Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, please find enclosed herewith Transcript of the Earnings call for Q4 & FY 2025-26
ADFFOODS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
ADF Foods delivered a strong Q4 FY26 with consolidated revenue at an all-time high of INR 196.7 crores, up 23.7% YoY. Full-year consolidated revenue reached INR 683.2 crores with EBITDA margins expanding 240 bps to 19.1%. The company is net debt-free with INR 78.2 crores cash surplus and recommended 60% dividend. Key growth drivers include volume growth (60-65% of total growth), improved product mix, and deeper market penetration. The Ashoka brand continues strong momentum while Truly Indian has won industry awards and expanded to ~3,000 U.S. stores across Costco, Whole Foods, and other chains. The Surat greenfield facility commenced operations in March 2026 with Phase 2 expected in Q3 FY27. Management guided FY27 revenue of INR 925-1,000 crores, contingent on Middle East geopolitical situation stabilizing. Ashoka is expected to grow 30-35% and Truly Indian to reach INR 75-80 crores.
Strong margin expansion and volume-driven growth signal operational efficiency gains. However, ~15% revenue exposure to Middle East (impacted 80-85% due to shipping disruptions) creates near-term uncertainty. The Surat facility ramp-up and Truly Indian mainstream expansion provide multi-year growth visibility.