The quarter where rice exports almost doubled, but what stole the spotlight? Management casually announcing they’re sitting on ₹4,000 crore land in Ghaziabad, planning to shift factories and build a township. Yes, the world’s “rice king” is now moonlighting as DLF. Meanwhile, America slapped a 25% tariff on Indian Basmati (ouch), but KRBL shrugged, saying, “Don’t worry, Saudi office coming soon.”
Stick around — this call had everything: farmers, Amitabh Bachchan ads, gut-friendly oils, and a side of real estate masala.
2. At a Glance
Revenue up 32% – Biryani demand beats Sensex returns.
Export revenue up 98% – Bulk sales turned into “rice-by-the-ton” Amazon Prime.
EBITDA margin 13.9% – Dal-chawal comfort food, not dum biryani profits.
PAT ₹151 crore (up 74%) – Stockholders finally stopped sulking.
Inventory down 13% YoY – Warehouse looks less like a mandi.
Cash pile ₹1,281 crore – Enough to buy more paddy or half of Lucknow.
3. Management’s Key Commentary
Anil Mittal: “India is now the largest rice producer, even ahead of China.” (Translation: We beat the Chinese at rice, but don’t ask about electronics.)
Ayush Gupta: “We want KRBL to become a multi-category FMCG leader.” (Translation: Rice is cool, but Maggi margins look sexier.)
CFO Ashish Jain: “Private label and bulk exports are the same thing.” (Translation: Fancy words for ‘selling 10-kg sacks with someone else’s name on it.’)
Mittal: “We’ll monetize our Ghaziabad land worth ₹7,500 crore in 2 years.” (Translation: Why sweat over rice margins when you can play Monopoly in NCR real estate?)
Ayush: “Our Uplife oils are for weight management and gut health.” (Translation: Eat biryani with our oil, blame your gut later.)
Mittal: “US tariffs are high, but our exposure there is small.” (Translation: Don’t worry, Americans eat quinoa, not biryani.)
Ayush: “Regional rice grew 77% this quarter.” (Translation: Even Rajma-Chawal rice is trending now.)
