Ganesh Consumer Products Limited (GANESHCP)
₹158.57 -2.73% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Ganesh Consumer's revenue was ₹189 Cr (-7.1% year on year, -13.5% on the previous quarter), and net profit ₹12.5 Cr (+25.2% year on year); the operating margin was 11.2%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹189 | -7.1% | -13.5% |
| Operating profit | ₹21.0 | +0.1% | +16.8% |
| Net profit | ₹12.5 | +25.2% | +25.2% |
| EPS (₹) | 3.14 | +19.8% | +33.1% |
| Operating margin | 11.2% | — | — |
GANESHCP delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 68.21% of the GANESHCP shares traded on NSE were taken to delivery, against the stock's own 20-session average of 59.81%. That is close to its usual level. Turnover was only ₹56 lakh, so a handful of trades can move this figure. Volume was 0.2 times its average, well below normal.
Delivery in the last 5 sessions: 49.4% · 42.3% · 51.9% · 47.9% · 68.2%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Ganesh Consumer Products Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. The certificate issued by Registrar and Share Transfer Agent MUFG Intime India confirms that all security certificates received for dematerialisation during the quarter were processed and cancelled per regulatory timelines. This is a standard quarterly administrative filing with no financial or operational impact.
- Compliance submission under Regulation 74(5) for the quarter ended September 30, 2026
- Certificate issued by Registrar and Share Transfer Agent MUFG Intime India Private Limited on October 03, 2026
- Filing submitted to BSE and NSE on October 06, 2026
Ganesh Consumer Products has completed the sale of movable and immovable assets of its non-core Hyderabad unit to Megacity Flour Mills for ₹32.50 crore. The sale consideration represents approximately 2.7 times the unit's net block of ₹11.98 crore as of August 31, 2026. The Hyderabad facility contributed ₹12.53 crore to revenue in FY26, representing about 1.4% of total operational revenue. The company plans to redeploy the capital and management focus into core expansion and capex within Eastern India, leaving it with 7 manufacturing units across West Bengal and Uttar Pradesh.
- Sold Hyderabad unit assets for a total consideration of ₹32.50 crore
- Realized consideration is ~2.7x the unit's net block of ₹11.98 crore as of August 31, 2026
- Divested unit generated ₹12.53 crore in FY26 (~1.4% of company revenue from operations)
- Unit had a manufacturing capacity of 312 tonnes per day on 10,220 square metres of land
- Transaction leaves the company with 7 manufacturing facilities across West Bengal and Uttar Pradesh
Ganesh Consumer Products Limited has completed the sale of movable and immovable assets of its Hyderabad unit to Megacity Flour Mills Private Limited for ₹32.50 crore. The transaction was finalized and the Sale Deed executed on October 01, 2026. The Hyderabad facility accounted for just 1.4% of the company's operational revenue in the last financial year. The buyer is not a related party, making it an arm's-length monetization of non-core or low-contribution manufacturing assets.
- Sale of Hyderabad unit assets concluded for an aggregate consideration of ₹32,50,00,000
- Asset contributed 1.4% of the company's revenue from operations in the last financial year
- Sale Deed executed and transaction completed on October 01, 2026
- Buyer is Megacity Flour Mills Private Limited, an unrelated third-party entity
Ganesh Consumer Products Limited announced that its Board of Directors met on September 28, 2026, and approved the sale of movable and immovable assets of its Hyderabad unit. The decision follows a operational review aligned with the company's core strategy to concentrate on Eastern India markets. Transaction valuation, buyer details, and consideration amounts were not disclosed in the filing.
- Board approved sale of movable and immovable assets and properties of the Hyderabad unit on September 28, 2026
- Divestment aligns with corporate strategy to focus resources on Eastern India geography
- Board meeting commenced at 11:30 AM and concluded at 12:25 PM on September 28, 2026
- Sale consideration and transaction value not disclosed
Ganesh Consumer Products Limited concluded its 26th Annual General Meeting on September 21, 2026. Key agenda items placed before shareholders included the confirmation of an interim dividend of ₹2.50 per share and declaration of a final dividend of ₹2.50 per share (face value ₹10). Other business covered the reappointment of retiring director Mrs. Madhu Mimani and managerial remuneration approvals for Chairperson Manish Mimani and Director Devansh Mimani. Scrutinizer voting results will be submitted separately under Regulation 44.
