NHC Foods' annual results confirm growth, but standalone PAT dips

NHC Foods delivered a sharp jump in consolidated revenue and profit for FY26, powered by the acquisition of Conquer Enterprises. Consolidated revenue hit ₹601.31 cr, up 73% from last year, and PAT climbed 74% to ₹12.32 cr. But the standalone numbers tell a different story: revenue grew 30% to ₹442.62 cr, yet PAT slipped to ₹6.10 cr. The core business is generating more sales but not more profit. The acquisition is clearly the growth engine, but margins in the standalone operations remain under pressure. The auditors gave an unmodified opinion, and the board reappointed the internal auditor — procedural, not newsworthy. This is a standard annual result that largely confirms what the market already knew from earlier disclosures. The headline numbers impress, but the standalone performance keeps this a stock to watch rather than chase.