StockWatch
·
Filing
Q4

ADF FOODS LTD.-$

ADFFOODSFY2613 May 2026
Revenue+3.0%
Net Profit+15.8%
OPM17.43%

P&L

Quarterly Consolidated

Revenue
+3.0%196.73
Expenditure
+5.7%168.94
Net Profit
+15.8%25.91
NPM 12.61%+9.1%EPS ₹2.36+15.7%

vs Q3 FY26

ADF Foods: Q4FY26 Revenue Up 23.7% YoY to ₹196.7 Cr

13 May 2026 · 13 May, 10:12 pm

Summary

ADF Foods Limited announced strong financial results for the fourth quarter and full fiscal year ended March 31, 2026. For Q4 FY26, consolidated revenue reached an all-time high of ₹196.7 Cr, growing by 23.7% year-on-year, while consolidated PAT surged by 57.6% to ₹25.9 Cr. The full fiscal year FY26 also demonstrated robust performance, with consolidated revenue growing 15.9% to ₹683.2 Cr and consolidated PAT increasing 39.7% to ₹96.8 Cr. Mr. Bimal Thakkar, Chairman & Managing Director, highlighted strong business momentum from past listings and brand penetration, alongside the successful commencement of operations at the Surat greenfield facility. Despite near-term challenges from the West Asia situation, the company remains cautiously optimistic about maintaining its long-term growth trajectory.

Key Highlights

  1. 1

    ADF Foods reported highest-ever consolidated quarterly revenue for Q4 FY26, reaching ₹196.7 Cr, marking a robust 23.7% year-on-year growth.

  2. 2

    Consolidated EBITDA for Q4 FY26 increased by 38.9% year-on-year to ₹34.3 Cr, achieving an EBITDA margin of 17.4%.

  3. 3

    Consolidated Profit After Tax (PAT) for Q4 FY26 surged by 57.6% year-on-year to ₹25.9 Cr, with a PAT margin of 13.2%.

  4. 4

    For the full fiscal year FY26, consolidated revenue from operations grew by 15.9% to ₹683.2 Cr, while consolidated PAT increased by 39.7% to ₹96.8 Cr.

  5. 5

    Standalone revenue for Q4 FY26 rose by 11.6% year-on-year to ₹150.3 Cr, with standalone PAT increasing by 40.0% to ₹30.1 Cr for the quarter.

  6. 6

    The company's Board recommended a final dividend of 30%, bringing the total dividend for FY26 to 60%.

  7. 7

    Operations have successfully commenced at the Surat greenfield facility in Q4 FY26, with scale-up planned for future quarters.

Management Comments

M

Mr. Bimal Thakkar

We delivered a strong performance in Q4FY26 with consolidated revenues reaching an all-time high of Rs. 196.7 crores, representing a robust 23.7% year-on-year growth. On a standalone basis, revenues increased by 11.6% year-on-year to Rs. 150.3 crores. Despite prevailing challenges including tariffs, West Asia conflict, and supply chain issues, our business saw continued momentum fueled by significant traction from listings secured in the past few quarters and strengthening our brand penetration and distribution across all our key markets. Our consolidated EBITDA reached Rs. 34.3 crores with healthy margins of 17.4%. On a standalone basis, EBITDA increased by 24.8% to Rs. 36.5 crores. This was driven by an improved product mix and continued focus on cost optimization. Our flagship brand, Ashoka, continues to strengthen its market presence driven by strong diaspora demand, and our mainstream brand, Truly Indian has exceeded expectations with a marked acceleration in its growth trajectory. We are proud to announce that Truly Indian has won the NEXTY award in the Best Breads and Bakery Product category for its Tikka Masala Naan and also won the Freezies Award in Best Frozen Bread & Bakery category for its Garlic Naan. We have successfully commenced operations at our Surat greenfield facility in Q4FY26 with scale up planned over the coming quarters. We continue to witness strong brand-led traction, supported by deeper penetration. The ongoing West Asia situation poses near-term challenges to GCC sales, freight costs, and transit timelines. However, with our sustained focus on execution excellence and operational discipline, we remain cautiously optimistic in our ability to maintain the current growth trajectory over the long term.

Informational and educational content only. Not investment advice.