- Declared final dividend of ₹2.50 per equity share of ₹10 face value
- Confirmed previously paid interim dividend of ₹2.50 per equity share
- AGM concluded on September 21, 2026 at 1:44 PM IST via VC/OAVM
- Voted on remuneration approvals for Chairperson/MD and Non-Executive Director
Ganesh Consumer Products Limited has clarified that recent media reports (dated September 16–17, 2026) regarding the suspension of an FSSAI food safety licence pertain to an unrelated entity named 'Ganesh Products Private Limited'. The company confirmed it has no corporate, operational, or shareholding relationship with that firm. Ganesh Consumer verified that all its licences remain fully valid and subsisting, with zero regulatory notices or suspensions received. The company is actively contacting media outlets like NDTV and IANS to seek appropriate corrections.
- Media reports published on September 16–17, 2026, incorrectly linked FSSAI licence suspension to the company
- Company confirmed 0% ownership, management, or business connection with 'Ganesh Products Private Limited'
- All food safety licences and registrations held by the company remain 100% valid and subsisting
- Zero notices or suspension orders received from the Food Safety and Standards Authority of India
Ganesh Consumer Products Limited announced that its Board of Directors approved a proposal to purchase land in the State of Assam. The land acquisition is intended to augment infrastructure and support the strategic expansion of its business operations into Northeast India. Financial details, including the total capex outlay, parcel size, and implementation timeline, were not disclosed in the filing. The board meeting concluded within 35 minutes on September 09, 2026.
- Board approved the purchase of land in the State of Assam on September 09, 2026
- Expansion aligns with corporate strategy to penetrate Northeast India and expand manufacturing infrastructure
- Capex quantum, land acreage, and exact location remain not disclosed
- Board meeting commenced at 3:30 P.M. and concluded at 4:05 P.M.
Ganesh Consumer Products Limited filed a disclosure under Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015 on September 04, 2026. The filing pertains to the acquisition of equity shares of the company by the Managing Director & promoter. Specific transaction quantum and pricing details were enclosed in Form C.
- Disclosure filed under SEBI (Prohibition of Insider Trading) Regulations, 2015 on September 04, 2026
- Form C submitted regarding acquisition of equity shares by the Managing Director & promoter
- Company trades under NSE Symbol GANESHCP and BSE Scrip Code 544528
Ganesh Consumer Products Limited has issued an intimation to shareholders who do not have registered email addresses, providing the exact website path to access the Annual Report for FY 2025-26. The company announced that its 26th Annual General Meeting (AGM) will be held on September 21, 2026, at 01:00 PM IST via Video Conferencing. The cut-off date for dispatching these intimations was August 21, 2026. This is a standard statutory disclosure under SEBI LODR Regulation 36(1)(b).
- 26th Annual General Meeting (AGM) scheduled for September 21, 2026, at 01:00 PM IST via VC/OAVM
- Weblink and path for FY 2025-26 Annual Report shared under Regulation 36(1)(b) of SEBI LODR
- Shareholder record cut-off date for non-registered email dispatch was August 21, 2026
Managing Director and Promoter Manish Mimani acquired 30,200 equity shares of Ganesh Consumer Products Limited through an open-market transaction on the NSE on August 25, 2026. The transaction value stood at Rs 49,91,046.22. Following this acquisition, his personal shareholding increased from 26,91,757 shares (6.6606%) to 27,21,957 shares (6.7354%), reflecting a net stake addition of 0.0748%.
- Acquisition of 30,200 equity shares via open market on August 25, 2026
- Total transaction value amounted to Rs 49,91,046.22
- Holding increased from 6.6606% (26,91,757 shares) to 6.7354% (27,21,957 shares)
- Transaction reported under SEBI PIT Regulation 7(2)
Ganesh Consumer Products Limited has withdrawn its previous notice dated August 13, 2026, which sought to revise the dividend record date. The revised record date of September 02, 2026, for the FY 2025-26 final dividend now stands cancelled. Consequently, the original record date of Friday, August 14, 2026, remains in force to determine shareholder dividend entitlement. The final dividend payment remains subject to shareholder approval at the upcoming Annual General Meeting.
- Original record date of Friday, August 14, 2026, reinstated for FY26 final dividend entitlement
- Revised record date of Wednesday, September 02, 2026, stands cancelled
- Company formally withdrew the prior revision notice issued on August 13, 2026
- Subject to approval by shareholders at the forthcoming Annual General Meeting
Ganesh Consumer Products Limited has announced a revision to the record date for its Final Dividend for the financial year 2025-26. The date has been moved from the previously intimated August 14, 2026, to September 02, 2026. This dividend remains subject to shareholder approval at the company's upcoming Annual General Meeting (AGM). The company currently has a paid-up equity capital of Rs 40.41 crore, divided into shares of Rs 10 face value.
