Chatha Foods Releases Revised Conference Call Transcript with FY29 Revenue Target
Chatha Foods Limited released the revised transcript of its February 26, 2026 conference call, providing comprehensive financial guidance through FY29 with revenue targets of ₹325+ crores in FY27, ₹450+ crores in FY28, and ₹550+ crores in FY29. The management outlined detailed margin structures with 30%+ gross margins and progressive PAT margins reaching 9-10% by FY29, supported by three facilities with 30,800 MT annual capacity.

*this image is generated using AI for illustrative purposes only.
Chatha Foods Limited has submitted the revised transcript of its conference call held on February 26, 2026, to BSE Limited on March 3, 2026, under SEBI Regulation 30. The comprehensive knowledge session, hosted by Go India Advisors, featured detailed discussions on the company's expansion strategy, financial projections, and operational roadmap through FY29.
Management Participation and Leadership
The conference call was led by Managing Director Mr. Paramjit Singh Chatha, who brings over 25 years of experience in the frozen and ready-to-eat processed food industry, alongside Chief Financial Officer Mr. Vishal Sirmauria, who has been with the company for over a decade. The session provided extensive insights into the company's three-facility expansion plan and multi-year growth strategy.
| Leadership Details | Information |
|---|---|
| Managing Director | Mr. Paramjit Singh Chatha (25+ years experience) |
| Chief Financial Officer | Mr. Vishal Sirmauria (10+ years at Chatha Foods) |
| Conference Date | February 26, 2026 |
| Revised Submission | March 3, 2026 |
| Host | Go India Advisors LLP |
Comprehensive Revenue Projections Through FY29
Management provided detailed multi-year revenue guidance across all three manufacturing facilities, outlining a clear path to ₹550+ crores by FY29:
FY27 Revenue Breakdown by Facility
| Facility | FY27 Revenue Target | Capacity Utilization |
|---|---|---|
| Non-vegetarian Facility | ₹185-190 Cr | 80-85% |
| Vegetarian Facility | ₹60 Cr | 25-30% |
| Allana JV Facility | ₹85-90 Cr | 50% |
| Total FY27 | ₹325+ Cr | Combined target |
Multi-Year Revenue Trajectory
| Financial Year | Revenue Target | Key Capacity Drivers |
|---|---|---|
| FY27 | ₹325+ Cr | New facilities operational |
| FY28 | ₹450+ Cr | Increased utilization rates |
| FY29 | ₹550+ Cr | Full capacity utilization |
Margin Structure and Profitability Framework
The management outlined differentiated margin profiles across product categories, with enhanced margins from new facilities:
Gross Margin by Product Category
| Product Category | Gross Margin | Peak EBITDA Margin |
|---|---|---|
| Non-vegetarian Products | 27-28% | 15%+ (full capacity) |
| Vegetarian Products | 30-32% | 15%+ (full capacity) |
| Allana JV Products | 32% | 15%+ (full capacity) |
| Combined Target | 30%+ | 15%+ at peak |
PAT Margin Progression Timeline
| Financial Year | PAT Margin Target | Revenue Base |
|---|---|---|
| FY27 | 5-6% | ₹325+ Cr |
| FY28 | 7-8% | ₹450+ Cr |
| FY29 | 9-10% | ₹550+ Cr |
Operational Metrics and Facility Status
During the call, management provided current operational status and near-term targets for all three facilities:
| Facility | Current Status | Target Utilization (FY27) |
|---|---|---|
| Chicken Facility | 75-80% utilization | 80-85% |
| Vegetarian Facility | Line trials in March | 25-30% |
| Allana JV Facility | Line trials ongoing | 50% |
| Total Capacity | 30,800 MT/year | Phased ramp-up |
Strategic Partnerships and Export Markets
The company highlighted its long-standing relationships with major QSR chains, including a 23-year partnership with Subway since 2003. Through the Allana joint venture, the company is targeting international markets across 85 countries, with samples already sent to Singapore, Vietnam, Kuwait, Iraq, and Senegal.
Certification and Compliance Status
| Facility | Current Certifications | Planned Certifications |
|---|---|---|
| Chicken Unit | BRC Certified | Maintained |
| Vegetarian Facility | FSSAI in process | BRC within 3-4 months |
| Allana JV | FSSC 22000 obtained | BRC in process |
Working Capital and Financial Management
Management confirmed maintaining optimal working capital cycles across operations:
| Parameter | Current Performance | Target |
|---|---|---|
| Working Capital Days | 58 days | 55 days |
| JV Facility Cycle | N/A | 30-35 days |
| Bad Debts | Negligible | Maintained low |
The revised conference call transcript provides comprehensive insights into Chatha Foods' ambitious expansion strategy, with clear financial targets and operational milestones through FY29, positioning the company for substantial growth in the processed and frozen food segment.
Historical Stock Returns for Chatha Foods
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +17.51% | +4.63% | -5.13% | -24.19% | -34.72% | -7.18% |































