Chairman''s Letter to the Shareholders
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The Chairman presented Q1 FY 2025-26 results, noting revenue from operations of ₹31,022 lakh (₹310.22 crore) with improved sales momentum despite market headwinds. The company has completed ₹21.50 crore in payments toward its One-Time Settlement (OTS), fulfilling 50% of the additional ₹43 crore obligation — a key step in restoring fiscal credibility. Installation of a new Frozen French Fries line is on track for December 2025, positioning the company for the February 2026 potato season and both domestic and export demand. New US tariffs have disrupted export economics, but US customers are absorbing the impact in phases, while management is pushing to rebuild India retail/foodservice presence and diversify into other global markets.
For shareholders, the OTS milestone and capacity expansion signal a credible turnaround path, though the recovery is still early. The stock may find support from debt-reduction progress and the new revenue line-up, but near-term results remain vulnerable to tariff and demand risks.