Orkla India reported a 10.4% revenue increase to ₹659 crore for the June 2026 quarter, driven by strong growth in digital commerce and international markets. The food company behind brands like MTR and Eastern noted a 9.7% rise in profit, though operating margins saw a slight contraction to 17.5%.
Orkla India, the consumer products firm known for heritage brands including MTR, Eastern, and Rasoi Magic, has returned to double-digit revenue growth. For the quarter ending June 30, 2026, the company recorded consolidated revenue of ₹659 crore, up from ₹597 crore in the same quarter last year.
Segment Performance and Profitability
The company reported that revenue from product sales increased by 11.5%, aided by a 1.7% uptick in sales volumes. While top-line growth reached double digits, profitability also improved. Profit after tax, excluding exceptional items, rose 9.7% to ₹87 crore compared to ₹79 crore a year earlier. Operating profit, or EBITDA, grew 3% to ₹115 crore. However, the EBITDA margin narrowed to 17.5% from 18.7% in the previous year. When excluding benefits from production-linked incentives, the underlying growth in operating profit was 7.2%.
Geographic and Channel Trends
Domestic revenue grew by 11.8%, while international operations contributed a 10.1% increase. A key highlight was the Gulf Cooperation Council (GCC) market, which saw revenue surge by 18.1%. Within its product portfolio, the spices segment, which remains a cornerstone of the business, grew 11.3% to ₹436 crore. The convenience foods category also showed strength with an 11.9% increase, bringing in ₹220 crore.
Digital Expansion and New Product Strategy
Orkla India is increasingly relying on modern and digital trade channels to drive customer engagement. Digital commerce sales grew by 38.1%, now representing 8.9% of the company's total domestic revenue, compared to 7.2% in the same period last year. Modern trade sales also performed well, posting an 18.6% increase. To maintain momentum, the company launched 23 new products during the quarter, including regional spice specialties and protein-focused breakfast options.
Managing Director and CEO Sanjay Sharma stated that the company remains focused on strengthening its core market position and expanding its footprint in convenience foods, particularly in regions like Kerala. The company is also implementing a digital-first strategy under the initiative known as Project Bolt to further accelerate online sales. As part of its growth roadmap, Orkla India intends to enter markets in the UK and Europe with a reformulated range of its MTR Minute Meals paneer products. Investors will likely monitor whether the company can maintain these volume growth rates and stabilize its operating margins in the coming quarters, especially as it continues to invest in new product launches and digital channel expansion.