Analysts/Institutional Investor Meet/Con. Call Updates

ADF Foods reported strong Q1 FY27 financial results, with consolidated revenue up 25.9% YoY to INR 167.3 Cr and EBITDA up 26% YoY to INR 29.7 Cr (17.7% margin). This growth occurred despite elevated freight costs and geopolitical challenges.

The company received an INR 19.69 Cr tariff refund, with INR 7 Cr booked in Q1. The new Surat frozen food facility commenced commercial deliveries, targeting INR 40-50 Cr revenue in FY27. Management is cautiously optimistic, guiding for over INR 900 Cr revenue and high-teen EBITDA margins for FY27, backed by a robust order book and strategic brand investments.