What was HMA Agro Industries's revenue in Q3 FY26?

HMA Agro Industries reported revenue of ₹2,059 Cr in Q3 FY26, a +46% change year-over-year.

Did HMA Agro Industries management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

HMA Agro Industries Q3 FY26 Research Workspace: Revenue ₹2,059 Cr (+46%)

Q: What guidance did HMA Agro Industries management give?

Chicken processing plant operational by end of FY26: Commercial operations for the new chicken processing plant expected to begin by end of FY26.

Revenue ₹2,059 Cr +46%

EBITDA ₹87 Cr +54.8%

PAT ₹67 Cr +61.3%

EBITDA Margin 3% +25bps

Duration 22 min

Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

HMA Agro delivered a strong Q3 FY26 with standalone revenue of ₹1,992.8 crore (+46% YoY) and PAT of ₹71.9 crore (+61.3% YoY), driven by robust export demand, improved realizations, and better capacity utilization. EBITDA grew 54.8% YoY to ₹87.3 crore, with margin expanding ~25 bps to 4.38% due to stable raw material costs (84.03% of revenue vs 85.41% last year) and operating leverage. Consolidated PBT nearly doubled (+112.9% YoY). Management highlighted diversification into new geographies and retail products, with a chicken processing plant expected by end of FY26. Key risk: freight cost volatility from refrigerated container shortages could pressure margins.

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Research workspace

Focused Modules

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Risk Intelligence

Freight cost volatility

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Quarter Snapshot

Raw material cost as % of revenue 84.03%

-138 bps YoY

Raw material cost decreased from 85.41% in Q3 FY25, indicating stable input prices.

Other expenses (freight) QoQ ₹2,217 million

+166% QoQ

Other expenses surged due to higher freight costs from refrigerated container shortages.

Consolidated PBT growth 112.9%

+112.9% YoY

Consolidated PBT more than doubled, reflecting strong subsidiary performance.

Top 5 export markets Vietnam, Egypt, Malaysia, Indonesia, Iraq

N/A

Management declined to provide revenue share breakdown; markets remain concentrated.

Fast read

Guidance and risk preview

Top guidance Chicken processing plant operational by end of FY26

Commercial operations for the new chicken processing plant expected to begin by end of FY26.

Top risk Freight cost volatility

Other expenses surged 3x QoQ due to higher freight costs from refrigerated container shortages, which could pressure margins if sustained.