- Revised Record Date for Final Dividend set to September 02, 2026
- Original Record Date was previously scheduled for August 14, 2026
- Total Paid-up Equity Capital stands at Rs 40,41,29,460
- Face value of equity shares is Rs 10 per share
- Dividend entitlement is subject to approval at the forthcoming AGM
Ganesh Consumer Products has submitted the audio recording of its Q1 FY27 earnings conference call held on August 5, 2026. This procedural filing allows investors to access management commentary regarding the company's performance and growth strategy. Based on previous data, the company reported a Dec 2025 quarterly revenue of ₹211.75 cr and a net profit of ₹12.20 cr. The call likely covered progress on the Agra facility and expansion into Bihar and Northeast markets.
- Earnings conference call for Q1 FY27 was conducted on August 5, 2026, at 16:00 IST
- Audio recording link was officially shared with exchanges on August 10, 2026
- Company previously reported a Dec 2025 quarterly revenue of ₹211.75 cr
- Management maintains a long-term expected growth rate of 15-20%
- Spices category revenue reached ₹16-17 cr in H1 FY26, showing high-growth potential
Ganesh Consumer Products Limited has submitted the audio recording of its Earnings Conference Call for the quarter ended June 30, 2026 (Q1 FY27). The call was held on August 5, 2026, providing management commentary on the company's performance and outlook. This is a procedural filing under SEBI Regulation 30, allowing investors to access detailed discussions regarding the company's 15-20% growth strategy and geographic expansion plans.
- Earnings conference call for Q1 FY27 held on August 5, 2026, at 16:00 IST
- Audio recording made available on the company's website as of August 10, 2026
- Company previously reported Dec 2025 quarterly revenue of Rs 211.75 cr and PAT of Rs 12.20 cr
- Management continues to target 15-20% growth through expansion into Bihar and Northeast India
Ganesh Consumer Products has released the audio recording of its Q1 FY27 earnings conference call held on August 5, 2026. This filing is a standard regulatory requirement following the announcement of quarterly results. The call likely covers the company's progress on its Agra facility and expansion into Bihar and Northeast markets, following a reported revenue of Rs 211.74 cr in the Dec 2025 quarter.
- Earnings conference call conducted on August 05, 2026, at 16:00 IST
- Recording pertains to the financial performance for the quarter ended June 30, 2026
- Management previously targeted 15-20% growth driven by geographic expansion
- Spices category previously reported high growth of 68.5% in H1 FY26
Financial Performance
Revenue Growth by Segment
Core staples like Atta grew 35.4% YoY and Spices grew 68.5% YoY in H1 FY26. Sattu revenue exceeded INR 130 Cr in FY24 with gross margins over 30%. Overall revenue grew 7.1% YoY to INR 441.6 Cr in H1 FY26.
Geographic Revenue Split
Strong concentration in West Bengal with a distribution network of 25 C&F agents and 900+ distributors. Expanding into Bihar and Northeast markets via the new Agra facility. East India represents 18% of the Atta TAM and 28.2% of the Sattu TAM.
Profitability Margins
Gross margins expanded 350 bps to 26% in Q2 FY26. Net Profit Margin (NPM) was 4.7% in H1 FY26, down from 5.6% in H1 FY25 due to higher interest costs and promotional spends. Operating Profit Margin (OPM) historically ranges between 8-9%.
EBITDA Margin
EBITDA margin stood at 10.0% in Q2 FY26, a 140 bps improvement YoY. For H1 FY26, EBITDA margin was 10.2%, slightly down from 10.5% in H1 FY25 due to strategic promotional activities.
Capital Expenditure
Utilizing INR 130 Cr from IPO proceeds for optimizing production capacities, including the Agra manufacturing facility for Atta due to start in November 2025, and strengthening distribution reach.
Credit Rating & Borrowing
ICRA reports a conservative capital structure with gearing at 0.2x and TOL/TNW at 0.4x as of March 31, 2024. Interest coverage was strong at 9.7x in FY24. CARE rating is BB/Stable (Issuer Not Cooperating).
Operational Drivers
Raw Materials
Wheat and Gram (Chana) are primary raw materials, representing the bulk of the cost of goods sold. Spices are an emerging high-margin raw material category.
