY
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The short version
The company targets volume growth of 20%-30% plus in the near term, backed by debottlenecking projects expanding capacity to 52,000 metric tons. Manorama Industries is targeting strong volume growth of 20%-30%+ with additional price hikes of around 5%, contributing to robust revenue growth for FY27.
From HMA Agro Industries Ltd's Q4 FY26 earnings-call transcript · updated 11 Nov 2026.
Revenue & Sales Performance
- The company targets volume growth of 20%-30% plus in the near term, backed by debottlenecking projects expanding capacity to 52,000 metric tons.
- Utilization is expected to reach around 85%-90% of full capacity in FY 27.
- Price realization is also expected to rise by 5%-10%, contributing to top-line growth.
- For FY 27, growth is expected to be primarily volume-led with structural benefits from capacity expansion and improved product mix.
- The company remains confident about sustaining a 25%-30% growth rate in revenue, supported by increased utilization and higher value-added product contribution (CBE currently 30% of revenue up from 10% two years ago).
2 more points from HMA Agro Industries Ltd's call on revenue
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Profitability & Margins
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Capital Expenditure Plans
- The company has an ongoing capex program spread over the next 2-3 years, totaling around INR 460 crores.
- INR 52 crores has already been spent, with INR 16 crores as work-in-progress and land acquired for Indian plant.
- Key projects include forward integration with CBA and solvent fractionation 3 plants (capacity 75,000 tons) and a refinery plant (90,000 tons).
- Burkina Faso project involves backward integration with capex of around INR 120 crores, aimed at reducing logistics costs and improving yield.
- Debottlenecking has increased capacity from 40,000 to 52,000 tons per annum with minimal cost.
- The forward integration and other expansion projects are expected to be commissioned by FY 28.
2 more points from HMA Agro Industries Ltd's call on capex
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Top-ranked in Food Products
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
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HMA Agro Industries Ltd — Quarterly revenue & net profit
HMA Agro Industries Ltd Q4 FY26 results — key figures
| ₹ Cr | Q4 FY26 | Q4 FY25 | YoY | Q3 FY26 | QoQ |
|---|---|---|---|---|---|
| Revenue | 1,579 | 1,500 | +5.3% | 2,059 | -23.3% |
| Operating profit (EBITDA) | -6 | 5 | -220% | 64 | -109.4% |
| Operating margin | -0.4% | 0.3% | -0.7 pp | 3.1% | -3.5 pp |
| Profit before tax | 11 | 21 | -47.6% | 88 | -87.5% |
| Net profit (PAT) | 8 | 12 | -33.3% | 67 | -88.1% |
| EPS (₹) | 0.16 | 0.26 | -38.5% | 1.32 | -87.9% |
Source: reported quarterly figures (Screener), ₹ crore.
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹2.8K Cr, net profit ₹105 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What HMA Agro Industries's management said in earlier quarters
- Q2 FY27 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q1 FY26 earnings call analysis →
Earlier calls (2)
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Potential multibaggers · Q2 FY27
Potential multibaggers in Food Products
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were HMA Agro Industries Ltd Q4 FY26 results?
The company targets volume growth of 20%-30% plus in the near term, backed by debottlenecking projects expanding capacity to 52,000 metric tons. Manorama Industries is targeting strong volume growth of 20%-30%+ with additional price hikes of around 5%, contributing to robust revenue growth for FY27.
What is HMA Agro Industries Ltd share price analysis?
HMA Agro Industries Ltd currently shows a neutral. The stock trades at a P/E of 6.0 with a market cap of ₹1,370 Cr. Investors should review the full earnings analysis for detailed insights.
Is HMA Agro Industries Ltd planning capital expenditure?
The company has an ongoing capex program spread over the next 2-3 years, totaling around INR 460 crores.
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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.