Packaged Foods industry
55 companies · ₹4.7 L cr · 11 with AI deep dives · Q1FY27 report
Volume momentum holds, but fuel, edible oil, sugar and freight spike simultaneously compresses sector margins.
- Revenue YoY
- +17.2%
- EBITDA margin
- 18.0%
- +110bps YoY
- Price, 1 year
- +5.3%
- 54% of names up
- P/E vs own 5y
- -4.8%
- 47.6x now
Exhibit 1The quarter in numbers
constant panel of 13 companies above ₹500 cr- Jun 26
- 20,618 cr
- Mar 26
- 20,311 cr
- QoQ
- +1.5%
- Jun 25
- 17,594 cr
- YoY
- +17.2%
- Peak
- 20,618 cr
- vs peak
- 0.0%
- Jun 26
- 18.0%
- Mar 26
- 19.6%
- QoQ
- -160bps
- Jun 25
- 16.9%
- YoY
- +110bps
- Peak
- 19.6%
- vs peak
- -160bps
Breadth: 86% of 14 companies grew revenue year on year (was 85% a quarter earlier) and 57% expanded margin (was 62%).
Exhibit 2What it costs
32.08x - 71.26x across the panel todayThe median name trades at 47.6x, -4.8% against this industry's own 5-year median of 50.0x, and -41.6% against its own peak of 81.6x.
Exhibit 3Structure
₹4.7 L crNestle India Ltd is 58.7% of this industry by market cap. The top 5 are 94.4% and the top 10 are 98.4%.
Exhibit 4Screen
P/E below the sub-industry median of 47.64x, 5y ROCE above its median of 9.35%, 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 55)
Every company here with a deep dive, topped up by market cap. The rest of the industry is in the appendix.
- Mcap
- ₹13,765 cr
- P/E
- 53.2x
- EV/EBITDA
- 30.5x
- ROCE
- 19.3%
- Margin
- 14.8%
- Rev YoY
- +12.5%
- Mcap
- ₹7,475 cr
- P/E
- 50.2x
- EV/EBITDA
- 26.3x
- ROCE
- 14.7%
- Margin
- 13.9%
- Rev YoY
- +16.0%
- Mcap
- ₹9,929 cr
- P/E
- 7.7x
- EV/EBITDA
- 3.0x
- ROCE
- 35.9%
- Margin
- 19.4%
- Rev YoY
- +8.0%
Exhibit 6What managements said
from this industry's latest earnings calls · as of 2026-06-30Industrial fuel (LPG/PNG) surged 69% YoY for Britannia, palm oil rose 20%+ across the snacks chain, and sugar jumped ~₹7/kg in two to three weeks ahead of the festive season…
- 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 →AppendixThe other 30 companies
1-30- Mcap
- ₹59 cr
- P/E
- 36.3x
- EV/EBITDA
- 15.1x
- ROCE
- 11.6%
- Margin
- 11.0%
- Rev YoY
- +20.1%