Q2 Financial Results: Marico and Petronet LNG Show Strong Gains
Major companies report their Q2 earnings, with Marico and Petronet LNG posting significant profit increases while others like ITC and Escorts Kubota see declines.
Marico's net profit surged 72% to ₹683 crore in Q2FY27.
Petronet LNG reported a 53.3% increase in standalone net profit to ₹1235.40 crore.
ITC's consolidated profit fell 18.45% to ₹4,229.33 crore due to rising expenses.
On November 2, 2026, several prominent companies released their financial results for the second quarter of FY27, revealing a mixed performance across various sectors. Notably, Marico and Petronet LNG reported substantial profit increases, while ITC and Escorts Kubota faced declines in their earnings. Investors are closely monitoring these results to gauge the economic landscape and company performance.
Marico's financial report highlighted a remarkable 72% year-on-year increase in standalone net profit, reaching ₹683 crore, compared to ₹398 crore in the same quarter last year. This growth was attributed to improved margins from lower copra prices and strong performance in its food and personal care segments. The company also noted significant growth in its digital-first brands, which contributed to its overall revenue increase.
In contrast, ITC Ltd reported an 18.45% drop in consolidated profit, totaling ₹4,229.33 crore, down from ₹5,186.55 crore in the previous year. Despite this decline, the company's revenue surged by 43.85% to ₹30,578.4 crore, driven by robust growth in its non-cigarette business segments. ITC's earnings statement indicated that the FMCG sector experienced double-digit revenue growth for the fourth consecutive quarter, although rising operational costs impacted profitability.
Petronet LNG's performance stood out with a 53.3% rise in standalone net profit, amounting to ₹1235.40 crore, up from ₹805.75 crore in Q2FY26. The company also declared an interim dividend of ₹7 per share, reflecting its strong financial position. Other notable performers included Granules India, which saw its net profit increase by 39% to ₹182 crore, and Eureka Forbes, reporting a 19% rise in net profit to ₹73.34 crore.
Looking ahead, analysts will continue to assess the implications of these earnings reports on market trends and investor sentiment. Upcoming financial disclosures from other key players in the industry will further shape the economic outlook as companies navigate challenges such as rising costs and fluctuating demand.
