NSE: SUNDROP · BSE: 500215
SUNDROP BRANDS LIMITED
Sells packaged foods and edible oils under the Sundrop, Act II and Del Monte brands. The portfolio splits on a standalone basis between processed foods (60%) and edible oils (40%), with processed foods covering popcorn, culinary pastes, premium staples, peanut butter, breakfast cereals and Italian products, and edible oils covering refined oils and olive oil. Operations span 6 manufacturing plants, and the Bizom sales force automation platform covers 4.75 lakh retail outlets, with e-commerce revenue growing 35% and B2B revenue growing 12% in FY26. The Del Monte business was acquired in February 2025 and is being integrated, with wholly-owned subsidiaries Del Monte Foods (FY26 turnover INR 670.27 crore) and Del Monte Foods North (INR 83.29 crore) now being merged under a fast-track amalgamation. Materials and packaging form the largest input cost at 54.3% of revenue, reflecting exposure to oilseeds and agricultural commodities. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Processed foods (60%), Edible oils (40%). Multi-brand packaged foods and edible oils platform with combined B2C and B2B channels
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 917 | 850 | 760 | 899 | 1,549 |
| EBITDA (ex other income) | 56 | 45 | 37 | (120) | 59 |
| margin % | 6.1 | 5.3 | 4.9 | (13.4) | 3.8 |
| Owners' profit | 26 | 11 | 10 | (111) | 21 |
| EPS, as reported (₹) | 10.87 | 6.29 | 4.29 | (41.72) | 5.34 |
| ROE % · ROCE % | 5.6 · 7.7 | 3.1 · 4.6 | 2.1 · 3.3 | (7.6) · (9.3) | 1.4 · 1.8 |
| Debt / equity (x) | 0.08 | 0.11 | 0.07 | 0.00 | 0.00 |
| Cash from operations | (30) | 22 | 63 | 84 | 31 |
| Capex | (30) | (41) | (37) | (21) | (18) |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 206 | 208 | 304 | 372 | 383 | 407 | 387 | 428 |
| Profit before tax | 0 | 5 | (151) | 6 | (4) | 12 | 13 | 17 |
| Net profit | 0 | 4 | (114) | 4 | (2) | 8 | 10 | 12 |
| EPS (₹) | 0.02 | 1.61 | (43.30) | 1.15 | (0.56) | 2.13 | 2.61 | 3.22 |
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. % |
|---|---|---|---|---|---|---|---|---|
| MARICO LIMITED | 1,00,055 | 52.8 | 22.26 | 39.5 | 40.3 | 38.1 | 11.1 | 21.9 |
| PATANJALI FOODS LIMITED | 40,393 | 20.5 | 3.08 | 24.6 | 13.9 | 10.3 | — | 4.8 |
| AWL AGRI BUSINESS LIMITED | 21,415 | 18.5 | 2.05 | 8.2 | 10.0 | 11.1 | — | 3.8 |
| GOKUL AGRO RESOURCES LTD | 6,128 | 11.8 | 4.31 | 9.1 | 26.0 | 26.9 | 23.5 | 4.1 |
| CIAN Agro Ind & Infra Ltd | 2,551 | 7.9 | 1.15 | 7.2 | 10.0 | 7.7 | 53.1 | 32.3 |
| SUNDROP BRANDS LIMITED ◆ | 2,394 | 85.8 | 1.62 | 38.2 | 1.4 | 1.7 | — | 6.1 |
| Shri Venkatesh Refineries Limi | 1,659 | 33.5 | — | — | — | 22.2 | — | — |
| KN AGRI RESOURCES LIMITED | 472 | 10.5 | 1.23 | 8.6 | 8.2 | 11.4 | — | 4.3 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 85.8 | 17.6 | 27 of 28 | 4% |
| P/B | 1.6 | 1.2 | 15 of 25 | 42% |
| ROCE | 1.7 | 7.4 | 28 of 30 | 7% |
| ROE | 1.4 | 8.2 | 23 of 25 | 8% |
| Debt / Equity | 0.0 | 0.2 | 1 of 25 | 79% |
| EBITDA margin | 6.1 | 4.4 | 9 of 26 | 68% |
| Revenue growth | 15.0 | 5.0 | 9 of 25 | 67% |
| Profit growth | 181.4 | 27.1 | 5 of 23 | 82% |
| Market cap | 2394 | 104 | 6 of 31 | 83% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 5 Oct 2026 · RTA compliance certificate for dematerialisation, Q2 FY27 | compliance | minimal | — | — |
| 30 Sept 2026 · Newspaper ad on SEBI special window for physical share transfer | compliance | minimal | — | — |
| 30 Sept 2026 · Sundrop Brands gets GST show cause notice demanding around Rs 26.38 crore | regulatory legal | medium | — | — |
| 25 Sept 2026 · Trading Window closure from Oct 1, 2026 for Q2 results | compliance | minimal | — | — |
| 16 Sept 2026 · Sundrop Brands gets CRISIL ESG rating of 56, rated Adequate | business updates | medium | — | — |
| 3 Sept 2026 · Fatal accident at Del Monte subsidiary's Hosur factory; pizza sauce line halted | capex operations | high | — | — |
| 27 Aug 2026 · 39th AGM voting results: All 4 resolutions approved with 99.99 percent majority | board shareholder meetings | low | — | — |
| 26 Aug 2026 · Sundrop Brands 39th AGM: All 4 Resolutions Approved | board shareholder meetings | medium | — | — |
| 24 Aug 2026 · Analysts and investors one-on-one meet scheduled on August 31, 2026 | board shareholder meetings | low | — | — |
| 10 Aug 2026 · Sundrop Brands Q1 FY27: 15% revenue growth, guides 12% EBITDA margin by FY30 | investor communications | medium | — | — |
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.