Sundrop Brands Limited (formerly known as Agro Tech Foods Limited) has announced another key managerial appointment involving Ms. Kavita. The company has now appointed her as Company Secretary and Key Managerial Personnel at Del Monte Foods Private Limited (DMFPL), its material subsidiary, effective December 16, 2025.

Latest Appointment Details

Ms. Kavita, who was previously appointed as Company Secretary, Compliance Officer, and Nodal Officer at Sundrop Brands Limited on November 28, 2025, has now been designated to serve in a similar capacity at the company's material subsidiary. This appointment was approved by the Board of Directors of Del Monte Foods Private Limited in their meeting held on December 16, 2025.

Professional Background

Ms. Kavita brings extensive experience to her new role, with over 14 years of professional expertise across leading FMCG organizations. Her career spans across notable companies including Sundrop Brands Limited, Del Monte Foods Group, Walmart India, and Tata Consumer Products. She possesses specialized knowledge in corporate secretarial functions, legal and regulatory compliances, mergers and acquisitions, governance, and contract management across Indian and international entities.

Career Timeline at Sundrop Group

The appointment represents a strategic move within the Sundrop group of companies. Ms. Kavita's career progression shows her expanding role within the organization:

Regulatory Compliance

The appointment has been made in compliance with Section 203 of the Companies Act, 2013, and the ICSI (Employee Company Secretaries Identification Number) Guidelines, 2019. Sundrop Brands Limited has informed both BSE (Scrip Code: 500215) and NSE (Symbol: SUNDROP) about this appointment under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Ms. Kavita's expertise in FSSAI, Legal Metrology, and cross-border compliances, combined with her track record as a strategic business partner to management, positions her well to drive compliance excellence at the material subsidiary level.

Sundrop Brands Limited , a leading player in the Indian packaged food industry, has reported an 8% year-on-year revenue growth for the second quarter of fiscal year 2026, despite facing temporary challenges due to GST transition. The company's performance was driven by strong growth in its core categories and e-commerce channel.

Key Highlights

• Revenue grew by 8% year-on-year in Q2 FY26 and 10% in H1 FY26
• EBITDA increased by 29%, driven by a 250 basis points improvement in gross margin
• Core category salience expanded to 64% of total revenue
• E-commerce channel grew by 41% year-on-year
• B2B business, led by Del Monte, grew by 23%

Performance Across Categories

Sundrop Brands' performance varied across its different product categories:

The company's core categories, which now contribute 64% of total revenue, showed strong growth. The popcorn business, including both ready-to-cook and ready-to-eat formats, grew by 12% in value terms. The culinary segment, comprising ketchups and mayonnaise under the Del Monte brand, saw a 15% growth.

Notably, while the Italian category experienced a 3% decline in value, it achieved a 13% volume growth.

Channel Performance

Sundrop Brands witnessed significant growth in its e-commerce and B2B channels:

• E-commerce: 41% year-on-year growth
• B2B business (led by Del Monte): 23% growth

The company has been investing aggressively in these channels, particularly in e-commerce marketing, to drive growth.

Margin Improvement and Cost Efficiency

Sundrop Brands reported a 250 basis points improvement in gross margin, attributed to cost efficiency measures in material sourcing, manufacturing, and supply chain. The company engaged external advisors to optimize costs in these areas, resulting in an EBITDA growth of 29% (excluding one-time costs and ESOP expenses).

GST Impact

The company faced temporary challenges due to GST transition in September, which affected trade destocking. However, 95% of Sundrop Brands' business now falls under the 5% GST slab, which may drive consumption growth in the coming quarters.

Management Commentary

Nitish Bajaj, Group Managing Director of Sundrop Brands, commented on the results, saying, "We continue our growth journey in an equally strong way. Our relentless focus on expanding business in core categories is yielding very strong results, with our business saliency from core categories now at 64%."

Innovation and New Product Launches

To address competition and recover market share, particularly in the spreads category, Sundrop Brands has launched several new products:

• High-protein peanut butter variants in dark chocolate and honey flavors
• Jaggery and chocolate peanut butter formats for the mass segment
• New flavors in the ready-to-cook popcorn segment

Future Strategy

The company aims to:

1. Continue investing in core categories for growth
2. Expand e-commerce and B2B channels
3. Improve margins through cost efficiencies and synergies between Sundrop and Del Monte businesses
4. Focus on innovation to address market challenges and consumer preferences

With a strong balance sheet, zero debt, and a focus on capital efficiency, Sundrop Brands is well-positioned to pursue both organic growth and potential inorganic opportunities in the food sector.

As the company navigates through temporary challenges and invests in growth drivers, investors will be keenly watching its ability to maintain momentum in core categories and improve profitability in the coming quarters.