ADF FOODS LTD.-$
P&L
Quarterly Consolidated
vs Q2 FY26
ADF Foods Limited Reports Q3 and 9M FY26 Financials: 29.5% YoY Revenue Growth
03 Feb 2026 · 3 Feb, 9:25 pm
Summary
ADF Foods Limited, a leading manufacturer of prepared ethnic foods, announced Financial Results for the third quarter and nine months ended 315t December 2025. The company reported a consolidated revenue growth of 29.5% YoY to Rs. 191.0 Cr, with a consolidated EBITDA increase of 40.6% to Rs. 37.1 Cr., and a consolidated PAT increase of 55.7% to Rs. 29.2 Cr.*.
Key Highlights
- 1
Consolidated revenue in Q3 FY26 grew by 29.5% y-o-y to Rs. 191.0 Cr.
- 2
Consolidated EBITDA increased by 40.6% to Rs. 37.1 Cr., with a margin of 19.4%.
- 3
Consolidated PAT increased by 55.7% to Rs. 29.2 Cr.*.
- 4
Standalone Revenue increased by 13.3% y-o-y at Rs. 137.2 Cr.
- 5
Standalone EBITDA increased by 35.1% y-o-y at Rs. 34.4 Cr., with a margin of 25.1%.
- 6
Standalone PAT increased by 34.7% y-o-y at Rs. 27.2 Cr.*.
- 7
The company's U.S. business continues to show substantial progress.
- 8
Consolidated EBITDA reached a record Rs. 37.1 crores, with healthy margins of 19.4%.
- 9
The company remains cautiously optimistic in its ability to maintain the current growth trajectory over the long term.
Management Comments
Mr. Bimal Thakkar — Chairman & Managing Director
We delivered a strong performance in Q3 FY26, with consolidated revenues reaching an all-time high of Rs. 191.0 crores, representing a robust 29.5% year on year growth. This momentum was fuelled by the continued traction from new listings secured in the past few quarters and strengthening brand penetration across all our key markets. Despite prevailing tariff challenges, our U.S. business continues to show substantial progress, benefiting from the enhancement of our sales force and strategic distributor level changes implemented at the beginning of CY2025. Our consolidated EBITDA also reached a record Rs. 37.1 crores, with healthy margins of 19.4%. This was driven by an improved product mix and continued focus on cost optimization. Our flagship brand Ashoka continues to strengthen its market presence, and our mainstream brand Truly Indian has exceeded expectations with a marked acceleration in its growth trajectory. We have successfully completed pilot runs at our upcoming Surat Greenfield facility, and Phase 1 is on track to become fully operational by Q4 FY26.
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