ADF Foods Ltd (NSE:ADFFOODS)

Q3 2026 ADF Foods Ltd Earnings Call Transcript

Feb 5, 2026 / 10:00 AM GMT

Release Date Price: ₹227.73 (+0.98%)

Transcript

Key Points

Positve

ADF Foods Ltd (BOM:519183) reported a record high consolidated revenue of INR 191 crores for Q3 FY26, marking a 29.5% year-on-year growth.
The company's consolidated EBITDA reached a record INR 37.1 crores, with a healthy margin of 19.4%.
The flagship brand Ashoka continues to strengthen its market presence, while the Truly Indian brand has shown significant growth, particularly in the US market.
The Surat Greenfield facility has completed pilot runs and is on track to become fully operational by Q4 FY26, which will enhance production capacity.
ADF Foods Ltd (BOM:519183) has successfully expanded its distribution network, with Truly Indian products now available in over 2000 stores across the United States.

Negative

Despite the overall growth, the standalone revenue growth was only 13.3% year-on-year, indicating potential challenges in certain segments.
The consolidated EBITDA margin decreased by 260 basis points quarter-on-quarter, suggesting some volatility in profitability.
The company faced capacity constraints on certain product lines, which could limit growth until the new Surat facility is fully operational.
There was a one-time charge of INR 6.8 crores due to changes in the Indian labor code, impacting the financial results.
The Truly Indian brand is still in the investment phase, requiring continued marketing spend, which may affect short-term profitability.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

AMRN.NS - ADF Foods Ltd
Q3 2026 ADF Foods Ltd Earnings Call
Feb 05, 2026 / 10:00AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the ADF Foods Limited Q3 and 9 months FY26 earnings conference call. As a reminder, all participant lines will win the less only more, and there will be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance during this conference call, please signal an operator by pressing, then 0 on your touchstone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Ravi Udeshi from EY.

Thank you and over to you, sir.

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Unidentified_2 [2]
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