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ADF Foods Ltd.

08 Aug 2023

209.54

-3.90%

to see Rapid results content

ADF Foods Ltd.

09 May 2023

209.54

-3.90%

ADF Foods Standalone March 2023 Net Sales at Rs 98.22 crore, up 19.14% Y-o-Y

Moneycontrol

ADF Foods Ltd. is trading below all available SMAs

ADF Foods Consolidated March 2023 Net Sales at Rs 123.11 crore, up 13.83% Y-o-Y

Moneycontrol | 09 May 2023

ADF Foods Ltd.

08 May 2023

209.54

-3.90%

ADF Foods' net profit increases by 72% to Rs 20 cr in March quarter

Business Standard

FMCG company ADF Foods Ltd on Monday reported a 72 per cent rise in its standalone profit after tax to Rs 20.30 crore for the March 2023 quarter on account of higher revenues. It had reported a PAT of Rs 11.80 crore for the year-ago quarter, the company said in a statement. The company's revenue from operations surged 19 per cent to Rs 98.2 crore from Rs 82.4 crore in January-March FY22. The board has recommended a dividend of Rs 5 per share for the financial year ended March 31, 2023. On a business update, ADF Foods said its greenfield expansion plan for frozen food capacity is expected to kick off in the second quarter of FY24 and be complete in 12-18 months. ADF Foods Chairman & Managing Director Bimal Thakkar said, "Our flagship brand Ashoka remains a top Indian food brand in stores across the US, UK and Asia Pacific, thanks to our dedication towards traditional recipes and high-quality ingredients. Our planned expansion in Surat will unlock further frozen food production...