Key Financial Figures

Q4FY26 Performance (₹ Crore)

  • Revenue from Operations: ₹40.45 crore (vs. ₹39.14 crore in previous period, +3.35% YoY)
  • EBITDA: ₹4.56 crore (vs. ₹2.64 crore, +73.16% YoY)
  • EBITDA Margin: 11.28% (vs. 6.73%, +455 bps)
  • Profit After Tax (PAT): ₹2.99 crore (vs. ₹0.68 crore, +341.12% YoY)
  • PAT Margin: 7.39% (vs. 1.74%, +552 bps)

FY26 Annual Performance (₹ Crore)

  • Revenue from Operations: ₹237.73 crore (vs. ₹92.78 crore in FY25, +156.23% YoY)
  • EBITDA: ₹7.76 crore (vs. negative EBITDA of ₹5.66 crore in FY25)
  • EBITDA Margin: 3.23% (not applicable for comparison with FY25)
  • Profit After Tax (PAT): ₹1.31 crore (vs. loss of ₹13.69 crore in FY25)
  • PAT Margin: 0.55%

Management Commentary

Mrs. Sheetal Bhalerao, Chairperson and Managing Director, stated that FY26 marked a significant turnaround driven by:

  • 156.2% revenue growth to ₹237.73 crore
  • Return to profitability from loss of ₹13.69 crore in FY25
  • Improved operating leverage and cost efficiencies
  • EBITDA improvement to ₹7.76 crore from negative ₹5.66 crore in FY25
  • EBITDA margin expansion to 3.26%

Strategic Initiatives and Expansion Plans

  • QuikShef brand: Gaining traction across domestic retail and HORECA channels
  • International expansion: Europe, CIS region, and Africa markets
  • Manufacturing facilities:
  • Upcoming 88,000 sq. ft. facility at Bhor, Pune with 7,000 TPA capacity for sauces, mayonnaise and condiments
  • Por, Vadodara facility expansion from 5 TPD to 15 TPD

Growth Targets

  • 3-year revenue CAGR target: 25%
  • EBITDA margin target: 12–15%

Industry Context

  • Global Ready-to-Eat and Frozen Foods market: ~USD 190 billion, growing at 7–9% CAGR
  • Global Sauces, Mayonnaise and Condiments market: ~USD 183 billion, growing at 5–6% annually
  • Supported by government PLI scheme for food processing
  • Company certifications: FSSAI, BRCGS, HALAL, USFDA, FSSC 22000

Company Overview

  • BSE Code: 539132 (WARDWIZ)
  • Flagship brands: QuikShef (Ready-to-Eat, Frozen Foods, Sauces, Condiments) and WOL (energy drinks and beverages)
  • Distribution: 15+ States and Union Territories in India, 5+ international markets (USA, UAE, Europe, CIS, Africa)
  • Headquarters: Vadodara, Gujarat
  • Manufacturing: Por, Vadodara facility with retort processing and IQF technology