Mishtann Foods Reports Robust Q1 Performance with 16% Profit Growth
Mishtann Foods announced strong Q1 results with net profit up 16% to ₹827.00 crore and revenue slightly increased to ₹3,860.00 crore. EBITDA rose 15.2% to ₹842.00 crore, with EBITDA margin improving to 21.81%. The company also appointed a Secretarial Auditor, Tax Auditor, and Nodal Officer for IEPF matters, reflecting commitment to corporate governance.
Mishtann Foods experienced a downturn in Q4 FY24, with revenue decreasing by 2.36% to ₹322.70 crore and net profit falling by 21.70% to ₹72.90 crore compared to Q4 FY23. EBITDA dropped by 23.01% to ₹74.30 crore, while the EBITDA margin contracted to 23.02% from 29.20%. The company's EPS also declined by 26.88% to ₹0.68.