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Hindustan Foods Results: Latest Quarterly Results & Analysis

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Hindustan Foods Ltd. 12 Nov 2025 18:31 PM
Result PDF

Q2FY26 Quarterly Result Announced for Hindustan Foods Ltd.

Packaged Foods company Hindustan Foods announced Q2FY26 results

  • Total Income increased by 18% to Rs 1,043 crore in Q2FY26 from Rs 886 crore in Q2FY25.
  • EBITDA increased by 24% to Rs 90 crore in Q2FY26 from Rs 73 crore in Q2FY25.
  • PBT increased by 49% to Rs 47 crore in Q2FY26 from Rs 32 crore in Q2FY25.
  • PAT increased by 54% to Rs 35 crore in Q2FY26 from Rs 23 crore in Q2FY25.

Sameer R. Kothari, Managing Director, said: “The company delivered its first-ever quarter with revenues in excess of Rs 1,000 crore, marking a defining milestone in our journey. This performance reflects the first tangible outcomes of the transformation we have been driving across the organization over the past few years.

Over the last four years, we have strengthened our core operations, expanded capacities, diversified into new categories, and built strong partnerships with our customers. These efforts have created a robust platform for sustainable growth in the years ahead.

As we continue to scale, our focus remains on unlocking the full potential of each business vertical through well-defined strategic roadmaps. We are confident that every division within Hindustan Foods has the opportunity to grow manifold and contribute meaningfully to our long-term vision.”

Ganesh Argekar, Executive Director, said: “First half of this year has been marked by strong operational delivery and consistent performance across our businesses. Our results reflect the growing maturity of our operations, the strength of our customer relationships, and our continued emphasis on flawless execution.

We have also made encouraging progress with new business opportunities and long-term partnerships that will further enhance our growth trajectory and expand our market reach. Project timelines across new capacities are progressing well, with continued improvements in productivity and efficiency.

During the first half we have commissioned projects to the tune of ~Rs 200 crore and we will be commissioning another Rs 550 crore worth of projects by March’26.

What continues to define our performance is disciplined execution — the ability to sustain growth while maintaining operational rigour. The progress achieved across the organization reflects the collective focus of our teams and the strength of the systems we have built over time. As we move forward, our priorities remain clear: to deliver dependable performance, scale responsibly, and create enduring value through consistency and operational excellence.”

Mayank Samdani, Group CFO, said: “This quarter marks a significant milestone for Hindustan Foods Limited as we surpassed the Rs 1,000 crore mark in quarterly revenues for the first time. For H1FY26, we reported revenue of Rs 2,041 crore, reflecting a 16% YoY growth. EBITDA rose by 17%, Profit Before Tax by 31%, and Profit After Tax by 33%, underscoring the strength of our operational execution and cost discipline.

The company maintains a robust balance sheet with cash and cash equivalents of Rs 162 crore and a net debt to equity of 0.67 as on September 30, 2025. Net cashflow from operations was approximately Rs 109 crore. This strong financial position, supported by healthy internal accruals and ample headroom for additional debt, fully equips us to fund the planned Rs 550 crore of capex.

We remain confident in our long-term strategy and are well positioned to continue delivering value to all stakeholders.”

Result PDF

Result PDF

Packaged Foods company Hindustan Foods announced Q1FY26 results

  • Total Income increased by 15% to Rs 998 crore in Q1FY26 from Rs 871 crore in Q1FY25.
  • EBITDA increased by 10% to Rs 84 crore in Q1FY26 from Rs 76 crore in Q1FY25.
  • PBT increased by 16% to Rs 42 crore in Q1FY26 from Rs 36 crore in Q1FY25.
  • PAT increased by 17% to Rs 32 crore in Q1FY26 from Rs 27 crore in Q1FY25.

Sameer R. Kothari, Managing Director, said: “HFL was able to achieve its highest ever quarterly profit despite the unseasonal rains that affected the off take of our seasonal offerings like ice creams and beverages. The ramp-up in our new plant in Nashik and the stabilization of the shoe business led to a satisfactory performance in this quarter.

