MVK Agro FY26 profit surges 399% on revenue growth
MVK Agro Food Product Limited reported a 399.79% YoY increase in PAT to ₹46.63 crore for FY26, with total revenue rising 117.73% to ₹339.22 crore. Operational metrics improved, with capacity utilization at 83.88% and sugar output increasing 12.54% to 2,61,100 quintals. The company retained profits for growth and did not declare a dividend.
*this image is generated using AI for illustrative purposes only.
MVK Agro Food Product Limited reported a 399.79% year-on-year increase in profit after tax to ₹46.63 crore for the financial year ended March 31, 2026, driven by a 113.64% rise in total revenue to ₹339.22 crore. The company’s operational performance improved significantly, with capacity utilization reaching 83.88% and total sugar output growing by 12.54% to 2,61,100 quintals, supported by a total sugarcane crush of 26.61 lakh quintals.
The consolidated financial results for FY26 reveal a strong expansion across key metrics. Revenue from operations grew 113.64% to ₹319.89 crore, while other income increased 218.45% to ₹19.33 crore. The profit before tax (PBT) for the year stood at ₹54.21 crore, a 381.44% increase from the previous year, resulting in a PBT margin of 16.95%. The company’s total assets were reported at ₹87,672.75 lakh, with capital work-in-progress accounting for 20.2% of the asset profile.
Operational highlights for the crushing season, which ran from November 15, 2025, to March 11, 2026, included a sugar recovery rate improvement to 9.81% from 9.78% in the previous year. The company expanded its agricultural command area to 4,587.52 hectares to secure feedstock. The average field yield per hectare was recorded at 580 quintals for FY26.
Financial Performance
The company’s standalone revenue breakdown for FY26 shows a significant shift in product mix. Jaggery powder sales surged 583.44% to ₹2,718.74 lakh, while domestic sugar sales grew 4.69% to ₹10,097.25 lakh. Export sugar sales were recorded at ₹187.74 lakh, marking a new revenue stream. Bagasse biomass sales declined 85.07% due to captive retention for circular energy and compost.
| Metric | FY26 (₹ Cr) | FY25 (₹ Cr) | YoY Change |
|---|---|---|---|
| Revenue from Operations | 319.89 | 149.73 | 113.64% |
| Total Revenue | 339.22 | 155.80 | 117.73% |
| Total Expense | 285.00 | 144.53 | 97.19% |
| Profit Before Tax | 54.21 | 11.26 | 381.44% |
| Profit After Tax | 46.63 | 9.33 | 399.79% |
Subsidiary Performance
The consolidated financials include the performance of subsidiaries Sai Krupa Dairy & Food Products Private Limited, Dr. S. Chavan Jaggery and Agro Product Pvt. Ltd., and V.P.K. Agro Food Product Private Limited. Dr. S. Chavan Jaggery and Agro Product Pvt. Ltd. reported a revenue of ₹12,591.36 lakh and a profit after tax of ₹2,431.04 lakh for FY26. V.P.K. Agro Food Product Private Limited recorded a revenue of ₹7,853.39 lakh and a profit after tax of ₹702.11 lakh.
The company’s capital structure as of March 31, 2026, comprised 6.7% equity share capital and 53.2% reserves and surplus. Long-term borrowings accounted for 28.7% of the total capital and debt, while short-term borrowings constituted 11.4%. The company has not declared a dividend for the period, retaining profits for growth.
Historical Stock Returns for MVK Agro Food Product
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.35% | +5.71% | -18.63% | -45.54% | +142.06% | +377.70% |
How will the company utilize the retained profits and high capital work-in-progress to fund future capacity expansions?
Can the surge in jaggery powder sales be sustained, and what strategies are in place to further scale this product segment?
What are the long-term margin implications of retaining bagasse for captive energy versus external sales?
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