In This Article:
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Consolidated Revenue (Q3 FY '25): INR 147.5 crores, up 13.8% year-on-year.
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Stand-alone Revenue (Q3 FY '25): INR 121.1 crores, up 17.3% year-on-year.
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Consolidated EBITDA (Q3 FY '25): INR 26.4 crores, down 2.2% year-on-year.
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Stand-alone EBITDA (Q3 FY '25): INR 25.5 crores, down 3.6% year-on-year.
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Consolidated EBITDA Margin (Q3 FY '25): 17.9%, decreased by 290 basis points year-on-year.
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Stand-alone EBITDA Margin (Q3 FY '25): 21%, decreased by 460 basis points year-on-year.
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Consolidated PAT (Q3 FY '25): INR 18.8 crores, down 1.8% year-on-year.
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Stand-alone PAT (Q3 FY '25): INR 20.2 crores, down 0.4% year-on-year.
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Consolidated PAT Margin (Q3 FY '25): 12.7%.
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Stand-alone PAT Margin (Q3 FY '25): 16.7%.
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9-Month Consolidated Revenue (FY '25): INR 430.5 crores, up 17.4% year-on-year.
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9-Month Consolidated EBITDA (FY '25): INR 73.7 crores, up 4.3% year-on-year.
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9-Month Consolidated PAT (FY '25): INR 52.8 crores, up 8.3% year-on-year.
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CapEx Spend (9 months FY '25): INR 22 crores.
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Cash Balance: INR 143 crores.
Release Date: February 17, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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ADF Foods Ltd (BOM:519183) reported a 13.8% year-on-year increase in consolidated revenues for Q3 FY25, reaching INR 147.5 crores.
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The company maintained high teen EBITDA margins despite challenges such as increased raw material prices and freight costs.
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ADF Foods Ltd's cold storage facility in Nadiad became operational, enhancing supply chain capabilities and order fulfillment.
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The expansion of the Surat greenfield facility is on schedule, expected to support new and existing frozen food lines by the second half of FY26.
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The company remains debt-free with a cash balance of INR 143 crores, indicating strong financial health.
Negative Points
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EBITDA for Q3 FY25 decreased by 2.2% year-on-year, with margins dropping by 290 basis points.
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The distribution business experienced volatility, causing a drag on overall business performance.
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Freight costs remain an uncontrollable expense, impacting margins significantly.
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The Truly Indian and Soul brands are still in investment mode, contributing to losses at the EBITDA level.
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There was a sequential dip in top-line business due to container availability issues and seasonal stocking by distributors.
Q & A Highlights
Q: Can you provide details on the investment in ADF U.K. Limited and its purpose? A: The investment will be used to support our U.S. businesses, particularly to increase working capital due to rising demand for Unilever products and to invest in the Truly Indian brand. This is part of a strategic move to enhance distribution in the U.K. and U.S. markets.