KPRMILL's Q2 FY27 numbers came in strong, with revenue of Rs. 1,939.74 Cr (+18.85% YoY) and PAT growth of +58.24% YoY. Here's a quick read of what worked, what to watch, and what management said.
Quick Details| Results date | October 28, 2026 |
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| Quarter | Q2 FY 2026-2027 |
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| Revenue (Q2) | Rs. 1,939.74 Cr (+18.85% YoY) |
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| PAT (Q2) | Rs. 345.00 Cr (+58.24% YoY) |
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| EBITDA margin | 27.49% (+707 bps YoY) |
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| EPS (Q2) | Rs. 10.09 (+58.20% YoY) |
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| Market cap | Rs. 36,693.73 Cr |
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| CMP | Rs. 1,073.50 |
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Quarter Snapshot
KPR Mill delivered a margin-led quarter: revenue grew 18.85% YoY but EBITDA grew 61.70% with margin up 707 bps to 27.49%, driven largely by liquidation of low-cost inventory (buffer now ~44% consumed, so the margin is not a run-rate). The sugar segment emerged as a material profit contributor with a 260% YoY result increase, and the balance sheet strengthened with borrowings down 42.9% and net cash of Rs.2,182 Cr. No management guidance was available in the source to score against.
Key Investment Insights
Key Positives
- Revenue grew 18.85% YoY to Rs.1,939.74 Cr; both textile (+16.62%) and sugar (+26.87%) segments grew over 16% YoY
- EBITDA grew 61.70% YoY to Rs.546.81 Cr with margin expanding 707 bps YoY to 27.49% (605 bps expansion even excluding other income)
- PAT grew 58.24% YoY to Rs.345.00 Cr; EPS rose to Rs.10.09 from Rs.6.38 (+58.2%)
- Textile segment margin expanded 606 bps YoY to 24.90% with segment result up 54.09% YoY
- Sugar segment result grew 260.10% YoY to Rs.73.10 Cr with margin of 16.76% vs 5.91% a year ago
- H1 CFO of Rs.1,448.71 Cr was 2.40x H1 PAT; H1 FCF of Rs.1,371.94 Cr
- Borrowings fell 42.9% to Rs.340.25 Cr; net cash position rose to Rs.2,182.13 Cr (+Rs.1,347 Cr in six months)
- PAT-ex-other-income grew 42.14% YoY (Rs.309.64 Cr vs Rs.217.84 Cr), confirming growth survives conservative normalization
Risk Factors
- Revenue was flat QoQ (+0.22%) — the quarter is margin-led, not volume-led
- The margin expansion is driven by liquidation of low-cost inventory; the buffer is ~44% consumed since March and the Q2 margin is not a run-rate
- Textile revenue declined 1.44% QoQ
- Standalone PAT growth of 152.47% YoY is flattered by Rs.130.22 Cr of other income (intra-group dividends/interest eliminated on consolidation)
- H1 capex of Rs.76.77 Cr is well below FY26 pace of Rs.314.82 Cr, so no new capacity costs or growth contributions are yet visible