Packaged Foods company ADF Foods announced Q4FY24 & FY24 results: Standalone Revenue for the quarter was Rs 129.0 crore registering a growth of 31.3% on a YoY basis. EBITDA stood at Rs 31.8 crore, with margin of 24.7%. PAT grew on a yearly basis by 24.7% to reach Rs 25.3 crore at a margin of 19.6% In Q4FY24, on a consolidated basis revenue grew by 24.8% YoY to Rs 153.6 crore. EBITDA stood at Rs 34.3 crore, with margin of 22.3%. PAT grew on a yearly basis by 55.7% to reach Rs 25.0 crore at a margin of 16.3% For FY24, standalone and consolidated revenue registered a growth of 17.2% YoY and 15.6% YoY to Rs 414.1 crore. and Rs 520.3 crore. respectively. Standalone and consolidated PAT increased by 32.7% and 32.1% YoY to Rs 79.6 crore. and Rs 73.8 crore respectively Commenting on the Results, Bimal Thakkar – Chairman & Managing Director said, “We recorded our best ever quarter in terms of revenue as well as profitability metrics on a standalone and consolidated basis led by increasing volumes and better product mix. Our revenues also surpassed the Rs 500 crore milestone in FY24 on a consolidated basis. On a standalone basis, we have nearly doubled our EBITDA and PAT over the past 2 years, a testament to the operating leverage playing out on a sustained basis. We continued to witness strong demand across all our brands. Our flagship ‘Ashoka’ brand saw continued addition of new products and launch in new markets as well as increased penetration in existing markets. We continue to be bullish in terms of our outlook in FY25 and expect revenue growth to be upwards of 20%. Overall, we are excited about the future potential of our business and remain focused to achieving healthy and sustainable growth in future.” Result PDF