Board approves Sept-quarter results, notes Rs.10 interim dividend paid, reconstitutes two committees
Board approved the unaudited financial results for the quarter and half year ended 30 September 2026; Deloitte Haskins & Sells LLP's review conclusion was unmodified.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 2,897.64 | 2,427.59 | +19.4% | 3,090.49 | −6.2% |
| Total income | 2,902.49 | 2,431.85 | +19.4% | 3,093.38 | −6.2% |
| Profit before tax | 152.50 | 147.53 | +3.4% | 170.68 | −10.7% |
| Profit after tax | 115.69 | 109.54 | +5.6% | 133.69 | −13.5% |
| Total comprehensive income | 118.05 | 109.78 | +7.5% | 133.31 | −11.4% |
| Basic EPS | 5.19 | 4.92 | +5.5% | 6.00 | −13.5% |
- Total income YoY
- +19.4%
- Period
- September 30, 2026
Also decided at the meeting
- Reconstituted the Nomination and Remuneration Committee and the Risk Management Committee with effect from 22nd October 2026, as per Annexure A.
- Took note of the Related Party Transactions for the quarter and half year ended 30th September, 2026 under Regulation 23(9).
Auditor's review
Conclusion: Unmodified
Notes to the results
- Scheme of Amalgamation of wholly-owned subsidiary Milk Mantra Dairy Private Limited with the Company (appointed date April 01, 2025) sanctioned by NCLT on March 10, 2026; comparatives for Sep 30, 2025 restated.
- Interim dividend of Rs.10/- per equity share of Re.1 each (1000%) on 22,27,48,268 shares, aggregating Rs.222.75 crores, declared and paid during the half year; first interim dividend for FY 2026-27.
What the board approved
The board met on 22 October 2026 from 3.30 P.M to 5.00 P.M and approved the company's unaudited financial results for the quarter and half year ended 30 September 2026. Deloitte Haskins & Sells LLP reviewed the statement and, in an unmodified review conclusion, said nothing came to its attention that caused it to believe the statement contained any material misstatement or missed required disclosures. A review is narrower in scope than a full audit.
The results, quarter and half year (₹ in Crores)
- Revenue from operations for the quarter ended 30 September 2026 was 2,897.64, against 2,427.59 for the quarter ended 30 September 2025.
- Total income was 2,902.49, against 2,431.85.
- Total expenses were 2,749.99, against 2,284.32.
- Profit before tax was 152.50, against 147.53.
- Tax expense was 36.81, against 37.99.
- Profit after tax was 115.69, against 109.54.
- For the half year, revenue from operations was 5,988.13 against 5,017.87, and profit after tax was 249.38 against 244.73.
- Basic and diluted earnings per share (face value Re. 1) were 5.19 for the quarter against 4.92, and 11.19 for the half year against 10.99.
The company states it operates in a single segment, milk and milk products.
Dividend
The board's note records an interim dividend of Rs.10/- per equity share of Re.1 each (1000%) on 22,27,48,268 fully paid-up equity shares, aggregating Rs.222.75 crores, declared and paid during the half year ended 30 September 2026. It is the first interim dividend for financial year 2026-27.
Merger note
Milk Mantra Dairy Private Limited, a wholly-owned subsidiary, was merged into the company with an appointed date of 1 April 2025, sanctioned by the National Company Law Tribunal, Chennai, by order dated 10 March 2026. Comparatives for the quarter and half year ended 30 September 2025 have been restated to give effect to the merger.
Balance sheet and cash highlights (₹ in Crores)
- Total assets were 4,451.55 as at 30 September 2026, against 4,442.51 as at 31 March 2026.
- Total equity was 1,973.14, against 1,944.52.
- Non-current borrowings were 479.08, current borrowings 775.71.
- Net cash generated from operating activities for the half year was 678.31, against 1,061.78.
- Cash and cash equivalents at the end of the period were 37.51.
Committee changes with effect from 22 October 2026
- Nomination and Remuneration Committee: Mr S Subramanian (Chairman), Mr K.S Thanarajan, Mrs Bharathi Bhaskar and Mr Rajprabu Harshan as members.
- Risk Management Committee: Mr R.G. Chandramogan (Chairman), with Mr C Sathyan, Mr K.S. Thanarajan, Mr S. Subramanian and Mr J. Shanmuga Priyan as members.
What it means for a retail reader
The update combines the quarterly numbers, the auditor's review conclusion, the dividend already paid out of profits and board committee changes. Revenue from operations and profit after tax for the quarter are both higher than the year-earlier quarter as restated, while half-year profit after tax is slightly ahead of the prior year.
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More numbers
- Revenue from operations, half year ended 30 Sep 2026 (₹ crore)5,988.13
- Profit after tax, half year ended 30 Sep 2026 (₹ crore)249.38
- Interim dividend per equity shareRs.10/-
- Interim dividend as % of face value1000%
- Number of equity shares for dividend22,27,48,268
- Total interim dividend paidRs.222.75 crores
- Total income, latest quarter2,902.49 (₹ in Crores)
- Total income, year-ago quarter2,431.85 (₹ in Crores)
- Total income, previous quarter3,093.38 (₹ in Crores)
- Total comprehensive income, latest quarter118.05 (₹ in Crores)
- Total comprehensive income, year-ago quarter109.78 (₹ in Crores)
- Total comprehensive income, previous quarter133.31 (₹ in Crores)
- Profit after tax, latest quarter115.69 (₹ in Crores)
- Profit after tax, year-ago quarter109.54 (₹ in Crores)
- Profit after tax, previous quarter133.69 (₹ in Crores)
- Revenue from operations, latest quarter2,897.64 (₹ in Crores)
- Revenue from operations, year-ago quarter2,427.59 (₹ in Crores)
- Revenue from operations, previous quarter3,090.49 (₹ in Crores)
- Profit before tax, latest quarter152.50 (₹ in Crores)
- Profit before tax, year-ago quarter147.53 (₹ in Crores)
- Profit before tax, previous quarter170.68 (₹ in Crores)
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