Orkla India Ltd

Orkla India Limited – Trading Window closed from Thursday, October 01, 2026 until 48 hours after declaration of the un-audited financial results of the Company for the quarter and half-year ending September 30, 2026.

Meeting Details

• Date: September 22, 2026; host: JP Morgan; venue: Mumbai.
• Meeting type: investor conference; interaction mode: group or one-to-one, physical.
• Participants: company management to participate.
• Purpose: schedule with analysts/institutional investors.
• Info will be posted on the company's website.

AGM Details

• AGM held on Wednesday, 19 August 2026, via Video Conference / OAVM.
• Record/cut-off for eligibility: 12 August 2026.
• Shareholders on record: 153,092.
• Total resolutions passed: 6.

Key resolutions & voting outcomes

• Resolution 1 (Ordinary): Adopt Audited standalone and consolidated financial statements for FY 2025-26. Passed.
• Resolution 2 (Ordinary): Re-appointment of director retiring by rotation. Passed.
• Resolution 3 (Special): Ratify Employee Stock Option Plan 2025. Passed.
• Resolution 4 (Special): Ratify extension of Employee Stock Option Plan 2025 to subsidiaries and holding company. Passed.
• Resolution 5 (Special): Ratify Management Stock Option Plan 2025. Passed.
• Resolution 6 (Special): Ratify extension of Management Stock Option Plan 2025 to subsidiaries and holding company. Passed.

AGM Details

• Date: Aug 19, 2026; time 3:00–5:39 p.m. IST; VC/OAVM; e-Voting cut-off Aug 12, 2026.

Resolutions

• Adoption of standalone and consolidated financial statements for FY ended 2026.
• Director re-appointment by rotation: Skiaker Maelen (DIN) eligible.
• Ratification of Employee Stock Option Plan 2025.
• Ratification of extending ESOP 2025 benefits to subsidiary and holding company employees.
• Ratification of Management Stock Option Plan 2025.
• Ratification of extending Management Stock Option Plan 2025 benefits to subsidiaries and holding company.

Voting Status

• Voting results pending; Scrutinizer report to be submitted; results to be posted online and to exchanges.

Dividend

• Dividend details were not disclosed in the AGM proceedings.

Directors

• Director by rotation: Skiaker Maelen eligible for re-appointment.

Auditors

• No auditor appointment or change disclosed.

Material Related Party Transactions

• No material related party transactions disclosed.

Other Approvals

• Approval/ratification of ESOPs and extension of benefits to subsidiaries/holding company.

Product launch

• MTR Foods launches Groundnut Chutney Podi in North Karnataka.
• New variants: Nigerseed Chutney Podi, Flax Seed Chutney Podi, and Masala Khara.
• Pricing set at ₹49-₹65 across four SKUs.
• Available through GT, MT, Namma MTR stores and e-commerce.
• Strengthens regional engagement via hyperlocal marketing and content.
• Part of ongoing North Karnataka regional portfolio expansion.

Financial Performance

• Revenue from operations rose 10.4% YoY to INR659 crores.
• Revenue from product sales grew 11.5%.
• EBITDA stood at INR115 crores; margin 17.5%.
• PAT before exceptional items rose to INR87 crores.
• EBITDA margin stood at 17.5%.
• Underlying EBITDA grew 7.2% excluding base-period PLI.
• Digital commerce grew 38.1% YoY; share rose to 8.9%.
• GCC international growth led at 18.1% YoY.
• Kerala restructuring: Feb 2026 launch, by Jun 2026; 14% productivity, 6% coverage gain.
• Project Bolt strengthens digital commerce; investments in people, tech, analytics.
• IPO-related expenses not material; small transaction bonus in June 2025.
• PLI eligibility: early days; accrual if eligible.

Geography & Segments

• Domestic revenue grew 11.8% YoY; ex-Kerala revenue up 12.8%.
• Domestic volume ex-Kerala grew 6.3%.
• International revenue grew 10.1%; GCC up 18.1% YoY.

Digital & Online

• Digital commerce margins are healthy due to product mix.
• Breakfast portfolio expanded; six Gen Z innovations launched.

Projects & Restructuring

• Kerala restructuring launched Feb 2026; completed Jun 2026.
• Project Bolt investments in people, technology, analytics to boost digital capability.
• International reformulation: paneer ready meals moved to non-dairy range in UK/Europe.

Q&A Highlights

• Price hikes: 6.5% in Q4; 11.4% in Q1.
• Pure spices priced ~10% above mandi; masalas 15–25% premium.
• Ex-Kerala domestic revenue grew 12.8%, volume 6.3%.
• No formal forward-looking guidance; aim for double-digit growth.
• Market-share moves: Karnataka +30–50 bps; Kerala −30 bps.
• US market volumes turned positive; international growth 10.1%.

Outlook & Guidance

• Management does not publish forward-looking guidance; aims for double-digit growth.
• Continue to invest behind brands and growth initiatives; maintain cost discipline.
• Pricing strategy remains market-linked; monitor mandi movements.

Meeting Details

• Date and time: August 04, 2026, 5:30–6:30 PM IST.
• Type and mode: group conference call; virtual audio recording.
• Event/organiser: Orkla India Limited.

Purpose

• Discuss unaudited quarterly results for the quarter ended June 30, 2026.

Participants

• Key management roles not disclosed.

Additional Notes

• Audio recording available on the company website.

Q1 FY27 Highlights

• Revenue from operations ₹659 crore, up 10.4% YoY.
• EBITDA ₹115 crore, 17.5% margin; up 3.0% YoY (7.2% ex-PLI).
• PAT before exceptional items ₹87 crore; margin 13.1%.
• Domestic revenue grew 11.8%; International grew 10.1% (GCC 18.1%).
• 23 product launches across categories; digital commerce grew 38.1% to 8.9% of domestic revenue.
• Kerala distribution restructuring progressing as planned.
• GCC revenue grew 18.1% YoY; MTR Paneer range supports UK/Europe entry.
• Outlook: sustainable, profitable growth; focus on Convenience Foods, pan-India expansion, and digital capabilities.