Meat Products including Poultry industry
6 companies · ₹5,240 cr · 2 with AI deep dives · Q1FY27 report
Volume cycle inflects higher; geopolitical costs and failed milk flush compress dairy margins to lows.
- Revenue YoY
- +57.7%
- EBITDA margin
- 3.2%
- +70bps YoY
- Price, 1 year
- +11.0%
- 67% of names up
- P/E vs own 5y
- -34.7%
- 12.4x now
Exhibit 1The quarter in numbers
constant panel of 3 companies above ₹500 cr- Jun 26
- 3,413 cr
- Mar 26
- 2,866 cr
- QoQ
- +19.1%
- Jun 25
- 2,164 cr
- YoY
- +57.7%
- Peak
- 3,413 cr
- vs peak
- 0.0%
- Jun 26
- 3.2%
- Mar 26
- 6.1%
- QoQ
- -290bps
- Jun 25
- 2.5%
- YoY
- +70bps
- Peak
- 6.1%
- vs peak
- -290bps
Breadth: 100% of 3 companies grew revenue year on year (was 100% a quarter earlier) and 67% expanded margin (was 67%).
Exhibit 2What it costs
8.62x - 13.1x across the panel todayThe median name trades at 12.4x, -34.7% against this industry's own 5-year median of 18.9x, and -64.4% against its own peak of 34.8x.
Exhibit 3Structure
₹5,240 crSKM Egg Products Export (India) Ltd is 44.6% of this industry by market cap. The top 5 are 98.3% and the top 10 are 100%.
Exhibit 4Screen
P/E below the sub-industry median of 12.38x, 5y ROCE above its median of 24.08%, 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 (6 of 6)
Every company here with a deep dive, topped up by market cap. The rest of the industry is in the appendix.
- Mcap
- ₹1,274 cr
- P/E
- 11.4x
- EV/EBITDA
- 8.7x
- ROCE
- 32.6%
- Margin
- 21.3%
- Rev YoY
- +4.9%
Exhibit 6What managements said
from Food Products earnings calls · as of 2026-06-30West Asia/Middle East conflict is simultaneously elevating LPG, industrial fuel, crude-linked packaging, edible oils, and ocean freight. Britannia reported industrial fuel up 69%…
- BRITANNIA (Q1FY27): “the inflation on industrial fuel is very steep... LPG and PNG prices shot through the…”
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 →