KRISHIVAL FOODS LIMITED

Operates two branded food platforms in India and Singapore: nuts and dry fruits under the Krishival brand sold through general trade retailers, and ice creams under the Melt N Mellow brand distributed to retailers via a company-placed deep freezer network. For FY26 (year ended 31 March 2026), the Nuts and Dry Fruits segment contributed Rs 202.452 crore of revenue (69.2% of segment revenue, Rs 25.8325 crore EBIT) and Ice Creams contributed Rs 90.2204 crore (30.8%, Rs 5.8244 crore EBIT), with consolidated revenue of Rs 292.6724 crore and an EBITDA margin of 13.35%. Operations span 189 ice cream SKUs and 67 nuts SKUs, with a geographic footprint covering 300+ Indian towns and 300+ outlets in Singapore. The ice cream business is run through subsidiary Melt N Mellow Foods Private Limited, whose turnover grew from Rs 37.28 crore in FY24 to Rs 90.22 crore in FY26. The cost base is dominated by raw materials at 71.1% of revenue, followed by other operating expenses at 17.0%, employees at 4.1% and depreciation at 2.5%, with capex at 9.7% of revenue funding nuts processing and cold-chain expansion. Customers are Indian general trade retailers reached via the company's deep freezer fleet for ice cream, Singapore retailers for the nuts brand, and a planned franchise-owned, company-operated Mellow & Co. ice cream parlour rollout in Mumbai and Pune from July-August FY27.