Foods & Inns Limited has informed the Exchange about Transcript
FOODSIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Foods & Inns held its Q1 FY26 earnings call on August 18, 2025. Q1 margins dipped because the product mix shifted toward lower-margin items like chili, garlic, and a cheaper mango variety. Management cautioned that the earlier revenue target of Rs 1,800 crore by FY27 is at risk because the company follows a cost-plus pricing model, so lower raw material prices reduce the topline even as absolute gross profit grows. Tomato-based product sales are expected to nearly double from Rs 75-80 crore to Rs 130-140 crore this year, supported by expanded capacity. Volume growth of around 20% is targeted internally. Working capital deployment per tonne is expected to fall sharply as Totapuri mango prices have crashed from Rs 27/kg to Rs 8/kg, which should help reduce debt from the current Rs 427 crore level. Management declined to give percentage margin guidance, citing the cost-plus model.
Shareholders should note that revenue growth will look muted on paper due to the pass-through pricing model, but lower working capital needs, expanding tomato volumes, and an expected 20% volume growth should support absolute profit and cash flow improvement. The FY27 Rs 1,800 crore revenue target is now in doubt, which may temper near-term valuation expectations.