Food & FMCG revenue crossed the ₹2,000 crore threshold in FY27 Q2, marking a 33% year‑on‑year jump, while the company’s total revenue climbed 24% on 12% volume growth, according to the preliminary standalone business update for the quarter ended September 30, 2026.
The surge was driven by a 50% YoY rise in core staples—Wheat, Rice, Besan, Pulses, Soya Nuggets, Sugar, Sattu and Poha—all together pulling the Food portfolio up more than a third. Fortune Pulses alone surpassed ₹100 crore, thanks to an expanded general‑trade and quick‑commerce network.
Edible Oil volumes grew modestly 3% YoY, with domestic oils like Mustard and Rice Bran Oil holding steady. The shift to standardised pack sizes, implemented by the government in September 2026, is expected to curb grammage‑based pricing, while a September 23 duty cut on soybean, sunflower and palm oil should bolster affordability and counter cheaper imports.
Industry Essentials posted a 25% YoY volume lift, buoyed by Oleochemicals, Castor and De‑oiled Cakes. Alternate channels—e‑commerce, quick‑commerce and modern trade—gained double‑digit growth; within Food & FMCG, these channels grew 40% YoY. Branded Exports surged 59% in volume, and the HoReCa segment expanded 21%.
Other brands added strength: GD Foods, operating the Tops label, posted 30% revenue growth, while Omkar Chemicals, focused on specialty chemicals, recorded 16% volume growth.
The update remains preliminary; detailed earnings and the full financial package will surface once the board grants approval. Analysts are braced for a comprehensive filing that could validate the current growth trajectory and set the tone for next‑quarter guidance.