Sundrop Brands Limited (formerly known as Agro Tech Foods Limited) has reported a strong turnaround in its financial performance, posting a standalone net profit of ₹20.88 crores for the financial year ended March 31, 2026, compared to a net loss of ₹110.72 crores in the previous financial year. The Board of Directors approved the audited standalone and consolidated financial results at their meeting held on May 7, 2026, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statutory auditors, M/s BSR and Co., Chartered Accountants (Firm Registration No. 128510W), issued an unmodified audit opinion on both the standalone and consolidated financial results. The financial results were reviewed and recommended by the Audit Committee, and the Board meeting commenced at 5:10 pm and concluded at 5:26 pm.

Financial Performance Overview

The company's standalone total revenue from operations grew to ₹882.17 crores in FY26 from ₹792.95 crores in FY25, driven by higher product sales. On a consolidated basis, total revenue from operations rose significantly to ₹1,549.44 crores from ₹898.87 crores in the prior year, reflecting the full-year contribution of Del Monte Foods Private Limited (DMFPL), which was acquired on February 6, 2025. DMFPL contributed ₹667.14 crores to consolidated revenue for the year ended March 31, 2026, compared to ₹104.44 crores (for two months) in FY25, making year-on-year consolidated comparisons not directly comparable. DMFPL contributed ₹166.32 crores to consolidated revenue for the quarter ended March 31, 2026.

The following table presents the key standalone financial highlights for the quarter and year ended March 31, 2026:

On a consolidated basis, Q4 net profit came in at ₹9.85 crores versus a loss of ₹114.05 crores in the same quarter of the prior year, while Q4 EBITDA turned positive at ₹208M versus a loss of ₹4M, reflecting a significant improvement in operating profitability. The table below presents the consolidated financial highlights:

The prior year's results included exceptional items of ₹146.75 crores, comprising impairment provisions of ₹70.57 crores related to three cash-generating units, impairment of ₹65.47 crores related to specified property, plant and equipment, business acquisition-related costs of ₹5.16 crores, and a provision for custom duty litigation of ₹5.55 crores. No exceptional items were recorded in FY26.

Balance Sheet Highlights

The company's standalone total assets stood at ₹1,598.23 crores as at March 31, 2026, compared to ₹1,553.90 crores as at March 31, 2025. On a consolidated basis, total assets were ₹1,831.49 crores versus ₹1,787.20 crores in the prior year. Standalone equity attributable to owners increased to ₹1,477.65 crores from ₹1,437.42 crores, while consolidated equity attributable to owners rose to ₹1,478.48 crores from ₹1,438.38 crores. Other equity on a standalone basis stood at ₹1,439.95 crores and on a consolidated basis at ₹1,440.78 crores as at March 31, 2026.

Cash Flow Summary

On a standalone basis, net cash generated from operating activities was ₹11.66 crores for FY26, compared to ₹77.86 crores in FY25. Net cash used in investing activities was ₹5.72 crores, while net cash used in financing activities was ₹3.36 crores. Standalone cash and cash equivalents at the end of the year stood at ₹24.59 crores, up from ₹22.01 crores at the beginning of the year. On a consolidated basis, net cash generated from operating activities was ₹30.75 crores, with consolidated cash and cash equivalents closing at ₹31.36 crores.

ESOP Grant and Forfeiture

The Nomination and Remuneration Committee (NRC) of the Board approved the grant of 1,54,367 employee stock options under the "Agro Tech Foods Limited Employees Stock Option Plan, 2024" (ESOP Scheme 2024) to eligible employees of the company and its material subsidiary, Del Monte Foods Private Limited. The NRC also approved the forfeiture of 32,000 options granted earlier on June 7, 2025 under the same scheme; these options will be available for re-grant under the ESOP Scheme 2024.

The Group recognized share-based payment expenses of ₹19.25 crores for FY26, including ₹4.88 crores for Q4 FY26, included under Employee Benefits Expense. The company has cumulatively granted 14,80,411 employee stock options to eligible employees of the company and its subsidiaries, with exercise prices of ₹809 and ₹515 per option depending on the type and level of grant. The ESOP Scheme 2024 is in compliance with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

Regulatory and Audit Compliance

The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) under Section 133 of the Companies Act, 2013, and comply with Regulation 33 of the SEBI Listing Regulations. KPN Srinivas, Chief Financial Officer, issued a declaration confirming the unmodified audit opinion in compliance with Regulation 33(3)(d) of the Listing Regulations. The consolidated financial results encompass 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 notification was signed by Kavita, Company Secretary and Compliance Officer (Membership No. A-27174), on May 7, 2026. The results are available on the stock exchanges' websites and the company's website at www.sundropbrands.com .

Sundrop Brands Limited has submitted its quarterly compliance certificate to stock exchanges, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The certificate pertains to the quarter ended 31st March 2026 and was filed on 6th April 2026.

Regulatory Compliance Filing

The company submitted the mandatory certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 to both BSE Limited and National Stock Exchange of India Limited. The filing was signed by Kavita, Company Secretary & Compliance Officer, bearing membership number A-27174.

Certificate from Registrar

KFin Technologies Limited, serving as the Registrar and Share Transfer Agent (RTA) for Sundrop Brands Limited, issued the confirmation certificate dated 2nd April 2026. The certificate was signed by Singireddy Shanker Reddy from the Corporate Registry division.

Dematerialisation Process Confirmation

The registrar confirmed that all securities received from depository participants for dematerialisation during the quarter ended 31st March 2026 were properly processed. The certificate states that securities were confirmed to depositories and are listed on stock exchanges where earlier issued securities are traded.

KFin Technologies Operations

KFin Technologies Limited operates from multiple locations, with its operations centre located at Selenium Tower B, Financial District, Nanakramguda, Hyderabad, and registered office in Mumbai. The company holds CIN: L72400MH2017PLC444072.

This quarterly filing represents standard regulatory compliance for listed companies, ensuring transparency in the dematerialisation process and maintaining proper records of securities transactions through depositories.