Hindustan Foods519126Quarterly results

Board approves extension of timeline for utilisation of convertible warrant proceeds to June 30, 2027; Q2 results approved

Board approved Q2/H1 FY27 unaudited consolidated and standalone results: revenue Rs. 1,266.01 crore, profit Rs. 45.02 crore.

By ScoutQuest · Thu 5 Nov 2026, 5:41 PM IST · 2 min read

The Board approved unaudited consolidated and standalone financial results for the quarter and half year ended September 30, 2026, along with the auditors' Limited Review Report.
The Group operates as a single business segment, contract manufacturing.

The Board considered and approved an extension of the timeline for utilisation of the proceeds raised through the preferential issue of convertible warrants.
Those warrants were issued to certain Qualified Institutional Buyers (QIBs) and Non-Qualified Institutional Buyers (Non-QIBs) under the Non-Promoter Category, for cash consideration, under shareholders' approval dated October 20, 2023.
The timeline, originally up to December 31, 2026, has been extended up to June 30, 2027, with the company citing unforeseen circumstances.
In simple terms, the company now has about six more months to put that money to use.

Revenue from operations was Rs. 1,266.01 crore, against Rs. 1,071.84 crore in the quarter ended September 30, 2025 (restated).
Profit for the period was Rs. 45.02 crore, against Rs. 38.11 crore a year earlier.
Basic and diluted earnings per share were Rs. 3.71, against Rs. 3.15 a year earlier.
For the six months ended September 30, 2026, revenue from operations was Rs. 2,467.09 crore and profit for the period was Rs. 87.78 crore.
The company has stated that the current period figures include the Aurangabad manufacturing facility acquired from Ultra Beauty Care Private Limited from April 1, 2026, and are therefore not comparable with the previous corresponding periods.

On July 23, 2026, the Group's manufacturing facility in Dadra and Nagar Haveli and Daman and Diu was disrupted by flooding caused by heavy rainfall and waterlogging, damaging property, plant and equipment and inventories.
The company wrote off damaged assets and inventories of Rs. 24.64 crores and recognised an insurance claim receivable of Rs. 23.32 crores, based on valid insurance contracts and a shared claim.
The insurance survey is stated to be ongoing; the balance was recognised as an exceptional item in the results.

On September 18, 2026, the company granted 1,05,900 equity shares to eligible employees on exercise of vested options under the HFL ESOS 2025.
Prior-period figures were restated for the schemes of arrangement involving the Nashik manufacturing unit of Avalon Cosmetics Private Limited and Vanity Case India Private Limited, both effective from April 1, 2024 on an appointed-date basis.
The statutory auditors issued an unmodified conclusion on the consolidated and standalone statements.

The update combines a quarterly results update with a procedural decision to give the company more time to deploy money raised through convertible warrants.
The results show higher revenue and profit on a year-on-year basis, while the one-off flood-related charge and the restatements are worth keeping in mind while reading the numbers.

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