Wardwizard Foods & Beverages Limited wardwizard foods & beverages returned to profitability in the first quarter of FY27, reporting a standalone net profit of ₹1.31 crore compared to a loss of ₹1.70 crore in the same period last year (Q1FY26). The company’s revenue from operations rose 29% year-on-year to ₹17.03 crore, reflecting improved operational efficiency across key business segments. The board of directors approved the unaudited financial results on August 14, 2026.

Financial Performance

The company’s total income stood at ₹17.65 crore, comprising ₹17.03 crore from operations and ₹0.62 crore from other income. Total expenses were contained at ₹16.52 crore. This cost discipline contributed to a profit before tax of ₹1.14 crore, compared to a loss before tax of ₹1.70 crore in the prior year. Deferred tax benefits of ₹0.17 crore further supported the bottom line. Earnings per share (basic) were recorded at ₹0.05, a significant improvement from the loss of ₹0.07 per share in Q1FY26.

A key highlight of the quarter was the sharp expansion in operating margins. EBITDA increased to ₹3.39 crore, with the EBITDA margin expanding to 19.90% from 2.78% in Q1FY26. The Profit After Tax (PAT) margin stood at 7.69%.

Segment Analysis

The turnaround was primarily driven by the Food Commodities and Services segments, which offset losses in the RTE, Frozen, Sauces & Mayo segment.

• Food Commodities: Revenue surged to ₹13.90 crore from ₹9.44 crore in Q1FY26. The segment posted a profit before tax of ₹0.29 crore, up from ₹0.13 crore previously.
• Services: Revenue remained stable at ₹2.99 crore, but profitability saw a change with a profit before tax of ₹0.52 crore, compared to ₹1.71 crore in the prior year.
• RTE/Frozen/Sauces: This segment reported a loss of ₹1.94 crore, compared to a loss of ₹1.85 crore in Q1FY26.

A critical factor in the overall turnaround was the elimination of unallocated losses. In Q1FY26, unallocated items resulted in a loss of ₹1.69 crore. In Q1FY27, this figure is zero, suggesting better allocation or reduction in corporate overheads.

Management Commentary

Commenting on the performance, Sheetal Bhalerao, Chairperson and Managing Director, stated that the growth was broad-based, supported by sustained traction across retail and HORECA channels. She highlighted the benefits of an improving product mix and better operating leverage. The company’s Food Commodities segment scaled up on the back of steady demand and improved realizations, alongside continued momentum in the branded QuikShef and WOL product lines. These brands strengthened their presence across domestic retail and HORECA channels as well as export markets including the USA, Canada, UAE, Bahrain and Australia.

What the Numbers Show

The most significant operational improvement is the expansion of the EBITDA margin from 2.78% to 19.90%. This nearly seven-fold increase in margin efficiency, combined with the elimination of ₹1.69 crore in unallocated losses, drove the return to profitability despite a slight decline in the Services segment's profit before tax. The strong performance in the Food Commodities segment, which contributed ₹13.90 crore to revenue, underscores the company's shifting focus towards high-margin commodity trading alongside its branded portfolio.

Balance Sheet and Other Matters

The company disclosed an advance of ₹7.60 crore given by the company, stating that no provision for expected credit loss was required based on its evaluation of recoverability. There were no pending investor complaints as of June 30, 2026.

Capital employed (segment assets) increased to ₹215.22 crore from ₹119.66 crore in the previous year, indicating potential expansion or asset acquisition during the period. Segment liabilities also rose to ₹132.29 crore from ₹41.08 crore.

Industry Context

The results come against a backdrop of structural growth in the Indian packaged and convenience food sector. Rising urbanisation and evolving consumer lifestyles are driving demand for authentic Indian convenience products. Wardwizard holds certifications including FSSAI, BRCGS, HALAL, USFDA and FSSC 22000, positioning it to participate in both premium domestic and international markets.

Wardwizard Foods & Beverages appointed M/s. Arun Ratnawat & Associates as its Statutory Auditor on August 10, 2026, to fill a casual vacancy created by the resignation of its previous auditor. The Board of Directors approved the appointment during a meeting held that day, acting on the recommendations of the Audit Committee. This change ensures continuity in the company’s statutory audit functions after M/s. Mahesh Udhwani & Associates resigned effective May 14, 2026. The company submitted a revised disclosure to BSE Limited on August 12, 2026, to correct an inadvertent error in the initial filing, ensuring the public record accurately reflects the Board’s resolutions.

The appointment was made pursuant to Section 139(8) of the Companies Act, 2013. M/s. Arun Ratnawat & Associates holds ICAI Firm Registration No. 010664C and has provided a consent letter and eligibility certificate confirming compliance with applicable provisions. The new auditors have confirmed their independence and eligibility to serve in this capacity. The appointment takes effect from August 10, 2026.

Appointment Details

Regulatory Compliance

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing references SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026. The Audit Committee’s recommendation preceded the Board’s approval, adhering to standard corporate governance protocols for auditor appointments. The revised filing ensures that the terms and conditions of the appointment accurately reflect the resolutions passed by the Board.

What the Numbers Show

The swift replacement of the statutory auditor within three months of the previous firm’s resignation indicates a focus on maintaining uninterrupted audit cycles for Wardwizard Foods & Beverages. The reliance on the Audit Committee’s recommendation underscores adherence to internal governance checks during transitional periods. The correction of the initial disclosure highlights the company’s commitment to accurate regulatory reporting, ensuring investors have access to precise information regarding key corporate appointments.