Edible Oil industry

Q1FY271 earlier

39 companies · ₹1.9 L cr · 4 with AI deep dives · Q1FY27 report

Branded foods post record quarters while Hormuz shipping and grain-price spikes mark the next margin test.

Mid cyclemargin range-bound near 6.0%
Revenue YoY
+19.2%
EBITDA margin
6.0%
+140bps YoY
Price, 1 year
+10.3%
57% of names up
P/E vs own 5y
-37.8%
20.3x now

Exhibit 1The quarter in numbers

constant panel of 6 companies above ₹500 cr
aggregate revenue (₹ cr)EBITDA margin (right axis)
Revenue
Jun 26
41,739 cr
Mar 26
43,197 cr
QoQ
-3.4%
Jun 25
35,025 cr
YoY
+19.2%
Peak
43,197 cr
vs peak
-3.4%
EBITDA margin
Jun 26
6.0%
Mar 26
4.2%
QoQ
+180bps
Jun 25
4.6%
YoY
+140bps
Peak
6.1%
vs peak
-10bps

Breadth: 100% of 6 companies grew revenue year on year (was 100% a quarter earlier) and 100% expanded margin (was 50%).

Exhibit 2What it costs

16.47x - 36.75x across the panel today

The median name trades at 20.3x, -37.8% against this industry's own 5-year median of 32.6x, and -73.6% against its own peak of 76.8x.

Exhibit 3Structure

₹1.9 L cr

Marico Ltd is 57.3% of this industry by market cap. The top 5 are 96.2% and the top 10 are 98.9%.

large 1mid 2small 4micro 328 above ₹500 cr

Exhibit 4Screen

P/E below the sub-industry median of 20.27x, 5y ROCE above its median of 10.27%, and at least 2 growth triggers stated on the latest earnings call.

Which names clear this screen is premium

The screen runs on stated growth triggers from the latest earnings calls - the same guidance data the stock screener reserves for premium. Premium names every company in this industry that is cheap against its own median and has the triggers behind it.

See plans

Exhibit 5Coverage (25 of 39)

Every company here with a deep dive, topped up by market cap. The rest of the industry is in the appendix.

Mcap
₹1.0 L cr
P/E
55.3x
EV/EBITDA
41.4x
ROCE
41.4%
Margin
18.3%
Rev YoY
+21.4%
Mcap
₹37,105 cr
P/E
18.8x
EV/EBITDA
23.0x
ROCE
13.0%
Margin
4.5%
Rev YoY
+27.4%
Mcap
₹24,161 cr
P/E
20.9x
EV/EBITDA
9.9x
ROCE
16.8%
Margin
3.4%
Rev YoY
+17.5%
Mcap
₹2,486 cr
P/E
86.9x
EV/EBITDA
-
ROCE
1.8%
Margin
4.6%
Rev YoY
+15.0%
Mcap
₹6,698 cr
P/E
15.9x
EV/EBITDA
10.2x
ROCE
36.6%
Margin
3.2%
Rev YoY
+7.3%
Mcap
₹3,683 cr
P/E
11.4x
EV/EBITDA
9.4x
ROCE
16.1%
Margin
22.9%
Rev YoY
+34.4%
Mcap
₹1,128 cr
P/E
29.5x
EV/EBITDA
19.4x
ROCE
30.3%
Margin
5.4%
Rev YoY
+108.9%
Mcap
₹483 cr
P/E
15.2x
EV/EBITDA
8.9x
ROCE
14.2%
Margin
3.2%
Rev YoY
-
Mcap
₹418 cr
P/E
20.2x
EV/EBITDA
11.7x
ROCE
15.6%
Margin
1.7%
Rev YoY
+9.7%
Mcap
₹411 cr
P/E
12.3x
EV/EBITDA
8.1x
ROCE
19.4%
Margin
5.5%
Rev YoY
+7.9%
Mcap
₹359 cr
P/E
11.2x
EV/EBITDA
9.8x
ROCE
29.1%
Margin
9.9%
Rev YoY
+81.3%
Mcap
₹226 cr
P/E
9.1x
EV/EBITDA
8.0x
ROCE
10.9%
Margin
1.5%
Rev YoY
+35.2%
Mcap
₹199 cr
P/E
15.2x
EV/EBITDA
17.8x
ROCE
6.6%
Margin
3.8%
Rev YoY
-16.9%
Mcap
₹184 cr
P/E
12.8x
EV/EBITDA
10.0x
ROCE
9.1%
Margin
1.5%
Rev YoY
+5.9%
Mcap
₹151 cr
P/E
30.9x
EV/EBITDA
16.0x
ROCE
10.4%
Margin
2.3%
Rev YoY
+0.3%
Mcap
₹131 cr
P/E
13.8x
EV/EBITDA
12.3x
ROCE
33.9%
Margin
3.3%
Rev YoY
-3.3%
Mcap
₹124 cr
P/E
9.4x
EV/EBITDA
9.7x
ROCE
14.6%
Margin
8.2%
Rev YoY
-
Mcap
₹101 cr
P/E
14.3x
EV/EBITDA
158.2x
ROCE
0.7%
Margin
13.9%
Rev YoY
+18.6%
Mcap
₹94 cr
P/E
5.8x
EV/EBITDA
9.2x
ROCE
23.6%
Margin
19.8%
Rev YoY
-
Mcap
₹69 cr
P/E
5.5x
EV/EBITDA
5.5x
ROCE
28.7%
Margin
3.0%
Rev YoY
+70.7%
Mcap
₹69 cr
P/E
14.3x
EV/EBITDA
13.6x
ROCE
166.5%
Margin
4.4%
Rev YoY
+5.8%
Mcap
₹53 cr
P/E
20.0x
EV/EBITDA
12.3x
ROCE
8.0%
Margin
5.5%
Rev YoY
-27.3%
Mcap
₹44 cr
P/E
32.6x
EV/EBITDA
15.9x
ROCE
3.4%
Margin
8.7%
Rev YoY
+8.9%
Mcap
₹34 cr
P/E
23.6x
EV/EBITDA
-
ROCE
3.3%
Margin
1.8%
Rev YoY
+1.7%
Mcap
₹34 cr
P/E
-
EV/EBITDA
-
ROCE
-0.2%
Margin
-8.9%
Rev YoY
-44.2%

