KRBL Limited announced its financial results for the second quarter of FY27, reporting a record total income of ₹1,768 crore, an increase of 15% year-on-year. Domestic revenue surged by 33%, driven by strong branded business growth and a selective bulk rice sale. While export sales saw a decline due to lower bulk exports to the Middle East, branded exports remained stable. The company anticipates improved export performance in the second half.
Record Revenue for KRBL Limited in Q2 FY27
KRBL Limited has announced its financial results for the quarter ended September 30, 2026 (Q2 FY27), achieving a record total income of ₹1,768 crore. This represents a 15% increase compared to the corresponding quarter of the previous year. The robust performance was primarily fueled by a significant 33% growth in domestic revenue. This domestic surge was attributed to strong volume and realization growth in the branded business, complemented by a selective bulk rice sale amounting to ₹102 crore.
Export Performance and Outlook
Export sales experienced a decline, mainly due to lower bulk rice exports to the Middle East. However, branded exports maintained stability. Despite the challenges in the Middle East market, the company is optimistic about the second half of the fiscal year. Exports to markets outside the Middle East grew by 14% in the first half, reflecting successful diversification efforts. KRBL expects exports to recover progressively in the latter half, contingent on the situation in the Gulf.
Domestic Business Highlights
The domestic business showcased exceptional strength, with quarterly revenue standing at ₹1,390 crore (excluding power), marking a 33% year-on-year increase. For the first half, domestic revenue reached ₹2,612 crore, up 24%. Consumer pack volume growth accelerated to 18% in Q2 FY27, and modern trade and e-commerce channels saw volumes grow by 31%. General trade also witnessed a return to growth, with consumer pack volumes up 10%.
Financial Snapshot
Gross margin for the quarter improved to 34.5% from 29.2% in Q2 FY26, driven by higher realisations, a better product mix, and increased other income. EBITDA margin stood at 21.1% compared to 16.6% last year. Profit After Tax (PAT) for the quarter was ₹159 crore, representing 14.6% margin, as against ₹172 crore or 11.2% in the corresponding quarter of the previous year.
Inventory and Cash Position
As of September 30, 2026, total inventory was valued at ₹2,203 crore, including ₹146 crore in paddy and ₹1,900 crore in rice inventory. The company maintained a strong cash and bank balance, including treasury investments, of ₹2,895 crore.
Source: BSE
