ADF Foods News and Updates

Packaged Foods company ADF Foods announced Q1FY25 results: Financial Highlights: Standalone Revenue for the quarter was Rs 97.0 crore registering a growth of 14.7% on a YoY basis. EBITDA stood at Rs 22.8 crore, with margin of 23.4%. PAT grew on a yearly basis by 4.6% to reach Rs 17.1 crore at a margin of 17.7% In Q1 FY25, on a consolidated basis revenue grew by 8.1% YoY to Rs 121.6 crore. EBITDA stood at Rs 19.6 crore, with margin of 16.1%. PAT stood at Rs 14.4 crore at a margin of 11.8% Operational Highlights: The flagship brand ‘Ashoka’ saw continued addition of new products as well as increased penetration in existing markets. The Company’s India focused ‘SOUL’ brand is doing a strategic expansion into additional quick commerce chains & modern trade, set to energize the market in second half of FY25. ‘Truly Indian’ brand – It has been recently listed in various supermarkets in the US and is available online on Amazon as well. It expanded into new product categories including frozen breads, snacks, wraps, Ready To Eat curries and rice. Commenting on the Results, Bimal Thakkar – Chairman & Managing Director said, “Our consolidated revenues increased by 8.1% to Rs 121.5 crore on a YoY basis. We consider this as a decent growth despite lost sales in June due to unavailability of containers. We generally see the Q1 as a seasonally stable quarter, with growth picking up in H2 of the financial year. We continue to witness strong demand across all our brands. Our flagship brand, Ashoka, saw continued addition of new products as well as increased penetration in existing markets. Our India focused ‘SOUL brand’ expansion is going as per plan and seeing traction. Further, we are gearing up for a strategic expansion into additional quick commerce chains & modern trade, set to energize the market in second half of FY25. Our global mainstream ‘Truly Indian’ brand expansion is on schedule and seeing increasing engagement amongst customers. It has been newly listed in several supermarkets as well as in the online format. It expanded into new product categories including frozen breads, snacks, wraps, Ready To Eat curries and rice. The core business continues to grow in double digits and we will make investments in our SOUL brand as well as the Truly Indian brand. We expect these investments to yield returns in the future. Overall, we are excited about the future potential of our business and remain focused to achieving robust and enduring growth going forward.” Result PDF

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