SKM Egg Products Export (India) Ltd — Q4 FY26 earnings call
Summary generated by AI from the official transcript SKM Egg Products Export (India) Ltd filed with BSE on 28 May 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
SKM Egg Products reported record FY26 results with turnover of 767 crore, operating profit of 163 crore, profit before tax of 136 crore, and profit after tax crossing 100 crore for the first time in the company's history. Management outlined an ongoing capex of about 400 crore to expand layer bird capacity from the current level to 40 lakh birds by 2029, funded through own funds and a bank term loan. The company also disclosed a takeover of SKM Universal for a valuation of about 37 crore, aimed at bringing the branded egg division and windmill assets back into the listed entity.
Numbers mentioned
Turnover: 767 crores (FY26)
p. 4
“During the last 2031 years turnover gone up to 767 crores with operating profit of 163.”
Mr. K. S. Venkatachalapathy (Chief Financial Officer), page 4 of the filed PDF · View the filing
Profit before tax: 136 crores (FY26)
p. 4
“And we finally settled the profit before tax at 136 crores.”
Mr. K. S. Venkatachalapathy (Chief Financial Officer), page 4 of the filed PDF · View the filing
Profit after tax: more than 100 crores (FY26)
p. 4
“And the profit after tax first time in the lifetime history crossing 100 crores profit after tax.”
Mr. K. S. Venkatachalapathy (Chief Financial Officer), page 4 of the filed PDF · View the filing
Shareholders' funds: 395 crores (FY26)
p. 4
“And your funds in the company is 395 crores shareholders’ funds.”
Mr. K. S. Venkatachalapathy (Chief Financial Officer), page 4 of the filed PDF · View the filing
Export quantity: 7126 metric ton (FY26)
p. 4
“Upper quantity exports 7126 metric ton.”
Mr. K. S. Venkatachalapathy (Chief Financial Officer), page 4 of the filed PDF · View the filing
Sales growth: 58% (FY26 vs FY25)
p. 4
“Our sales have gone up by 58% year on year from 493 crores to 767 crores.”
Mr. K. S. Venkatachalapathy (Chief Financial Officer), page 4 of the filed PDF · View the filing
Q4 sales: 197 crores (Q4 FY26)
p. 4
“Last year we made 180 crores but sales have gone up to 197 crores.”
Mr. K. S. Venkatachalapathy (Chief Financial Officer), page 4 of the filed PDF · View the filing
Q4 profit after tax: 32 crores (Q4 FY26)
p. 4
“After getting the operating profit around 48 crores for profit before tax is 41 crores and profit after tax is 32 crores against 9.7 crores and 6.22 crores respectively.”
Mr. K. S. Venkatachalapathy (Chief Financial Officer), page 4 of the filed PDF · View the filing
Book value per share: 150 rupees
p. 5
“Book value per share is 150 rupees as on date.”
Mr. K. S. Venkatachalapathy (Chief Financial Officer), page 5 of the filed PDF · View the filing
Capex project cost: 403 crores
p. 6
“The total cost of the project is 403 crores.”
Mr. K. S. Venkatachalapathy (Chief Financial Officer), page 6 of the filed PDF · View the filing
Average realization: 722 (FY26)
p. 8
“So, our average realization is about 722.”
Mr. SKM Shree Shivkumar (Managing Director), page 8 of the filed PDF · View the filing
SKM Universal valuation: 37 crores
p. 8
“I think the valuation number that is about 37 crores for the entire company.”
Mr. SKM Shree Shivkumar (Managing Director), page 8 of the filed PDF · View the filing
Shellac export business revenue: about 100 crore
p. 10
“we are also looking to expand our shellac export business where we are currently about 100 crore and domestic market is about 40 crores.”
Mr. SKM Shree Shivkumar (Managing Director), page 10 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
Turnover — thousand crore · 2030
stated as an aspiration by Mr. SKM Shree Shivkumar (Managing Director)
p. 8
“This is in terms of numbers the thousand crore is not for the next financial year. It is the target of 2030 for which we are gearing up in terms of capacity expansion in powder as well as egg production.”
Mr. SKM Shree Shivkumar (Managing Director), page 8 of the filed PDF · View the filing
Layer bird capacity — 40 lakh birds · by 2029
stated firmly by Mr. SKM Shree Shivkumar (Managing Director)
p. 10
“So, the investment will be completed by 28-29.”
Mr. SKM Shree Shivkumar (Managing Director), page 10 of the filed PDF · View the filing
Powder capacity — 10,000 tons · five years
stated as an aspiration by Mr. SKM Shree Shivkumar (Managing Director)
p. 10
“But definitely there is plan to invest to enhance our capacity to about 10,000 tons and when we will realize this is the next question.”
Mr. SKM Shree Shivkumar (Managing Director), page 10 of the filed PDF · View the filing
FY27 capacity growth — FY27
stated conditionally by Mr. SKM Shree Shivkumar (Managing Director)
p. 8
“So, for 26 - 27 we don't foresee a very big increase in capacity.”
