ADF Foods Limited , a leading manufacturer of prepared ethnic foods, has reported a strong start to the fiscal year 2026, with consolidated revenue growing by 9.3% year-on-year to ₹132.90 crore in the first quarter. The company's performance comes amid its ambitious plan to achieve a revenue target of over ₹1,000 crore by FY27, as announced in its recent investor presentation.

Q1 FY26 Financial Highlights

• Consolidated revenue increased by 9.3% YoY to ₹132.90 crore
• EBITDA rose by 20% YoY to ₹23.50 crore, with margins improving to 17.7%
• Profit After Tax (PAT) grew by 5.9% YoY to ₹15.20 crore

The company's financial results demonstrate resilience in the face of global economic uncertainties, tariffs, and seasonal business fluctuations. ADF Foods managed to improve its EBITDA margin despite ongoing brand investments and rising input costs, which were effectively mitigated through disciplined cost management and enhanced operational efficiencies.

Segment Performance

ADF Foods operates in two primary business segments:

1. Processed and Preserved Foods: This segment generated revenue of ₹112.20 crore in Q1 FY26, with an EBITDA of ₹24.10 crore and an EBITDA margin of 21.5%.

2. Distribution Business: The segment reported revenue of ₹20.70 crore, with an EBITDA of ₹3.60 crore and a significantly improved EBITDA margin of 17.4%.

Strategic Initiatives and Outlook

Bimal Thakkar, Chairman & Managing Director of ADF Foods, highlighted several key developments:

1. Sales Team Reorganization: The strategic reorganization of the sales team in the USA and the formation of a new team in Australia have started to yield positive outcomes in terms of new listings.

2. Brand Refresh: The company successfully completed a brand refresh for 'Truly Indian' and showcased the updated identity at a prominent food exhibition, receiving encouraging feedback from trade and consumers. The refreshed packaging is set to roll out in Q3 FY26.

3. Expansion Plans: The Surat Greenfield facility expansion is progressing as planned and is on track to begin operations in the second half of FY26.

4. Future Outlook: Despite global economic uncertainties and tariffs, the company remains cautiously optimistic about sustaining its growth trajectory in the current financial year and expects to achieve meaningful scale across all business segments.

Path to ₹1,000+ Crore Revenue

ADF Foods has outlined its strategy to reach the ambitious revenue target of over ₹1,000 crore by FY27:

1. Brownfield & Debottlenecking: Expected to contribute ₹180-200 crore in incremental revenue.
2. Greenfield Expansion: Anticipated to add ₹250-275 crore to the top line.
3. Distribution Business & Outsourcing: Projected to bring in ₹100+ crore in additional revenue.
4. Brand Investments: Continuous and strategic investments in brands, particularly the flagship brand Ashoka, which is positioned for a 20-25% annual growth rate.

The company's multi-pronged approach, focusing on capacity expansion, brand strengthening, and market penetration, appears to be setting a solid foundation for achieving its revenue target.

As ADF Foods continues to navigate global challenges while pursuing its growth strategies, investors and industry observers will be keenly watching the company's progress towards its ambitious FY27 revenue goal.

ADF Foods Limited , a leading manufacturer of prepared ethnic foods, has announced its financial results for the first quarter of fiscal year 2026, demonstrating resilience in the face of global economic uncertainties.

Strong Revenue Growth

The company reported a consolidated revenue of INR 132.9 crores for Q1 FY26, marking a 9.3% increase year-over-year. This growth was achieved despite challenges such as global economic uncertainties, tariffs, and seasonal business fluctuations.

Profitability and Margins

ADF Foods maintained a robust profitability profile:

• EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) stood at INR 23.5 crores, with a margin of 17.7%.
• Net profit after tax (PAT) reached INR 15.2 crores, with margins at 11.5%.

The company successfully navigated rising input costs and ongoing brand investments through disciplined cost management and enhanced operational efficiencies.

Segment Performance

The company's two main business segments showed varied performance:

Strategic Initiatives and Outlook

Key highlights and future prospects include:

1. Brand Expansion: Secured new listings for the Ashoka brand in USA, UK, and Australia, and for the Truly Indian brand in USA during the quarter.
2. Diverse Portfolio: ADF Foods operates through five prominent brands including Ashoka, Truly Indian, ADF Soul, Camel, and Aeroplane.
3. Global Reach: The company serves 55+ countries globally with 400+ product SKUs.

Cautious Optimism

While expressing confidence in sustaining the growth trajectory, the management remains cautiously optimistic due to global economic uncertainties and tariffs. ADF Foods expects to achieve meaningful scale across all business segments in the current financial year.

ADF Foods continues to focus on expanding its global presence, enhancing operational efficiencies, and driving growth across its diverse product portfolio in the prepared ethnic food segment.