Sundrop Brands Limited has submitted to the Exchange, the financial results for the period ended March 31, 2025.
SUNDROP · price
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Sundrop Brands (formerly Agro Tech Foods) reported FY25 consolidated revenue of ₹898.87 Cr, up ~18% from ₹759.67 Cr in FY24, helped by the acquisition of Del Monte Foods Pvt Ltd (DMFPL) in Feb 2025 which contributed ₹104.44 Cr in just two months. Standalone revenue grew modestly to ₹792.95 Cr from ₹758.23 Cr. However, the company swung to a consolidated net loss of ₹109.89 Cr (standalone loss of ₹110.72 Cr) from a profit of ₹10.41 Cr last year, mainly due to a ₹136 Cr impairment provision — ₹65 Cr for discontinuing Chocolate, Potato chips and Wafer products, and ₹71 Cr for three plants (Jhagadia, Unnao, Chittoor). Control of the company changed hands during the year, with Zest Holding Investments acquiring 100% of the promoter entity CAG-Tech (Mauritius). B S R and Co issued an unmodified audit opinion, taking over from the predecessor auditor who audited FY24.
The large one-time impairment and a net loss year may put short-term pressure on the stock, but the discontinued product lines had minimal revenue/profit contribution. The Del Monte acquisition brings scale and brand strength, which could support growth in FY26 if integration goes smoothly. The auditor change and control change are governance events investors should monitor.