Foods & Inns Ltd has witnessed significant developments in its promoter shareholding structure, with Mrs. Rekha Dalal making fresh share acquisitions while maintaining existing pledge arrangements.

Latest Share Acquisition

Mrs. Rekha Dalal, a promoter of Foods & Inns Ltd, has acquired an additional 12,500 shares on December 17, 2025. This latest transaction increases her total shareholding to 2,274,000 shares, representing 3.10% of the company's total share capital, up from her previous holding of 3.08%.

Existing Share Pledge Structure

Prior to this acquisition, Mrs. Rekha Dalal had created a pledge of 39,000 shares to Tata Capital Limited on December 9, 2025, bringing her total encumbered shareholding to 378,000 shares for loan purposes.

Updated Promoter Shareholding Position

Following the recent acquisition, Mrs. Rekha Dalal's updated shareholding structure shows strengthened promoter commitment to the company. The acquisition represents a 0.02% increase in her stake.

Business Performance Context

The company continues to demonstrate strong operational performance with a robust 25.70% year-on-year volume growth reported in Q2 FY26. Management has set an internal target of 20% volume growth for both the current and next fiscal year. The tomato business has secured significant volume commitments with expected revenue between ₹75.00-90.00 crores, while the frozen foods segment targets revenue between ₹90.00-105.00 crores for FY26.

Regulatory Compliance

The shareholding disclosure has been made under Regulation 29 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company's shares are listed on both BSE Limited and NSE, ensuring transparency in promoter shareholding changes and maintaining regulatory compliance standards.

Foods & Inns Limited, a leading food processing company, has reported a robust 25.7% year-on-year volume growth in the second quarter of fiscal year 2026. However, the company faced a 2.1% decline in EBITDA, primarily due to forex losses and increased operational expenses.

Key Highlights

• Volume growth: 25.7% year-on-year in Q2 FY26
• EBITDA: 2.1% decline
• Forex losses: INR 5.00 crore
• Significant tomato paste orders secured: INR 75.00-90.00 crores

Financial Performance

Despite the strong volume growth, Foods & Inns experienced a slight setback in its EBITDA performance. The company attributed this decline to two main factors:

1. Forex losses amounting to INR 5.00 crore
2. Higher operational expenses resulting from increased in-house production capacity

Operational Developments

Tomato Paste Orders

Foods & Inns has secured significant tomato paste orders worth INR 75.00-90.00 crores. These orders are expected to be dispatched by June 2026, indicating a strong pipeline for the coming quarters.

Export Outlook

The company is optimistic about its export prospects, particularly in the mango pulp segment. Indian mango pulp has become price competitive against Mexican products, potentially opening up new market opportunities.

Growth Target

Foods & Inns has set a target of 20% annual volume growth, reflecting confidence in its market position and operational capabilities.

Segment Performance

Frozen Foods

The frozen foods category has shown promising growth, with Q2 FY26 volumes up by approximately 39% year-on-year.

Kusum Spices

While the Kusum Spices segment has maintained stable performance, the company plans to implement new digital marketing strategies to drive growth in this category.

Tetra Recart

The company is seeing slow but steady progress in its Tetra Recart segment, with new orders coming from various countries, particularly Russia. Foods & Inns is also expanding its presence in the Canadian and North American markets for this product line.

Future Outlook

Foods & Inns remains optimistic about its growth prospects, citing several factors:

1. Strong export demand, especially for mango pulp
2. Expansion into new geographical markets
3. Increasing demand in the frozen food category
4. Potential growth in the Tetra Recart segment

The company is also exploring options for capacity expansion, including the addition of a mid-sized spray drying plant with low capital expenditure.

As Foods & Inns continues to navigate challenges such as forex fluctuations and increased operational costs, its focus on volume growth and market expansion may position it well for future success in the competitive food processing industry.