Foods & Inns Limited has informed the Exchange about Note to Investors
FOODSIN · price
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Awaiting price reaction for this filing.
Foods & Inns has shared an investor note along with its Q3 FY'26 results. Sales value dropped 18% YoY to Rs 145 crore in Q3, even though sales volumes were almost flat at 14,616 MT (down 0.6% YoY). The decline in value was due to average realisations falling around 16.5% YoY as the company sold inventory made from cheaper 2025 crop raw materials, with pricing being a pass-through and no structural hit to gross margins. For the 9M period, volumes grew 11% to 65,391 MT while revenue dipped 2% to Rs 559 crore. On the growth side, the frozen foods business surged with volumes up ~35% YoY in Q3 and the company onboarding two new large airline customers. The company is also expanding spray-drying capacity by 120 MTPA with a ~Rs 2.5 crore investment and has filed its FY'25 PLI incentive claim with the Food Processing Ministry, awaiting disbursement.
Near-term revenue looks soft because of US tariff-led deferred orders and lower realisations, but volume growth, strong frozen-food momentum, and capacity expansion point to a healthier setup once raw material and tariff headwinds ease. Shareholders should watch for PLI receipt and recovery in US demand as the next triggers.