Orkla's Kerala Distribution Overhaul Poses Near-Term Risk

Orkla India, the subsidiary behind the MTR and Eastern spice brands, reported a 7.5% year-on-year increase in PAT to ₹74 crore for Q4 FY26, with revenue rising 5% to ₹626 crore. The headline numbers hint at steady consumption. The underlying risk event, however, is a structural overhaul of Eastern's Kerala distribution network that management itself calls a