Pakka (516030) Q1 25/26 earnings summary

Executive summary

• Q1 FY26 consolidated revenue was ₹84.26 Cr, down 15% year-over-year and 12% sequentially, mainly due to a 14-day manufacturing shutdown for upgrades, with order books remaining healthy.

• Q1 FY26 PAT was ₹6.54 Cr, a significant decline from ₹15.88 Cr in Q1 FY25 and ₹12.16 Cr in Q4 FY25.

• Standalone revenue for Q1 FY26 was ₹8,223.91 lakhs, down from ₹9,215.71 lakhs in the previous quarter and ₹9,678.65 lakhs in Q1 FY25.

• Consolidated net loss for Q1 FY26 was ₹152.98 lakhs, compared to a profit of ₹855.79 lakhs in Q1 FY25.

• Full-year FY25 consolidated revenue reached ₹421 Cr, up from ₹413 Cr in FY24, while PAT declined to ₹38 Cr from ₹41 Cr.

Financial highlights

• Q1 FY26 revenue for Wrap and Carry segment was ₹70 Cr, down 18% year-over-year and sequentially; FY25 segment revenue was ₹367 Cr, up 3% year-over-year.

• Q1 FY26 Wrap and Carry PBT was ₹7 Cr, down 58% year-over-year and 54% sequentially; FY25 segment PBT was ₹71.73 Cr, up 1.25% year-over-year.

• Q1 FY26 Food Services revenue was ₹13.77 Cr, up 19% sequentially but down 5% year-over-year; FY25 segment revenue was flat at ₹56 Cr.

• Standalone EPS for Q1 FY26 was ₹1.08, down from ₹3.00 in the previous quarter and ₹2.77 in Q1 FY25.

• Consolidated EPS for Q1 FY26 was negative at ₹(0.39), compared to ₹2.18 in Q1 FY25.

Outlook and guidance

• Plans for 2025-26 include enhancing focus and productivity in the carry segment, value creation in food services, commissioning the Jagriti project, and establishing Project Kawok in Guatemala.

• 2030 goal targets 500,000 TPA capacity and $1 billion in revenue.

• Q2'26 commitments include rationalizing the food carry division, supply chain optimization, and finalizing innovation roadmaps.

• The plant was shut from 16th June to 23rd July 2025 for expansion under Project Jagriti, which may impact future quarters.

• Closure of Pakka Pte Limited, a wholly owned subsidiary, is planned for the current financial year.