Earnings Call Transcript Summaries

United Foodbrands Limited UFBL Q1FY27 📞 Audio

Filed 04 Aug 2026

Q1 FY27 revenue grew 43.4% YoY to Rs.426cr; same-store sales growth (SSSG) at 28.7%, driven entirely by volume without price hikes.
SSSG moderation expected due to tough comparables in H2 FY27.
Expansion on track to reach 300 restaurants by FY27; 15 under construction, 5 added in Q1.
Delivery business growing (+62% YoY) but with lower margin contribution due to commissions and packaging costs.
BBQ Nation India SSSG at 33.5%, dining volume +68.6%; international business revenue +46.6%, SSSG +8.5%; premium casual dining revenue +36%, SSSG +13.6%.
Management expects moderation in SSSG due to high base but remains confident in volume-led growth and captive customer engagement.

Dr. Agarwal's Health Care Limited AGARWALEYE Q1FY27 📞 Audio · Healthcare

Filed 04 Aug 2026

One-time brand ambassador and production costs (~Rs 13.5 cr total) impacted margins in FY25; no recurring production costs expected
Capex guidance for FY26 at Rs 310 cr (new centers, tech upgrades, maintenance); additional Rs 70-80 cr for flagship facility
EBITDA margin expected to remain stable despite greenfield investments
FY26 revenue growth targeted at 20%+ driven by network expansion and high-end surgery adoption
Plan to add 55-60 new facilities in FY26; 25-30 surgical, rest clinics; 70% expansion in southern states + Maharashtra
PAT expected to grow 35%+ in FY26

BAJAJ FINANCE LTD. BAJFINANCE Q1FY27 📝 Transcript · Automobile

Filed 04 Aug 2026

Management cautious on FY27 growth and credit cost guidance; will reassess after Q2
Q1 FY27 AUM grew by INR37,000 Cr; profit up 28%; ROE at 20.4%, ROA 4.7%
AI initiatives driving efficiency: 27 bots live, AI to deliver INR11,000-12,000 Cr disbursements in FY27
Deposit book at INR68,500 Cr (15% of balance sheet); opex to NTI at 33.4%, expected to improve 25-40 bps in FY27
Rural and urban consumer finance grew 49% and 38%; SKU price hikes contributed ~20%
Credit cost improved: loan loss to AUF at 1.54% vs 1.87% last year; additional INR296 Cr macro provision

Syrma SGS Technology Limited SYRMA Q1FY27 📝 Transcript · Capital Goods

Filed 04 Aug 2026

Order book at 6770 Cr with 35%+ revenue growth guidance for FY27
Q1 FY27 consolidated revenue 1604 Cr +67% y-y; EBITDA 162 Cr +69% y-y; PAT 106 Cr +112% y-y
PCB project on track for commercial production by April 2027; initial EBITDA 10%, asset turn 1-1.5x
Exports grew 61% in Q1, contributing 24% of revenue; expected 30-40% growth in FY27
Automotive growth driven by EV and charging infrastructure; healthcare expected 50% growth
New JV with Kaga India targets 300-500 Cr business over 3-5 years

Hindustan Zinc Ltd HINDZINC Q1FY27 📝 Transcript · Mining

Filed 04 Aug 2026

FY27 outlook: demand stable, growth better than FY26, EBITDA margin within guided range despite commodity volatility
Q1FY27 revenue grew 10% y-y with 5% underlying volume growth, highest in 13 quarters
EBITDA margin at 23%, EBITDA grew 8% to INR3,947 Cr; PAT before exceptional items up 9% to INR2,731 Cr
Home Care segment grew 14% USG; Beauty & Wellbeing 12% USG; Personal Care 4% USG; Foods 7% USG
Investments in AI, supply chain, and portfolio transformation underpin growth and resilience

HINDUSTAN UNILEVER LTD. HINDUNILVR Q1FY27 📝 Transcript · FMCG

Filed 04 Aug 2026

FY27 outlook: growth expected to be better than FY26; EBITDA margin guidance maintained
Q1FY27 revenue grew 10% with 5% underlying volume growth, highest in 13 quarters
Home Care and Beauty segments delivered strong double-digit volume growth
Quick commerce channel growing 40-50%, enabling better consumer segmentation
Management confident in navigating commodity inflation with calibrated pricing and cost savings
EBITDA margin steady at 23%, EBITDA up 8%, PAT before exceptional items up 9%

Aadhar Housing Finance Limited AADHARHFC Q1FY27 📝 Transcript · Financial Services

Filed 04 Aug 2026

Cost-to-income at 36.3% including INR14 Cr ESOP charge; credit cost seasonal at 40-45 bps Q1, expected 23-25 bps FY27
Q1 FY27 AUM grew 18% Y-o-Y to INR31,364 Cr; disbursements INR2,036 Cr (cheque clearance basis)
Medium-term guidance: 20% AUM growth, 20% profit growth, 17-18% disbursement growth for FY27
Branch network 628 across 22 states; 45-50 new branches planned for FY27
Management confident of sustaining 5.5%+ spreads and 20% growth guidance for FY27
Liquidity maintained at ~7-8% borrowings; 78% borrowings floating rate; exit cost of funds 7.7%

