Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, please find enclosed herewith the Transcript of the Earnings Call for Q1 & FY 2025-26.
ADFFOODS · price
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ADF Foods reported Q1 FY26 consolidated revenue of INR 132.9 crores, up 9.3% year-on-year, with EBITDA growing 20% to INR 23.5 crores and EBITDA margin expanding 160 basis points to 17.7%. Net profit was INR 15.2 crores, up 5.9% YoY. The company is net debt-free with INR 95 crores in net cash. Management highlighted new retail listings at Costco in the US and Australia, and an additional ~150 stores at Tesco in the UK, with products expected on shelves from September-October. The Surat Greenfield plant (INR 90 crore capex, 10,000 metric ton capacity) is on track to start operations in H2 FY26. Management reiterated its INR 1,000 crore revenue target for FY27 and said ad spend as a percentage of sales should reduce from 7-8% currently to about 5% as the business scales, supporting margins.
Strong margin expansion and confirmed new retail listings at major chains like Costco and Tesco are positive for growth visibility, while the FY27 revenue target of INR 1,000 crores gives a clear multi-year runway. US tariff uncertainty remains the key overhang, but management indicated it can pass on a significant portion of any tariff impact across the value chain.