ADF Foods Q4 Review - Confident Towards The Growth Prospects In Coming Quarters, Profitability: Anand Rathi

"NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Anand Rathi Report.On a consolidated basis, ADF Foods Ltd. topline increased by 24.8% YoY and 18.5% QoQ to Rs 1,536 million led by higher sales volume and better product mix.Ebitda grew by 29.6% YoY and 27.2% QoQ to Rs 343 million. Ebitda margin increased by 82 bps YoY and 153 bps QoQ to 22.3%. Profit before tax grew by 35.9% YoY and 18.8% QoQ to Rs 311 million. Net profit was up by 55.7% YoY and 31.1% QoQ to Rs250 million. Overall Q4 FY24 performance was above our estimates.The company continued to witness strong demand across all brands. The flagship ‘Ashoka’ brand saw continued addition of new products and launch in new markets as well as increased penetration in existing markets.Under the ‘SOUL’ brand, the company added leading e-commerce platformsincluding Swiggy Instamart for wider reach.The distribution business issues is getting resolved at a gradual pace. Although, the supply chain challenging pertains.The management is aiming to generate for Rs 1 billion sales through ADF Soul (pickels and chutneys) over next three years via General and Modern trade in domestic markets. During the year, company got listed in two more chains in U.S. (300 Stores) for truly Indian and in Germany (1000-1500 stores), UK (500-600 stores). Going ahead, company is expecting $1 million of revenue in FY25..Click on the attachment to read the full report:.Piramal Pharma Q4 Results Review - Solid Quarter; Grim Near-Term Outlook: ICICI Securities.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

ADF Foods Q4 Review - Confident Towards The Growth Prospects In Coming Quarters, Profitability: Anand Rathi

The company is planning an investment of Rs 130 million and Rs 80-100 million towards SOUL and Truly Indian

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ADF Foods Q4 Review - Confident Towards The Growth Prospects In Coming Quarters, Profitability: Anand Rathi

The company is planning an investment of Rs 130 million and Rs 80-100 million towards SOUL and Truly Indian

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