Q2 turnover Rs. 18,071 crores with 15% underlying sales growth; interim dividend of Rs. 19 per share
Transcript of the earnings call for the quarter and half year ended 30 September 2026 is now on record.
By ScoutQuest · · 2 min read
- Turnover
- Rs. 18,071 crores
- Underlying sales growth
- 15%, the highest in the last 14 quarters
- Interim dividend per share
- Rs. 19 per share for the year ending 31 March 2027
What this document is
The update carries the transcript of the earnings call held on 28 October 2026, after the results for the quarter and half year ended 30 September 2026. The prepared remarks were made by Priya Nair, CEO and Managing Director, and Niranjan Gupta, CFO.
Quarter performance
- Turnover of Rs. 18,071 crores, with underlying sales growth of 15%, described by management as the highest in the last 14 quarters.
- Underlying volume growth of 7%, which management linked to execution discipline and portfolio changes.
- Profit after tax before exceptional items of Rs. 2,795 crores, up 9%.
- Home Care and Beauty & Wellbeing delivered strong double-digit underlying sales growth; Personal Care and Foods showed a sequential step-up.
Half year
- Turnover of Rs. 35,255 crores over the first half.
Dividend
- The Board approved an interim dividend of Rs. 19 per share for the financial year ending 31 March 2027.
Strategy outlined
- Management unveiled a 'Winning In New India' strategy at its Capital Markets Day, built around four growth pools: consumption, premiumisation, market making and new spaces.
- The stated ambition is competitive, volume-led profit growth, with brands, a future-fit go-to-market and use of AI as the main levers.
Go-to-market and portfolio actions
- 30,000 outlets were added in general trade during the quarter, alongside what management called healthy double-digit assortment growth.
- Investment behind modern trade category development was stepped up, with asset deployment nearly doubling over the last 2 quarters.
- Horlicks was extended into the protein segment with the launch of Horlicks Protein Powder, where management said early traction was encouraging.
Operating context
- Management described the global geopolitical environment as volatile through the quarter, with commodity prices elevated, while demand conditions in India remained positive.
What to take away
The transcript sets out the numbers management reported for the quarter and half year and the strategic direction it presented to investors. Parts of the remarks look ahead and the call carried a safe harbour statement, so forward-looking comments are best read as management's current stated intent rather than a promise of outcome.
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More numbers
- Turnover for the quarterRs. 18,071 crores
- Underlying Sales Growth for the quarter15%
- Underlying Volume Growth for the quarter7%
- Profit After Tax before exceptional itemsRs. 2,795 crores
- Growth in Profit After Tax before exceptional items9%
- Turnover for the first halfRs. 35,255 crores
- Interim dividend per share for FY ending 31 March 2027Rs. 19 per share
- General trade outlets added during the quarter30,000 outlets
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