Import Sources
Sourced domestically from farm-proximate regions in Uttar Pradesh (Varanasi, Agra) and West Bengal (Calcutta) to minimize logistics costs and ensure freshness.
Key Suppliers
Not disclosed in available documents; however, the company procures directly from farms/mandis and monitors government procurement levels (29-30 million tons of wheat/gram).
Capacity Expansion
Agra manufacturing facility for Atta is scheduled to commence operations in November 2025 to serve Bihar and Northeast markets. Existing plants are located in Varanasi and Calcutta.
Raw Material Costs
Raw material prices for wheat and gram increased 25% in the previous year. The company adopted a strategy to buy the bulk of annual requirements in H1 FY26 to hedge against inflation.
Manufacturing Efficiency
In-house manufacturing across all major categories helps capture 30% gross margins in value-added products like Sattu and improves bottom-line growth through captive production.
Logistics & Distribution
Strategic plant locations near farms in UP (Varanasi/Agra) reduce transit costs and allow direct supply to distributors, improving overall material margins.
Strategic Growth
Expected Growth Rate
15-20%
Growth Strategy
Achieving CAGR through geographic expansion into Bihar and Northeast, launching the Agra facility, and scaling the high-margin Spices category (currently growing at 68.5%). The company uses 360-degree marketing and consumer schemes (e.g., 'Sugar-Free with 5kg Atta') to gain market share from unorganized players.
Products & Services
Atta (Wheat Flour), Sattu (Roasted Gram Flour), Besan, Spices, Maida, Sooji, and Instant Mixes.
Brand Portfolio
Ganesh Consumer Products, Ganesh Atta, Ganesh Sattu.
New Products/Services
Expansion of the Spices category and Instant Mixes. Spices revenue reached INR 16-17 Cr in H1 FY26 with expectations to reach peer-level margins as scale increases.
Market Expansion
Targeting Bihar and Northeast India starting November 2025. Aiming to increase penetration in the kitchen through sampling and 360-degree marketing.
Market Share & Ranking
Maintaining market share despite entry of large FMCG players like Emami. Sattu is a dominant category with INR 130 Cr+ annual revenue.
Strategic Alliances
Solar PPA with Roofsol Renewables for energy sustainability. Private equity investment from Motilal Oswal Financial Services (25.71% stake acquired in 2016).
External Factors
Industry Trends
Rapid shift from unorganized to branded packaged staples. The staples market is growing at a 12.9% CAGR, driven by urbanization and lifestyle shifts.
Competitive Landscape
Intense competition from large organized players (Adani Wilmar, Fortune, Patanjali, Emami) and local unorganized players in the B2C segment.
Competitive Moat
Moat built on a strong 900+ distributor network in East India and in-house manufacturing capabilities which provide a cost advantage over competitors relying on third-party units.
Macro Economic Sensitivity
Highly sensitive to food inflation and monsoon patterns. A 25% spike in wheat/gram prices in FY25 necessitated a major shift in inventory strategy.
Consumer Behavior
Increasing consumer trust in branded staples for quality and hygiene; seasonal consumption patterns for Sattu (lower in winter Q3/Q4).
Geopolitical Risks
Minimal direct exposure, but global commodity price trends influenced by geopolitics can affect domestic wheat and gram pricing.
Regulatory & Governance
Industry Regulations
Subject to Government of India regulations on agro-commodity procurement and stock limits. Government procurement of 30 million tons of wheat helps stabilize open market prices.
Environmental Compliance
Investing in renewable energy via Solar PPA to meet sustainability goals and reduce carbon footprint.
Taxation Policy Impact
Effective tax rate resulted in INR 7.1 Cr tax expense for H1 FY26 on PBT of INR 27.7 Cr (~25.6%).
Risk Analysis
Key Uncertainties
Raw material price volatility (25% fluctuation risk) and agro-climatic risks (monsoon dependency) are the primary uncertainties impacting margin stability.
Geographic Concentration Risk
High revenue concentration in West Bengal; expansion to Bihar and Northeast is intended to diversify this risk.
Third Party Dependencies
Low dependency on third-party manufacturers as most production is in-house. High dependency on the distributor network (900+) for market reach.
Technology Obsolescence Risk
Low risk in the staples industry; however, the company is digitizing via Warehouse Management Systems (WMS) to improve efficiency.
Credit & Counterparty Risk
Low customer concentration risk due to sales through a wide network of C&F agents and wholesalers.