Exhibit 6What managements said

from Agricultural Food & other Products earnings calls · as of 2026-06-30
headwindInput cost inflation - grain, packaging and logistics - pressing margins across the bucket7 managements

Seven managements flagged rising input costs. Marico cited liquid paraffin +97% and HDPE +65% YoY. Patanjali called out packaging, freight and HPC ingredient inflation…

  • MARICO (Q1FY27): “On both these items, the cost increase has been anywhere in the range of 60% to 70%.
6 more themes from this quarter's earnings calls are locked. A free account opens 3 full reports a quarter: every theme with verbatim management quotes, the demand picture, companies running against the tide, and the regulatory & disruption watch. Sign up free →

Exhibit 7Outlook

The outlook and what resolves next quarter

Where these managements said things are heading, and the dated, checkable events that would change it. Free with an account - 3 full reports a quarter.

Create a free account

AppendixThe other 14 companies

1-14
sort: mcap · composite · name
Mcap
₹27 cr
P/E
33.6x
EV/EBITDA
-
ROCE
1.4%
Margin
3.9%
Rev YoY
-
Mcap
₹27 cr
P/E
-
EV/EBITDA
20.7x
ROCE
-2.3%
Margin
-5.3%
Rev YoY
+5.7%
Mcap
₹20 cr
P/E
20.1x
EV/EBITDA
12.0x
ROCE
6.3%
Margin
2.9%
Rev YoY
+1.0%
Mcap
₹19 cr
P/E
4.1x
EV/EBITDA
5.1x
ROCE
19.2%
Margin
65.7%
Rev YoY
+3.8%
Mcap
₹19 cr
P/E
14.5x
EV/EBITDA
8.6x
ROCE
7.5%
Margin
2.0%
Rev YoY
+197.7%
Mcap
₹19 cr
P/E
35.3x
EV/EBITDA
-
ROCE
-1.9%
Margin
22.0%
Rev YoY
+6.3%
Mcap
₹19 cr
P/E
261.9x
EV/EBITDA
9.2x
ROCE
10.9%
Margin
5.2%
Rev YoY
-
Mcap
₹15 cr
P/E
3.2x
EV/EBITDA
13.1x
ROCE
10.2%
Margin
3.8%
Rev YoY
+18.3%
Mcap
₹11 cr
P/E
-
EV/EBITDA
-
ROCE
-30.6%
Margin
-30.1%
Rev YoY
+236.4%
Mcap
₹7 cr
P/E
-
EV/EBITDA
-4.8x
ROCE
-21.8%
Margin
-324.0%
Rev YoY
+13900.0%
Mcap
₹7 cr
P/E
-
EV/EBITDA
-9.8x
ROCE
-12.0%
Margin
-12.5%
Rev YoY
-92.3%
Mcap
₹5 cr
P/E
131.1x
EV/EBITDA
-
ROCE
2.2%
Margin
6.1%
Rev YoY
-33.3%
Mcap
₹2 cr
P/E
9.1x
EV/EBITDA
-
ROCE
2.0%
Margin
36.8%
Rev YoY
-
Mcap
₹0 cr
P/E
-
EV/EBITDA
3.3x
ROCE
14.1%
Margin
4.6%
Rev YoY
-3.2%