Q3 2025 ADF Foods Ltd Earnings Call Transcript
Key Points
- ADF Foods Ltd (BOM:519183) reported a 13.8% year-on-year increase in consolidated revenues for Q3 FY25, reaching INR 147.5 crores.
- The company maintained high teen EBITDA margins despite challenges such as increased raw material prices and freight costs.
- ADF Foods Ltd's cold storage facility in Nadiad became operational, enhancing supply chain capabilities and order fulfillment.
- 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.
- The company remains debt-free with a cash balance of INR 143 crores, indicating strong financial health.
- EBITDA for Q3 FY25 decreased by 2.2% year-on-year, with margins dropping by 290 basis points.
- The distribution business experienced volatility, causing a drag on overall business performance.
- Freight costs remain an uncontrollable expense, impacting margins significantly.
- The Truly Indian and Soul brands are still in investment mode, contributing to losses at the EBITDA level.
- There was a sequential dip in top-line business due to container availability issues and seasonal stocking by distributors.
Ladies and gentlemen, good day. And welcome to the ADF Foods Limited Q3 and nine months FY25 earnings conference call. (Operator Instructions)
I now hand the conference over to Mr. Ravi Udeshi from EY. Thank you, and over to you, sir.
Thank you, Steve. And good morning, everyone. We welcome you to the Q3 and nine months FY25 earning conference call of ADF Foods Limited.
To take us through the results and to answer your questions, we have with us the top management of ADF Foods Limited, represented by Mr. Sumer Thakkar, the Promoter and also the General Manager, Sales And Strategy; and Mr. Shardul Doshi, the Chief Financial Officer. We will start the call with an overview of the business and the current business update by Mr. Sumer Thakkar, and then Mr. Shardul Doshi will give his comments on the financials. As usual, the standard Safe Harbor clause applies while we start the call.
With that said, I now hand over the call to Sumer. Over to you, Sumer.
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