Mr. SKM Shree Shivkumar (Managing Director), page 8 of the filed PDF · View the filing
Japan branch establishment — within two to three months
stated firmly by Mr. K. S. Venkatachalapathy (Chief Financial Officer)
p. 4
“Japan is under the establishment hopefully within two to three months we will have our Japan branch by July end of something.”
Mr. K. S. Venkatachalapathy (Chief Financial Officer), page 4 of the filed PDF · View the filing
Egg Pro drink relaunch — this week from June
stated firmly by Mr. SKM Shree Shivkumar (Managing Director)
p. 13
“we have already reformulated our Egg Pro drink which will be put into market this week from June.”
Mr. SKM Shree Shivkumar (Managing Director), page 13 of the filed PDF · View the filing
R&D division commencement — six months
stated firmly by Mr. SKM Shree Shivkumar (Managing Director)
p. 13
“So the company is fully focused and we are building an R D division, product development and R D division exclusively for this purpose which will be commenced in six months’ time.”
Mr. SKM Shree Shivkumar (Managing Director), page 13 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management said capacity is fully utilized and the 1000 crore target is for 2030, not the next financial year.
Answered by Mr. SKM Shree Shivkumar (Managing Director)
Asked by Mr. Keshav Garg: What was the sales volume in FY26 and outlook for FY27/28, and is the 1000 crore revenue target achievable in FY27?
p. 8
“This is in terms of numbers the thousand crore is not for the next financial year. It is the target of 2030 for which we are gearing up in terms of capacity expansion in powder as well as egg production.”
Mr. SKM Shree Shivkumar (Managing Director), page 8 of the filed PDF · View the filing
Management said the main competition comes from European players and that the company realizes a premium versus competitors due to reputation.
Answered by Mr. SKM Shree Shivkumar (Managing Director)
Asked by Mr. Gunit Singh: What is the competitive positioning in export markets like Japan and Russia?
p. 10
“I can tell you we realize at least 5% more than our competition in these markets.”
Mr. SKM Shree Shivkumar (Managing Director), page 10 of the filed PDF · View the filing
Management explained that bird flu causes culling of birds, reduced egg supply, and higher prices, benefiting the company as an alternate reliable supplier.
Answered by Mr. SKM Shree Shivkumar (Managing Director)
Asked by Mr. Lakshminarayana: How does bird flu affect the industry and the company's buyer behavior?
p. 12
“Definitely the production of eggs comes down which results in higher shell like demand for the shell eggs goes up and the price goes up.”
Mr. SKM Shree Shivkumar (Managing Director), page 12 of the filed PDF · View the filing
Management said most contracts are three to six months, about 70-75% on contract basis, and currently only 30% of forex exposure is hedged versus the usual 70%.
Answered by Mr. SKM Shree Shivkumar (Managing Director)
Asked by Mr. Vaibhav Badjatiya: What is the contract structure and forex hedging policy?
p. 16
“We are currently at 30% coverage because of the high volatility we see now.”
Mr. SKM Shree Shivkumar (Managing Director), page 16 of the filed PDF · View the filing
Management said the project brings per-egg cost savings of about 20 paise, and FY27 growth will come mainly from shellac exports and domestic expansion rather than powder capacity.
Answered by Mr. SKM Shree Shivkumar (Managing Director)
Asked by Mr. Meherwan Kotwal: What is the expected ROI on the new environmental shed capex and what will drive FY27 growth?
p. 17
“Just to give you there will be at least about 20 Paises saving per egg in terms of production costs without considering the interest and so on in the operation side itself”
Mr. SKM Shree Shivkumar (Managing Director), page 17 of the filed PDF · View the filing
Management explained the dollar-euro cross rate affects competitiveness in Japan since European competitors price in euro while SKM prices in dollar.
Answered by Mr. SKM Shree Shivkumar (Managing Director)
Asked by Mr. Anand Gupta: How does the USD to Euro conversion rate impact other expenses?
p. 19
“Suppose 1 is to 1.1 is less competitive for us 1 is to 1.2 is more competitive position for us.”
Mr. SKM Shree Shivkumar (Managing Director), page 19 of the filed PDF · View the filing
Risks flagged
Bird flu outbreaks disrupt egg supply and cause price volatility
p. 12
“Price trend Bird flu so bird flu is the biggest disruptor in our industry.”
Mr. SKM Shree Shivkumar (Managing Director), page 12 of the filed PDF · View the filing
Foreign exchange fluctuation affecting the capex project cost
p. 6
“This may be subject to vary because of substantial portion of the payment in foreign currencies.”
Mr. K. S. Venkatachalapathy (Chief Financial Officer), page 6 of the filed PDF · View the filing
Reduced forex hedging coverage due to high volatility
p. 16
“We are currently at 30% coverage because of the high volatility we see now.”
Mr. SKM Shree Shivkumar (Managing Director), page 16 of the filed PDF · View the filing
Value-added product exports are difficult due to shelf-life and distribution constraints
p. 14
“Maybe we can go to Middle east once this is established but otherwise value-added products exporting is not so easy because of the shelf-life supply chain distribution.”
Mr. SKM Shree Shivkumar (Managing Director), page 14 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.