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ADF Foods' net profit increases by 72% to Rs 20 cr in March quarter

 FMCG company ADF Foods Ltd on Monday reported a 72 per cent rise in its standalone profit after tax to Rs 20.30 crore for the March 2023 quarter on account of higher revenues. It had reported a PAT of Rs 11.80 crore for the year-ago quarter, the company said in a statement. The company's revenue from operations surged 19 per cent to Rs 98.2 crore from Rs 82.4 crore in January-March FY22. The board has recommended a dividend of Rs 5 per share for the financial year ended March 31, 2023. On a business update, ADF Foods said its greenfield expansion plan for frozen food capacity is expected to kick off in the second quarter of FY24 and be complete in 12-18 months. ADF Foods Chairman & Managing Director Bimal Thakkar said, "Our flagship brand Ashoka remains a top Indian food brand in stores across the US, UK and Asia Pacific, thanks to our dedication towards traditional recipes and high-quality ingredients. Our planned expansion in Surat will unlock further frozen food production...
08-05-2023
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ADF FOODS LTD.-$ - 519183 - Announcement under Regulation 30 (LODR)-Newspaper Publication

 Pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith copies of the newspaper publication for the Audited Financial Results of the Company for the Fourth Quarter and Financial Year ended 31st March, 2023, published in the following newspapers today i.e. Monday, 08th May, 2023: 1. "Free Press" - Ahmedabad Edition (English); and 2. 'Lokmitra' - Ahmedabad Edition (Gujarati).
08-05-2023
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Q4FY23 Quarterly & FY23 Annual Result Announced for ADF Foods Ltd.

 Packaged foods company ADF Foods announced Q4FY23 & FY23 results: Highest-ever standalone annual revenue, EBITDA, and PAT coupled with robust expansion in EBITDA and PAT margin. It is the highest standalone PAT margin in the history of the company on a quarterly as well as yearly basis In Q4FY23, consolidated revenue grew by 13.8% to Rs 123.1 crore YoY EBITDA and PAT grew by 73.2% to Rs 26.5 crore and 42.6% YoY Rs 16.1 crore respectively Our flagship brand ‘Ashoka’ has now crossed Rs 200 crore in Revenue, growing at a CAGR of 33.2% over the past 2 years The board has recommended a dividend of Rs 5 per share The board has approved a sub-division of the equity shares of the company having a face value of Rs 10 each into shares having a face value of Rs 2 each Commenting on the Results, Bimal Thakkar, Chairman & Managing Director, said, “ADF Foods has delivered a strong Q4 performance, with robust revenue and PAT on a standalone and consolidated basis. Our flagship brand ‘Ashoka’ remains a top Indian food brand in stores across the US, UK, and Asia Pacific, thanks to our dedication towards traditional recipes and high-quality ingredients. We have completed debottlenecking efforts in our existing plants to meet growing demand, and our planned expansion in Surat and infrastructure in existing plants will unlock further frozen food production capacity. Our commitment to sustainable manufacturing processes and adherence to global standards of quality have helped us become one of India’s leading exporters in the processed foods business. Investments are being made towards sales and distribution for our Soul brand in India due to the encouraging response we've received. On overseas operations, we have made significant investments in our US subsidiaries in creating infrastructure and improving the supply chain the results of which are expected to yield in the future. Also, ADF USA did not contribute due to supply chain issues which led to an adverse effect of Rs 7 crore in profitability. We are closely working on the situation to mitigate these costs. We remain focused on leveraging our expertise to drive growth and profitability in the future.” Result PDF
08-05-2023
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Annual report for ADF Foods Ltd. for FY-2023
07-05-2023
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ADF FOODS LTD.-$ - 519183 - Disclosure Of Related Party Transactions Under Regulation 23(9) Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015.

 Pursuant to Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith the disclosure of Related Party Transactions for the Half Year ended 31st March, 2023.
06-05-2023
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ADF FOODS LTD.-$ - 519183 - Announcement under Regulation 30 (LODR)-Press Release / Media Release

 Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations, 2015, we enclose herewith Press Release dated 6th May, 2023.
06-05-2023
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ADF FOODS LTD.-$ - 519183 - Announcement under Regulation 30 (LODR)-Investor Presentation

 Please find enclose herewith the Corporate Presentation of the Company for the Fourth Quarter and Financial Year ended 31st March, 2023.
06-05-2023
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ADF FOODS LTD.-$ - 519183 - Announcement under Regulation 30 (LODR)-Updates on Acquisition

 Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in furtherance to our letter dated 9th July, 2022, we hereby inform that the Board of Directors of the Company, in the Board Meeting held today i.e. on Saturday, 6th May, 2023, inter alia considered and approved acquisition of additional shares in Telluric Foods (India) Limited, Wholly Owned Subsidiary of the Company.
06-05-2023
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ADF FOODS LTD.-$ - 519183 - Intimation Of Record Date/ Book Closure Dates Under Regulation 42 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015.

 Pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Final dividend, if approved by the Members at the ensuing AGM, will be paid within thirty days from the date of declaration of dividend, to those Members whose names appear Register of Members / List of Beneficial Owners of the Company as on Thursday, 3rd August, 2023 (''Record Date''), received from the Depositories. Further, the Register of Members and Share Transfer Books of the Company will remain closed from 4th August, 2023 to 9th August, 2023 (both days inclusive) for the purpose of holding Annual General Meeting.
06-05-2023
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ADF FOODS LTD.-$ - 519183 - Intimation Of Record Date/ Book Closure Dates Under Regulation 42 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015.

 Pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Final dividend, if approved by the Members at the ensuing AGM, will be paid within thirty days from the date of declaration of dividend, to those Members whose names appear Register of Members / List of Beneficial Owners of the Company as on Thursday, 3rd August, 2023 ('Record Date'), received from the Depositories. Further, the Register of Members and Share Transfer Books of the Company will remain closed from 4th August, 2023 to 9th August, 2023 (both days inclusive) for the purpose of holding Annual General Meeting.
06-05-2023
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