Krishival Foods Ltd

Meeting Details

• Board meeting scheduled for Wednesday, September 2, 2026; time and venue not disclosed.

Key Agenda Items

• Re-appointment of Sunil Kumar Agarwal as Non-Executive Independent Director subject to member approval.
• Approval of Related Party Transactions.
• Approval of Director’s Report, Corporate Governance Report, and MD&A for year ended March 31, 2026.
• Approve notice calling Annual General Meeting.
• Fix book closure dates for AGM.
• Fix record date for dividend declaration.
• Decide time, venue, and date of AGM.
• Appoint Scrutinizer for AGM.

Other Notes

• Trading window closed for designated persons and their immediate relatives from Aug 25, 2026 for 48 hours post-announcement.

Meeting Details

• Board meeting scheduled for August 26, 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve utilisation of Rights Issue proceeds for investment in subsidiary ice cream division.

Other Notes

• Trading window closure periods not specified.

Share conversion and listing

• Converted 2,772,095 partly paid shares to fully paid, admitted for trading on NSE and BSE.
• Converted shares have ₹10 par value and rank pari passu with existing fully paid shares.
• Increase in paid-up capital by ₹2.772 crore on conversion.

Share conversion and listing

• Conversion completed for 2,772,095 partly paid-up shares into fully paid-up shares.
• NSE and BSE approved listing; trading to commence from August 18, 2026.
• 25 partly paid-up shares could not be converted due to depository technical errors; action planned.
• Remaining conversions to be completed upon shareholder request, subject to depository formalities.

Release purpose

• Discloses unaudited standalone and consolidated results for quarter ended June 30, 2026.

Ice cream performance

• Ice cream revenue up 230% YoY; EBITDA margin improved to 10.05% from 7.80%.

Deep freezer network

• During Q1FY27, ~1,780 deep freezers added; total network ~17,280 units.
• Over 80% of additions were in Andhra Pradesh.

Premium portfolio

• Marvel premium range launched to augment premiumization in ice cream.
• Premium share expected to rise FY27–FY29.

Nuts & dry fruits performance

• Nuts & dry fruits revenue ₹37.38 crore; YoY growth 10%.
• Nuts EBITDA margin 18.24% vs 12.91% in Q4 FY26.

Nuts capacity expansion

• Expanded nuts facility to 20 MT/day; operational May 2026.
• FY27 utilization target ~25%; plan to reach 30–40 MT/day in 2–3 years.

Ice cream capacity utilization

• Ice cream facility capacity 1.25 lakh litres/day; current utilization 40%.
• Full utilization targeted for Q1 FY29.

Operational data snapshot

• As of June 30, 2026: 73+ Nuts SKUs; 196+ Ice Cream SKUs; 17,280+ deep freezers.

Subject

• Q1 FY27 unaudited results announced for quarter ended June 30, 2026.
• Melt N Mellow emerges as key growth driver.

Financial highlights

• Revenue from operations ₹88.96 crore, up 80% YoY.
• Total income ₹90.05 crore, up 74% YoY.
• EBITDA ₹11.57 crore; margin 13.00%.
• Net profit ₹5.60 crore; margin 6.30%.
• Basic EPS ₹2.40.
• Ice Cream Melt N Mellow revenue ₹51.57 crore; >3x YoY.
• Nuts & Dried Fruits revenue ₹37.38 crore; up 10% YoY.
• Nuts EBITDA ₹6.82 crore; margin 18.24%.
• Melt N Mellow EBITDA ₹5.18 crore; margin 10.05%.

Operational highlights

• Launched 13 new products in Q1 FY27 (6 Nuts, 7 Ice Cream).
• 17,280+ deep freezers deployed; 1,780 added in Q1, majority in Andhra Pradesh.
• 34,200+ Melt N Mellow touchpoints; 11,000+ Krishival Nuts touchpoints.
• Entered Andhra Pradesh for Melt N Mellow via three CNF locations (Rayalaseema, Vijayawada, Visakhapatnam).
• Distribution expanded to 120+ distributors; 95% retention.
• Established 13 ice cream depots across key markets.
• Krishival Nuts present in 300+ towns; Singapore touchpoints 300+.

Strategic priorities & outlook

• Expand distribution footprint in Tier II and III markets.
• Strengthen modern trade and quick-commerce presence.
• Scale Melt N Mellow capacity and retail reach.
• Export footprint expansion to Singapore, US, and Japan.
• Expand deep freezer network to improve last-mile distribution.
• Launch 25 FOCO ice cream outlets 'Mellow & Co' in FY27; first in Sep 2026.
• Advance capacity expansion in nuts; improve efficiencies and margins.
• Continue focus on operational efficiencies, supply chain integration, and margin improvement.
• Q1 shows strong momentum; Melt N Mellow to be growth engine.

Financial highlights

• Unaudited revenue from operations: ₹88.96 crore, up 80% YoY.
• Total income: ₹90.05 crore, up 74% YoY.
• EBITDA: ₹11.57 crore; EBITDA margin 13.00% (vs 15.57% prior year).
• Net profit: ₹5.60 crore; net margin 6.30%.
• Basic EPS: ₹2.40.

Operational and strategic developments

• Melt N Mellow emerging as a significant growth driver.
• Entered Andhra Pradesh with 3 CNF locations to strengthen market penetration.
• 13 new product launches (6 Nuts, 7 Ice Cream).
• Deep freezer network at 17,280+ units; 120+ distributors; 95% retention.
• Ice cream capacity installed at 1 lakh litres/day.
• Freezer network target: 26,500 units by FY27.
• Melt N Mellow FY26 EBITDA profitability; revenue ₹51.57 crore, EBITDA margin 10.05%.
• First Mellow & Co FOCO store planned for September.
• FY29 topline target: ₹1,500 crore consolidated.
• Ice cream to reach ~50-55% of topline by FY29.
• FY29: targeted 50% Sales growth and 50% PAT growth.

Outlook and growth framework

• Dual-engine FMCG model to drive growth; Nuts as cash generator, Melt N Mellow as growth engine.
• Ongoing capex and capacity expansion to support scaling.

Issue Overview

• Type: Right Issue of Equity Shares.
• Total issue size disclosed; net proceeds partially raised; undersubscription noted.
• Objectives: capex, working capital, general corporate purposes, and issue expenses.
• No funds were raised in the latest quarter.

Utilisation of Proceeds

• Utilisation is as disclosed; no material deviations observed.
• Means of finance for the objects unchanged.
• All government/statutory approvals for the objects obtained.
• Capex: ongoing; funds utilised; remaining unutilised.
• Working capital: ongoing; funds utilised; remaining unutilised.
• General Corporate Purposes: ongoing; no utilisation yet.
• Issue expenses: not utilised.
• Unutilised funds parked in monitoring account.
• Delays in implementation: none reported; status ongoing.

Governance and Compliance

• All required statutory approvals obtained for the objects.
• No material events or regulatory actions affecting viability.
• No conflicts of interest disclosed by the monitoring agency.
• Utilisation aligns with offer document; no cross-check concerns.

General Corporate Purpose

• GCP utilisation to date: none.
• Board approval for GCP allocation not indicated.
• GCP balance remains available for general corporate purposes.

Fund utilization from right issue

• Purpose: statement on utilization of funds raised through a right issue.
• Mode: Right issue.