NHC Foods Limited reported a consolidated net profit of ₹1,699.81 lakh for the quarter ended June 30, 2026, marking a substantial increase from ₹166.60 lakh in the same period of FY25. The company’s revenue from operations rose 234% year-on-year to ₹36,969.31 lakh, up from ₹11,050.90 lakh previously. This growth was primarily driven by its international trading segment, which contributed significantly to the top-line expansion. Standalone net profit also grew to ₹378.45 lakh from ₹166.60 lakh in the prior year quarter.

The Board of Directors approved the unaudited standalone and consolidated financial results on August 12, 2026, pursuant to Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Statutory auditors JMMK & Co., led by partner Jitendra Doshi, conducted a limited review of the financial statements and expressed an unmodified opinion. The results were prepared in accordance with Indian Accounting Standard 34 (Ind AS 34) "Interim Financial Reporting" as prescribed under Section 133 of the Companies Act, 2013.

Financial Performance Overview

The company’s consolidated total income reached ₹37,013.41 lakh, compared to ₹11,059.56 lakh in Q1FY25. Total expenses stood at ₹35,250.42 lakh, up from ₹10,833.60 lakh in the previous year quarter. Profit before tax increased to ₹1,762.99 lakh from ₹225.96 lakh. Total tax expense remained relatively stable at ₹63.18 lakh against ₹59.36 lakh in the prior period.

On a standalone basis, revenue from operations was ₹12,105.91 lakh, compared to ₹11,050.90 lakh in Q1FY25. Standalone profit before tax was ₹441.63 lakh, up from ₹225.96 lakh. Basic earnings per share for the standalone entity stood at ₹0.06, compared to ₹0.03 in the prior year quarter.

Segmental Analysis

NHC Foods operates through Trading and Manufacturing segments. The international trading segment emerged as the key growth driver, reporting revenue of ₹24,863.40 lakh and a segment result of ₹1,321.36 lakh. In contrast, domestic trading revenue was ₹11,682.04 lakh with a segment result of ₹394.78 lakh. The manufacturing segment reported revenue of ₹440.73 lakh and a result of ₹153.94 lakh.

What the Numbers Show

The disproportionate growth in international trading revenue compared to domestic operations highlights the company’s expanding global footprint. While domestic trading revenue grew modestly, international trading more than doubled its contribution, accounting for approximately 67% of total consolidated revenue. This shift suggests that NHC Foods is increasingly leveraging its overseas subsidiaries, including NHC International LLC-FZ and NHC International UK Ltd., to drive profitability. The surge in unallocated assets and liabilities in the consolidated balance sheet may indicate ongoing investments or restructuring activities related to these international expansions.

Corporate Actions

On June 24, 2026, the Board allotted 10,41,77,040 fully paid equity shares of face value INR 1/- each at a conversion price of INR 1/- per share to the FCCB holder. This followed the partial conversion of 11 FCCBs with a principal value aggregating to USD 11,00,000. Additionally, the company incorporated NHC International UK Limited as a wholly owned foreign subsidiary on April 20, 2026, which has now been included in the consolidated financial results.

NHC Foods Ltd has approved a Letter of Intent (LOI) to acquire Agriconnect Solutions Private Limited, a move aimed at enhancing its procurement and distribution capabilities in the agri commodities sector. The Board of Directors approved the proposal during a meeting held on July 02, 2026. The strategic acquisition is expected to generate synergies with NHC Foods' existing operations and improve its financial position through the target company's positive cash flows.

Agriconnect Solutions Private Limited, incorporated on March 22, 2021, has been profitable since its inception. The company operates in the supply and trading of agri commodities and has completed four full years of operations. NHC Foods intends to provide the necessary working capital to the target entity to facilitate further business expansion following the acquisition.

The financial performance of Agriconnect Solutions Private Limited over the past three years shows significant revenue generation. The company achieved a peak revenue of ₹360.80 Cr in FY24, followed by ₹117.57 Cr in FY25. Its Profit After Tax (PAT) stood at ₹31.25 lacs during FY24 and ₹2.89 lacs in FY25.

Financial Overview of Agriconnect Solutions Private Limited

The acquisition is not a related party transaction, and no promoter or group company holds an interest in the target entity. NHC Foods stated that no specific governmental or regulatory approvals are required for the transaction. The company plans to complete the necessary due diligence within a period of three months from the date of the LOI.

The consideration for the acquisition, whether in cash or share swap, will be determined based on a valuation report obtained from an independent valuer after the completion of the due diligence process. The exact cost of acquisition and the percentage of shareholding to be acquired are yet to be ascertained.