Prime Fresh Limited has reported robust operational performance for the first quarter of FY27 (Q1 FY27), ending June 30, 2026. The company’s revenue from operations grew 15.7% year-on-year to ₹61.71 crore, while profit after tax (PAT) surged 50.8% to ₹4.35 crore. EBITDA expanded by 51.0% to ₹6.07 crore, reflecting improved operating efficiencies and a favorable product mix.
The earnings release highlights significant margin expansion, with EBITDA margin improving by 230 basis points (bps) to 9.83% and PAT margin rising by 163 bps to 7.05%. Sales tonnage increased sharply by 68.0% YoY to 17,982 metric tonnes, underscoring the strength of the company’s procurement bandwidth and distribution network. Onions remained the primary volume driver, while high-value categories like mangoes and pomegranates contributed disproportionately to revenue quality.
Financial Highlights
| Metric: |
Q1 FY27 |
Q4 FY26 |
QoQ Change |
Q1 FY26 |
YoY Change |
| Revenue from Operations: |
₹61.71 crore |
₹79.91 crore |
-22.8% |
₹53.34 crore |
+15.7% |
| EBITDA: |
₹6.07 crore |
₹5.27 crore |
+15.0% |
₹4.02 crore |
+51.0% |
| EBITDA Margin: |
9.83% |
6.60% |
+323 bps |
7.53% |
+230 bps |
| Profit After Tax: |
₹4.35 crore |
₹3.24 crore |
+34.3% |
₹2.89 crore |
+50.8% |
| PAT Margin: |
7.05% |
4.05% |
+300 bps |
5.42% |
+163 bps |
| EPS (₹): |
2.94 |
2.02 |
+45.5% |
1.97 |
+49.2% |
Financial figures are in ₹ crore except margins and EPS.
What the Numbers Show
The divergence between the 15.7% revenue growth and the 51.0% EBITDA growth indicates significant operating leverage. While sales tonnage rose 68.0% YoY, revenue grew at a more moderate pace, suggesting that the bulk of the volume came from lower-value-per-tonne commodities like onions. However, the substantial margin expansion suggests that higher-margin services and value-added categories are effectively offsetting the lower realization rates on bulk produce, driving profitability ahead of top-line growth.
Strategic Expansion and Operational Scale
The investor presentation for Q1 FY27 outlined key strategic initiatives driving future growth. Prime Fresh has successfully executed a sale deed for the acquisition of 6 acres of land in Shrirampur Village, Sinnar Taluka, Nashik District, Maharashtra. Additionally, the company leased two parcels of land in Nandur Shingote Village (3.73 acres) and Arai Village (0.09 acres) in Nashik District to build the Prime Fresh Sinnar Agro Park and a new cluster. These moves aim to strengthen the agri-supply chain ecosystem, enhance backward integration with farmers, and expand into value-added products.
Operationally, the company highlighted record scale for FY26, with outward volume rising 97.1% to 65,132 MT. Standalone onion procurement tonnage volumes grew approximately 118%, led by a 147.9% increase in onion volumes. The services business, including third-party logistics (3PL) and other value-added activities, grew over 32%, strengthening the non-F&V business mix. Prime Fresh also noted its migration from the BSE SME Platform to the Main Board of BSE Limited on June 6, 2025, which has strengthened institutional visibility. CRISIL reaffirmed its BBB/Stable rating and enhanced rated bank facilities from ₹10 crore to ₹100 crore.
Management Commentary
Mr. Hiren Ghelani, Whole-time Director, attributed the performance to disciplined cost control, better operating efficiencies, and stronger utilization of the sourcing and distribution network. He noted that the Services Business continues to emerge as an important contributor to margin quality. The company is also making steady progress on its Cluster Development Programme (CDP) initiatives, aimed at strengthening backward integration and deepening farmer linkages.
Ghelani cautioned that the operating environment may remain dynamic due to agricultural seasonality and crop-specific variations. However, he emphasized the company’s diversified sourcing base and omni-channel presence as key strengths enabling flexibility. Priorities for the remainder of the year include deepening customer relationships, strengthening higher-margin services, and continuing CDP initiatives in a calibrated manner.
Conference Call Details
Prime Fresh Limited has scheduled its earnings conference call for Q1 FY27 on Tuesday, August 18, 2026, at 4:00 pm IST. The session will be led by Mr. Jinen Ghelani, Managing Director & CFO, and Mr. Hiren Ghelani, Whole-time Director. This notice supersedes a previous communication dated August 13, 2026, which contained a non-functional hyperlink.
| Access Method: |
Details |
| Universal Dial-In: |
+91 22 6280 1488 / +91 22 7115 8869 |
| Date & Time: |
August 18, 2026 at 4:00 pm IST |
| Pre-registration: |
Recommended via Diamond Pass link |
Investors are advised to pre-register using the provided Diamond Pass link to avoid wait times. For those joining via phone, connecting 10 minutes prior to the scheduled start time is recommended.
Post-Call Resources
Following the conference call, Prime Fresh Limited will upload the investor presentation, audio recording, and transcript to its official website. These materials will also be available on the BSE Limited website. Jasmin Jaykumar Doshi, Company Secretary, confirmed the details in the regulatory filing submitted to the exchange.
Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE442V01012/94efb24c-f3f9-46ab-8279-83aa522abbc5.pdf