The last year was the year of ‘Audacious, Agile and Ambitious’ bets, this year is going to be all about scaling with intent and executing with discipline. We will continue to focus on acquisitions which are value accretive in an external environment that continues to be challenging and more so with the Tariff War. Our diversified product mix and differentiated business model gives us confidence of being able to successfully maneuver the turbulent times and we remain confident of being able to achieve the targets that we have set for ourselves.”

Result PDF

Packaged Foods company Hindustan Foods announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Total Income increased by 27% to Rs 936 crore in Q4FY25 from Rs 734 crore in Q4FY24
  • EBITDA increased by 25% to Rs 80 crore in Q4FY25 from Rs 64 crore in Q4FY24
  • PBT increased by 47% to Rs 41 crore in Q4FY25 from Rs 28 crore in Q4FY24
  • PAT increased by 34% to Rs 31 crore in Q4FY25 from Rs 23 crore in Q4FY24

FY25 Financial Highlights:

  • Total Income increased by 30% to Rs 3,579 crore in FY25 from Rs 2,762 crore in FY24
  • EBITDA increased by 34% to Rs 308 crore in FY25 from Rs 229 crore in FY24
  • PBT increased by 26% to Rs 148 crore in FY25 from Rs 117 crore in FY24
  • PAT increased by 18% to Rs 110 crore in FY25 from Rs 93 crore in FY24

Commenting on the results, Sameer R. Kothari, Managing Director said, “HFL achieved a major milestone this financial year with a Profit After Tax (PAT) exceeding Rs 100 crore. This milestone brings a sense of pride and celebration within the organization but also demonstrates our ability to identify and capitalize on growth opportunities, even amidst a broader slowdown in consumer demand. We remain focused on building on this momentum and are now setting our sights on the next phase of growth in the coming years.

The driving force behind this achievement has been our dedicated team of nearly 7,000 employees. As a gesture of gratitude and to foster long-term value creation, we completed a preferential allotment of shares in our footwear subsidiary to our employees and also rolled out an ESOP scheme at HFL. Through these initiatives, we aim not only to reward and retain top talent but also to attract the leadership needed for our next leap forward.

Our association with The Kabadiwala promises to be a significant commitment towards sustainability and the circular economy. We are confident that in the coming years, this association will prove to be of major value to us and also to our customers in meeting their obligations under the EPR regulations.”

Commenting on the Operational Performance, Ganesh Argekar, Executive Director said, “From an operational standpoint, we delivered our highest-ever volumes across our beverages, ice creams, and footwear segments. This was achieved despite ongoing deflationary pressures and persistent volume softness in other categories. Our supply chain teams worked tirelessly to ensure efficiency and output even under challenging conditions.

Specifically, the shoe business had a good quarter, and we are cautiously optimistic that we should be out of the woods now. While the division had the highest ever turnover in this FY, importantly, the new investments have started yielding results and we are confident that with the support of our customers, we should be able to turn around the business completely in FY26.

Our bet on the beverage segment is finally paying off with Mysuru recording its highest ever output. We are eager to expand in this segment and continue to look for new opportunities. We have some interesting developments in the OTC Pharma division and are eager to scale this up. Our Home and Personal Care categories continue to perform resiliently in the face of the headwinds of slowing consumption”

Commenting on the Financial Performance, Mayank Samdani, Group CFO said, “This quarter was a record-breaking one across all key metrics—revenues, EBITDA, and Profit Before Tax (PBT). These results were driven by seasonal highs in our ice cream and beverage businesses, as well as the longanticipated breakeven of our footwear segment. The footwear business finally achieved operational profitability in this quarter and with this, all our businesses are performing as per expectations.

As far as the annual profits are concerned, despite higher tax provisioning compared to the previous year, we posted the highest ever annual profits. This was aided by the ramping up of the Baddi factory and the new investments in the beverage and ice cream plants. Our PAT for FY25 includes the losses suffered by the shoe business (~Rs. 11 crores) which were a result of the integration issues that we faced with the acquisition and also the accounting impact of the ESOP scheme.

