Key Decisions and Approvals

1. Approval of Financial Results: The Board, at the recommendation of its Audit Committee, approved the Unaudited Financial Results (Standalone and Consolidated - Limited Review) for Q2 FY27 and half-year ended September 30, 2026.

2. KMP Authorization: The Board authorized the following Key Managerial Personnel for determining materiality and making disclosures under Regulation 30(5) of SEBI Listing Regulations:

  • Mr. Nitish Bajaj (Group Managing Director)
  • Mr. Asheesh Kumar Sharma (Executive Director & CEO)
  • Mr. KPN Srinivas (Chief Financial Officer)
  • Ms. Kavita (Company Secretary & Compliance Officer)

Contact details and the updated Policy for determining materiality are available on the company website.

3. Postponement of RMC Meeting: The Risk Management Committee meeting scheduled for 05th November 2026 was deferred to a later date due to prolonged deliberations of other meetings.

Financial Performance Highlights

Standalone Results (₹ in Crores)

Quarter Ended 30-09-2026:

  • Revenue from operations: ₹261.10
  • Total income: ₹262.06
  • Profit before tax: ₹13.11
  • Profit after tax: ₹9.82
  • EPS (Basic & Diluted): ₹2.60

Half-Year Ended 30-09-2026:

  • Revenue from operations: ₹502.85
  • Total income: ₹504.83
  • Profit before tax: ₹26.57
  • Profit after tax: ₹19.60
  • EPS (Basic & Diluted): ₹5.20
Consolidated Results (₹ in Crores)

Quarter Ended 30-09-2026:

  • Revenue from operations: ₹463.09
  • Total income: ₹463.82
  • Profit before tax: ₹15.23
  • Profit after tax: ₹11.05
  • EPS (Basic & Diluted): ₹2.94

Half-Year Ended 30-09-2026:

  • Revenue from operations: ₹891.17
  • Total income: ₹892.91
  • Profit before tax: ₹32.38
  • Profit after tax: ₹23.18
  • EPS (Basic & Diluted): ₹6.16

Balance Sheet Position (as at 30-09-2026)

Standalone (₹ in Crores)
  • Total assets: ₹1,703.45
  • Total equity: ₹1,507.51
  • Total liabilities: ₹195.94
Consolidated (₹ in Crores)
  • Total assets: ₹1,995.48
  • Total equity: ₹1,512.25
  • Total liabilities: ₹483.23

Cash Flow Statement (Half-Year Ended 30-09-2026)

Standalone (₹ in Crores)
  • Net cash used in operating activities: ₹(59.13)
  • Net cash used in investing activities: ₹(6.04)
  • Net cash from financing activities: ₹42.04
  • Net decrease in cash: ₹(23.13)
Consolidated (₹ in Crores)
  • Net cash used in operating activities: ₹(48.63)
  • Net cash used in investing activities: ₹(8.99)
  • Net cash from financing activities: ₹40.22
  • Net decrease in cash: ₹(17.40)

Auditor's Limited Review

BSR & Co., Chartered Accountants, issued unmodified limited review reports for both standalone and consolidated financial results. The review was conducted in accordance with SRE 2410 and SEBI regulations.

Segment Information

The Group operates in a single segment - "Foods" - as reviewed by the Chief Operating Decision Maker.

Key Notes to Financial Results

1. ESOP Grants: During the period ended September 30, 2026, the Parent Company granted 154,367 employee stock options to eligible employees (exercise price ₹515 and ₹636 per option). The Group recognized share-based payment expense of ₹5.52 crores for Q2 FY27 and ₹10.26 crores for H1 FY27.

2. Expense Reclassification: During Q4 FY26, the Group reassessed the classification of certain promotional expenses. Amounts payable to customers towards promotional activities have been presented as a deduction from revenue:

  • Standalone: ₹0.66 crores (Q2 FY27) and ₹1.33 crores (H1 FY27)
  • Consolidated: ₹1.24 crores (Q2 FY27) and ₹2.43 crores (H1 FY27)

3. Subsidiaries: The consolidated results include the following subsidiaries:

  • Sundrop Foods India Private Limited (India)
  • Agro Tech Foods (Bangladesh) Pvt. Ltd (Bangladesh)
  • Sundrop Foods Lanka (Private) Limited (Sri Lanka)
  • Del Monte Foods Private Limited (India)
  • Del Monte Foods India (North) Private Limited (India)
  • Agro Tech ESOP Trust (India)

Meeting Details

The Board meeting commenced at 01:28 PM and concluded at 05:05 PM (IST) on 05th November 2026.