Krishival Foods Limited filed its investor presentation for Q4 and FY2025-26 under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015, on May 4, 2026. The presentation highlighted robust performance across both business segments, with consolidated total income reaching ₹304.41 crore in FY26 compared to ₹206.31 crore in FY25, reflecting 48% year-on-year growth. Net profit increased 64% to ₹22.20 crore from ₹13.55 crore in the previous year, driven by improved operational efficiency and scale benefits. The company's revenue trajectory has grown over 4x from ₹71 crore in FY23 to ₹304 crore in FY26. Subsequently, pursuant to Regulation 47 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015, Krishival Foods filed an intimation on May 6, 2026, confirming publication of its audited financial results for the quarter and year ended March 31, 2026, in the Financial Express and Mumbai Lakshadeep, both dated May 6, 2026. Further, on May 8, 2026, the company filed the transcript of its Q4 and Full Year FY26 Earnings Call — held on May 4, 2026 — with the stock exchanges under Regulation 30, with the transcript also made available on the company's website at www.krishival.com .

Consolidated Financial Performance

The company's consolidated financial metrics demonstrate strong growth momentum across key parameters. Revenue from operations for FY26 stood at ₹292.67 crore, up 45% year-on-year, while total income including other income reached ₹304.41 crore. EBITDA grew 55% to ₹39.07 crore with margins expanding 60 basis points to 13.35%. Net profit margin improved 89 basis points to 7.59%. For Q4 FY26, total income reached ₹106.84 crore against ₹75.97 crore in the corresponding quarter of the previous year, with EBITDA at ₹10.20 crore and net profit at ₹5.58 crore. During the earnings call, Chairman Sujit Bangar noted that EBITDA for Q4 FY26 was impacted by an ESOP cost of ₹2.88 crore; adjusting for this, the EBITDA margin for Q4 FY26 would stand at 12.21%, compared to 12.03% in Q4 FY25.

*Including Other Income

Published Audited Financial Extracts

The newspaper publication included extracts of both standalone and consolidated audited financial results for the quarter and year ended March 31, 2026. The standalone results showed total income from operations of ₹6,068.30 lakh for Q4 FY26 and ₹20,258.68 lakh for FY26, compared to ₹5,466.52 lakh and ₹17,323.30 lakh respectively in the prior year. Standalone net profit after tax stood at ₹534.60 lakh for Q4 FY26 and ₹2,078.76 lakh for FY26. Standalone basic EPS was ₹2.32 for Q4 FY26 and ₹9.02 for FY26, while diluted EPS was ₹2.21 and ₹8.59 respectively.

The consolidated results showed total income from operations of ₹10,207.00 lakh for Q4 FY26 and ₹29,267.24 lakh for FY26, against ₹7,374.00 lakh and ₹20,223.24 lakh in the prior year. Consolidated net profit after tax was ₹558.16 lakh for Q4 FY26 and ₹2,219.61 lakh for FY26. Consolidated basic EPS was ₹2.42 for Q4 FY26 and ₹9.63 for FY26, while diluted EPS was ₹2.31 and ₹9.17 respectively.

Segment-Wise Performance and Revenue Contribution

The Nuts & Dry Fruits segment under Krishival Nuts delivered strong performance with FY26 revenue of ₹211 crore, up 20.80% year-on-year. The segment achieved a significant milestone with PAT reaching ₹21 crore, translating to a 10% PAT margin and 15% EBITDA margin. Q4 FY26 revenue stood at ₹60.69 crore, up 11% YoY, with EBITDA growing 46% to ₹7.81 crore. The Ice Cream segment under Melt N Mellow achieved profitability during FY26, with revenue growing 95% YoY to ₹95.42 crore and EBITDA reaching ₹7.10 crore, yielding a 7% margin — one year ahead of the originally planned profitability timeline. Q4 FY26 ice cream revenue surged 115% YoY to ₹41.38 crore, with EBITDA at ₹3.29 crore. The ice cream segment's contribution to consolidated revenue increased from 26% in Q4 FY25 to 41% in Q4 FY26, and from 14% in FY25 to 31% in FY26, driven by distribution expansion. During the earnings call, management noted that the first nine months of FY26 saw ice cream sales of ₹47 crore, while the last three months contributed approximately ₹43 crore, underscoring the strong Q4 seasonality.

Operational Highlights and Manufacturing Capabilities

Krishival Foods has significantly expanded its geographical reach across 300+ towns, with an additional 300+ retail touchpoints in Singapore. Krishival Nuts now operates through a network of 11,000+ retail touchpoints, while Melt N Mellow is available across 34,200+ retail touchpoints across Maharashtra, Karnataka, Goa, Telangana, and Andhra Pradesh. As of March 31, 2026, the company has deployed 15,490 deep freezers across retail touchpoints — expanded from 3,000+ during FY26 — with key city-wise deployments in Mumbai (1,996), Bengaluru (1,253), Hyderabad (1,126), and Pune (2,162). The Melt N Mellow manufacturing facility in Aurangabad (Sambhaji Nagar) has a production capacity of 1 lakh liters per day for ice cream, 20 MT per day for milk products, and 10 MT per day for bakery. During FY26, the brand sold 4.74 crore units of cones, 3.53 crore units of kulfi bars and chocobars, and 1.78 crore units of cups and sundaes. On the nuts side, the existing processing capacity of 10 MT per day has been enhanced to 20 MT per day, with a new 35,000 square feet processing unit commissioned and commencing production in April. A 2 lakh square foot factory is under construction at Halkarni MIDC, with capacity targeted to reach 30 MT per day and subsequently 40 MT per day in subsequent years.

