Mishtann Foods Limited is an agro-product company founded in 1981. It is a public limited company based in Ahmedabad which primarily focuses on agricultural business.
Mishtann Foods is involved in the manufacturing, processing and trading of various food grains including rice and wheat. It also provides agri-commodities such as basmati rice, wheat, dal and rock salt.
Mishtann Foods was incorporated in 1981 as HICS Cements Limited. The company decided to establish a 40-tonne per day (TPD) cement unit in 1991, facing delays due to power unavailability and was anticipated to commence operations in October 1995. HICS Cements started the construction of two plants in Gujarat with individual capacities of 200 TPD and 260 TPD.
The new facilities were projected to begin commercial production by February 1996 with HICS Cements planning to export 25% of its output. The company underwent a significant transformation, changing its name from HICS Cements Limited to Mishtann Foods Limited in February 2015. Following this, the company shifted its primary focus from manufacturing cement to the trading and processing of food items.
The market capitalisation of Mishtann Foods Limited is ₹929 crore as of January 12, 2024. Mishtann Foods share price has gained nearly 500% in the last three years.
Business operations
Mishtann Foods has established a significant presence across India, extending its reach to retailers in 10 states. The company's distribution network includes super stockists.
The company maintains relationships with farmers, mandis and agents for sourcing its grains. The procurement process follows a 'cash and carry' model, with approximately 80-85% of the financing secured at a concessional rate from banks.
It operates a modern, fully automated processing plant with a capacity of 45 MT/hour in Himatnagar, Gujarat. In terms of packaging, Mishtann Foods Limited has an integrated facility offering products in varying quantities of 30 kg, 40 kg and 50 kg. It also provides flexible and customised packaging based on specific orders.
For the distribution of its products, the company has agreements with more than 15 super stockists. Mishtann Foods has a significant presence in the hotels, restaurants and cafes segment. The company undertakes various marketing initiatives including Out-of-Home (OOH) campaign hoardings, active engagement on social media and participation in global events like the GulFood Exhibition in Dubai, the world's largest annual food and beverage trade show.
During FY23, Mishtann Foods introduced rock salt and crystal salt under its brand across all markets in the edible common salt segment. The company aims to expand its global footprint by establishing wholly-owned subsidiaries in renowned economic zones such as the United Arab Emirates, Singapore and US.
Mishtann Foods Limited Financial Highlights
- Revenue: Mishtann Foods Limited reported revenue of ₹1,153.53 crore in FY26 vs ₹1,375.43 crore in FY25. It showed a decrease of 16.13% on a yearly basis.
- Operating Profit: Mishtann Foods Limited reported an operating profit of ₹265.10 crore in FY26 vs ₹336.52 crore in FY25. It showed a decrease of 21.22% on a year-on-year basis.
- Net Profit: Mishtann Foods Limited reported a net profit of ₹263.42 crore in FY26 vs ₹333.33 crore in FY25. It showed a decrease of 20.97% on a yearly basis.
Mishtann Foods Limited Quarterly Result Highlights
- Mishtann Foods Limited reported revenue of ₹18.32 crore in Jun 2026, compared with ₹30.85 crore in Mar 2026, representing a decrease of 40.62% on a quarter-on-quarter (QoQ) basis.
- Mishtann Foods Limited reported an operating profit of ₹0.77 crore in Jun 2026, compared with ₹0.16 crore in Mar 2026, representing an increase of 381.25% on a quarter-on-quarter (QoQ) basis.
- Mishtann Foods Limited reported a profit of ₹0.49 crore in Jun 2026, compared with ₹0.04 crore in Mar 2026, reflecting an increase of 1,125.00% on a QoQ basis.
- The earnings per share (EPS) of Mishtann Foods Limited stood at ₹3.09 during Jun 2026.
Data Source: BSE, Company announcements
Securities shown are illustrative, not recommendations. Past performance does not guarantee future results.
