ADF Foods Q4 PAT rises 56% to ₹25 crore, operating revenue up 25%

The company’s earnings before interest, tax, depreciation, and amortisation (EBITDA) increased by 29.6% YoY to ₹34.3 crore. The consolidated EBITDA margin for the same period grew by 80 basis points YoY to 22.3%. However, on a standalone basis, the EBITDA margin contracted by 410 bps to 24.7% during the quarter.

For the full fiscal year 2024, net profit grew 32.1% YoY to ₹73.8 crore. The revenue from operations witnessed a growth of 15.6% YoY at ₹520.3 crore. EBITDA grew 30.1% YoY to ₹104.9 crore while the EBITDA margin rose 230 basis points to 20.2%. Bimal Thakkar, chairman and managing director of ADF Foods said that the company recorded their best quarter due to increasing volumes and a better product mix.

“We continued to witness strong demand across all our brands. Our flagship ‘Ashoka’ brand saw continued addition of new products and launch in new markets as well as increased penetration in existing markets. We continue to be bullish in terms of our outlook in FY25 and expect revenue growth to be upwards of 20%,” he said.

The company said it hired a dedicated sales team in the USA for its planned launch in FY25. It has also expanded the range of frozen items and added new offerings in sauce, pastes, and curries.

The board of directors of ADF Foods has recommended a dividend of ₹1.20 per share. This is in addition to the special dividend of ₹4 per share which was paid earlier in the year, bringing the total dividend for the fiscal year to ₹5.2 per share.

Shares of ADF Foods have risen nearly 14% since the beginning of the year. The stock has gained about 38% in the last one year.