The year also saw an increase in the working capital requirements of the company, especially in the shoe business but despite this increase, the company was able to generate a satisfactory cash from operations of around Rs 113.00 crore. This strong operating cash flows along with the proceeds from the Warrants issue, positions us to leverage upcoming growth opportunities. We continue to work towards our goal of doubling our gross block to Rs 1,800 crore by the end of this financial year.”

Result PDF

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

Packaged Foods company Hindustan Foods announced H1FY25 & Q2FY25 results

Q2FY25 Financial Highlights:

  • Total Income increased by 30.9% to Rs 886.0 crore in Q2FY25 from Rs 677.0 crore in Q2FY24.
  • EBITDA increased by 30.7% to Rs 72.6 crore in Q2FY25 from Rs 55.6 crore in Q2FY24.
  • PBT increased by 1.8% to Rs 31.8 crore in Q2FY25 from Rs 31.2 crore in Q2FY24.
  • PAT decreased by 7.1% to Rs 22.9 crore in Q2FY25 from Rs 24.7 crore in Q2FY24.

H1FY25 Financial Highlights:

  • Total Income increased by 35.4% to Rs 1,756.9 crore in H1FY25 from Rs 1,297.1 crore in H1FY24.
  • EBITDA increased by 38.6% to Rs 148.2 crore in H1FY25 from Rs 106.9 crore in H1FY24.
  • PBT increased by 12.0% to Rs 68.0 crore in H1FY25 from Rs 60.7 crore in H1FY24.
  • PAT increased by 4.4% to Rs 50.2 crore in H1FY25 from Rs 48.0 crore in H1FY24

Sameer R. Kothari, Managing Director said: “The strength of the company’s business model ensured that the company was able to post a satisfactory financial performance even in an environment which saw a continuing slowdown in the FMCG sector.

We had taken steps to deal with this continuing slowdown and had identified certain sectors that we believe will continue to outgrow the sector. These include Ice-Cream, Beverages and Footwear and I am pleased to see us grow in each of these categories. We have signed up 2 new customers in the ice cream business in the last 6 months which will make us one of the largest contract manufacturers of ice creams in the country. In beverages, after the acquisition of the Mysuru factory, we extended our footprint to Assam and have now agreed to acquire a beverage unit in Orissa. This gives us confidence in being able to grow our footprint further in this segment.

And as far as the shoe business is concerned, we have expanded capacities in South under the leadership of Carsten Braun who joined us as the head of business at the beginning of this quarter and are confident of making KNS Shoetech a premier partner for the leading global shoe brands.

We now have clear visibility of the new capex which shall increase our gross block to more than Rs. 1,800 crore by FY26.”

Mayank Samdani, Group CFO said: “The company’s revenues were bolstered by the ramping up of the shoe business and the OTC and Wellness factory at Baddi. We achieved the highest semi-annual turnover on a consolidated basis at Rs. 1,756.9 crore having grown at 35.4% YoY.

EBITDA for H1FY25 grew by 38.6% YoY to Rs. 148.2 crore. PAT for H1FY25 increased by 4.4% to Rs 50.2 crore. Our dedicated manufacturing factories continued to contribute to the profitability numbers as per expectations, but the Integration of shoe business resulted in an additional cost which has impacted overall EBITDA and profitability during the period.

As far as Cash flows are concerned, the existing business managed to convert a large proportion of the operating profits to cash which was partially offset by investment in working capital for the shoe business and the Baddi factory. Net operating cash flow for H1FY25 stood at around Rs. 74 crore as compared to ~Rs. 24 crore for the corresponding period of last year.

As the shoe business pivots to profitability and new projects ramp up across the company in the second half of this year, the profitability trajectory will trend upwards.”

Carsten Braun, Head, Footwear Division said: “The Indian sports shoe market has experienced impressive growth in recent years, driven by a growing consumer focus on fitness and sports, coupled with rising demand for footwear that combines comfort with style.

As the market expands and transforms, there are substantial opportunities for both established brands and newcomers to innovate and capture a larger share of the expanding consumer base.

We have been able to stabilize the operations at the various factories and are now delivering production in line with the expectations of our customers. We do expect to turnaround the profitability numbers in the next couple of quarters on the back of increased production efficiency and ramping up of the south factories.”

