Fermenta Biotech FY26 Results
Fermenta Biotech reported FY26 consolidated revenue of ₹547.8 crore and Profit After Tax (PAT) of ₹70.3 crore. Diluted Earnings Per Share (EPS) stood at ₹24.51.
Reader Takeaway: Strong core growth and improved cash flow offset one-time real estate income decline.
What just happened
The company announced its financial results for the fiscal year 2026. Total revenue was ₹547.8 crore. EBITDA stood at ₹122.2 crore, with an EBITDA margin of 22.3%, which is noted to be well above FY23-24 levels.
Why this matters
The results highlight a significant recovery and growth in Fermenta Biotech's core nutrition business. The year-on-year growth in core revenue, excluding the impact of real estate value unlocking, demonstrates the operational strength of the company's segments.
The backstory
FY26 performance needs to be viewed against a high FY25 base, partly due to real estate value unlocking. This non-core income contributed ₹45 crore in FY25 but reduced to ₹2 crore in FY26. The core business, however, showed substantial growth.
What changes now
Fermenta Biotech's financial agility has improved. Free cash flow more than tripled to ₹62 crore, driven by better operating cash flow conversion. Total debt remains stable at ₹109 crore, while cash reserves grew by 30% to ₹92 crore.
Risks to watch
The primary watch point is the headline revenue growth, which is impacted by the significant reduction in one-time real estate income. Investors should focus on the sustainability of core business performance.
Peer comparison
- The Vitamin D3 Human Nutrition segment revenue reached ₹293 crore (+28% YoY).
- The Animal Nutrition segment revenue reached ₹109 crore (+32% YoY).
Context metrics (time-bound)
- FY26 Total Revenue: ₹547.8 crore
- FY26 Revenue (Ex-Real Estate): ₹546 crore
- FY26 EBITDA: ₹122.2 crore
- FY26 PAT: ₹70.3 crore
- FY26 Free Cash Flow: ₹62 crore
- FY26 Cash Reserves: ₹92 crore
What to track next
Investors should monitor the continued growth momentum in the Vitamin D3 segments for both human and animal nutrition, and the company's ability to maintain its improved operating efficiencies and profitability.
