Key Decisions and Approvals

  • Approved Unaudited Financial Results (Standalone and Consolidated) as per IND-AS for the quarter ended June 30, 2026
  • Approved Integrated Filing (Financial) for the quarter ended June 30, 2026 as per SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated 31st December, 2024
  • Approved holding the 54th Annual General Meeting on Monday, September 28, 2026 at 4:00 PM through Video Conferencing/Other Audio-Visual Means
  • Approved cut-off date for remote e-voting as Monday, September 21, 2026

Financial Performance: Q1 FY27 (Standalone)

Income Statement (₹ in Lakhs)

  • Revenue from Operations: ₹15,237.62 (vs ₹23,157.88 in Q1 FY26, -34.2% YoY)
  • Other Income: ₹256.68 (vs ₹333.20 in Q1 FY26)
  • Total Income: ₹15,494.30 (vs ₹23,491.08 in Q1 FY26, -34.0% YoY)
  • Cost of Materials Consumed: ₹17,914.79 (vs ₹29,385.59 in Q1 FY26)
  • Changes in Inventories: (₹11,129.38) (vs (₹15,297.01) in Q1 FY26)
  • Employee Benefits Expense: ₹1,271.71 (vs ₹1,294.90 in Q1 FY26)
  • Finance Costs: ₹1,043.20 (vs ₹1,166.81 in Q1 FY26)
  • Depreciation: ₹573.72 (vs ₹560.17 in Q1 FY26)
  • Other Expenses: ₹5,209.51 (vs ₹5,305.05 in Q1 FY26)
  • Profit before Tax: ₹610.75 (vs ₹1,075.57 in Q1 FY26, -43.2% YoY)
  • Tax Expense: ₹192.54 (vs ₹312.60 in Q1 FY26)
  • Net Profit after Tax: ₹418.21 (vs ₹762.97 in Q1 FY26, -45.2% YoY)
  • Other Comprehensive Income: ₹9.97 (vs (₹6.46) in Q1 FY26)
  • Total Comprehensive Income: ₹428.18 (vs ₹756.51 in Q1 FY26)

Key Metrics

  • Earnings Per Share (Basic): ₹0.57 (vs ₹1.04 in Q1 FY26)
  • Earnings Per Share (Diluted): ₹0.57 (vs ₹1.03 in Q1 FY26)
  • Paid-up Equity Share Capital: ₹735.32 lakhs (vs ₹734.15 lakhs in Q1 FY26)

Financial Performance: Q1 FY27 (Consolidated)

Income Statement (₹ in Lakhs)

  • Revenue from Operations: ₹15,748.74
  • Other Income: ₹209.03
  • Total Income: ₹15,957.77
  • Profit before share of Joint Venture: ₹603.77
  • Share of Loss of Joint Venture: (₹34.07)
  • Profit before Tax: ₹569.70
  • Tax Expense: ₹186.59
  • Net Profit after Tax: ₹383.11
  • Total Comprehensive Income: ₹393.13
  • Earnings Per Share (Basic): ₹0.52
  • Earnings Per Share (Diluted): ₹0.52

Subsidiary and Joint Venture Details

The consolidated results include:

  • Subsidiaries: FNI Spices Private Limited, Udhyaan Agroproduct and Trading Private Limited
  • Joint Venture: Beyond Mango Private Limited
  • One subsidiary reported total revenues of ₹0.99 lakhs and net loss of ₹13.25 lakhs
  • Joint Venture reported net loss of ₹34.07 lakhs

Operational Performance Summary

Sales Metrics

  • Sales Tonnage: 20,836 MT (vs 29,964 MT in Q1 FY26, -30.5% YoY)
  • Exports: 4,702 MT (vs 4,342 MT in Q1 FY26, +8.3% YoY)
  • Domestic: 16,133 MT (vs 25,621 MT in Q1 FY26, -37.0% YoY)
  • Sales Value: ₹150 crores (vs ₹229 crores in Q1 FY26, -34% YoY)
  • Average Realizations: Declined ~18.5% YoY

Business Commentary

Sales Performance

Export segment significantly impacted by freight and container availability issues related to continuing war situation. Approximately 1,800 MT of finished goods overdue for shipment.

Product Segment Performance

  • Mango: Lower fruit prices in current procurement season compared to last year
  • Tomato: Unable to execute canned products against confirmed orders due to poor quality raw materials
  • Spray Dried powders: 22% growth in volumes in Q1 FY27
  • Frozen Food: Volumes up ~10% and value up ~19.5% YoY
  • Kusum Spices: Business grew by 14.7% YoY in Q1 FY27
  • Tetra Recart: Continuing international expansion and evaluating additional capacity utilization avenues

Financial Position

Debt and Borrowings (as of June 30, 2026)

  • Loans from banks/financial institutions: ₹35,007.82 lakhs outstanding
  • No defaults on any borrowings
  • Total financial indebtedness: ₹46,916.60 lakhs

Auditor Review

  • Limited review conducted by Kapadia & Co., Chartered Accountants (Firm Registration No.104767W)
  • Review performed in accordance with Standard on Review Engagements (SRE) 2410
  • No material misstatements identified in the financial results

Board Meeting Details

  • Meeting held on August 11, 2026
  • Commenced at 4:30 PM and concluded at 9:00 PM
  • Results reviewed by Audit Committee and approved by Board of Directors