Key Financial Performance (Consolidated)

  • Revenue from Operations: ₹167.3 Crores, representing 25.9% year-over-year growth
  • EBITDA: ₹29.7 Crores, up 26.0% YoY
  • EBITDA Margin: 17.7%
  • PAT: ₹17.3 Crores, up 13.4% YoY
  • PAT Margin: 10.3%

Key Financial Performance (Standalone)

  • Revenue Growth: 20.5% YoY
  • EBITDA: ₹27.5 Crore, up 22.6% YoY
  • EBITDA Margin: 22.8%
  • PAT: ₹18.3 Crores, up 7.6% YoY
  • PAT Margin: 15.1%

Operational Highlights

  • This represents the 4th consecutive quarter of strong double-digit YoY growth
  • Performance achieved despite geopolitical uncertainties including ongoing West Asia conflict
  • Navigated supply-chain challenges and trade-route disruptions including vessel shortage and elevated fuel & ocean freight rates
  • Continued focus on cost optimization and operational efficiency initiatives supported profitability

Brand Performance Updates

Ashoka (Flagship Brand)

  • Delivered strong growth driven by robust diaspora demand and deeper penetration across key international markets
  • Grown at CAGR of 20%+ over last 5 years
  • Products available in 60+ countries worldwide
  • Primary markets: USA, Canada, UK, APAC, Middle East and EU

Truly Indian

  • Sustained strong momentum with expanded presence across 3,000+ stores in the U.S.
  • Received industry-recognized brand recognitions including:
  • NEXTY Award for Best Breads and Bakery Product (Tikka Masala Naan)
  • Editor's Pick for Best New Products of 2026 by Progressive Grocer
  • Simply Recipes Freezies Awards Winner (Tandoori Garlic Naan)
  • AllRecipes Golden Cart Awards (double win)
  • Strong presence across Germany with expansion in USA

ADF Soul

  • Strengthened domestic brand presence with refreshed leadership
  • Growth strategy focused on channel expansion, new product launches, and enhanced in-store consumer engagement
  • 22 SKUs of pickles (in Olive Oil & Sunflower Oil) and chutneys
  • 7 SKUs of frozen breads and 5 SKUs of frozen snacks
  • Available through own website, leading e-commerce platforms, and modern trade outlets in Mumbai, Pune & Bangalore

Capacity Expansion

  • Surat greenfield project (Phase 1): Began commercial operations in Q4 FY26, enhancing frozen food production capabilities
  • Facility has commenced commercial deliveries and initial container shipments
  • Combined with brownfield expansions & debottlenecking in existing plants at Nadiad & Nashik
  • Total annual processing capacity: ~38,000 MT

Certification Achievement

  • AEO-T3 certification achieved in Q1 FY27 from CBIC
  • Enables faster customs clearances, reduced inspections, and improved export efficiency
  • Strengthens export operations alongside existing 3 Star Export House status

Manufacturing and Distribution Infrastructure

  • Manufacturing Facilities: 3 plants in Surat (Gujarat), Nadiad (Gujarat), and Nashik (Maharashtra)
  • US Warehousing: Combined 100,000 sq. ft across two warehouses in Atlanta (34,000 sq.ft.) and New Jersey (66,000 sq.ft.)
  • Cold Storage: New cold storage facility established in New Jersey to enhance frozen product handling

Capital Investment

  • Continuous investments in capacity expansion of approximately ₹124 Crores over the past two years
  • Fully funded through internal accruals
  • Strong balance sheet supporting ongoing capital investments

Product Portfolio

Key product categories include:

  • Snacks & Samosas
  • Indian Breads
  • Curries (Regular & Vegan)
  • Fruits & Vegetables (Cut & Whole)
  • Sweets, Puffs, Rolls
  • Cooked Rice
  • Cooking & Condiment Pastes
  • Dipping Sauces, Cooking Sauces
  • Pickles, Chutneys, Murabba
  • Spices, Tamarind
  • Indo Chinese Range
  • Canned Sweets, Mango Pulp, Soya Chaap

Management Commentary

The presentation highlights structural category tailwinds including rising global demand for convenient, authentic RTE/RTC Indian food driven by lifestyle shifts and widening acceptance of ethnic Indian cuisine. The company emphasizes its scalable growth engines, sustained margin expansion, and strong balance sheet position.

Forward-Looking Statements

The document contains forward-looking statements regarding market opportunity and business prospects, noting they are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict including Indian and international economic performance, industry competition, implementation of strategy, growth and expansion levels, technological changes, and market risks.