EPL Q2 FY27 Guidance vs Delivery (EPL Management Mirror)

Sep'26 Qtr Underlying Revenue Grows 20.3%, Exceeding High-Teens Guidance Upgraded in Jun'26 Qtr

EPL reported Q2 FY27 consolidated revenue of INR 15,674 million, up 30.0% YoY, with underlying growth excluding pass-through impacts at 20.3%, alongside an underlying EBITDA margin of 20.4%. This top-line performance exceeded the high-teens revenue growth guidance upgraded during the Jun'26 Qtr concall, while meeting the 20.0% underlying EBITDA margin target reaffirmed in that same period. Looking ahead, management retained its near-term guidance of revenue growth in the high-teens, tracking closer to 20%, with underlying EBITDA margins of 20%-plus expected for the next few quarters and H2 FY27.