Bambino Agro Industries Ltd (519295)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Bambino Agro's revenue was ₹84.7 Cr (-4.0% year on year, -14.1% on the previous quarter), and net profit ₹3.4 Cr (-5.1% year on year); the operating margin was 10.7%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹84.7 | -4.0% | -14.1% |
| Operating profit | ₹9.0 | -1.1% | +57.5% |
| Net profit | ₹3.4 | -5.1% | +726.0% |
| EPS (₹) | 4.23 | -5.2% | +729.4% |
| Operating margin | 10.7% | — | — |
📢 Recent Corporate Announcements
Bambino Agro Industries Ltd has received approval from the Registrar of Companies (ROC), Telangana, granting a 3-month extension to hold its 43rd Annual General Meeting (AGM) for FY 2025-26. The AGM, originally due by September 30, 2026, can now be conducted up to December 31, 2026. The extension was granted under Section 96(1) of the Companies Act, 2013, citing circumstances related to an NCLT order dated June 11, 2026.
- ROC Telangana granted a 3-month extension to conduct the 43rd AGM.
- New deadline to hold the AGM is extended up to December 31, 2026 (originally due September 30, 2026).
- Approval letter from ROC is dated August 24, 2026, following company application on August 20, 2026.
- Extension cited grounds including an NCLT order dated June 11, 2026.
Bambino Agro Industries reported a slight decline in its Q1 FY27 performance, with revenue from operations falling 4% YoY to Rs 84.70 Cr. Net profit for the quarter stood at Rs 3.39 Cr, a 5% decrease compared to Rs 3.57 Cr in Q1 FY26. However, profitability showed a sharp recovery on a sequential basis from the Rs 0.41 Cr reported in Q4 FY26. The Board has also recommended a final dividend of Rs 1.60 per share (16%) for the financial year 2025-26, pending shareholder approval.
- Revenue from operations decreased by 4% YoY to Rs 84.70 Cr from Rs 88.26 Cr.
- Net profit for Q1 FY27 was Rs 3.39 Cr, down from Rs 3.57 Cr in the corresponding quarter last year.
- Recommended a final dividend of Rs 1.60 per equity share (16% of face value) for FY 2025-26.
- Total expenses for the quarter were managed down to Rs 80.16 Cr from Rs 83.41 Cr YoY.
- Earnings Per Share (EPS) for the quarter stood at Rs 4.23, compared to Rs 4.46 in Q1 FY26.
Bambino Agro Industries has recommended a final dividend of Rs 1.60 per share (16% of face value) for FY 2025-26, pending shareholder approval. The company also reported its Q1 FY27 results, showing a 4% YoY decline in revenue to Rs 84.70 Cr compared to Rs 88.26 Cr in Q1 FY26. Net profit for the quarter followed a similar trend, decreasing 5% YoY to Rs 3.39 Cr from Rs 3.57 Cr. The dividend payout represents approximately 12.8% of the FY26 EPS of Rs 12.48.
- Recommended a final dividend of Rs 1.60 per equity share for the financial year 2025-26
- Q1 FY27 revenue from operations stood at Rs 84.70 Cr, down from Rs 88.26 Cr in the previous year's quarter
- Net profit for Q1 FY27 reported at Rs 3.39 Cr versus Rs 3.57 Cr in Q1 FY26
- Quarterly Earnings Per Share (EPS) recorded at Rs 4.23
- Total expenses for the quarter reduced to Rs 80.16 Cr from Rs 83.41 Cr YoY
Bambino Agro Industries reported a 4.03% YoY decline in revenue to ₹84.70 Cr for Q1 FY27. Net profit decreased by 5.18% YoY to ₹3.39 Cr, although it showed a significant recovery from the ₹0.41 Cr reported in the preceding quarter (Q4 FY26). The Board has recommended a final dividend of ₹1.60 per share (16% of face value) for FY 2025-26. Additionally, the company appointed new internal auditors for the current fiscal year.
- Revenue from operations decreased to ₹84.70 Cr in Q1 FY27 from ₹88.26 Cr in Q1 FY26.
- Net profit stood at ₹3.39 Cr, a sharp recovery from the ₹0.41 Cr reported in the previous quarter (March 2026).
- Recommended a final dividend of ₹1.60 per equity share for FY 2025-26, subject to shareholder approval.
- Total expenses for the quarter were ₹80.16 Cr, down from ₹83.41 Cr in the year-ago period.
- Earnings Per Share (EPS) for the quarter was ₹4.23, compared to ₹4.46 in Q1 FY26.
Bambino Agro Industries has scheduled a board meeting on August 12, 2026, to approve unaudited financial results for the quarter ended June 30, 2026. The board will also consider recommending a final dividend for the fiscal year ended March 31, 2026. This follows a fiscal year (FY26) where the company generated Rs 394 Cr in revenue and Rs 10 Cr in PAT. The trading window for designated persons has been closed since July 1, 2026, in anticipation of these results.
- Board meeting scheduled for 12th August 2026 to review Q1 FY27 performance.
- Consideration of a final dividend for the financial year ended 31st March 2026.
- Trading window for designated persons closed from 1st July 2026.
- Company reported a TTM revenue of Rs 394 Cr and a market cap of Rs 173 Cr.
Financial Performance
Revenue Growth by Segment
Total operating income grew by 9.65% YoY, rising from INR 303.20 Cr in FY23 to INR 332.45 Cr in FY24. For 9MFY25, the company reported revenue of INR 275.24 Cr, indicating sustained demand for its packaged food products.
