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Earnings Call

TBI Corn Earnings Call: Key Takeaways

TBI Corn reports strong FY26 performance with 43%+ volume growth, operationalizing new capacity at Malkapur and shifting toward higher-value corn products.

Highlights
Revenue growth42% YoY in H2FY26 to ₹1,669.8Mn.
MarginsGross margins improved to 18.2% from 17.8% YoY.
Demand visibilityStrong across snack, animal feed, and namkeen segments.
Management confidenceHigh; citing robust operating model and positive OCF turnaround.

Growth

FY26 revenue reached ₹3,033Mn, up 43% YoY. H2FY26 EBITDA stood at ₹164.4Mn (9.8% margin).

Outlook

Completed Malkapur expansion in March 2026; targeting higher value-added products and increased direct procurement (currently 25%).

Risks

Seasonal margin fluctuations; rising interest costs due to working capital usage; commodity price volatility.

Source

Earnings Call filed with NSE, NSE: TBI. Summary written with AI assistance from the document.

Read the document ↗

TBI Corn Limited: key numbers

Share price
₹71.95
Market cap
₹130.7 Cr
Revenue (annual)
₹303.7 Cr
Net profit (annual)
₹18.61 Cr
P/E (TTM)
7.0×Sector 29.0×
Promoter holding
56.47%
FII holding
0.01%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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