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.”