Financial Performance Summary (Q1 FY27 vs Q1 FY26)

Income Statement Highlights:

  • Income from operations: ₹4,904.3 million (₹490.4 crore), increased 20% YoY
  • Operating EBITDA: ₹190.4 million compared to ₹180.1 million in Q1 FY26
  • PAT: ₹24.7 million compared to ₹6.9 million in Q1 FY26, increased 258% YoY

Performance Drivers and Operational Highlights

Revenue Growth Drivers:

  • Broad-based growth across key markets
  • Improving consumption trends
  • Encouraging consumer response to recently launched products
  • Continued momentum in Namkeen and potato chips portfolio
  • Deeper distribution expansion
  • Growing traction across emerging channels, particularly quick commerce

Cost and Margin Management:

  • Significant inflationary pressures from Iran-USA War impacting key inputs:
  • Palm oil prices increased approximately 20% YoY
  • Packaging laminate prices increased approximately 20% YoY
  • Higher freight and packaging costs
  • Mitigation strategies implemented:
  • Calibrated price and grammage interventions
  • Disciplined cost optimization
  • Productivity improvements
  • Continued operational efficiencies

Strategic Initiatives and Business Updates

Technology and Digital Transformation:

  • Sales Force Automation implementation
  • Digital interventions enhancing productivity
  • Improved market responsiveness
  • Sharper execution across distribution network

New Product Development:

  • Positive response to pipeline of new products across portfolio
  • Quick commerce strategy progressing through:
  • Wider platform presence
  • Expanding product assortment
  • Improving consumer traction

Manufacturing Expansion:

  • Board approved acquisition of RLOP Food Processing Pvt. Ltd.
  • Acquisition enables securing long-term leasehold rights over land for proposed manufacturing facility
  • Modernized and upgraded plant will strengthen long-term growth platform and enrich margin profile

Management Commentary and Outlook

Current Business Environment:

  • Demand environment continues to improve
  • Growth initiatives gaining momentum
  • Execution capabilities stronger than ever

FY27 Guidance:

  • Confident of delivering double-digit revenue growth during FY27
  • Expect to maintain healthy margin levels
  • Growth strategies include:
  • Continued innovation
  • Deeper market penetration
  • Disciplined execution
  • Sustained focus on operational excellence

Company Background and Operations

Business Overview:

  • Leading Indian Snacks Food Company
  • Product portfolio includes Potato Chips, Extruded Snacks, Namkeen (traditional Indian snacks), and Cakes
  • Brands: Yellow Diamond and Avadh
  • Focus on deep value through variety of pack sizes at attractive price points

Geographical Presence:

  • Products present across 27 states and 4 union territories in India
  • One of the fastest growing companies in the organized snacks industry

Manufacturing Facilities:

  • 14 manufacturing facilities total:
  • 6 owned facilities: Indore 1&2, Assam, Kolkata and Rajkot 1&2
  • 8 contract manufacturing facilities: Kolkata, Jharkhand, Tumkur, Kanpur, Karnal, Patna, Hissar and Gwalior

Distribution Network:

  • More than 5,000 super/sub distributors
  • Extensive reach across country
  • Equally spread in metro cities, urban clusters, rural areas, and Tier 2 and 3 cities and towns
  • Products available at independent grocers and small retail stores
  • Building presence in modern trade outlets and quick commerce platforms

Corporate Governance:

  • Headquartered in Indore, India
  • Socially responsible corporate citizen with strong focus on Corporate Governance and Internal controls
  • Listed on Bombay Stock Exchange (BSE:540724) and National Stock Exchange (NSE:DIAMONDYD)