IFB Agro Industries LimitedQ1 FY27 Results & Financial Update
IFB Agro Industries Limited: Q1 FY27 consolidated results and company financials – revenue ₹520.77 Cr, PAT ₹20.35 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Quarterly Results AnalysisExplore IFB Agro Industries Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
During the first quarter of fiscal 2027 ended June 30, 2026, IFB Agro Industries reported consolidated revenue from operations of INR 520.77 crore, alongside total income of INR 525.92 crore.
Profit before tax (PBT) for the quarter stood at INR 25.83 crore, while consolidated profit after tax (PAT) reached INR 20.35 crore.
Basic and diluted earnings per share (EPS) for the non-annualised quarter were reported at INR 21.72 each.
The spirit, spirituous beverages and allied products segment remained the primary contributor to segment earnings, generating segment results of INR 36.56 crore before unallocable expenditures.
Conversely, the marine products segment posted a segment result loss of INR 7.70 crore for the quarter, reflecting inherent operational seasonality in seafood processing.
Total expenses for the quarter aggregated to INR 500.09 crore, encompassing cost of materials consumed of INR 257.12 crore, excise duty on sale of goods of INR 173.24 crore, and employee benefits expense of INR 22.75 crore.
Profit before tax (PBT) for the quarter stood at INR 25.83 crore, while profit after tax (PAT) was recorded at INR 20.35 crore, delivering basic and diluted earnings per share (EPS) of INR 21.72.
01 · Business model
What does IFB Agro Industries do?
IFB Agro Industries Limited operates primarily across two key business verticals: Spirit, spirituous beverages and allied products, and Marine products.
The Spirit and spirituous beverages segment constitutes the core revenue engine of the company, driven by manufacturing, bottling, and marketing alcoholic beverages and allied products.
The Marine products segment encompasses seafood processing and export operations, which exhibit distinct seasonal patterns characteristic of the marine export industry.
The company's operational footprint is anchored by manufacturing facilities primarily situated in India, complemented by international subsidiary structures supporting overseas trade and distribution.
02 · Historical context
What shaped the business before this quarter
IFB Agro Marine FZE was liquidated with effect from September 25, 2025, altering the consolidation scope compared to prior comparative periods.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹520.77 Cr |
| Total income | ₹525.92 Cr |
| Profit before tax | ₹25.83 Cr |
| Profit after tax | ₹20.35 Cr |
| EPS | ₹21.72 |
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Consolidated revenue of INR 520.77 crore was driven by INR 287.61 crore from the spirit, spirituous beverages and allied products segment and INR 233.65 crore from the marine segment, prior to inter-segment eliminations of INR 0.49 crore.
Consolidated revenue from operations of INR 520.77 crore was generated from two operating divisions: Spirit, spirituous beverages and allied products contributing INR 287.61 crore and Marine products contributing INR 233.65 crore before inter-segment eliminations.
The company recorded other income of INR 5.15 crore for the quarter ended 30 June 2026, supplementing core operational revenues.
What drove margins
Key expenditure lines included material consumption of INR 257.12 crore, stock-in-trade purchases of INR 60.55 crore, and an inventory change adjustment of negative INR 40.29 crore.
Excise duty on sale of goods accounted for INR 173.24 crore, while other expenses stood at INR 66.25 crore and depreciation and amortisation expense was INR 9.26 crore.
Cost of materials consumed stood at INR 257.12 crore and purchases of stock-in-trade reached INR 60.55 crore, while changes in inventories of finished goods and work-in-progress showed a positive adjustment of INR 40.29 crore.
Excise duty on sale of goods represented a major statutory cost item at INR 173.24 crore, alongside other expenses of INR 66.25 crore and employee benefits expense of INR 22.75 crore.
05 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
The segment recorded revenue of INR 287.61 crore and segment results of INR 36.56 crore, maintaining robust profitability.
The marine segment generated revenue of INR 233.65 crore but registered a segment result loss of INR 7.70 crore, noted by the company as stemming from the seasonal nature of the marine business.
The segment registered revenue of INR 287.61 crore and delivered a segment result (profit before finance costs and unallocable expenditure) of INR 36.56 crore, underpinning overall profitability.
Geography and market mix
The consolidated entity includes operations across domestic Indian markets and overseas subsidiaries, including IFB Holding Pte. Ltd. and IFB Vietnam Company Ltd.
06 · Strategy & new businesses
How the company is trying to change its growth mix
The group structure reflects the ongoing consolidation following the liquidation of overseas subsidiary IFB Agro Marine FZE in the preceding fiscal year.
07 · Reported developments
What changed operationally
The spirit, spirituous beverages and allied products segment delivered strong segment profitability of INR 36.56 crore, bolstering overall consolidated earnings.
The spirit segment sustained a robust segment result of INR 36.56 crore, driving consolidated PBT to INR 25.83 crore and PAT to INR 20.35 crore.
08 · Pressure points & risks
What is not going smoothly
The marine products division recorded an operating segment loss of INR 7.70 crore for the quarter ended 30 June 2026.
09 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Capital allocation & funding
Consolidated finance costs for the quarter were reported at INR 1.51 crore.
Consolidated finance costs for the quarter were reported at INR 1.51 crore, reflecting debt servicing requirements across the group.
10 · Beyond the numbers
What changed beyond the numbers
Reported update
Auditor Review
Statutory auditors MSKA & Associates LLP issued an unmodified review report on both standalone and consolidated financial results for the quarter ended June 30, 2026.
11 · Key Q&A
The quarter, answered directly
What does IFB Agro Industries do?
IFB Agro Industries Limited operates primarily across two key business verticals: Spirit, spirituous beverages and allied products, and Marine products.
What is the clearest takeaway from Q1 FY27?
During the first quarter of fiscal 2027 ended June 30, 2026, IFB Agro Industries reported consolidated revenue from operations of INR 520.77 crore, alongside total income of INR 525.92 crore.
What drove revenue or demand?
Consolidated revenue of INR 520.77 crore was driven by INR 287.61 crore from the spirit, spirituous beverages and allied products segment and INR 233.65 crore from the marine segment, prior to inter-segment eliminations of INR 0.49 crore.
What mattered most for margins or profitability?
Key expenditure lines included material consumption of INR 257.12 crore, stock-in-trade purchases of INR 60.55 crore, and an inventory change adjustment of negative INR 40.29 crore.
What changed operationally beyond the headline numbers?
The group structure reflects the ongoing consolidation following the liquidation of overseas subsidiary IFB Agro Marine FZE in the preceding fiscal year.
What are the main pressure points disclosed for the quarter?
The marine products division recorded an operating segment loss of INR 7.70 crore for the quarter ended 30 June 2026.
12 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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13 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Marine Segment Seasonality: Monitor upcoming quarters for cyclical recovery and performance normalisation in the marine products segment.
- 02
Marine Segment Performance: Monitor subsequent quarterly results for operational turnaround or seasonal recovery in the marine products segment relative to its Q1 FY27 segment loss.
- 03
Spirit Segment Margins: Track the cost of materials consumed and excise duty trends relative to revenue growth in the core spirituous beverages division.
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