Household Products industry

Q1FY271 earlier

10 companies · ₹10,988 cr · 2 with AI deep dives · Q1FY27 report

Crude/polymer spike collapses margins at four of five names; domestic volumes hold but pricing lag defines Q1.

Margin pressurerevenue is growing but margin has fallen for 3 quarters to 10.4%
Revenue YoY
+4.4%
EBITDA margin
10.4%
-530bps YoY
Price, 1 year
-32.3%
0% of names up
P/E vs own 5y
-

Exhibit 1The quarter in numbers

constant panel of 3 companies above ₹500 cr
aggregate revenue (₹ cr)EBITDA margin (right axis)
Revenue
Jun 26
1,189 cr
Mar 26
1,074 cr
QoQ
+10.7%
Jun 25
1,139 cr
YoY
+4.4%
Peak
1,189 cr
vs peak
0.0%
EBITDA margin
Jun 26
10.4%
Mar 26
12.7%
QoQ
-230bps
Jun 25
15.7%
YoY
-530bps
Peak
16.9%
vs peak
-650bps

Breadth: 67% of 3 companies grew revenue year on year (was 67% a quarter earlier) and 33% expanded margin (was 33%).

Exhibit 3Structure

₹10,988 cr

Jyothy Labs Ltd is 67.5% of this industry by market cap. The top 5 are 97.4% and the top 10 are 100%.

small 2micro 83 above ₹500 cr

Exhibit 5Coverage (10 of 10)

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

Jyothy Labs Ltd
Mcap
₹7,188 cr
P/E
32.6x
EV/EBITDA
-
ROCE
0.0%
Margin
19.0%
Rev YoY
+3.0%
Unlock
Eveready Industries India Ltd
Mcap
₹2,636 cr
P/E
14.9x
EV/EBITDA
13.0x
ROCE
23.9%
Margin
14.8%
Rev YoY
+9.0%
Unlock
High Energy Batteries (India) Ltd
Mcap
₹530 cr
P/E
41.1x
EV/EBITDA
22.9x
ROCE
19.6%
Margin
26.5%
Rev YoY
-40.6%
Unlock
Indo National Ltd
Mcap
₹240 cr
P/E
-
EV/EBITDA
-26.0x
ROCE
-8.3%
Margin
-3.2%
Rev YoY
-2.8%
Unlock
Panasonic Energy India Co Ltd
Mcap
₹197 cr
P/E
46.1x
EV/EBITDA
-
ROCE
5.5%
Margin
3.8%
Rev YoY
+9.5%
Unlock
Pee Cee Cosma Sope Ltd
Mcap
₹132 cr
P/E
15.3x
EV/EBITDA
10.2x
ROCE
20.9%
Margin
8.0%
Rev YoY
+23.4%
Unlock
Yuvraaj Hygiene Products Ltd
Mcap
₹90 cr
P/E
20.8x
EV/EBITDA
18.0x
ROCE
22.6%
Margin
14.6%
Rev YoY
+113.6%
Unlock
Ambica Agarbathies Aroma & Industries Ltd
Mcap
₹43 cr
P/E
12.6x
EV/EBITDA
7.1x
ROCE
7.9%
Margin
12.5%
Rev YoY
-18.2%
Unlock
Hipolin Ltd
Mcap
₹23 cr
P/E
-
EV/EBITDA
-42.8x
ROCE
-8.8%
Margin
-3.9%
Rev YoY
+59.0%
Unlock
Photoquip India Ltd
Mcap
₹9 cr
P/E
-
EV/EBITDA
19.2x
ROCE
1.6%
Margin
7.3%
Rev YoY
-25.5%
Unlock

Exhibit 6What managements said

from this industry's latest earnings calls · as of 2026-06-30
headwindCrude and polymer inflation triggering sector-wide margin collapse4 managements

Four of five managements reported significant raw material cost escalation as the primary earnings drag in Q1 FY27. JYOTHYLAB called the environment unprecedented, noting crude…

  • JYOTHYLAB (Q1FY27): “Our business is 90% of our business is linked to crude oil prices. And crude oil has…”
headwind4 managementstailwind3 managementsheadwind3 managementstailwind2 managementsmixed3 managements
5 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 0 companies

1-0
sort: mcap · composite · name