Consumer Sector — Q4 FY26 Earnings Overview
20 companies reported. 15 bullish, 4 neutral, 1 bearish.
Company Results
| Company | Revenue | YoY | Margin | Sentiment |
|---|---|---|---|---|
| HUL | ₹16,351 Cr | +8% | 23.0% | bullish high |
| Kalyan Jewellers | ₹10,275 Cr | +66% | — | bullish high |
| Varun Beverages | ₹6,574 Cr | +18.1% | 23.3% | bullish high |
| Tata Consumer Products | ₹5,400 Cr | +18% | 14.6% | bullish high |
| Britannia | ₹4,686 Cr | +7.1% | 16.4% | neutral medium |
| Godrej Consumer Products | ₹3,900 Cr | +11% | 21.7% | bullish medium |
| Dabur | ₹3,038 Cr | +7.3% | — | bullish high |
| Arvind Fashions | ₹1,365 Cr | +14.8% | 14.0% | bullish high |
| Heritage Foods | ₹1,158 Cr | +10% | 5.0% | neutral medium |
| V Mart Retail | ₹972 Cr | +24% | 10.9% | bullish high |
| Parag Milk Foods | ₹945 Cr | — | 6.0% | neutral medium |
| Sapphire Foods India | ₹790 Cr | +11% | 7.7% | bullish high |
| Bluestone Jewellery | ₹681 Cr | +49.1% | 18.0% | bullish high |
| Gopal Snacks | ₹410 Cr | +29% | 7.7% | bullish high |
| Vedant Fashions | ₹399 Cr | +8.7% | 45.6% | neutral medium |
| ADF Foods | ₹197 Cr | +23.7% | 17.4% | bullish high |
| Go Fashion | ₹196 Cr | — | 23.3% | bearish high |
| PNGS Gargi Fashion | ₹149 Cr | +48% | 42.9% | bullish high |
| Vidhi Specialty Food | ₹123 Cr | -0.6% | 17.0% | bullish medium |
| Krishival Foods | ₹102 Cr | +48% | 5.3% | bullish high |
Key sector risks this quarter
GCC markets (15% of revenue) severely impacted; no shipments in March and minimal in April. If situation persists, FY27 growth could drop to 12-15%.
Bluestone Jewellery · highSharp gold price increases have led to lower inventory turns (1.13x) and a shift in mix toward plain gold, pressuring gross margins.
Gopal Snacks · highPalm oil and packaging costs have risen 15-20%, impacting input costs by ~4.5%. Management has partially offset via grammage reduction and price hikes, but further inflation could pressure margins.
Parag Milk Foods · highMilk prices rose 15% YoY; while management passed on costs, further inflation could pressure gross margins if pricing power wanes.
V Mart Retail · high10-15% rise in yarn prices due to crude oil increase could translate to 5-7% apparel cost inflation, pressuring gross margins.