Q2 FY27 quarterly update: 24% YoY revenue growth, Food & FMCG revenue crosses ₹2,000 crore

Preliminary standalone business update for Q2 FY27.

Mon 5 Oct 2026

Volume Growth

Volume +12% YoY

Revenue Growth

revenue +24% YoY

Food & FMCG Revenue

Food & FMCG revenue +33% YoY; crossed ₹2,000 crore in a quarter for the first time

Fortune Pulses Revenue

Fortune Pulses quarterly revenue crosses ₹100 crore

Branded Exports Volume

Branded Exports volume +59% YoY; HoReCa +21% YoY

What the company shared

The company shared a preliminary update on standalone business performance for the quarter ended September 30, 2026. It states that a detailed disclosure of financial results and an earnings presentation will follow once the board approves the consolidated and standalone financial results for the quarter and half year ended September 30, 2026.

Overall performance

• Volume growth of 12% YoY
• Revenue growth of 24% YoY
• Momentum led by the Food & FMCG portfolio and Industry Essentials, while the Edible Oil business delivered steady volume growth

Food & FMCG

• Revenue growth of 33% YoY, driven by broad-based growth across categories
• The segment crossed ₹2,000 crore of quarterly revenue for the first time, marking its highest-ever quarterly revenue
• Wheat and Rice businesses delivered robust growth
• Categories such as Besan, Pulses, Soya Nuggets, Sugar, Sattu and Poha now contribute more than 35% to the Food portfolio and delivered around 50% YoY revenue growth
• Fortune Pulses has scaled rapidly, with quarterly revenue crossing ₹100 crore; distribution is being accelerated across General Trade and Quick Commerce

Edible Oil

• Volume growth of 3% YoY, led by healthy performance in domestic oils, particularly Mustard Oil and Rice Bran Oil

Policy developments

• Effective September 2026, the Government implemented standardized pack sizes for edible oils, leading to the phasing out of grammage play in the industry. The company calls this a positive structural development that enhances transparency and comparability for consumers and enables a more level playing field across market participants
• On 23rd September 2026, the Government reduced import duties on soyabean, sunflower and palm oil. This is expected to support consumption over the medium term through improved consumer affordability, and is also expected to help address competitiveness from imports of lower-priced packaged refined soybean oil from neighbouring countries

Industry Essentials

• Volume growth of 25% YoY, driven by broad-based growth across Oleochemicals, Castor and De-oiled Cakes
• Oleochemicals & Specialty Chemicals continues to be a key focus area, supported by integrated manufacturing capabilities and a growing presence across value-added applications

Alternate Channels

• Alternate Channels, comprising E-Commerce, Quick Commerce and Modern Trade, delivered double-digit growth
• Within Food & FMCG, key categories across E-Commerce and Quick Commerce collectively delivered 40% YoY growth
• Average market shares: 10%+ in Atta, 25%+ in Besan, 40%+ in Soya Nuggets, and around 15–20% across Sugar, Suji and Poha
• Execution metrics such as product fill rate and customer retention improved, supported by better assortment and availability

Other channels

• Branded Exports maintained strong momentum with 59% YoY volume growth
• HoReCa continued to scale well with 21% YoY growth

New products and portfolio

• Launched Fortune Yellow Mustard Oil, strengthening presence across premium regional oil preferences
• Sharbati Atta, Multigrain Atta, Double Roasted Suji, Fortune Premio Olive Oil and Fortune Premio Cold-Pressed Mustard Oil are scaling well, centred on premiumization, health and value-added offerings
• GD Foods (Tops) launched Chilli Oil and Multigrain Choco Flakes

Subsidiaries

• GD Foods (Tops), the Sauces & Condiments business, delivered revenue growth of 30%+ YoY; emerging categories including Noodles, Vermicelli, Jams and Instant Mixes are scaling well
• Omkar Chemicals, focused on Specialty Chemicals, delivered volume growth of 16% YoY

How to read this

The update is preliminary and relates to standalone performance. The company states that a detailed disclosure of financial results will follow once the board approves them, so the quarter's reported profit and margin figures are not part of this update. The growth figures are year-on-year comparisons for the September 2026 quarter shared by the company.

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