Packaged Foods company Hindustan Foods announced Q3FY25 results Total Income increased by 21% to Rs 886 crore in Q3FY25 from Rs 730 crore in Q3FY24. EBITDA increased by 37% to Rs 79 crore in Q3FY25 from Rs 58 crore in Q3FY24. PBT increased by 35% to Rs 39 crore in Q3FY25 from Rs 29 crore in Q3FY24. PAT increased by 30% to Rs 29 crore in Q3FY25 from Rs 22 crore in Q3FY24. Sameer R. Kothari, Managing Director said: “Our strategic diversification in specific growth segments like the ice cream, OTC Pharma, Beverages and footwear has started yielding some encouraging results despite the persistent slowdown in FMCG sector. I am encouraged by the performance of our OTC division in Baddi which has resumed normal production. Additionally, we have identified one more customer for the site and expect to start production by Q1FY26. In terms of our ice cream business, we continue to remain optimistic and are confident that under the leadership of Mr. Manoj Patani, our new head of business, we should be able to grow this division substantially in the next 2-3 years. Manoj, a chemical engineer from ICT, Mumbai has completed his post-graduation in marketing from ISB, Hyderabad and has more than 19 years of experience. We continue to see improvement in our shoe business. While it is not completely out of the woods yet, we do believe that we are on the right path. With the Government announcing in the recent Budget that the footwear industry is a key focus area and with the stabilizing of the North factories and the ramping up of the South factories, we believe that the time is right to further expand our presence in this industry. As far as beverages is concerned, we have further solidified our presence by commencing the production of DOY packs for an existing beverage customer. Additionally, we have successfully integrated our newly acquired bottled water plant located in Orissa. We are witnessing a seasonal uptick in demand, particularly in the Beverages and Ice Creams segment, which should help drive strong growth in the next two quarters. These initiatives reflect our proactive approach to driving growth amidst market headwinds, and we remain confident to increase our gross block to more than Rs. 1,800 crore by FY26.” Mayank Samdani, Group CFO said: “The revenue for Q3FY25 was stable on QoQ basis but showed an increase on YoY basis owing to the revenue generated by the Baddi factory and the shoe business which was not a part of the FY24 numbers. However, the profit for the quarter showed a substantial improvement on a QoQ basis and YoY basis since the Baddi factory has now started contributing positively and the integration of the shoe factory is progressing as per expectations. On the capital front, the company has converted the warrants totaling INR 120 crore at the end of December which we expect to deploy in the new projects in the coming quarters. With the shoe business nearing profitability and new projects ramping up across the company we are confident of growth and delivering profits as we go ahead.” Manoj Patani, President, Ice Cream Division said: “We are thrilled with the momentum in our Ice Cream business as we gear up for the upcoming season. The Indian Ice Cream industry is experiencing remarkable growth, with the market valued at Rs. 228.6 billion in 2023 and projected to expand at a CAGR of 17.23%, reaching Rs. 956 billion by 2032. This growth is driven by rising disposable incomes, evolving consumer preferences, expanding modern retail, increasing urbanization, and the impact of heat wavesthat have significantly boosted Ice Cream consumption. With a strong focus on expansion and capacity enhancement, we are confident in our ability to capitalize on this thriving market and further strengthen our position. As part of our growth strategy, we had started a greenfield project in Nashik and I am confident that the Rs. 185 crore project is set for commercialization in April 2025. Result PDF