This article first appeared on GuruFocus.
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Consolidated Revenue: Grew 13% in Q2 FY27; H1 FY27 revenue up 18%.
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India Business Volume Growth: 10% in Q2; expected to be double digits for the full year.
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International Business Growth: 13% constant currency growth (23% in INR terms) in Q2.
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EBITDA: Grew 27% in Q2; H1 FY27 EBITDA up 26%.
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EBITDA Margin: Expanded 200 bps to 18.2% in Q2.
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PAT: Increased 31% in Q2 (highest profit growth in recent quarters); H1 FY27 PAT up 28%.
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Gross Margin: Expanded approximately 600 bps year-on-year in Q2.
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Advertising & Promotion (A&P) Expenditure: Increased 44% in Q2.
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Two-Year Compounded Growth: Revenue 22%, EBITDA 17%, India volume 8%, international constant currency 16%.
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Parachute: 13% volume growth (highest in 22 quarters); ~570 bps volume market share gain to a new high of 60%; positive value growth despite deflationary pricing.
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Value-Added Hair Oil: 21% value growth; 80 bps value market share gain (MAT basis); mid-teens volume growth; sixth consecutive quarter of strong growth.
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Saffola Edible Oil: Revenue grew 6%; high single-digit volume decline due to rationalization of select low-margin SKUs.
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Foods: Grew 45%; annualized revenu...