Devyani International Limited DEVYANI Q1FY27 📝 Transcript · Consumer Services

Filed 04 Aug 2026

Q1 FY27 revenue grew 16.5% y-y to INR 1,581 crore; EBITDA margin 9.6%
KFC aims for 5-6% SSSG and 20% Brand Contribution margin in 1.5-2 years
Merger with Sapphire on track for completion by FY27 end
Pizza Hut reset underway; full push expected post-merger in FY28
Own brands target INR 1,000 crore revenue for Biryani By Kilo in next few years
KFC posted 3.3% positive same-store sales growth (SSSG) with 12% revenue growth

Eicher Motors Ltd EICHERMOT Q1FY27 📝 Transcript · Automobile and Auto Components

Filed 04 Aug 2026

Manufacturing capacity expanding: brownfield Cheyyar to 2 mn units by FY28; greenfield Tada 1.225k Cr for 4.5 lakh units by FY30
Management confident of sustaining growth despite high base in H2 FY27; new product launches and marketing planned
Q1 FY27 consolidated revenue INR 6,632 Cr +32% y-y; EBITDA INR 1,591 Cr; PAT INR 1,463 Cr +21% y-y
Commodity inflation impacted gross margin by ~4-4.5% in Q1; price hikes partly offset by 1.2%
Strong demand momentum with 10-12 days dealer inventory; production ramped to 5,000+ units/day
VECV Q1 sales 24,815 units +14.8%, revenue INR 6,610 Cr, EBITDA margin 8.4%, launched Volvo FMX Edge truck

Suzlon Energy Limited SUZLON Q1FY27 📝 Transcript · Capital Goods

Filed 04 Aug 2026

Capex guided at ~INR700 Cr for FY27, focused on AI-enabled blade factories and capacity expansion
BESS partnerships progressing; target 3.1 GW capacity by FY31
Multiple analyst queries on fixed cost impact and DevCo investments; management expects margins around 17-18% for FY27
Q1 FY27 revenue INR3,819 Cr +23% y-y; EBITDA INR595 Cr; PAT INR305 Cr
ASP rose to INR6.3 Cr/MW from INR5.6 Cr, aided by project mix and higher EPC share
Suzlon 2.0 investments ongoing; new S175 turbine launched with first order; payback expected in 12-18 months

Avenue Supermarts Limited DMART Q1FY27 📝 Transcript · Consumer Services

Filed 04 Aug 2026

FY26 revenue close to INR67,000 Cr, EBITDA margin about 7.8%, PAT margin about 4.8%
Like-for-like store growth for stores older than 2 years was 8.1% in FY26
Store additions target around 15% annually; 85 stores added last year with 68 leased stores total
Gross margin stable at 14-15%, staff costs increased due to capability building and wage code implementation
No plan to integrate online and offline businesses; focus on profitable growth and operational rigor
Metro stores facing saturation and competition, impacting same-store sales growth; Tier 1/2 stores showing better ramp-up

Torrent Power Limited TORNTPOWER Q1FY27 📞 Audio · Power

Filed 03 Aug 2026

1.2 GW renewable capacity targeted for FY27 commissioning; 400 MW expected in H1, 800 MW in H2.
70 MW renewable capacity commissioned in Q1; 4.6 GW renewable projects under implementation.
FY27 renewable capex guidance at ~₹10,000 cr; Q1 incurred ₹1,550 cr in renewables, total ₹2,300 cr including thermal, transmission, distribution.
No current plans to tie gas plants to CNI or data center PPAs due to price hedging risks and preference for renewables in these segments.
Merchant gas EBITDA steady-state target ~₹1,000 cr annually; gas prices expected to normalize to $6-8/MMBTU, supporting competitiveness vs battery storage.
NABHA power plant (Navapower) consolidated for 5 days in Q1, EBITDA contribution ₹15 cr; steady-state EBITDA expected ₹250 cr per quarter.

Apollo Pipes Limited APOLLOPIPE Q1FY27 📝 Transcript

Filed 03 Aug 2026

Q1 FY27 sales volume flat YoY; EBITDA margin normalized at 7% consolidated
High double-digit volume growth expected for FY27; Q2 to show YoY growth
CAPEX Rs.200 Cr over FY27-FY28 funded from internal cash flow; no debt planned
Kisan merger expected to yield ~1% cost synergies; integration ongoing
Long-term goal: Rs.5,000 Cr revenue by FY31 with 10-12% EBITDA margin and 25% ROC
Varanasi plant ramping; target 30% utilization in FY27, 50-70% in FY28-29

Dhanuka Agritech Limited DHANUKA Q1FY27 📞 Audio

Filed 03 Aug 2026

FY27 revenue declined 12.56% YoY to Rs. 462 cr due to delayed monsoon and weak demand; single-digit growth expected for full year.
Pricing power limited; attempted price hikes in June were reversed due to weak demand and competition.
New biological and nutrition products gaining traction; three biological launches expected by August.
Market share shifts expected as smaller/unorganized players face regulatory challenges in biostimulants.
Nagpur formulation plant (23,000 MT capacity) to be operational by April 2028 with Rs. 200 cr capex, aiming for automation and scalability.
Dahej technical synthesis plant revenue up to Rs. 26 cr in Q1 FY27; EBITDA still negative, breakeven unlikely this year.

