BSE: 532070
GUJJUBHAI INDUSTRIES LIMITED
A packaged foods company in India's FMCG sector, operating under the Gujjubhai brand (formerly Sumuka Agro Industries). The business sells snacks, with stated strategic plans to scale healthy and millet-based products and expand pan-India distribution. FY26 revenue was Rs 127.07 crore, up 103.98% YoY from FY25, with net profit of Rs 5.18 crore, a net margin of 4.08%, EBITDA margin of 6.06%, and ROCE of 17.04%. The company absorbed Gujjubhai Foods Private Limited during FY26 following NCLT approval in February 2026, lifting promoter holding from 27.71% to 63.75% and increasing paid-up capital to Rs 20.92 crore. It availed cash credit and term loan facilities totalling Rs 24.17 crore from Axis Bank and increased its SBI cash credit limit to Rs 5.93 crore. Reported FY26 cost items in the pack are employee cost at 0.8% of revenue, other operating expenses at 0.7%, and depreciation at 0.4%. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Packaged foods and snacks. Growth-stage packaged snacks business with very high recent revenue growth
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1 | 28 | 55 | 62 | 127 |
| EBITDA (ex other income) | 0 | 3 | 6 | 4 | 8 |
| margin % | 24.1 | 11.2 | 10.1 | 6.4 | 6.1 |
| Owners' profit | 0 | 2 | 4 | 3 | 5 |
| EPS, as reported (₹) | 0.86 | 3.26 | 5.99 | 3.85 | 2.48 |
| ROE % · ROCE % | 13.1 · 10.1 | 25.3 · 32.1 | 31.7 · 37.1 | 16.9 · 22.2 | 12.8 · 17.0 |
| Debt / equity (x) | 0.34 | 0.06 | 0.04 | 0.28 | 0.16 |
| Cash from operations | (0) | (3) | (2) | (4) | (1) |
| Capex | (0) | (0) | (0) | 0 | (0) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 13 | 15 | 17 | 18 | 20 | 21 | 21 | 40 |
| Profit before tax | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 |
| Net profit | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 |
| EPS (₹) | 1.65 | 0.90 | 1.00 | 0.95 | 1.16 | 1.05 | 1.08 | 0.85 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| NESTLE INDIA LIMITED | 2,27,636 | 59.7 | 44.14 | 41.4 | 67.9 | 54.7 | — | 24.4 |
| BRITANNIA INDUSTRIES LTD | 1,09,850 | 42.2 | 21.39 | 29.4 | 49.4 | 59.8 | 7.8 | 18.0 |
| ZYDUS WELLNESS LIMITED | 15,003 | 79.7 | 2.58 | 38.0 | 3.4 | 2.4 | 16.2 | 17.1 |
| BIKAJI FOODS INTERN LTD | 11,647 | 45.0 | 6.82 | 25.8 | 14.9 | 18.3 | — | 15.3 |
| BOMBAY BURMAH TRADING COR | 8,182 | 6.3 | 0.85 | 2.3 | 26.0 | 33.5 | 7.8 | 17.7 |
| MRS BECTORS FOOD SPE LTD | 5,689 | 19.3 | 4.48 | 20.0 | 11.1 | 13.1 | 18.3 | 14.7 |
| GOPAL SNACKS LIMITED | 3,031 | 36.1 | 6.33 | — | 15.4 | 19.4 | — | 7.6 |
| ADF FOODS LIMITED | 2,626 | 28.6 | 4.59 | 17.9 | 15.7 | 18.8 | 13.1 | 18.4 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 18.4 | 29.2 | 12 of 38 | 70% |
| P/B | 3.9 | 2.7 | 21 of 34 | 39% |
| ROCE | 15.6 | 7.4 | 13 of 40 | 69% |
| ROE | 12.8 | 7.7 | 12 of 34 | 67% |
| Debt / Equity | 0.2 | 0.1 | 18 of 33 | 47% |
| EBITDA margin | 8.8 | 9.9 | 18 of 33 | 47% |
| Revenue growth | 126.3 | 14.1 | 4 of 36 | 91% |
| Profit growth | 165.0 | 14.1 | 8 of 33 | 78% |
| Market cap | 159 | 100 | 20 of 43 | 55% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 13 Oct 2026 · Company organised Gujarati cultural and food event in Bengaluru | business updates | low | — | — |
| 7 Oct 2026 · Quarterly dematerialisation certificate filed for Q2 FY27 | compliance | minimal | — | — |
| 3 Oct 2026 · AGM Results: 10 Resolutions Passed Including CGPL Acquisition and Share Swap | board shareholder meetings | low | — | — |
| 30 Sept 2026 · 37th AGM held; key resolutions include acquisition of Cafe Gujjubhai | board shareholder meetings | low | — | — |
| 23 Sept 2026 · Trading window closed from Oct 1 for Q2 results declaration | compliance | minimal | — | — |
| 19 Sept 2026 · Book closure from Sep 24 to Sep 30, 2026 for 37th AGM | corporate actions | low | — | — |
| 11 Sept 2026 · Chairman and MD Paresh Thakker resigns; updated disclosure filed | management changes | high | — | — |
| 11 Sept 2026 · Updated disclosure on director Bhavin Mehta's resignation | management changes | high | — | — |
| 10 Sept 2026 · Newspaper publication of 37th AGM notice | compliance | minimal | — | — |
| 10 Sept 2026 · Promoter group to acquire 0.94% stake via preferential allotment | ownership changes | high | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.