Himalaya Food International Reports Strong Q1 Results, Advances Strategic Initiatives
Himalaya Food International's Q1 FY2026 results show a 194.03% year-over-year increase in profits to Rs. 259.22 lacs, despite a slight 3.93% dip in revenue. The company has made significant progress in utilizing its rights issue funds, completing 50% of the final One-Time Settlement with banks. In response to US tariffs, the firm is revising prices and diversifying its global marketing strategy. Plans include re-entering the Indian market after 12 years and installing a new French Fries production line by December 2025. The company is also considering legal action against Simplot for equipment-related damages.
11Aug 25
Himalaya Food International Unveils Strategic Plan to Counter US Tariffs
Himalaya Food International Ltd (HFIL) has announced a comprehensive strategy to address recent US tariff impositions. The plan includes price revisions with existing US customers, global market diversification, and re-entry into the Indian domestic market after a 12-year absence. HFIL's CEO, Man Mohan Malik, expressed confidence in transforming this challenge into a growth opportunity. The company has communicated these initiatives to investors in compliance with SEBI regulations.
08Aug 25
Himalaya Food International Advances in One-Time Settlement, Deposits ₹17.20 Crore to SBI-Led Consortium
Himalaya Food International Limited (HFIL) has deposited ₹17.20 crore with State Bank of India as part of its One-Time Settlement (OTS) with a bank consortium. The company has paid a total of ₹77.30 crore as of August 7, with plans to pay the remaining ₹21.50 crore by December. This progress is part of HFIL's financial revival strategy and debt resolution process.
04Aug 25
HIL Limited Reports 42% Drop in Q1 EBITDA, Swings to Net Loss
Himalaya Food International, a building materials company, reported a net loss of ₹13 crore in Q1, compared to a profit of ₹126 crore in the same quarter last year. Revenue decreased by 4.55% to ₹1,050 crore, while EBITDA fell by 42% to ₹39.70 crore. The EBITDA margin also declined from 6.23% to 3.77% year-over-year.
29Jul 25
Himalaya Food International Unveils Ambitious Growth Strategy Post-Successful Rights Issue
Himalaya Food International Limited has shared an investor update following a successful rights issue. The company's promoters oversubscribed at 1119%, demonstrating strong confidence. The firm targets a 15% compounded quarterly growth rate, driven by increased U.S. exports, French fries production ramp-up, and expanded domestic sales. A 54,000 TPA French Fry project is set to commence in February 2025. The company plans to reduce its debt, with ₹98.50 crore to be repaid by December 2025, partly funded by the rights issue proceeds. Non-core asset monetization is underway to support debt reduction. Management aims to transform the company into one of India's most valuable food processing companies by 2028.
26Jun 25
Himalaya Food's Co-Promoters Inject ₹316.62 Crore Through Rights Issue
Co-promoters of Himalaya Food International have invested ₹316.62 crore through a rights issue, demonstrating strong confidence in the company's future. This substantial investment is expected to strengthen the company's financial position and align co-promoters' interests with other shareholders. The move is seen as a positive signal to the market about the company's internal outlook and potential.