Sundrop Brands Limited has informed the Exchange about Investor Presentation
SUNDROP · price
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Sundrop Brands (formerly Agro Tech Foods) shared its Q3 FY26 investor presentation, reflecting a full quarter of Del Monte consolidation following the February 2025 acquisition. Proforma consolidated revenue grew 10% to INR 407.5 Cr in Q3, while proforma EBITDA jumped 80% to INR 29.5 Cr with margin expanding from 4.4% to 7.2%. YTD FY26 revenue rose 10% to INR 1,162.9 Cr with 41% EBITDA growth and margin improving to 5.3% from 4.1%. Gross margin expanded 330 bps in Q3 and 230 bps YTD, aided by cost programs in packaging, manufacturing, and logistics. Core categories like Popcorn (+18% YTD value) and Culinary drove growth, while Spreads remained weak and Italian saw volume growth (+34%) on olive oil price cuts. The company remains debt-light with INR 1,463 Cr net worth, INR 20.2 Cr free cash, and INR 21.5 Cr borrowings, with 70+ new launches contributing INR 55 Cr (~5% of sales).
Margin improvement is the standout takeaway, with EBITDA margins expanding meaningfully on a proforma basis driven by deliberate cost programs and operational leverage. However, year-to-date EBITDA margin of 5.3% remains modest, Spreads remains under pressure, and heavy advertising/promotion spends (+37% YTD) suggest the company is still investing aggressively for growth rather than near-term profit maximisation.