Wardwizard Foods turns profitable with revenue of ₹237.73 crore in FY26

Wardwizard Foods and Beverages Limited returned to profitability in the financial year ended March 31, 2026, driven by a significant surge in revenue from operations. The company reported a net profit of ₹1.31 crore for FY26, a reversal from the net loss of ₹13.69 crore recorded in the previous year. This turnaround was supported by a robust expansion in sales, which reached ₹237.73 crore, marking a substantial increase from the ₹92.78 crore achieved in FY25.

The financial performance for the fourth quarter of FY26 also reflected strong momentum, with the company posting a net profit of ₹2.98 crore. Revenue for Q4FY26 stood at ₹40.45 crore, while total income for the quarter was ₹41.21 crore. The operating profit margin (OPM) for the quarter improved to 13.15%, up from 6.89% in the same period of the previous year.

Financial Performance Overview

The company's balance sheet as of March 31, 2026, showed total assets of ₹204.30 crore, a significant increase from ₹136.22 crore in the prior year. This growth was largely attributed to a rise in current assets, which increased to ₹119.92 crore from ₹47.07 crore. Equity share capital remained constant at ₹25.71 crore, while total equity stood at ₹81.61 crore.

Metric	FY26	FY25
Revenue	237.73	92.78
Total Income	239.99	93.90
Expenditure	-234.29	-101.76
Net Profit	1.31	-13.69
OPM %	4.21	-4.89
NPM %	0.55	-14.75

Strategic Outlook

Wardwizard Foods continues to leverage its manufacturing infrastructure and export-focused strategy to capitalize on global demand for Indian convenience foods. The company operates through its flagship brands, QuikShef and WOL, serving retail, HORECA, and export markets. Management has identified the CIS region, Europe, and Africa as key export frontiers, aiming to multiply export turnover significantly over the next three years.

The company's market data indicates strong growth potential in categories such as sauces, mayonnaise, dips, ready-to-eat foods, and frozen foods. With certifications including FSSAI, BRCGS, HALAL, USFDA, and FSSC 22000, the firm is positioned to meet global food safety standards and scale its international operations.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.40%	-15.56%	-17.83%	-6.23%	+120.79%	-80.60%

Wardwizard Foods and Beverages Limited reported a financial turnaround for the year ended March 31, 2026, posting a net profit of ₹1.31 crore compared to a net loss of ₹13.69 crore in the prior year. Revenue from operations surged 156.23% year-on-year to ₹237.73 crore from ₹92.78 crore in FY25. The Board of Directors approved the standalone audited financial results at a meeting held on May 30, 2026. The company clarified that the Cash Flow Statement and Segment Reporting were inadvertently omitted from the initial filing and have now been submitted.

Financial Performance: FY26 vs FY25

The company recorded a total comprehensive income of ₹1.36 crore for FY26 against a total comprehensive loss of ₹13.54 crore in the previous year. For the fourth quarter ended March 31, 2026, revenue from operations stood at ₹40.45 crore, with a net profit of ₹2.99 crore. EBITDA for the year improved to ₹7.76 crore from a negative EBITDA of ₹5.66 crore in FY25, with an EBITDA margin of 3.23%.

Metric:	Q4 FY26 (Audited)	Q4 FY25 (Audited)	FY26 (Audited)	FY25 (Audited)
Revenue from Operations (₹ crore):	40.45	39.14	237.73	92.78
Total Income (₹ crore):	41.21	39.20	239.98	93.90
Total Expenses (₹ crore):	38.78	38.93	239.29	107.77
Net Profit/(Loss) (₹ crore):	2.99	0.68	1.31	(13.69)
Basic EPS (₹):	0.12	0.03	0.05	(0.53)

Balance Sheet Highlights

Total assets increased to ₹2,042.98 crore as of March 31, 2026, from ₹1,362.22 crore a year earlier. Trade receivables rose substantially to ₹836.40 crore from ₹250.68 crore, while trade payables increased to ₹788.64 crore from ₹210.45 crore. Total equity stood at ₹816.05 crore compared to ₹802.45 crore in FY25.

Qualified Audit Opinion

Statutory auditors M/s. Mahesh Udhwani & Associates issued a qualified opinion on the standalone financial results. The auditors cited two main areas of concern:

Outstanding Advances: "Other Current Non-Financial Assets" includes outstanding advances of ₹760 lacs classified under Current Assets. The company has not recognised any impairment provision, and auditors stated there was insufficient evidence regarding recoverability.
Other Current Financial Assets: The balance includes ₹108 lacs on which the company has not recognised any Expected Credit Loss (ECL) provision. Auditors noted insufficient evidence supporting recoverability.

Additionally, the auditors included an Emphasis of Matter regarding borrowings of ₹2,941.99 lacs payable to Indian Credit Co-operative Society, for which balance confirmations and loan statements were not made available for verification.

Management Response

Management stated that the advances of ₹760 lacs were given in the ordinary course of business and are not considered doubtful of recovery. Regarding the ₹108 lacs in financial assets, management asserted they are recoverable and no material adverse circumstances were observed. The company assessed the impact on financial statements as NIL for both qualifications. The auditors, however, maintained that the amounts are not recoverable and that provisions should be made.

Segment Reporting

The company reported segment information for the first time, as it was operating a single segment in the prior period. Segment B (Food Commodities) was the primary revenue driver, contributing ₹225.46 crore for the year ended March 31, 2026. Segment A (Sale of RTE, Frozen, Sauces & Mayo) reported a loss of ₹7.02 crore, while Segment C (Services) reported a profit of ₹6.08 crore.