Sundrop Brands Limited (formerly known as Agro Tech Foods Limited) has filed its Annual Report for the financial year 2025-26 with the stock exchanges and convened its 39th Annual General Meeting (AGM) scheduled for Wednesday, August 26, 2026, at 11:00 AM (IST) through Video Conferencing/Other Audio-Visual Means. The company reported a significant turnaround on a standalone basis, posting a net profit of ₹20.88 crores in FY 2025-26 against a net loss of ₹110.72 crores in FY 2024-25, aided by improved operational performance and the absence of exceptional impairment charges that had weighed on the prior year.

Financial Performance Overview

The following tables summarise the company's standalone and consolidated financial performance for FY 2025-26 versus FY 2024-25.

Standalone Statement of Profit and Loss

Consolidated Statement of Profit and Loss

The consolidated financial results include the results of the company and its wholly-owned subsidiaries: Sundrop Foods India Private Limited, Agro Tech Foods (Bangladesh) Pvt. Ltd., Sundrop Foods Lanka (Private) Limited, Del Monte Foods Private Limited, and Del Monte Foods India (North) Private Limited. The company acquired 100% equity shares of Del Monte Foods Private Limited (DMFPL) on February 6, 2025. DMFPL contributed a consolidated revenue of INR 667.14 crores for the financial year ended March 31, 2026, compared to INR 104.44 crores for the two months (February and March 2025) in the prior year, making the consolidated figures not directly comparable.

Key Financial Ratios and Return on Net Worth

The company's key financial ratios for FY 2025-26 versus FY 2024-25 are presented below.

Over a six-year period, the company delivered a foods revenue CAGR of 8.6%. During FY 2025-26, this trajectory accelerated, with revenue growth of 11%. Gross Margin for FY 2025-26 increased by INR 54 crores over the previous year, driven entirely by the Foods business.

Business Performance by Category

The Foods portfolio accounted for 60% of the company's revenue and 70% of Gross Margin during FY 2025-26. Key category highlights include:

• Ready to Cook (RTC) Snacks: Value growth of 9% versus the previous financial year; e-commerce channel grew at 52%.
• Ready to Eat (RTE) Snacks: Volumes increased by 21% and value by 35%; Gross Margins expanded by 4 times compared to the previous year.
• Spreads & Dips: Volume decline of 10% and value decline of 7% during the year amid heightened competitive intensity.
• Breakfast Cereals: Modest volume growth of 1% and value growth of 8%; Gross Margins expanded by over 5.5 times during the year.
• Chocolates: Volume decline of 70% and value decline of 67% following a decision to cease further investments in this category.
• Premium Staples (Edible Oils): Volume growth of 2% and value growth of 16% on a full-year basis; Gross Margins for the category declined by 9% compared to the previous year.
• Mass Edible Oils/Staples: Volume decline of 21% and revenue decline of 6% in line with strategic intent to moderate exposure.

Advertising and Promotion (A&P) expenditure increased by 25% during the year. The company's direct retail coverage stood at 493,000 outlets across India, with approximately 3,75,000 outlets being tracked on a mobile app.

Dividend and Capital Allocation

The Board of Directors has not recommended any dividend for the financial year ended March 31, 2026. The company stated it is strengthening its cash position to capitalise on identified high-potential opportunities across both organic and inorganic avenues, including investments in capacity expansion, brand development, product innovation, and selective strategic acquisitions.

AGM and Corporate Actions

The 39th AGM agenda includes adoption of audited standalone and consolidated financial statements for FY 2025-26, re-appointment of Mr. Ramit Bharti Mittal (Non-Executive Director) and Mr. Nitish Bajaj (Group Managing Director) who retire by rotation, and ratification of remuneration of INR 2,00,000/- (Indian Rupees Two Lakhs only) payable to M/s. Vajralingam & Co. (FRN 101059) as Cost Auditors for FY 2026-27. The cut-off date for determining eligible voters is August 19, 2026, and the Register of Members and Share Transfer Books will remain closed from August 20, 2026 to August 26, 2026 (both days inclusive). Remote e-voting will commence at 9:00 AM on August 22, 2026 and end at 5:00 PM on August 25, 2026.

Promoter Shareholding and ESOP

During FY 2025-26, promoter CAG-Tech (Mauritius) Limited acquired an additional 18,81,073 equity shares through an off-market transaction on December 23, 2025, increasing its shareholding from 1,27,85,363 equity shares (33.92%) to 1,46,66,522 equity shares (38.91%) as at March 31, 2026. As of March 31, 2026, the total outstanding options under the ESOP Scheme 2024 were 14,47,911 options. The company's CSR obligation of INR 24,12,000/- for FY 2025-26 was transferred to the Prime Minister's National Relief Fund in March 2026.

Sundrop Brands Limited has rescheduled its virtual investor and analyst conference call for Q1FY27 to Friday, August 07, 2026, from 12:00 PM to 1:00 PM IST. The company's Board of Directors met on Thursday, August 06, 2026, to approve the unaudited standalone and consolidated financial results, which have undergone limited review. This update corrects earlier communications that cited August 08 as the call date, ensuring investors have accurate timing for accessing management commentary on the quarter's performance.

The disclosure is made pursuant to Regulation 29 read with Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The trading window for dealing in the company's securities remains closed for all Designated Persons and their immediate relatives. This restriction, effective from July 01, 2026, will remain in place until 48 hours after the announcement of the Q1FY27 results, inclusive of both days, in compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015.

Conference Call Details

The earnings call is hosted by Anand Rathi Research and will feature key executives from Sundrop Brands Limited. Participants can join via universal access numbers or international lines provided in the official intimation. The following executives are scheduled to participate:

Primary access numbers for participants are 022 6280 1386 and 022 7115 8287. International access is available via dedicated lines for the USA (+1 866 746 2133), UK (0808 101 1573), Hong Kong (800 964 448), and Singapore (800 101 2045).

Regulatory Compliance

The intimation was submitted to both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Limited (NSE). Sundrop Brands Limited, formerly known as Agro Tech Foods Limited, is listed on both exchanges. The compliance officer, Kavita (Membership No: A-27174), digitally signed the communication on July 30, 2026.