StockWatch
·
Filing
Q3

ADF FOODS LTD.-$

ADFFOODSFY2514 Feb 2025
Revenue-8.6%
Net Profit-4.6%
OPM10.61%

P&L

Quarterly Consolidated

Revenue
-8.6%147.49
Expenditure
-8.9%126.48
Net Profit
-4.6%18.76
NPM 12.39%+3.9%EPS ₹1.71-4.5%

vs Q2 FY25

ADF Foods Limited Reports Q3FY25 and 9MFY25 Financials: 9M YoY Revenue Growth of 20.6%

15 Feb 2025 · 15 Feb 2025, 02:30 am

Summary

ADF Foods Limited, a leading manufacturer of prepared ethnic foods, announced financial results for the third quarter and nine months ended 31st December 2024. The company reported a 20.6% YoY growth in revenue from operations, standing at Rs. 343.8 Cr for 9MFY25. The standalone PAT increased by 8.0% to Rs. 58.7 Cr.

Key Highlights

  1. 1

    Standalone revenue for the quarter was Rs. 121.1 Cr, registering a growth of 17.3% on a y-o-y basis.

  2. 2

    EBITDA stood at Rs. 25.5 Cr, with a margin of 21.0%.

  3. 3

    PAT stood at Rs. 20.2 Cr at a margin of 16.7%.

  4. 4

    For 9M FY25, standalone and consolidated revenue registered a growth of 20.6% y-o-y and 17.4% y-o-y to reach Rs. 343.8 Cr. and Rs. 430.5 Cr.

  5. 5

    Standalone PAT increased by 8.0% to Rs. 58.7 Cr, and by 8.3% on a consolidated basis.

Management Comments

M

Mr. Bimal Thakkar

Our consolidated revenue grew by 13.8% to INR 147.5 crores on YoY basis, driven by secular demand across all our brands and businesses. We sustained EBITDA margins in the high teens despite ongoing investments in brand development and strengthening of management bandwidth, increase in raw material and freight costs. Stringent cost control measures, process efficiencies, and rupee depreciation helped minimize the margin impact. Our strategy to broaden the reach of the India-focused ADF SOUL brand is advancing as scheduled. We have established a presence in the quick commerce market. Additionally, we also expanded into select modern trade outlets of Nature’s Basket, Reliance Fresh Signature, Haiko supermarket, Food Square, Dorabjee’s and DMart in the Mumbai and Pune region. Our cold storage facility at Nadiad became operational in the current quarter. This enhances our supply chain capabilities with respect to finished goods storage and the facility is now geared to optimise resources, better planning and order fulfilment. Overall our core business continues to grow at a consistent pace and our investments in ADF SOUL and Truly Indian brands should start generating momentum over the medium to long term.

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