Result PDF

Packaged Foods company Hindustan Foods announced Q1FY25 results:

  • Total Income increased by 40.4% to Rs 870.9 crore in Q1FY25 from Rs 620.2 crore in Q1FY24
  • EBITDA increased by 47.4% to Rs 75.5 crore in Q1FY25 from Rs 51.3 crore in Q1FY24
  • PBT increased by 23.5% to Rs 36.2 crore in Q1FY25 from Rs 29.4 crore in Q1FY24 
  • PAT increased by 16.5% to Rs 27.2 crore in Q1FY25 from Rs 23.4 crore in Q1FY24

Commenting on the results, Sameer R. Kothari, Managing Director said, "As we navigate the evolving market landscape, we are becoming cautiously optimistic about the return of volume growth in the FMCG sector. We anticipate a gradual recovery in this sector, driven by renewed consumer demand and demand for enhanced supply chain efficiencies.

However, we are decidedly bullish about the growth prospects in the footwear industry. Our strategic initiatives are focused on capturing these growth opportunities and we continue to see tailwinds in this sector for the foreseeable future.

The macroeconomic inflation scenario continues to be baffling as we see some deflation in some commodities but in some cases, inflation is returning. While this may affect our top lines, our expectation is that it will not affect our overall profitability for the year and we continue to remain optimistic about the future.”

Commenting on the Financial Performance, Mayank Samdani, Group CFO said, “We achieved the highest quarterly turnover on a consolidated basis at Rs 870.9 crore having grown at 40.4%. This did fall short of our expectations as we saw some fall in commodity prices in this quarter.

Our PBT was affected by the continuing integration of the Baddi factory and the shoe units but the seasonal tailwinds of our ice cream business and beverages business helped us post a 23.5 % growth in the PBT taking it to a highest ever figure of Rs 36.2 crore.

Our PAT for the quarter was also at an historical high of Rs 27.2 crore having grown at 16.5% despite being affected by a higher tax incidence in this quarter.”

Result PDF

Packaged Foods company Hindustan Foods announced consolidated Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Revenues increased by 11% to Rs 734.4 crore in Q4FY24 from Rs 660.7 crore in Q4FY23
  • EBITDA grew by 28% to Rs 64.0 crore in Q4FY24 from Rs 50.0 crore in Q4FY23
  • PAT increased by 13% to Rs 22.9 crore in Q4FY24 from Rs 20.2 crore in Q4FY23

FY24 Financial Highlights:

  • Revenues increased by 6% to Rs 2,761.9 crore in FY24 from Rs 2,602.6 crore in FY23
  • EBITDA grew by 29% to Rs 228.9 crore in FY24 from Rs 177.7 crore in FY23
  • PAT increased by 31% to Rs 93.0 crore in FY24 from Rs 71.1 crore in FY23

Commenting on the results, Sameer R. Kothari, Managing Director said, “We posted a decent set of numbers in spite of the quarter being affected by the integration of the two of the largest acquisitions done by the company so far. This quarter has been a testament to the fact that the hard work for M&A starts after the transaction is completed.

This quarter saw us integrating the Baddi unit, a factory with complicated regulatory requirements and KNS Shoetech, a business with nearly 5000 people. The integration is progressing well and I am confident that we should be able to start seeing the benefits of the integration within the next quarter or so.

In terms of overall numbers, while the slowdown in consumption continues to affect our growth plans, I am confident that the steps that we have taken in terms of diversifying our product base into newer areas should help us continue our growth journey ahead. We remain committed to achieving our revenue target of Rs 4,000 crore for FY25.”

Commenting on the Financial Performance, Mayank Samdani, Group CFO said, “The company has posted a record EBITDA of Rs 64.0 crore for the quarter and Rs 228.9 crore for the financial year 2024. The company had an additional expense of nearly Rs 8 crore on depreciation and interest as compared to the previous quarter mainly due to the acquisitions of Baddi and shoe units. However, the slow ramp up of Baddi factory due to the licensing and other regulatory issues did not result in commensurate revenues, thereby impacting the PBT and the PAT for the quarter.

The Company had to invest in working capital in the form of raw material, packaging material and finished goods due to the acquisition of the Baddi and the shoe units. In spite of that, the company generated a healthy cash flow from operations of Rs 87 crore.”

