Q1 2027 KRBL Ltd Earnings Call Transcript

Aug 17, 2026 / 06:30 AM GMT

Transcript

Key Points

Positve

KRBL Ltd (BOM:530813) reported its strongest-ever quarterly profitability with a profit after tax of Rs. 261 crores and an EBITDA margin of 23.8%, up from 13.9% in the same quarter last year.
The domestic business demonstrated resilience, with revenue growing 14% year-on-year, driven by an 11% increase in rice realizations and strong performance in consumer packs and regional rice.
Exports to regions outside the Middle East grew by 37% during the quarter, showcasing the diversification of the export book and its ability to grow even during geopolitical disruptions.
The company maintains a strong balance sheet with total cash plus investments at Rs. 1,841 crores, providing ample liquidity to navigate market uncertainties and support future growth.
India's competitive position in the global basmati market has been reinforced, as Pakistan's exports fell 26% in volume, while KRBL Ltd (BOM:530813) maintains its leadership with an 85% share of global basmati trade.
The e-commerce channel delivered approximately 50% primary sales growth, with India Gate achieving a 41% market share, and the masala portfolio grew 74% year-on-year, indicating successful portfolio expansion.

Negative

Export revenue declined by 50% year-on-year to Rs. 244 crores, entirely due to the Middle East conflict and the partial closure of the Strait of Hormuz, which disrupted shipping and logistics.
The company experienced a volume shock in exports, with Q1 basmati export volumes falling to approximately 1.5 million metric tons from 1.7 million in the prior year, as Middle East volumes dropped 11%.
Domestic branded rice volumes saw a modest decline due to lower bulk pack sales, as intermediaries deferred purchases amid rising commodity prices, creating short-term demand softness.
The company's market share in traditional trade declined by about 2 percentage points year-on-year, and competitive intensity in modern trade remains elevated, requiring improvement in execution.
Management stated that the record-high gross margin of 36.3% is not sustainable, as it was partly driven by one-off MTM gains and high prices, with a more normalized EBITDA margin guidance of 17-18% for the year.
The search for a long-term distribution partner in Saudi Arabia remains ongoing, and the company has deferred its own entity plans, indicating a prolonged period of uncertainty in a key market.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

KRBL.NS - KRBL Ltd
Q1 2027 KRBL Ltd Earnings Call
Aug 17, 2026 / 06:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the KRBL Limited Q1 FY27 earnings conference call.

As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance during this conference call, please signal an operator by pressing then 0 on your touchstone phone.

Please note that this conference is being recorded.

I now hand the conference over to Mr. Ashish Jain, Chief Financial Officer of KRBL Limited.

Thank you and over to you sir.

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Unidentified_2 [2]
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