Sundrop Brands Limited has informed the Exchange regarding Outcome of Board Meeting held on May 19, 2025.
SUNDROP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Sundrop Brands' Board, at its May 19, 2025 meeting, approved audited Q4 and FY25 results (standalone and consolidated) with an unmodified opinion from statutory auditors B S R and Co. Standalone FY25 revenue grew 4.6% YoY to ₹793 Cr, but the company reported a net loss of ₹111 Cr versus a ₹10 Cr profit in FY24, mainly due to a ₹136 Cr one-time impairment charge. Consolidated revenue rose ~18% to ₹899 Cr with a net loss of ₹110 Cr, boosted by the first two months of Del Monte Foods (acquired Feb 6, 2025). The company will phase out Chocolate and Potato-based products and shelve the Wafer launch, leading to a ₹65 Cr PPE impairment; three plants (Jhagadia, Unnao, Chittoor) saw an additional ₹71 Cr impairment for under-utilized capex. The Del Monte deal added ₹104 Cr in revenue and ~₹582 Cr in goodwill, with 1.33 Cr new equity shares allotted to DMFPL shareholders at ₹975.5 per share.
The sharp swing to a net loss and large one-time impairment are likely to pressure the stock in the near term, though management frames the non-core product exits as strategic cleanup. Longer term, the Del Monte integration and indirect takeover by Zest Holding Investments are the key value drivers for shareholders to track.