New Research Reports

IPO Note

Agro-tech Foods Ltd reported a ~8% Y-o-Y and Q-o-Q topline growth on account of increase in sales volumes (especially foods business) during the quarter. EBITDA grew by 9% Y-o-Y to `159mn in Q3FY21 from `146mn in Q3FY20 and EBITDA...

Agrotech Foods Ltd reported a 12% YoY and QoQ increase in topline growth on account of increase in sales volumes (especially foods business) during the quarter. However, EBITDA degrew by 11% YoY to `165mn from `186mn led by higher operating costs while operating margins reduced by 186bps to 7.2% in Q2FY21. Drop in EBITDA and EBITDA margins was due to RM inflation in edible oil basket, higher advertising spends and other expenses. PAT degrew by 42% to `89mn and PAT margins dropped to 3.9% over the same period on the back of lower operating profit and other income. Other Income saw a...

Affiliated to ConAgra Foods Inc, one of world's largest food companies, Agro Tech Foods Ltd (ATFL) is engaged in the business of marketing food and food ingredients to retail and institutional customers. The company operates in three segments: Sourcing and Institutional Business, Branded Foods and Others. Sourcing and Institutional Business segment includes oils and agricultural raw materials procurement, crystal and rath bulk packs, the seed buying and processing operations, food service and poultry feed ingredients. The Branded...

Agro Tech Foods Limited is engaged in the business of marketing food and food ingredients to consumers and institutional customers. The Company offers its products under various categories, which include edible...

EBITDA growth beat our/consensus estimates on lower advertising/staff costs Key highlights: In Q1FY17, value growth in SunDrop/Crystal/peanut butter/bag snacks/ready to cook was 9%/-2%/16%/32%/6% and volume growth was 5%/-10%/16%/7%/7% for the same. In the Foods portfolio, consumer business (includes read to eat, extruded snacks, tortilla and peanuts) grew by 14% yoy and vending business fell 61% yoy on higher competitive activity. Foods currently accounts for 22-23% of total turnover. In Q1FY17, Ready to cook/ready to eat/peanut butter/vending business contributed Rs...

Overall Foods portfolio (non-institutional) has started gaining momentum with value growth in Q1/Q2/Q3/Q4 being by 5%/8%/16%/18% respectively Gross profit (including manufacturing overheads) was flat as per management; EBITDA...

Revenue growth continued to be sluggish for ninth consecutive quarter and was below our and consensus' expectations While SunDrop growth improved marginally, sluggish growth in Foods and significant...

Agro Tech Foods (ATFL) reported Q4FY15 results showed another quarter of weak performance. In Q4FY15, while the edible oils category showed a marginal growth after decline in last few quarters, the highly promising Foods category saw flattish sales on account of lower Ad spends....