Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, attached herewith transcript of Investor/Analyst meet.
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Chatha Foods, a B2B supplier of processed chicken and meat products to QSR chains (Subway, Domino's, Burger King, Taco Bell, etc.), held an investor meeting with Swyom India Alpha Fund. Management shared that current chicken capacity stands at 6,000 metric tons annually, running at 420-450 MT/month (around 84-90% utilization), with average selling price of INR330-340/kg. The company is setting up a new vegetarian facility of ~16,000 MT capacity, expected to be operational by August-September 2025 with a capex of INR40-43 crore. It has also signed a 70-30 JV with Allana Group for a 6,500 MT value-added meat and chicken facility in Aurangabad, targeted to start in October 2025, using the INR20 crore preferential funds. KFC/Yum! onboarding is nearly complete and expected to start in a couple of months, and the company plans to onboard 4 new customers this year. Long-term vision includes 4x revenue growth by FY28-29, and debt is expected to rise by INR12 crore (total exposure ~INR29-30 crore).
Positive near-term signals include KFC onboarding imminence, Allana JV operational by Oct 2025, and clear 4x revenue growth target. However, working capital is stretched (debtor days at 45 vs. target of 40, 90% of INR12.7 crore WC limits utilized), and total debt will increase by INR12 crore for capex. Vegetarian business will only contribute marginally in FY26 (10-15% capacity) and mainly from FY27 onwards.