Ganesh Consumer Products Limited (NSE: GANESHCP; BSE: 544528), a leading manufacturer of packaged staples in East India, has reported robust financial results for the second quarter, showcasing steady growth and strategic expansion.

Financial Highlights

Ganesh Consumer Products achieved its highest-ever quarterly sales, with revenue from operations reaching ₹2,387.00 crore, a 7.2% increase year-over-year. The company's focus on operational discipline and pricing excellence drove gross margins up by 350 basis points to 26.00%, supporting higher profitability. EBITDA margins expanded by 140 basis points to 10.00%, reflecting strong cost discipline and improved realizations.

Performance Across Segments

The B2C segment (excluding Sattu) registered strong growth of 15.4% in value and 6.4% in volume, supported by festive demand and evolving consumer preferences. While growth in Sattu was moderated by seasonal softness, the Spices segment soared 23% year-over-year, driven by portfolio expansion and deeper market penetration.

E-Commerce and Quick Commerce Growth

Ganesh Consumer Products saw a significant surge in its digital channels, with E-Commerce and Quick Commerce channels growing by 97.1% year-over-year. This growth reflects changing consumer preferences and the company's robust multi-channel strategy.

Dividend Declaration and Policy Revision

The Board of Directors declared an interim dividend of ₹2.50 per share. Additionally, the company approved a revised dividend policy, maintaining a Dividend Payout Ratio between 25%-40% to align future payouts with cash flow and capital allocation.

Debt Reduction and Balance Sheet Strengthening

Following its recent IPO, Ganesh Consumer Products repaid ₹970.00 million of debt (₹600.00 million via IPO proceeds, ₹370.00 million by Promoter Group – refund of Inter Corporate Loan given). This debt reduction is expected to lower finance costs from H2 onwards, supporting bottom-line growth.

Sustainability Initiatives

The company signed a Solar Power Purchase Agreement (PPA) with Roofsol Renewables for five facilities. This initiative is expected to advance the company's green efforts and reduce power costs by approximately ₹0.65 million annually from FY27 onwards.

Management Commentary

Manish Mimani, Chairman and Managing Director, commented on the results: "This quarter marks a proud milestone for Ganesh Consumer Products Limited as a newly listed company. With capacity expansion, operational excellence, and sectoral tailwinds, GCPL is well-positioned for sustained, profitable growth, creating value for consumers, partners, and shareholders alike."

Future Outlook

With its strong market position in East India, ongoing expansion into neighboring states, and focus on operational efficiencies, Ganesh Consumer Products appears well-positioned for continued growth. The company's strategic initiatives in portfolio diversification, distribution network expansion, and sustainability are likely to drive long-term value creation for stakeholders.

Ganesh Consumer Products Limited (NSE: GANESHCP, BSE: 544528) has reported a robust financial performance for the second quarter, with significant growth in net profit and revenue. The company has also declared an interim dividend, rewarding shareholders amid strong operational results.

Financial Highlights

Ganesh Consumer Products reported a net profit of ₹11.10 crore for Q2 FY26, marking a significant 16.8% increase from ₹9.50 crore in the same quarter last year. The company's revenue from operations rose to ₹238.70 crore, up 7.2% from ₹222.70 crore in Q2 FY25.

Operational Performance

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) showed impressive growth, increasing by 24.7% to ₹23.90 crore from ₹19.20 crore in the corresponding quarter. The EBITDA margin expanded by 140 basis points to 10.0%, reflecting improved operational efficiency.

Segment-wise Performance

• B2C Segment: Excluding Sattu, the B2C segment registered a strong growth of 15.4% in value and 6.4% in volume.
• Spices Category: The spices segment maintained strong momentum with 23% year-on-year growth, driven by portfolio diversification and deeper market penetration.
• E-Commerce and Quick Commerce: These channels surged by 97.1% year-on-year, reflecting changing consumer preferences and the company's robust multi-channel strategy.

Dividend Declaration

The Board of Directors has declared an interim dividend of ₹2.50 per equity share, reinforcing the company's commitment to shareholder returns. The record date for determining the eligibility of shareholders for the interim dividend has been fixed as November 14, 2025.

Management Commentary

Mr. Manish Mimani, Chairman and Managing Director, stated, "FY26 marks a proud milestone for Ganesh Consumer Products Limited as a newly listed company. In Q2 FY26, we achieved our highest-ever quarterly sales, with B2C staples (ex-Sattu) up 15.4% in value and 6.4% in volume, supported by festive demand and evolving consumer preferences."

He further added, "Our focus on operational discipline and pricing excellence has driven gross margins up 350 bps to 26%, supporting higher profitability. EBITDA margins expanded 140 bps to 10%, reflecting strong cost discipline and improved realizations."

Future Outlook

With capacity expansion, operational excellence, and sectoral tailwinds, Ganesh Consumer Products is well-positioned for sustained, profitable growth. The company is advancing its sustainability agenda through a Solar PPA with Roofsol Renewables, which is expected to reduce power costs by approximately ₹0.65 million annually from FY27 onwards.

As Ganesh Consumer Products continues to strengthen its market position and expand its product portfolio, investors will be watching closely to see how the company capitalizes on the growing demand in the packaged consumer staples sector.