Result PDF

Hindustan Foods announced Q3FY24 & 9MFY24 results:

Consolidated Q3FY24:

  • Revenues: Grew by 7%, totaling Rs 730.3 crore as compared to Rs 679.6 crore in Q3FY23.
  • EBITDA: Enhanced by 29%, reported at Rs 57.9 crore against Rs 45.0 crore in Q3FY23.
  • Profit After Tax (PAT): Saw an increase of 29%, standing at Rs 22.0 crore compared with Rs 17.1 crore in Q3FY23.

Consolidated 9MFY24:

  • Revenues: Remained stable at Rs 2,027.4 crore, compared to Rs 1,941.9 crore in 9MFY23.
  • EBITDA: Increased by 29%, reaching Rs 164.8 crore, up from Rs 127.7 crore in 9MFY23.
  • Profit After Tax (PAT): Improved by 38%, amounting to Rs 70.1 crore, versus Rs 50.9 crore in 9MFY23.

Operational Updates

  • Completed the acquisition of the Baddi plant with an investment of Rs 128 crore, marking expansion into pharmaceuticals and OTC health products.
  • Subsidiary KNS Shoetech Pvt. Ltd. finalized the acquisition of a sports shoe manufacturing unit in Kundli, Haryana for Rs 31 crore.
  • Proposed acquisition of another sports shoe manufacturing facility with an expected investment of around Rs 100 crore.
  • Successfully concluded a preferential issue of warrants amounting to Rs 400 crore.
  • Guwahati, Assam juice manufacturing factory is on track to commence production by Q4FY24.
  • The Greenfield Ice Cream facility in Haryana is underway, with a planned capex of Rs 100 crore, aiming for partial production by Q3FY25 and full-scale operation by Q4FY25.

Sameer R. Kothari, Managing Director, said: "While the overall consumer market seems to be subdued, we believe that the investments done by your company place it well to set the tone for the future growth of the company over the next few years.

This quarter HFL has seen the closure of the Baddi transaction and I expect the complete integration of this factory within the next 3-6 months. We are very optimistic about this acquisition as it opens up a whole new sector of OTC Pharma for us. The market opportunity is immense and we see HFL placed well to capitalize on future growth in this space.

Additionally, the acquisition of KNS Shoetech and the manufacturing assets of KNS Trading has opened up the sector of Sports shoe manufacturing for HFL. We are in advanced discussions to invest the further amount of Rs 100 crore in this sector and expect to close the transaction in this Quarter.

We are confident that, these two sectors will allow us to propel the growth for the company, while we remain steadfast in the FMCG & staples markets." 

Mayank Samdani, Group CFO, said: "The company posted a healthy 29% growth in the Quarterly PAT numbers over the last year and a 38% growth in the 9 monthly PAT numbers over the last year. This has been achieved as most of the projects have commercialized and are ramping up satisfactorily.

This quarter has also seen the impact of the integration of the new units (both Baddi and KNS Shoetech) and the seasonal effect of the ice cream and beverages business. We believe that the financial numbers may be affected by this integration for one quarter and both the new acquisitions should start normalizing by Q1FY25. Accordingly, we do believe that we are well on track to meet our guidance of achieving a 4000 crore top line by FY25." 

Result PDF

Packaged Foods company Hindustan Foods announced Q2FY24 & H1FY24 results:

1. Revenue Stability:
- Revenues remained flat at Rs 1,297.1 crore in H1FY24 compared to Rs 1,262.3 crore in H1FY23.
- Revenues also remained flat at Rs 677.0 crore in Q2FY24 compared to Rs 663.7 crore in Q2FY23.

2. Profit Growth:
- EBITDA grew by 29% to Rs 106.9 crore in H1FY24 from Rs 82.7 crore in H1FY23.
- EBITDA grew by 26% to Rs 55.6 crore in Q2FY24 from Rs 44.0 crore in Q2FY23.
- PAT increased by 42% to Rs 48.0 crore in H1FY24 from Rs 33.8 crore in H1FY23.
- PAT increased by 31% to Rs 24.7 crore in Q2FY24 from Rs 18.9 crore in Q2FY23.

