Sonalis Consumer Products delivered robust financial performance in FY26, with net profit more than tripling as the company scaled its operations across the agro-products and food sectors.

Revenue from operations grew 40% year-on-year to ₹14,988 lakh, driven by higher sales volumes and expanded market reach. This top-line growth translated into a sharp improvement in bottom-line figures, with profit after tax rising 227% to ₹866.8 lakh.

Financial Performance

The company's ability to convert revenue into profit improved significantly during the fiscal year. While revenue increased by roughly ₹4,318 lakh, expenses were managed effectively despite higher raw material purchases and employee benefit costs.

Earnings per share rose to ₹18.25, up from ₹13.27 in the previous year, reflecting both operational gains and capital structure adjustments.

Capital Raise and Expansion

To support its growth trajectory, Sonalis Consumer Products executed a right issue during the year. The company allotted 27.5 lakh equity shares at ₹54.60 per share, raising approximately ₹15.01 crore. These funds are earmarked for general corporate purposes, equipment procurement, construction expenses, and working capital requirements.

The successful completion of the right issue strengthened the company's net worth, which stood at ₹3,286.4 lakh as of March 31, 2026, compared to ₹831.3 lakh in FY25.

Strategic Initiatives

Management highlighted the proposed acquisition of Holkar Somnath Milk and Agro Products Pvt. Ltd. for ₹170 million as a key step toward strengthening its presence in the dairy value chain. The company is also focusing on building integrated logistics, warehousing, and cold-chain capabilities to support scalability.

No dividend was recommended for FY26, as the board opted to retain profits for liquidity and operational activities.

What the Numbers Show

A notable shift in the balance sheet is the reduction in trade payables alongside rising short-term borrowings. Trade payables fell sharply from ₹4,190 lakh in FY25 to ₹1,127 lakh in FY26, while current borrowings increased to ₹239 lakh. This suggests the company may be shifting its working capital financing from supplier credit to formal bank lines, potentially indicating a change in negotiation power or a strategic move to secure longer-term liquidity stability amidst rapid scaling.

Sonalis Consumer Products has scheduled its fourth annual general meeting for Monday, September 28, 2026. The meeting will convene at 4:00 pm at its registered office in Mumbai to transact ordinary business for the financial year ended March 31, 2026.

Agenda Items

Shareholders will consider and adopt the audited financial statements along with the reports of the Board of Directors and Auditors. The company will also address the retirement by rotation of Mr. Sanjay Rajkumar Dua, who is not seeking re-appointment as a director.

The Board proposes that the vacancy caused by Mr. Dua’s retirement remains unfilled for the time being. Additionally, shareholders will vote on the re-appointment of M/s. H Rajen & Co., Chartered Accountants, as statutory auditors.

Auditor Reappointment

M/s. H Rajen & Co. will hold office for a term of five consecutive years, spanning from financial year 2026-2027 to financial year 2030-2031. Their remuneration will be mutually agreed upon between the auditors and the Board of Directors.

Voting Process

Remote e-voting commences on Friday, September 25, 2026, at 9:00 am and concludes on Sunday, September 27, 2026, at 5:00 pm. Shareholders holding securities as of the cut-off date, Monday, September 21, 2026, are eligible to vote. The register of members and share transfer books remain closed from Tuesday, September 22, 2026, through Monday, September 28, 2026.