Geographic Revenue Split
Not disclosed in available documents; however, the company maintains a widespread distribution network of stockists and distributors across India to support its national brand presence.
Profitability Margins
Net Profit Margin improved slightly from 3.02% in FY23 to 3.29% in FY24. However, for the full year FY25, PAT was INR 9.21 Cr compared to INR 10.93 Cr in FY24, representing a 15.7% decrease despite higher revenues, likely due to increased tax expenses and finance costs.
EBITDA Margin
EBITDA margin improved from 6.95% in FY23 to 8.23% in FY24, driven by better operational efficiencies. The 9MFY25 EBITDA margin remained stable at 8.00% with an absolute EBITDA of INR 22.01 Cr.
Capital Expenditure
Property, Plant and Equipment (PPE) increased to INR 99.18 Cr in FY25 from INR 83.88 Cr in FY24, representing an investment of approximately INR 15.30 Cr in asset base expansion. Capital work-in-progress stood at INR 0.56 Cr as of March 2025.
Credit Rating & Borrowing
The company's credit rating was upgraded in March 2025 to IVR BBB-/Stable from IVR BB+/RWDI. This upgrade reflects improved capital structure and business performance. Interest coverage ratio improved from 3.34x in FY23 to 3.67x in 9MFY25.
Operational Drivers
Raw Materials
Wheat and Semolina are the primary raw materials for pasta and vermicelli production, representing the largest portion of the INR 354.32 Cr total expenditure in FY25.
Import Sources
Not specifically disclosed, but procurement is primarily domestic to support manufacturing units in Haryana.
Capacity Expansion
The company has a total installed capacity of 141,310 MT per annum across its manufacturing units in Begumpur Khatola (Gurgaon) and Gohana (Sonepat), Haryana.
Raw Material Costs
Raw material costs are a significant driver of the INR 354.32 Cr total expenses. The company faces volatility in wheat prices but mitigates this by partially passing price hikes to consumers through its established brand name.
Manufacturing Efficiency
Average working capital limit utilization was approximately 75% for the 12 months ended January 2025, suggesting efficient use of available credit lines for operations.
Logistics & Distribution
The company utilizes a nationwide network of stockists and distributors to deliver products from its Haryana-based plants to various regional markets.
Strategic Growth
Expected Growth Rate
10%
Growth Strategy
Growth is targeted through the expansion of product offerings beyond traditional vermicelli into instant food mixes, soups, and ginger garlic paste. The company is also increasing its market presence in the packaged food segment to leverage its existing distribution scale.
Products & Services
Vermicelli, Macaroni, Dalia, Pasta products, Soya chunks, Wheat flour, Instant soups, Instant food mixes, and Ginger garlic paste.
Brand Portfolio
Bambino
New Products/Services
Expansion into instant food products like soups and mixes is expected to diversify revenue streams and improve margins compared to bulk commodities.
Market Expansion
The company is focusing on expanding its product reach through its established stockist network, targeting both organized and unorganized retail segments.
Market Share & Ranking
The company is a leading player in the Indian pasta and vermicelli industry with over three decades of brand presence.
External Factors
Industry Trends
The packaged food industry is shifting toward 'instant' and 'convenience' foods. Bambino is positioning itself by expanding into instant mixes and soups to capture this growing consumer segment.
Competitive Landscape
Faces intense competition from both large organized pasta brands and numerous small-scale unorganized manufacturers in the fragmented food processing sector.
Competitive Moat
The primary moat is the 'Bambino' brand name, which has been established over 30 years, creating high consumer recall and a competitive advantage over unorganized players.
Macro Economic Sensitivity
Highly sensitive to agricultural inflation (wheat prices) and consumer spending patterns in the packaged food sector.
Consumer Behavior
Increasing demand for branded, hygienic, and easy-to-cook food products is driving growth in the company's core pasta and instant mix segments.
Geopolitical Risks
Primarily domestic operations limit direct geopolitical exposure, though global wheat price trends affect local procurement costs.
Regulatory & Governance
Industry Regulations
Subject to food safety standards and FSSAI regulations; the company must maintain strict quality controls to mitigate reputation risks inherent in the food industry.
Taxation Policy Impact
The effective tax rate for FY25 was approximately 34% (INR 4.75 Cr tax on INR 13.96 Cr PBT).
Legal Contingencies
A significant family dispute and shareholder petition (u/s 241, 242 & 245 of the Companies Act 2013) is pending before the NCLT Hyderabad. This litigation involves substantial shareholders and could impact management stability.
Risk Analysis
Key Uncertainties
The primary uncertainty is the outcome of the NCLT litigation regarding shareholding and management, which could lead to leadership changes or operational disruptions.
Geographic Concentration Risk
Manufacturing is concentrated in Haryana (Gurgaon and Sonepat), making the supply chain vulnerable to regional disruptions.
Third Party Dependencies
High dependency on a network of independent stockists and distributors for revenue realization.
Technology Obsolescence Risk
The company is currently migrating to 'Netsuite' accounting software to address a lack of audit trail (edit log) features in its previous system, which was a noted internal control deficiency.
Credit & Counterparty Risk
Trade receivables increased 28.1% to INR 16.63 Cr in FY25, indicating a slight expansion in credit terms to distributors.
