Oceanic Foods Ltd (540405)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Oceanic Foods' revenue was ₹41.0 Cr, and net profit ₹2.2 Cr; the operating margin was 10.1%.
| Q1 FY27 (₹ Cr) | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹41.0 | — | +4.6% |
| Operating profit | ₹4.1 | — | +11.7% |
| Net profit | ₹2.2 | — | +15.2% |
| EPS (₹) | 1.97 | — | +15.2% |
| Operating margin | 10.1% | — | — |
📢 Recent Corporate Announcements
Oceanic Foods Ltd (Market Cap: ₹61 Cr) has received board approval to incorporate wholly-owned subsidiaries in Jamnagar, Gujarat. These new entities will focus on the retail business of food items, representing a strategic move into direct-to-consumer or retail channels. The company currently generates ₹167 Cr in TTM revenue with an operating margin of 8.5%. While specific investment figures were not disclosed, this expansion targets a new business vertical for the company.
- Board approved the incorporation of Wholly-Owned Subsidiaries (WOS) in Jamnagar, Gujarat
- New business focus is specifically on the retail segment of food items
- Company reported a TTM revenue of ₹167 Cr and PAT of ₹7 Cr for FY26
- Promoter holding remains stable and high at 74.1%
- Current Debt-to-Equity ratio stands at 0.87 with a net worth of ₹45 Cr
Oceanic Foods reported a strong bottom-line performance for Q1 FY27, with standalone net profit rising 42.6% YoY to ₹2.21 cr from ₹1.55 cr. Revenue from operations remained relatively flat at ₹40.95 cr compared to ₹41.27 cr in the year-ago period, but showed a 4.7% sequential growth from Q4 FY26. The profit growth was aided by a small one-time gain of ₹0.22 cr from asset sales and improved operational efficiency. The company continues to operate as a single-segment entity focused on dehydrated vegetables and herbs.
- Standalone Net Profit increased by 42.6% YoY to ₹2.21 cr in Q1 FY27.
- Revenue from operations stood at ₹40.95 cr, contributing approximately 24.5% of the TTM revenue of ₹167 cr.
- Earnings Per Share (EPS) improved to ₹1.96 from ₹1.38 in the corresponding quarter of the previous year.
- Other income included a one-time profit of ₹22.47 lakhs from the sale of assets.
- Finance costs remained stable at ₹0.92 cr compared to the same period last year.
Oceanic Foods reported a standalone net profit of ₹2.21 Cr for Q1 FY27, marking a 42.6% increase from ₹1.55 Cr in Q1 FY26. While revenue from operations remained nearly flat YoY at ₹40.95 Cr (vs ₹41.27 Cr), the company saw a sequential revenue growth of 4.7% from Q4 FY26. Profitability was supported by a one-time gain of ₹22.47 lakhs from the sale of assets and a significant reduction in raw material costs, which fell to ₹33.37 Cr from ₹39.19 Cr YoY. The company's subsidiary remains non-operational with zero revenue and assets.
- Net Profit increased 42.6% YoY to ₹2.21 Cr from ₹1.55 Cr in the year-ago period.
- Revenue from operations stood at ₹40.95 Cr, contributing approximately 24.5% to the TTM revenue of ₹167 Cr.
- Basic EPS improved to ₹1.96 for the quarter, up from ₹1.37 in Q1 FY26 and ₹1.66 in Q4 FY26.
- Other income included a non-recurring profit of ₹22.47 lakhs from the sale of assets.
- Cost of materials consumed decreased by 14.8% YoY to ₹33.37 Cr, aiding margin expansion.
Oceanic Foods Ltd has approved the re-appointment of Mr. Abhishek Niraj Nagrecha as an Independent Director for a second term of five years. The decision, made during the board meeting on August 7, 2026, follows the expiration of his first term on the same date. The re-appointment is subject to shareholder approval via a special resolution at the upcoming Annual General Meeting, scheduled to be held by September 30, 2026. This is a routine governance action for the company, which currently has a market capitalization of Rs 60 crore and TTM revenue of Rs 167 crore.
- Re-appointment of Mr. Abhishek Niraj Nagrecha for a second term of 5 consecutive years
- First term of office as Independent Director expired on August 7, 2026
- Special Resolution for approval to be sought at the AGM on or before September 30, 2026
- Director is a Commerce and Law graduate with no reported relationships to other board members
Oceanic Foods Ltd has scheduled a board meeting on August 10, 2026, to approve its unaudited financial results for the quarter ended June 30, 2026. The company, a micro-cap with a market capitalization of Rs 59 Cr, reported a TTM revenue of Rs 167 Cr and a PAT of Rs 7 Cr. This meeting is a routine regulatory requirement under SEBI (LODR) Regulations. Investors will assess if the company can sustain its FY26 growth, where revenue increased from Rs 147 Cr to Rs 167 Cr.
- Board meeting date set for August 10, 2026, to approve Q1 FY27 results
- Company reported a net profit of Rs 1.87 Cr in the preceding quarter ended March 2026
- TTM revenue stands at Rs 167 Cr with an operating profit margin of 8.5%
- Promoter holding remains stable at 74.07% as of June 2026
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