HMA Agro Industries Limited — Investor Meet, 18-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

HMA Agro Industries delivered its strongest Q2 and H1 FY26 results. Standalone Q2 revenue nearly doubled QoQ to ₹2,149 Cr, with PAT at ₹48.2 Cr. Consolidated Q2 revenue reached ₹2,155 Cr, with EBITDA significantly up to ₹131.6 Cr and PAT at ₹88 Cr. Management cites robust demand and operational efficiency for this record performance.

The company is testing the Indian retail market for frozen products and diversifying into basmati rice, with frozen vegetables planned. CapEx for a chicken plant is estimated at ₹10 Cr, to be funded internally or via debt, slated for later. While confident, management notes that margins are sensitive to demand-supply dynamics.