Strategic Priorities and Management Commentary

The company's strategic priorities include expanding distribution footprint across Tier II and Tier III markets, scaling Melt N Mellow with focus on capacity utilisation targeting full utilization by Q1 FY29, and launching 25 Franchise Owned Company Operated (FOCO) Mellow & Co. ice cream parlors across Mumbai and Pune in FY27, with rollout planned from July–August. Management guided for approximately 50% top-line growth and 50%+ bottom-line growth in FY27. For the ice cream segment, EBITDA is expected to remain above 7% and progress toward 14%–15% at full capacity utilization, while PAT for the ice cream segment is expected to exceed 3% in FY27. The nuts segment is targeted to maintain 15%+ EBITDA and 10%+ PAT margins. The company continues to invest in R&D and product innovation, with Melt N Mellow holding the third highest number of SKUs among ice cream brands in India at 189+. Krishival Nuts sources directly from 9 countries including India, Ghana, USA, Guinea-Bissau, Cambodia, Indonesia, Benin, Ivory Coast, and Tanzania, providing diversified origins to mitigate price volatility. The company is also strengthening its export footprint across Singapore, the United States, and Japan.

Chairperson and Whole-Time Director Sujit Bangar commented: "FY26 has been a defining year for the Company, marked by strong execution across both business segments. A key highlight was the consolidation of profitability in the Nuts & Dry Fruits segment under Krishival Nuts, which achieved a healthy PAT margin of 10%. Simultaneously, the Ice Cream segment under Melt N Mellow demonstrated meaningful progress, attaining scale along with EBITDA profitability of 7%. During the year, the Company successfully completed a ₹100 crore Rights Issue. The proceeds are being strategically deployed towards capacity expansion, supply chain strengthening, and significant investments in cold-chain infrastructure, including a rapidly expanding freezer network. With strong visibility on capacity ramp-up, continued distribution expansion, and benefits of operating leverage, the management remains confident of delivering sustained high growth with progressive improvement in profitability over the medium term."

Rights Issue, Corporate Actions, and Regulatory Filings

The company successfully completed a ₹99.99 crore rights issue during FY26, with the first tranche of ₹35 crore received in January — of which ₹25 crore is earmarked for plant and machinery at the new Halkarni MIDC facility and ₹10 crore for working capital of the nuts division. The remaining ₹65 crore is to be received in two subsequent calls during the current calendar year. The Board recommended a final dividend of ₹0.35 per equity share of face value ₹10 each for FY26, subject to shareholder approval at the ensuing AGM. The statutory auditors, M/s. Tammana Parmar & Associates, issued an unmodified opinion on both standalone and consolidated financial results. The Q4 FY26 Earnings Conference Call was held on May 4, 2026 at 5:30 P.M. IST in virtual mode, with the audio recording and transcript both available on the company's website at www.krishival.com . The company confirmed that no unpublished price sensitive information was shared during the conference call. The full format of the standalone and consolidated results for the quarter and year ended March 31, 2026 are available on the websites of the stock exchanges and the company's website.

Krishival Foods Limited has submitted a Revised First Monitoring Agency Report for the quarter ended March 31, 2026, to the stock exchanges on May 4, 2026. The submission was made pursuant to Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The revision was taken up in the 02/2026-27 Audit Committee and Board Meeting to correct a typographical error on page no. 7, para ii, Sr. no. 1, where the amount utilised was incorrectly mentioned as Rs. 5.80 crores instead of the accurate figure of Rs. 5.76 crores. The report was prepared by Brickwork Ratings India Private Limited, the appointed Monitoring Agency, in accordance with Regulation 82 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Rights Issue Overview

The Revised Monitoring Agency Report pertains to the utilisation of proceeds from the Rights Issue of Equity Shares of Krishival Foods Limited. The issue was open from December 26, 2025 to January 07, 2026, with a total proposed issue size of Rs. 99.99 crore. The following table summarises the key issue details:

Utilisation of Issue Proceeds

The report details the progress in deployment of funds across the stated objects of the Rights Issue, as verified by M/s. Tamanna Parmar & Associates (Firm Registration Number: 014444C) and the company's statement, both dated May 04, 2026. The following table captures the object-wise utilisation as of March 31, 2026:

The Monitoring Agency confirmed no deviation from the objects stated in the Offer Document dated December 15, 2025. All utilisation was verified as being in line with disclosures, and no material deviations were observed. The means of finance for the disclosed objects has not changed.

Deployment of Unutilised Proceeds

Unutilised issue proceeds have been parked in the ICICI Bank Monitoring Account (Account No. 002005050968), with an amount of Rs. 19.30 crore invested as of the quarter end. The Monitoring Agency noted that this is the first monitoring report being prepared for the company, and hence no comparison with earlier reports is applicable.

Implementation Status and Compliance

The report confirms that all government and statutory approvals related to the objects of the issue have been obtained. No unfavourable events affecting the viability of the objects were reported. The capital expenditure object — part-funding for setting up a processing and packaging unit for cashews and other nuts at Kolhapur, Maharashtra — is ongoing, with a completion timeline up to Financial Year 2025-26 as per the Offer Document. Working capital and General Corporate Purposes objects are ongoing with timelines up to Financial Year 2026-27.

The Board Meeting at which the revised report was considered commenced at 09:10 P.M. and concluded at 09:20 P.M. on May 4, 2026. The Revised Monitoring Agency Report has also been made available on the company's investor relations webpage. The report was signed by Mr. Niraj Kumar Rathi, Senior Director, Ratings at Brickwork Ratings India Private Limited, and the regulatory submission was made by Rahul Gawande, Company Secretary and Compliance Officer of Krishival Foods Limited.