KRBL

KRBL share price & financials

Price
₹384.95
Market cap
₹9.3k Cr
Sector
Fast Moving Consumer Goods
Calls analysed
6
Latest concall · Q1 FY27 · call held 17 Aug 2026

KRBL Limited Q1 FY27

EBITDA ₹372 cr EBITDA Margin 23.8% PAT ₹261 cr PAT Margin 16.7%

What went well

  • Domestic revenue (excluding power) grew 14% YoY to ₹1,221 crores, driven by an 11% increase in rice realization.
  • EBITDA at ₹372 crores, with EBITDA margin expanding to 23.8% from 13.9% in Q1 FY26.
  • PAT at ₹261 crores, representing a 16.7% margin, up from ₹151 crores (9.3% margin) last year.

What to watch

  • Overall revenue declined by approximately 6% YoY to ₹1,496 crores.
  • Export revenue declined significantly by 50% to ₹244 crores (vs ₹485 crores in Q1 FY26) due to Middle East conflict.
Read the full call →

What KRBL Limited does

KRBL is a fully integrated farm-to-plate basmati rice company, founded in 1899, that controls the value chain from seed development and contact farming through milling, aging, processing and packaging to branded retail distribution under the India Gate brand. It sells basmati and other aged regional rice domestically through general trade, modern trade and e-commerce, and exports to customers across 90+ countries with the Middle East as the largest export market. It has also diversified into biryani masalas (India Gate Classic) and health-focused edible oils (India Gate Uplife), and generates additional revenue from power/energy produced as a byproduct of its rice-milling operations.

Segments

  • Domestic
  • Exports
  • Power
Retail outlet reach
3.4 Lakh (~340,000) retail outlets
Household reach in India
1.2 Crore (~12 million) households
Distributor network
850+ distributors
Manufacturing/processing units
5 units — Dhuri (Punjab), Alipur (Delhi), Sonipat (Haryana), Gautam Budh Nagar (UP) and Anjar (Gujarat)
Export footprint
90+ countries across 6 continents
Supply-chain distribution nodes
16 C&F agents and 8 super-stockists
Founded 1899Headquarters New Delhi, IndiaEmployees 2,995 (2025-03-31) Company website

Guidance record · Q1 FY27

what the last two calls moved 20 tracked 2 delivered 4 missed 14 open
  • Gross Margin delivered said Q3 FY25 Promised: they are going to improve in the first quarter of '2025-'26 Q1 FY27: Promise fulfilled in prior quarters.
  • Saudi Export Revenue went quiet said Q3 FY25 Promised: in FY '2026, we will reach around INR500crores plus through Saudi alone Q1 FY27: Management confirmed they are still searching for a distributor after past issues, confirming the target was missed and strategy remains unresolved.
  • Edible Oil / Uplife Revenue at risk said Q3 FY25 Promised: targeting INR 300 crores revenue milestone... over the next 3 to 5 years Q1 FY27: No specific update on edible oil revenue for the quarter. The 'healthy double-digit growth' guidance for FY27 on a low base of ₹12cr is insufficient to meet the long-term target.

All 20 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue down 5.6%, net profit up 72.8% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue1,270 1,682 1,442 1,584 1,511 +19%1,477 −12%1,526 +6%1,496 −6%
EBITDA123 195 224 193 226 +84%229 +17%229 +2%308 +60%
Net profit103 133 154 151 172 +67%170 +28%155 +1%261 +73%
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 −4.4% 1Y

₹300₹350₹400₹450Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q1 FY26 — 16 Sept 2025Q2 FY26 — 14 Nov 2025Q3 FY26 — 19 Feb 2026Q4 FY26 — 18 May 2026Q1 FY27 — 17 Aug 2026

1Y: ₹440.2 on 10 Sept 2025 → ₹421.05. High ₹447.4 (26 Aug 2026), low ₹278.95 (19 Mar 2026).

How the price took the results

close before → close after

Q1 FY27
+2.4%
17 Aug
Q4 FY26
−3.0%
18 May
Q3 FY26
−1.7%
19 Feb
Q2 FY26
+13.3%
14 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.

Financials, as filed

Revenue grew 4.4% a year over 3 years, FY23 to FY26. Operating margin narrowed to 14.4%.

