HOACFOODS
Hoac Foods India financials
- Market cap
- ₹404 Cr
- Sector
- Fast Moving Consumer Goods
- Calls analysed
- 3
HOACFOODS Q4 FY26
What went well
- Total income for H2 FY26 stood at INR 2,865 lakhs, registering a robust growth of nearly 84% year-on-year.
- EBITDA for H2 FY26 increased by over 52% to INR 400 lakhs, while PAT grew by approximately 66% to INR 246 lakhs.
- For the full year FY26, total income increased by over 90% to INR 5,049 lakhs, with EBITDA growing by nearly 72% to INR 731 lakhs and PAT by around 77% to INR 441 lakhs.
What to watch
- H2 FY26 EBITDA margins (13.95%) were impacted due to raw material purchases during the off-season for new B2B and export verticals.
- The commissioning of the new plant in Vidisha is delayed by 1.5 months due to supplier rate increases for PEB shed, iron, and machines.
What Hoac Foods India Ltd does
HOAC Foods India Ltd manufactures and retails chakki atta (flour), unpolished pulses and grains, spices, dry fruits, vegetable roots and mustard/edible oils under the brand 'Hariom Atta & Spices.' Production runs out of its own plants in Sohna, Gurugram (Haryana), with a large new plant under construction in Vidisha, Madhya Pradesh. It sells through company-owned and franchise 'Exclusive Brand Outlets' with in-store flour-customization machines, supplies kirana/general-trade stores as a B2B wholesaler, runs a direct-to-consumer website and mobile app (hariomatta.com), and exports through its subsidiary HOAC Exports Pvt. Ltd.
Segments
- Company-owned retail outlets
- Franchise retail outlets
- B2B / general trade
- Direct-to-consumer (D2C)
- Exports
- Manufacturing plants
- 2 (Village Bhondsi & Village Mahendwara, Tehsil Sohna, Gurugram, Haryana); new plant under construction in Vidisha, MP (~75% built)
- Atta production capacity
- 20 tonnes/day currently (95% utilised); new Vidisha plant to scale ~5x to 45-50 tonnes/day
- Exclusive Brand Outlets
- 7 company-owned + 12 franchise (19 total) across Delhi-NCR, Gurugram & Faridabad
- Product portfolio
- 200+ SKUs, 135+ manufactured in-house
- B2B / kirana store reach
- 1,400+ stores supplied
- Direct billed customers
- 1 Lakh+
Guidance record · Q4 FY26
what the last two calls moved 14 tracked 2 delivered 3 missed 9 open- EBITDA Margin delivered, diluted said Q4 FY25 Promised: 16% for FY26 Q4 FY26: FY26 EBITDA margin was 14.48%. This is below the original 16% target but significantly better than the revised guidance of 'not more than 10%'. Management now guides for 15-16% in the future.
- Full Year Revenue missed said Q4 FY25 Promised: Projected revenue for FY '26 is around INR 55 crores. Q4 FY26: Full year FY26 revenue was INR 50.49 crores, missing the INR 55 crore target.
- Vidisha Plant Commissioning delayed said Q2 FY26 Promised: Complete in 2.5 to 3 months Q4 FY26: The plant commissioning was delayed due to supplier issues. Management now expects production to start in another 1.5 months (approx. end of June 2026), missing the original Feb 2026 timeline.
All 14 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 29.8%, net profit up 40.5% against the same quarter last year.
| Line item | Q2 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|
| Revenue | 11 | 15 | 8 | 22 | 15 +33% | 20 +30% |
| EBITDA | 2 | 3 | 1 | 3 | 2 +50% | 3 +23% |
| Net profit | 1 | 1 | 1 | 2 | 2 +61% | 2 +41% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +289.2% 1Y
1Y: ₹234.65 on 10 Sept 2025 → ₹913.2. High ₹1,009.95 (4 Sept 2026), low ₹224.65 (18 Sept 2025).
How the price took the results
close before → close after
- Q4 FY26
- −3.4%
- 15 May
- Q2 FY26
- −0.0%
- 13 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Balance sheet
| Year ending | FY25 | FY26 |
|---|---|---|
| Equity capital | ₹4 Cr | ₹4 Cr |
| Reserves | ₹19 Cr | ₹21 Cr |
| Borrowings | ₹1 Cr | ₹6 Cr |
| Other liabilities | ₹10 Cr | ₹4 Cr |
| Total liabilities | ₹34 Cr | ₹36 Cr |
| Fixed assets | ₹5 Cr | ₹6 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr |
| Other assets | ₹29 Cr | ₹30 Cr |
| Total assets | ₹34 Cr | ₹36 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Mar 2026
Since Mar 2025, promoters trimmed −8.02 pp while the public added +7.51 pp. The shareholder count grew 157% to 874.
- Promoters
- 62.1%
- DIIs
- 0.5%
- Public
- 37.4%
Since Mar 2025
- Promoters −8.02 pp
- Public +7.51 pp
- DIIs +0.50 pp
How it drifted, 4 quarters
Over this window promoters fell from 70.1% to 62.1% — −8.0 pp.
Ownership split by quarter, oldest first. Sep '24: Promoters 70.1%, Public 29.9%.Mar '25: Promoters 70.1%, Public 29.9%.Sep '25: Promoters 62.1%, FIIs 0.2%, DIIs 0.7%, Public 37.0%.Mar '26: Promoters 62.1%, DIIs 0.5%, Public 37.4%.
Who bought this quarter
since Sep 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Amit Bhardwaj newly disclosed 1.33% held
- Shrihari Hanumandas Totala newly disclosed 1.02% held
The same filing shows 0 holders trimming and 2 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of Hoac Foods India Ltd above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| Rambabu Thakur | 38.55% | unchanged |
| Gaytri Thakur | 23.37% | unchanged |
| Amit Bhardwaj | 1.33% | newly disclosed |
| Vspartans Consultants Private Limited | 1.12% | unchanged |
| Shrihari Hanumandas Totala | 1.02% | newly disclosed |
| Urvashi Thakur | 0.14% | unchanged |
| Rupesh Thakur | 0.02% | unchanged |
| Ayodhya Bai | 0.00% | unchanged |
| Yashwant Thakur | 0.00% | unchanged |
| Shivkala Bai | 0.00% | unchanged |
| Late Ram Bgas | 0.00% | unchanged |
| Dashrath | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
What the price assumes
- Growth the price implies
- 35.5% a year
- for 7 years, fading to 4%
- It has actually compounded at
- Not enough history
- The gap
- —
- between what it did and what it must do
All earnings calls (3)
Read the Q4 FY26 call →Learn to analyse Hoac Foods India Ltd
Guides on how to read this kind of business and the numbers that matter.