Key Financial Performance (Consolidated)

Q2 FY27 Performance

  • Revenue from Operations: ₹200.9 crore, increased 23.6% YoY from ₹162.6 crore in Q2 FY26
  • EBITDA: ₹39.0 crore, increased 9.0% YoY from ₹35.8 crore in Q2 FY26
  • EBITDA Margin: 19.4%, decreased 260 basis points from 22.0% in Q2 FY26
  • Profit After Tax: ₹25.3 crore, decreased 4.0% YoY from ₹26.4 crore in Q2 FY26
  • PAT Margin: 12.6%, decreased 360 basis points from 16.2% in Q2 FY26

H1 FY27 Performance (April-September 2026)

  • Revenue from Operations: ₹368.2 crore, increased 24.6% YoY from ₹295.5 crore in H1 FY26
  • EBITDA: ₹68.6 crore, increased 15.8% YoY from ₹59.3 crore in H1 FY26
  • EBITDA Margin: 18.6%, decreased 150 basis points from 20.1% in H1 FY26
  • Profit After Tax: ₹42.6 crore, increased 2.4% YoY from ₹41.6 crore in H1 FY26
  • PAT Margin: 11.6%, decreased 250 basis points from 14.1% in H1 FY26

Key Financial Performance (Standalone)

Q2 FY27 Standalone

  • Revenue from Operations: ₹163.3 crore, increased 16.6% YoY from ₹140.1 crore
  • EBITDA: ₹31.0 crore, decreased 17.8% YoY from ₹37.7 crore
  • EBITDA Margin: 19.0%, decreased 790 basis points from 26.9%
  • PAT: ₹21.6 crore, decreased 27.2% YoY from ₹29.7 crore
  • PAT Margin: 13.3%, decreased 790 basis points from 21.2%

H1 FY27 Standalone

  • Revenue from Operations: ₹284.2 crore, increased 18.2% YoY from ₹240.4 crore
  • EBITDA: ₹58.5 crore, decreased 2.7% YoY from ₹60.2 crore
  • EBITDA Margin: 20.6%, decreased 440 basis points from 25.0%
  • PAT: ₹39.9 crore, decreased 14.5% YoY from ₹46.7 crore
  • PAT Margin: 14.0%, decreased 540 basis points from 19.4%

Quarterly Sequential Performance

  • Q2 FY27 revenue increased 20.1% QoQ from ₹167.3 crore in Q1 FY27
  • Q2 FY27 EBITDA increased 31.4% QoQ from ₹29.7 crore in Q1 FY27
  • Q2 FY27 PAT increased 46.6% QoQ from ₹17.3 crore in Q1 FY27

Corporate Action

The Board declared an interim dividend of 30% of the face value.

Management Commentary

Mr. Bimal Thakkar, Chairman, Managing Director and CEO, commented that Q2 FY27 marked the first time quarterly revenue crossed ₹200 crore milestone. Growth was supported by sustained demand and execution across key markets despite challenges including elevated ocean freight costs, container availability constraints, and conflict-related shipping disruptions that impacted shipment schedules. The business benefits from brand strength, diversified product portfolio, and expanding distribution footprint. For H2 FY27, the company will focus on fulfilling order book, cost optimization, disciplined execution, expanding product availability, strengthening brands, and utilizing enhanced manufacturing capabilities.

Company Overview

ADF Foods Limited is a consumer-focused company and leading manufacturer of prepared ethnic foods, offering frozen foods, ready-to-eat items, ready-to-cook items, sauces, pickles, pastes and dips under 5 prominent brands. Products are available in 60+ countries through distribution network across North America, UK, EU, Middle East & Asia Pacific.