Krishival Foods Q2 Revenue Up 28%, EBITDA Rises 53%

Quarter 2 FY27 (July-September 2026):

Revenue from operations: ₹85.66 crores (28% growth YoY from ₹66.67 crores in Q2 FY26)
EBITDA: ₹13.87 crores (53% growth YoY)
EBITDA margin: 16.6%
Profit after tax: ₹6.82 crores (18% growth YoY)

First Half FY27 (April-September 2026):

Revenue from operations: ₹174.62 crores (50% growth YoY from ₹116.19 crores in H1 FY26)
EBITDA: ₹24.56 crores (63% growth YoY)
EBITDA margin: 13%
Profit after tax: ₹12.42 crores (22% growth YoY)

Nuts & Dry Fruits Division (Healthy Snacking):

Ice Cream Division (Melt N Mellow):

Q2 FY27 revenue: ₹22.50 crores (65% YoY growth)
Q2 FY27 EBITDA: ₹3.53 crores (566% YoY growth)
EBITDA margin: 16% (above target of 8%)
Growth driven by sound raw material and packing material management, distribution ecosystem management

Nuts & Dry Fruits Business:

In May 2026, added 10 metric ton finished kernel production capacity, taking total installed capacity to 20 metric tons per day
Targeting further capacity addition to reach 40 metric tons finished kernel production per day by FY28
Product portfolio includes flavored cashews, almonds, pistachios, makhana, and other exotic nuts
Expanding affordable on-the-go offerings through INR 20 MRP range including trail mixes, cereal mixes, salted nuts
B2B business focuses on mithai ingredient partners including Prashant Corner, Meetha by Radisson, Haldiram Delhi, Home Sweet Gurgaon
B2C mix increased to 20% in H1 FY27 from 5-7% last financial year

Ice Cream Business (Melt N Mellow):

Deep freezer network: 18,752 units as of Q2 FY27 end
Target: 27,000 deep freezers by end of FY27
Products available across 35,000+ retail touchpoints across Maharashtra, Goa, Karnataka, Telangana, Andhra Pradesh, and Tamil Nadu
Added 85 new distributors in Q2, taking total distributor count to 205
Distributor retention rate: 95%
Network operates through 13 depots
Geographic expansion: Added Tamil Nadu locations including Vellore, Hosur, Erode, Tiruvannamalai, Salem and adjoining areas
Andhra Pradesh distribution covered through C&F locations in Rayalaseema, Vijayawada, and Visakhapatnam
Product portfolio includes cones, kulfis, choco bar, tubs, family pack, Novelties, Ice Cream Cake, Pastry, and Marvel range from extrusion line
Adding zero added sugar options

Nuts Manufacturing (Kolhapur district near Belgaum):

Ice Cream Manufacturing (Sambhajinagar):

Installed capacity: 1 lakh liter ice cream per day
Additional capacity: 20 metric tons per day milk products, 10 metric tons per day bakery products
Expected capacity utilization: 37% of ice cream capacity in current financial year
Full capacity utilization target: Q1 FY29 (expected to generate ₹600 crores top line)
Equipped with automated production lines including extrusion and stick lines, cone filling facility, blast rotary tunnel, homogeneous and pasteurizers
End-to-end cold chain infrastructure and in-house R&D center

Mr. Vivek Kumar Jain joined as Chief Business Officer effective October 23, 2026
Brings over 25 years of experience in consumer goods sector
Previous experience includes Tata Consumer (building modern trade and e-commerce capabilities, international exports) and Nestle (18 years in sales and business leadership roles)
Educational background: Commerce Graduate from University of Rajasthan, PG Diploma in Human Resources and Finance from AMS Dehradun, certifications from IIT Roorkee, IIM Mumbai, and SDA Bocconi, Italy
Will spearhead business strategy, growth initiatives, profitability, product portfolio expansion across domestic and international markets

First outlet coming at Apte Road, Deccan, Shivaji Nagar, Pune (1,400 square foot carpet space)
Under commissioning, expected inauguration shortly
FOCO (Franchisee-Owned Company-Operated) model
Plan to expand to 25 FOCO outlets in Pune and vicinity after first outlet launch
Hub-and-spoke model with first outlet as hub and 15 outlets as spokes
Gross margin in retail stores almost double regular sale margins

Targeting approximately 50% growth in top line and 50% growth in profitability in FY27
By FY29, expect equal contribution from healthy snacks division and ice cream division
Target consolidated revenue of ₹1,500 crores for FY29
Ice cream business expected to grow faster than nuts business for next two years
Nuts business expected to grow 20-25% in next 2-3 quarters

FMCG sector witnessed challenging operational environment in Q2 FY27 due to inflationary pressure
Retail inflation at 5.4% in September 2026, food inflation at 7.74%
Input cost pressures from El Nino effect, geographical uncertainties, crude oil price increases, sugar price increases
Company focused on sound supply chain management, execution capabilities, and backend integration
Inventory buildup strategy to manage input cost pressures

Receivables increased due to September sales concentration (₹55 crores out of ₹85 crores quarterly sales in September)
Ice cream sales tripled YoY, impacting receivables
Inventory buildup due to strategic stock accumulation for input cost management
Borrowings expected to increase in ice cream segment only, maintaining sustainable ratios
Depreciation expected to increase due to deep freezer expansion in ice cream segment
Financial year 2029 targeted as inflection point for improved net profit margins