Annapurna Swadisht Limited – Investor Presentation Summary

Key Operational Highlights

  • Production capacity increased from 73.5 MT/day in FY23 to 180.80 MT/day in FY26.
  • Number of manufacturing plants increased from 3 in FY23 to 5 in FY26.
  • Retail touch points expanded from 6 lakhs in FY23 to 8.5 lakhs in FY26.
  • Packets sold per day increased from 20 lakhs in FY23 to 33 lakhs in FY26.
  • Presence expanded from 5 states in FY23 to 15 states in FY26.
  • Number of SKUs grew from 72 in FY23 to 188 in FY26 across 13 product categories.
  • Number of distributors increased from 510 in FY23 to 1150 in FY26.

Key drivers of operational performance: Strategic acquisitions (Madhur Confectioners, Andri Agro Foods), geographic expansion, and product portfolio diversification.

Financial Highlights

Consolidated Q1FY27 Performance:

  • Revenue: ₹127.21 Cr (17.74% YoY growth from Q1FY26 ₹108.04 Cr)
  • EBITDA: ₹21.00 Cr (21.88% YoY growth from Q1FY26 ₹17.23 Cr)
  • PAT: ₹9.81 Cr (50.00% YoY growth from Q1FY26 ₹6.54 Cr)
  • EPS: ₹4.50 (11.11% YoY growth from Q1FY26 ₹4.05)
  • EBITDA Margin: 16.51% (56 bps improvement YoY from 15.95%)
  • PAT Margin: 7.71% (166 bps improvement YoY from 6.05%)

Standalone Q1FY27 Performance:

  • Revenue: ₹108.70 Cr (22.33% YoY growth from Q1FY26 ₹88.86 Cr)
  • EBITDA: ₹17.06 Cr (17.90% YoY growth from Q1FY26 ₹14.47 Cr)
  • PAT: ₹7.97 Cr (6.84% YoY growth from Q1FY26 ₹7.46 Cr)
  • EPS: ₹3.65 (3.42% YoY growth from Q1FY26 ₹3.42)
  • EBITDA Margin: 15.69% (59 bps decline YoY from 16.28%)
  • PAT Margin: 7.33% (106 bps decline YoY from 8.40%)

Drivers of financial performance: Revenue growth, operational efficiency, and strategic acquisitions contributing to bottom-line improvement.

Strategic & R&D Initiatives

Acquisition Synergies - Madhur Confectioners:

  • Strategic shift to high-growth, high-margin confectionery segment
  • Access to state-of-the-art ISO and HACCP-certified facility with 90 MT/day capacity
  • 31 SKUs added to portfolio
  • Expanded footprint across 20 Indian states and international markets (Africa, Middle East)
  • Expected contribution: ~₹200 Cr in Revenue and ~₹16 Cr in PAT in FY28

Acquisition - Andri Agro Foods Pvt. Ltd.:

  • Strengthened soya-based foods portfolio with 24 SKUs
  • Entry into groceries segment through bulk and premium namkeen products
  • Capacity: 4,20,000 tonnes p.a. equipped with Italian and Japanese machinery
  • Contract manufacturing for Haldiram and Akash
  • Distribution network of ~200 distributors in Eastern India
  • Expected contribution: ~₹120 Cr in revenue and ~₹6 Cr in PAT by FY28

Management Commentary & Growth Outlook

Strategic Outlook: Targeting revenues of ~₹1,100 Cr and PAT of ~₹100 Cr by FY28

Growth Strategies:

  • Pricing-led penetration & premiumization (₹10–₹50 price points)
  • Strengthening rural and semi-urban presence through value pricing
  • Research-driven new product launches
  • Accelerating brand recall with focused investments and endorsement by Sourav Ganguly
  • Expanding global footprint through export opportunities
  • PAN-India market penetration through enhanced distribution network
  • Multi-channel growth through modern trade, general trade, D2C and digital commerce

Company Overview

Board of Directors:

  • Mr. Shreeram Bagla - Chairman & Managing Director (Economics graduate from Calcutta University)
  • Mr. Ritesh Shaw - Whole-time Director (Chartered Accountant with 20+ years experience)
  • Mr. Manoj Sharma - Whole-time Director (Chartered Accountant with 20+ years experience)
  • Mr. Chandan Ghosh - Independent Director (Former Country Head at Nestle)
  • Mrs. Rachan Yadav - Independent Director (HR Thought Leader with 19+ years experience)
  • Mr. Harish Navarathna - Independent Director (38 years experience including 20 years at Unilever)

Company Journey: Incorporated in 2016 as Annapurna Agro Industries, began supplying raw pellets to regional snack producers. Listed on NSE Emerge in 2023, migrated to NSE Mainboard Platform in 2026.