3. Progress in New Facility:
- The factory being set up in Guwahati, Assam for the manufacture of juices is progressing well and is expected to start commercial production by Q4FY24.
- The Company's capex plans for setting up the Soap & Bars project were commercialized in Q1FY24 and continue to ramp up satisfactorily.
- The upgradation capex in the beverage facility in Mysuru for the new MNC customer was completed and commercial production started in October.

4. Fundraising:
- The company is raising funds to the tune of Rs 400 crore in the form of preferential warrants to be used as growth capital.

5. Expansion Plans:
- The Company plans to invest up to Rs 100 crore to set up, acquire, and invest in the area of sports shoe manufacturing. A share purchase agreement to acquire 100% share capital of KNS Shoetech Pvt. Ltd. has been executed.
- The Board has authorized an investment of Rs 75 crore for setting up a Greenfield Ice Cream facility.

Commenting on the results, Sameer R. Kothari, Managing Director said, “The overall slowdown in the FMCG demand and the deflation in the commodity prices continues to affect the short-term performance of the company. Additionally, the delay in getting the approvals for our Baddi acquisition has also hurt our plans for this financial year.

However, we do believe that this phase is temporary and that this environment will lead to further consolidation of the industry and offer interesting opportunities for M&A. We have accordingly, decided to raise some capital in the form of warrants which will not only give us access to the capital but will also allow us the luxury of drawing down this capital as and when these opportunities manifest.

One such opportunity identified by the company is in the sports shoe manufacturing sector where the company has agreed to invest up to Rs 100 crore. We do believe that this sector will see some unprecedented growth aided by the tailwinds of government policies and global realignment of supply chains. Another sector is ice cream manufacturing where we have further authorized an investment of Rs. 75 crore as we believe that per capita consumption and increasing reach of e-commerce will lead to a further decentralization of the supply chain and require more capex for setting up manufacturing facilities.

We continue to be bullish about the Indian consumption story and are still confident of reaching our stated target by FY25.”

Mayank Samdani, Group CFO, said, "While our turnover for the quarter on a consolidated basis was flat with a growth of only 2% YoY, the PAT rose by 31% YoY.

Our PAT for the quarter surpassed its previous high owing to the commercialization of the new facilities, and thus for the half year also, we have posted our highest-ever PAT of Rs 48.0 crore. We were able to achieve 21% ROE which we expect to sustain.

Our consolidated cash flow from operations was stable in spite of the increase in the inventory levels due to the commencement and ramping up of the new facilities."

 

 

Result PDF

Packaged foods company Hindustan Foods announced Q1FY24 results:

  • Revenues increased by 4% to Rs 620.2 crore in Q1FY24 from Rs 598.6 crore in Q1FY23
  • EBITDA grew by 33% to Rs 51.4 crore in Q1FY24 from Rs 38.6 crore in Q1FY23
  • PAT increased by 57% to Rs 23.4 crore in Q1FY24 from Rs 14.9 crore in Q1FY23

Commenting on the results, Sameer R. Kothari, Managing Director said, “While the overall slowdown in the FMCG demand has affected the growth plans of the company, the existing factories continue to deliver steady performance. Our top line was affected by the continuing fall in the commodity prices which offset the gains of the ramping up of the new factories. Additionally, our bottom line was affected by the lesser-than-expected off-take of our summer products due to the unseasonal rains.

However, the nature of our business model enables us to deal with these variations and protects our bottom line.

We continue to be bullish about the Indian consumption story despite the short-term hiccups and are beginning to see some green shoots.”

Commenting on the Financial Performance, Mayank Samdani, Group CFO said, “While our turnover for the quarter on a consolidated basis was flat YoY and QoQ, the PAT rose by 16% QoQ and 57% YoY.

Our PAT numbers for the quarter were the highest ever, aided by the commercialization of the new facilities and the change in the tax regime.

The integration of the Baddi factory has been held up for the lack of the statutory approvals but we do believe that the ramp-up of the new facilities and the Baddi facility integration which is expected in Q3FY24 should help improve our performance.”

 

 

Result PDF

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