Krishival Foods Ltd

Krishival Foods Ltd has released an investor update for Q1FY27, highlighting a significant 230% year-on-year increase in ice cream revenue, driven by seasonal demand, expansion of its deep freezer network to ~17,280 units, and the successful launch of premium products like the Marvel range. The ice cream business saw its EBITDA margin improve to 10.05% from 7.80% in the previous quarter, despite challenges like oil price hikes and diesel availability issues. The company added approximately 1,780 new deep freezers, with over 80% deployed in Andhra Pradesh. The Nuts & Dry Fruits business grew 10% YoY, clocking ₹37.38 crore in revenue, with EBITDA margins at 18.24%. New value packs were introduced in the nuts and dry fruits segment. The ice cream manufacturing facility operates at 40% capacity utilization, with full utilization targeted by Q1 FY29. The expanded nuts facility, doubling capacity to 20 MT per day, is undergoing a phased utilization ramp-up.

Krishival Foods Ltd reported strong Q1 FY27 results with Revenue from Operations surging 80% YoY to ₹88.96 crore. The company's ice cream brand, Melt N Mellow, was a key growth driver, tripling its YoY sales and contributing significantly to the overall performance. EBITDA increased by 50% YoY to ₹11.57 crore, while Net Profit rose 27% YoY to ₹5.60 crore. The company also launched 13 new products and expanded its distribution network, particularly in Andhra Pradesh for its ice cream business.

Krishival Foods Ltd has submitted its Second Monitoring Agency Report for the quarter ended June 30, 2026. The report, issued by Brickwork Ratings India Private Limited, details the utilization of funds raised through a Rights Issue of Equity Shares amounting to ₹99.99 Crore. The monitoring agency confirmed no deviation from the stated objects for the utilization of these proceeds during the specified quarter. The report adheres to SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Krishival Foods Limited has filed a statement detailing deviations in the utilization of funds raised through a rights issue on January 20, 2026. The total amount raised was ₹3499.29 Lakhs. For the quarter ended June 30, 2026, there were deviations in the utilization for 'Part-funding of capital expenditure for setting up a processing and packaging unit for cashews and other nuts at Kolhapur, Maharashtra' and 'Part-funding working capital requirements of the Company'. The original object for capital expenditure was ₹2500.00 lakh, with ₹576.20 lakh utilized at the beginning of the quarter and ₹799.15 lakh utilized at the end, resulting in a deviation of ₹1375.35 lakh. For working capital, ₹5000.00 lakh was allocated, with ₹992.25 lakh utilized at the beginning of the quarter and ₹0.00 utilized at the end, showing a deviation of ₹992.25 lakh. The company has stated that these deviations are not pursuant to a change in contract terms or objects approved by shareholders.

Krishival Foods' consolidated Q1 FY27 revenue rose 79.7% YoY to ₹88.96 Cr (from ₹49.52 Cr), almost exactly matching management's own release citing "revenue up 80% to ₹88.96 Cr" and "Ice Cream revenue up 230% YoY" — verified: the Ice Cream segment grew from ₹15.63 Cr to ₹51.58 Cr, a 229.99% jump, while the legacy Nuts & Dry Fruits business (standalone entity) grew a modest 10.3% to ₹37.38 Cr. Sequentially, revenue fell 12.8% from ₹102.07 Cr in the seasonally stronger Q4 FY26, a normal pattern for this nuts/dry-fruits-led business and not indicative of a slowdown. Bottom line growth trailed the topline sharply: consolidated PAT rose 27.2% YoY to ₹5.60 Cr (from ₹4.40 Cr) and was flat QoQ (+0.4% vs ₹5.58 Cr). Net margin compressed to 6.22% of total income from 8.50% a year ago, even as segment-level operating margin actually expanded to 11.79% from 10.92% — the divergence traces to finance costs more than doubling (+161% YoY to ₹1.40 Cr) and depreciation up 131% YoY to ₹3.04 Cr, both consistent with capacity investment behind the ice cream ramp, plus a sharp drop in other income (₹1.08 Cr vs ₹2.30 Cr). Segment PBIT confirms the mix shift is now doing the work: Ice Cream PBIT rose to ₹3.99 Cr from ₹0.28 Cr YoY, while Nuts & Dry Fruits PBIT actually fell 25.9% to ₹4.53 Cr from ₹6.11 Cr. Profit attributable to owners (after minority interest, which jumped to ₹0.80 Cr from ₹0.13 Cr) grew just 12.3% YoY to ₹4.80 Cr — noticeably weaker than the headline PAT growth. The company has no formal prior guidance on record and no identifiable analyst/street coverage was found for this small-cap name, so both vs-guidance and vs-street comparisons are marked unknown rather than inferred. Management's own framing — "positive" performance, "bullish" outlook, headlined by the ice cream growth — is numerically accurate on revenue but is silent on the margin compression and the standalone (core) segment's profit decline. Corporate-action context this quarter includes the promoter group's share acquisition via the ongoing rights issue, conversion of 27.72 lakh partly-paid rights shares to fully paid (effective Aug 5, 2026, with 5.61 lakh shares still partly paid), and a separate deviation disclosure on rights-issue fund utilization — all consistent with a company mid-way through funding its ice cream capacity build-out, which is the direct driver of the elevated finance and depreciation charges pressuring near-term margins.

Krishival Foods Limited held a board meeting on August 11, 2026, to approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The board also reviewed related party transactions and fund utilization from a right issue. The auditor provided a limited review report with an unmodified opinion. The financial results will be published in newspapers and made available on the company's website. The trading window for designated persons will reopen on August 14, 2026.

Krishival Foods Limited has disclosed a substantial acquisition of shares by its Promoter Group through a rights issue, as per SEBI SAST Regulations 2011. Aparna Sujit Bangar, along with Nana Prakash Mhaske and Anant Pandurang Kulkarni, who are part of the promoter group, participated in the rights issue. Following the allotment, Aparna Sujit Bangar's shareholding increased, and the total promoter group holding remains significant. The company's equity share capital has also seen an increase post-allotment.

Krishival Foods Limited has filed a disclosure under SEBI (PIT) Regulations, 2015, detailing changes in shareholding by a member of the promoter group. Aparna Sujit Bangar, along with Nana Prakash Mhaske and Anant Pandurang Kulkarni, reported a transaction related to a rights issue allotment. Prior to the acquisition, the promoter group held a significant stake. Post-acquisition, the shareholding percentage remains the same, but the number of shares has changed due to the rights issue. The transaction involved the allotment of fully paid-up equity shares from a rights issue, with a total value of ₹37,21,08,300.

Krishival Foods Ltd announced that its Board of Directors, during a meeting held on August 5, 2026, approved the re-appointment of Mr. Shailesh Kumar Jain and Mr. Neeraj Kulbhushan Taandon as Non-Executive Independent Directors. Both appointments are for a second term of five years, commencing August 6, 2026, and ending August 5, 2031. These re-appointments are subject to the approval of the company's shareholders via a Special Resolution. The board meeting also included recommendations from the Nomination and Remuneration Committee.

Krishival Foods Ltd announced the successful completion of its First and Final Call for its rights issue. The company received an aggregate amount of ₹54,05,65,935 on 27,72,120 partly paid-up equity shares. Consequently, these shares have been converted into fully paid-up equity shares under existing ISIN INE0GGO01015. The converted shares will rank pari passu with existing fully paid-up shares and will be available for trading on NSE and BSE. The company also noted that reminder notices will be issued for the remaining 5,61,040 partly paid-up shares where the call remains unpaid.