Prime Fresh completes acquisition of 51% stake in Poonaagrocart LLP

Prime Fresh Limited, along with its group entities, has completed the acquisition of a 51% partnership stake in Poonaagrocart LLP for an aggregate investment of ₹51,00,000. The transaction, finalized on July 6, 2026, expands Prime Fresh's presence across the food value chain into the Ready-to-Eat and Ready-to-Heat segment. Poonaagrocart LLP has consequently become an associate of the company.

The investment was executed through a combination of contributions from Prime Fresh Limited and its group firms. Prime Fresh Limited acquired a 36% stake for ₹36,00,000, while Florens Farming Limited took a 10% stake for ₹10,00,000. Florens Fresh Supply Solutions Private Limited acquired the remaining 5% stake for ₹5,00,000. The transaction was funded through cash consideration.

Poonaagrocart LLP, incorporated on March 13, 2021, operates in the manufacturing of frozen foods, ready-to-eat meals, and Indian snacks. The entity offers a portfolio of over 50 products and reported a turnover of ₹2,87,87,800 in FY 2024-25. Its registered office is located in Pune, Maharashtra.

Shareholder approval for the investment was previously obtained on September 26, 2025, for an amount of ₹150 Crores. Apart from this approval, the company stated that no additional regulatory approvals are currently required, though it would obtain any necessary permissions if they become applicable subsequently.

Financial Overview of Poonaagrocart LLP

Metric	Amount
Partner's Capital Account	₹15,00,000
Partner's Current Account	₹28,61,800
Turnover (FY 2024-25)	₹2,87,87,800
Turnover (FY 2023-24)	₹2,56,60,614
Turnover (FY 2022-23)	₹97,68,312

Investment Breakdown

Entity	Stake Acquired	Investment Amount
Prime Fresh Limited	36%	₹36,00,000
Florens Farming Limited	10%	₹10,00,000
Florens Fresh Supply Solutions Private Limited	5%	₹5,00,000
Total	51%	₹51,00,000

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.21%	-6.61%	-11.03%	-31.41%	+17.88%	+203.78%

Prime Fresh Limited has announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The company reported a resilient performance for the year, with consolidated revenue from operations growing 32.5% year-on-year (YoY) to ₹2,739.8 Mn. Profit After Tax (PAT) for the full year increased 51.6% YoY to ₹139.7 Mn.

Q4 FY26 Financial Performance

For the quarter ended March 31, 2026, the company posted a revenue from operations of ₹799.1 Mn, a 50.0% increase from the same period last year. PAT for Q4FY26 stood at ₹32.4 Mn, reflecting a 65.8% YoY growth. EBITDA for the quarter was recorded at ₹53.9 Mn. The company's outward volumes nearly doubled in FY26, reaching 65,132 MT, up 97.1% YoY.

Particulars (Rs in Mn)	Q4FY26	Q3FY26	QoQ	Q4FY25	YoY	FY26	FY25	YoY
Total Revenue	800.5	743.9	8%	534.6	50%	2,744.3	2,077.0	32%
EBITDA	53.9	63.0	-14%	32.9	64%	200.2	133.2	50%
PBT	50.2	61.4		30.9		189.7	128.1
PAT	32.4	47.2	-31%	19.5	66%	139.7	92.1	52%

Operational Highlights

The company achieved significant volume expansion during the year, with Onion, Potato, Tomato (OPT) standalone volumes growing 118.0% YoY in FY26. Management noted that the onion supply-chain business continued strong tonnage growth, with FY26 outward volume increasing 147.9% YoY on a standalone basis. The Service, 3PL, and other non-F&V value businesses grew at over 32% during FY26.

Strategic Developments

Prime Fresh Limited strengthened its credit profile, with CRISIL assigning a BBB/Stable rating for ₹100 crore debt facilities, an increase from the earlier rated base of ₹10 crore. The company also ranked No. 1 across all three Expression of Interest (EOI) applications for setting up clusters under the Cluster Development Programme (CDP) by the National Horticulture Board. Looking ahead to FY27, the company aims to grow value sales by around 25–30% and tonnage volumes by 20-25%.