The Statutory Auditors, M/s. MSKA & Associates LLP, Chartered Accountants (Firm Registration No. 105047W), issued a Limited Review Report on both the standalone and consolidated unaudited financial results. Their review, conducted in accordance with Standard on Review Engagements (SRE) 2410, concluded that nothing came to their attention to believe the statements contain any material misstatement.

Key Financial Figures (Standalone - Rs. Lakhs)

Quarter ended June 30, 2026 (Unaudited) vs. June 30, 2025 (Unaudited) vs. Year ended March 31, 2026 (Audited):

  • Revenue from Operations: 12,094.45 (Q1 FY27) vs. 10,033.74 (Q1 FY26) vs. 52,791.51 (FY26)
  • Total Income: 12,165.72 (Q1 FY27) vs. 10,308.13 (Q1 FY26) vs. 54,657.57 (FY26)
  • Profit Before Tax: 4,196.49 (Q1 FY27) vs. 2,455.64 (Q1 FY26) vs. 13,224.22 (FY26)
  • Tax Expense: 1,187.41 (Q1 FY27) vs. 585.39 (Q1 FY26) vs. 3,505.79 (FY26)
  • Profit After Tax: 3,009.08 (Q1 FY27) vs. 1,699.19 (Q1 FY26) vs. 9,718.43 (FY26)
  • Earnings Per Share (Basic) (Rs.): 2.74 (Q1 FY27) vs. 1.57 (Q1 FY26) vs. 8.85 (FY26)
  • Earnings Per Share (Diluted) (Rs.): 2.74 (Q1 FY27) vs. 1.57 (Q1 FY26) vs. 8.85 (FY26)

Key Financial Figures (Consolidated - Rs. Lakhs)

Quarter ended June 30, 2026 (Unaudited) vs. June 30, 2025 (Unaudited) vs. Year ended March 31, 2026 (Audited):

  • Revenue from Operations: 15,026.70 (Q1 FY27) vs. 13,287.87 (Q1 FY26) vs. 68,323.17 (FY26)
  • Total Income: 15,873.41 (Q1 FY27) vs. 13,592.47 (Q1 FY26) vs. 70,332.89 (FY26)
  • Profit Before Exceptional Items and Tax: 2,284.58 (Q1 FY27) vs. 2,110.67 (Q1 FY26) vs. 13,907.22 (FY26)
  • Exceptional Items: 683.00 (Q1 FY27) vs. Nil (Q1 FY26) vs. 683.00 (FY26)
  • Profit Before Tax: 2,784.58 (Q1 FY27) vs. 2,110.67 (Q1 FY26) vs. 13,224.22 (FY26)
  • Tax Expense: 627.75 (Q1 FY27) vs. 586.19 (Q1 FY26) vs. 3,505.79 (FY26)
  • Profit After Tax: 1,827.89 (Q1 FY27) vs. 1,524.48 (Q1 FY26) vs. 9,718.43 (FY26)
  • Earnings Per Share (Basic) (Rs.): 1.66 (Q1 FY27) vs. 1.39 (Q1 FY26) vs. 8.85 (FY26)
  • Earnings Per Share (Diluted) (Rs.): 1.66 (Q1 FY27) vs. 1.39 (Q1 FY26) vs. 8.85 (FY26)

Notes to the Financial Results

1. The results were reviewed by the Audit Committee and approved by the Board on July 29, 2026, prepared in accordance with Ind AS.

2. Exceptional Item: An amount of ₹6.83 Crores was recognized as an exceptional item. This represents an incremental gratuity and leave liability due to the revised definition of "wages" under the new Labour Codes effective 21st November, 2025.

3. US Tariff Refund: A wholly owned subsidiary received a refund of USD 2.08 million (INR 19.69 crores) from the US Government for previously paid import tariffs.

  • INR 3.12 Crores attributable to unsold inventory was recognized as a reduction in the carrying value of inventories.
  • INR 7.29 Crores attributable to sold inventory was recognized as a reduction of cost of materials consumed.
  • INR 9.28 crores was recognized for evaluating commercial arrangements with customers.

4. The consolidated results include the financials of the following subsidiaries:

  • Wholly owned: ADF Foods UK Limited, ADF Foods Australia Pty Limited, Telluric Foods Limited
  • Wholly owned stepdown: ADF Holdings (USA) Ltd., ADF Foods (USA) Ltd., Vibrant Foods New Jersey LLC

5. The auditors' report notes reliance on other auditors for three subsidiaries (reflecting total revenues of ₹8,440.93 lakhs and net profit of ₹77.20 lakhs) and on management-certified figures for three other subsidiaries (reflecting total revenue of ₹177.02 lakhs and net loss of ₹(115.82) lakhs). The financials of one subsidiary, "Power Brands (Foods) Private Limited," which is under voluntary liquidation, are not included as they are not material.

6. The Chief Operating Decision Maker (CODM) has identified two reportable segments: "Processed and Preserved Foods Business" and "Distribution Business."

Segment-wise Performance (Consolidated - Q1 FY27 - Rs. Lakhs)

  • Processed and Preserved Foods Business: Segment Revenue - 16,728.89; Segment Results - 3,118.25
  • Distribution Business: Segment Revenue - 19,673.11; Segment Results - 371.35
  • Total Segment Results: 3,384.77
  • Profit Before Tax: 2,348.71 (after adjusting for finance cost and unallocable income/expenditure)