Tata Capital Limited TATACAP Q1FY27 📝 Transcript · Financial Services

Filed 03 Aug 2026

Credit cost guidance maintained at 1% for FY27; expect margin expansion of ~10 bps and operating leverage gains
Q1 FY27 PAT INR1,547 crores, up 56% y-y; consolidated ROA 2.3% (2.5% ex-Motor Finance)
Gold loan business acquisition planned; target 500+ branches and INR4,000-5,000 crores portfolio in 2.5-3 years
Management confident of meeting FY27 guidance with strong growth, stable asset quality, and improving margins
Housing Finance AUM grew 24% y-y to INR89,416 crores; credit cost 0.05%; PAT up 29% y-y
Cost of funds 7.28% in Q1; cost-to-income improved to 36.4%, down 190 bps q-q

TANFAC Industries Ltd 506854 Q1FY27 📝 Transcript

Filed 03 Aug 2026

HFC-32 project commissioning on track for Q3 FY27; 65% capacity under long-term contracts
Capex plans: INR30-40 Cr solar grade DHF expansion, INR120 Cr AHF expansion, INR150 Cr electronic grade
Q1 FY27 revenue grew 6.3% y-y to INR187 Cr; EBITDA INR28.6 Cr, margin 15.3%
EBITDA margin expected 16-19% in Q2 FY27; FY28 margin to improve to ~25% post HFC-32 project
Multiple analyst queries on margin outlook and project ramp-up; management confident on stable margins and ramp-up
FY27 revenue growth guidance at least 30%, FY28 growth targeted over 60%

Pine Labs Limited PINELABS Q1FY27 📝 Transcript · Financial Services

Filed 03 Aug 2026

Cloud and network costs increased by Rs 20-22 Cr; about half expected to recur
Contribution margin impacted by higher distribution growth and upfront investments; expected to rise to 73-74% in H2FY27
EBITDA margin expected not to fall below last year's 23.5%; investments to bear fruit over next quarters
Q1 FY27 revenue grew about 20% y-y, within guided 21-23.5% range
International business growing fast with new contracts; losses in new geographies expected to breakeven in 1-2 years
Flow-based income and issuing side growing ~25% y-y; online and bill payments growing 50%+

ASIAN PAINTS LTD. ASIANPAINT Q1FY27 📝 Transcript · Chemicals

Filed 03 Aug 2026

Multiple analyst queries on pricing impact, demand trends, and margin outlook addressed by management
FY27 volume growth guidance maintained at 8-10%; margin guidance at 18-20% PBDIT
Q1 FY27 volume growth at 9%, decorative and industrial segments grew ~16.5% value-wise
VAM-VAE backward integration plant commissioning in August; expected to improve cost competitiveness
Industrial segment margins pressured due to deferred price hikes; expected to normalize with time
Input cost inflation high (~25%), weighted price increase ~7%, cost initiatives and backward integration underway

Aurionpro Solutions Limited AURIONPRO Q1FY27 📝 Transcript · Information Technology

Filed 03 Aug 2026

Data center business to grow 50-100% in FY27, remains lower margin but volume compensates
Banking software product build-outs absorb capacity; margins temporarily lower, expected normalization in 1-2 quarters
Middle East deal closures delayed due to geopolitical issues; normalization expected by Q3
Q1 FY27 revenue Rs. 358 Cr, +6.3% y-y; Banking & FinTech Rs. 200 Cr+, TIG Rs. 157 Cr; EBITDA Rs. 61 Cr (17%), PAT Rs. 45 Cr
Data center deal execution started; revenue ramp expected Q2 onwards, significant acceleration in Q3/Q4
Cash conversion focus for FY27; expect improvement through year with no major acquisitions planned

NTPC LTD. NTPC Q1FY27 📝 Transcript · Power

Filed 02 Aug 2026

Capacity additions: 9.6 GW in FY26 (60% renewable), 1.9 GW added in FY27 YTD
Coal mining: 48.66 MT produced FY26; captive coal to meet 25% demand by FY30
Capex plan: INR1.08 L Cr in FY26-27; INR5.97 L Cr FY28-32 focused on renewables; INR9.63 L Cr FY33-37 with nuclear ramp-up
Renewable target: 60 GW by FY32, 136 GW by FY37; coal share to decline from 82% to 39% by FY37
FY26 group PAT grew to INR27,546 Cr, CAGR 12.89% since FY22; standalone PAT INR23,162 Cr
FY27 Q1 PAT INR5,343 Cr, +12% y-y

🎙 Transcript Summaries