Year endingFY23FY24FY25FY26
Revenue₹5.4k Cr₹5.4k Cr₹5.6k Cr₹6.1k Cr
Operating profit₹939 Cr₹803 Cr₹659 Cr₹877 Cr
Operating margin17.5%14.9%11.8%14.4%
Interest₹14 Cr₹23 Cr₹15 Cr₹7 Cr
Depreciation₹76 Cr₹80 Cr₹81 Cr₹91 Cr
Net profit₹700 Cr₹596 Cr₹477 Cr₹648 Cr
Net margin13.1%11.1%8.5%10.6%
Cash from operations₹-360 Cr₹224 Cr₹961 Cr₹933 Cr
Free cash flow₹-419 Cr₹141 Cr₹866 Cr₹866 Cr
ROCE21.0%16.0%12.0%15.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹24 Cr₹24 Cr₹24 Cr₹23 Cr₹23 Cr₹23 Cr
Reserves₹3.7k Cr₹4.0k Cr₹4.7k Cr₹4.8k Cr₹5.5k Cr₹5.8k Cr
Borrowings₹369 Cr₹145 Cr₹250 Cr₹545 Cr₹71 Cr₹170 Cr
Other liabilities₹566 Cr₹533 Cr₹648 Cr₹525 Cr₹705 Cr₹622 Cr
Total liabilities₹4.6k Cr₹4.7k Cr₹5.6k Cr₹5.9k Cr₹6.3k Cr₹6.6k Cr
Fixed assets₹947 Cr₹924 Cr₹899 Cr₹903 Cr₹927 Cr₹1.3k Cr
Capital work in progress₹9 Cr₹2 Cr₹16 Cr₹13 Cr₹36 Cr₹14 Cr
Investments₹19 Cr₹21 Cr₹31 Cr₹115 Cr₹1.8k Cr₹860 Cr
Other assets₹3.7k Cr₹3.8k Cr₹4.6k Cr₹4.9k Cr₹3.5k Cr₹4.4k Cr
Total assets₹4.6k Cr₹4.7k Cr₹5.6k Cr₹5.9k Cr₹6.3k Cr₹6.6k 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 Jun 2026

Since Jun 2025, the public trimmed −0.65 pp while FIIs added +0.57 pp. The shareholder count shrank 9% to 85,582.

Promoters
60.2%
FIIs
7.3%
DIIs
0.7%
Government
6.3%
Public
25.6%

Since Jun 2025

  • Public −0.65 pp
  • FIIs +0.57 pp
  • DIIs +0.08 pp

How it drifted, 12 quarters

Over this window the public fell from 29.7% to 25.6% — −4.1 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 60.2%, FIIs 3.7%, DIIs 0.1%, Government 6.3%, Public 29.7%.Dec '23: Promoters 60.2%, FIIs 3.3%, DIIs 0.1%, Government 6.3%, Public 30.1%.Mar '24: Promoters 60.2%, FIIs 3.5%, DIIs 0.2%, Government 6.3%, Public 29.9%.Jun '24: Promoters 60.2%, FIIs 4.1%, DIIs 0.4%, Government 6.3%, Public 29.0%.Sep '24: Promoters 60.2%, FIIs 4.3%, DIIs 0.3%, Government 6.3%, Public 28.9%.Dec '24: Promoters 60.2%, FIIs 5.3%, DIIs 0.3%, Government 6.3%, Public 27.9%.Mar '25: Promoters 60.2%, FIIs 5.1%, DIIs 0.4%, Government 6.3%, Public 28.1%.Jun '25: Promoters 60.2%, FIIs 6.7%, DIIs 0.6%, Government 6.3%, Public 26.2%.Sep '25: Promoters 60.2%, FIIs 6.5%, DIIs 0.7%, Government 6.3%, Public 26.3%.Dec '25: Promoters 60.2%, FIIs 7.6%, DIIs 0.7%, Government 6.3%, Public 25.3%.Mar '26: Promoters 60.2%, FIIs 7.8%, DIIs 0.7%, Government 6.3%, Public 25.1%.Jun '26: Promoters 60.2%, FIIs 7.3%, DIIs 0.7%, Government 6.3%, Public 25.6%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of KRBL Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Anil Mittal Family Trust (Anil Kumar Mittal And Preeti Mittal) 18.52%unchanged
Arun Kumar Gupta Family Trust (Arun Kumar Gupta And Kunal Gupta) 17.99%unchanged
Anoop Kumar Gupta Family Trust (Anoop Kumar Gupta, Akshay Gupta And Ayush Gupta) 16.56%unchanged
Joint Director Of Enforcement,Central Region 6.26%unchanged
Anil Kumar Goel 3.18%unchanged
Anoop Kumar Gupta Huf (Anoop Kumar Gupta) 3.11%unchanged
Arun Kumar Gupta Huf (Arun Kumar Gupta) 2.07%unchanged
Seema Goel 1.62%unchanged
Fidelity Investment Trust Fidelity International Small Cap Fund AIF1.61%unchanged
Anil Kumar Mittal Huf (Anil Kumar Mittal) 1.53%unchanged
Som Nath Aggarwal . 1.41%unchanged
Binita Gupta Family Trust (Anoop Kumar Gupta And Binita Gupta) 0.39%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

Expensive

To justify its price of ₹421, this stock must grow earnings at 5% every year for 7 years. Our analysis caps realistic growth at ~-2%. At that growth it is worth ₹288 — downside of 32%.

Growth the price implies
5.3% a year
for 7 years, fading to 4%
It has actually compounded at
-2.5% a year
net profit, FY23–FY26 · EPS -1.7%
The gap
0.1 pp
-32% downside if it only repeats history
Price today ₹421.05 Value at the reference growth ₹287.83

Change the assumptions yourself →

All earnings calls (6)

Read the Q1 FY27 call →

Learn to analyse KRBL Limited

Guides on how to read this kind of business and the numbers that matter.