ADF Foods Reports Strong Q1 FY27 Results with Consolidated Revenue Growing 25.9% Year-on-Year

ADF Foods Reports Strong Q1 FY27 Results with Consolidated Revenue Growing 25.9% Year-on-Year​

Mumbai, July 29, 2026 — ADF Foods Limited, a manufacturer of prepared ethnic foods, announced its financial results for the first quarter ended June 30, 2026. The company reported continued robust growth across both consolidated and standalone segments, driven by market penetration and operational improvements.

The company delivered another quarter of strong double-digit growth in Q1 FY27, marking its fourth consecutive quarter of performance growth. Consolidated revenue increased by 25.9% year-on-year (YoY) to Rs. 167.3 Cr. EBITDA grew by 26.0% to Rs. 29.7 Cr., while Profit After Tax (PAT) rose 13.4% to Rs. 17.3 Cr.

Key performance metrics for the consolidated entity are detailed below:


The consolidated company maintained an EBITDA margin of 17.7%.

Standalone Performance and Highlights​

In the standalone segment, Revenue from Operations reached Rs. 120.9 Cr., marking a 20.5% increase YoY. The standalone EBITDA stood at Rs. 27.5 Cr., showing growth of 22.6%, with an EBITDA margin of 22.8%. Standalone PAT increased by 7.6% year-on-year, reaching Rs. 18.3 Cr., maintaining a PAT margin of 15.1%.

Financial highlights for Q1 FY27 include:

• Consolidated revenue growth of 25.9% YoY to Rs. 167.3 Cr.
• Consolidated EBITDA increase by 26.0% to Rs. 29.7 Cr., with a margin of 17.7%.
• Standalone Revenue rising 20.5% YoY at Rs. 120.9 Cr.
• Standalone EBITDA increasing 22.6% YoY at Rs. 27.5 Cr., supported by a 22.8% margin.

In addition to financial performance, the company achieved AEO-T3 certification, which is noted as a significant milestone aimed at strengthening export operations by enabling faster customs clearances, streamlined compliance, and improved working capital efficiency. Operationally, the commencement of commercial deliveries from the Surat greenfield facility was also highlighted during the quarter.

Management Commentary​

Bimal Thakkar, Chairman & Managing Director, commented on the results, stating that the performance was driven by deeper shelf-space penetration, continued category diversification, new product listings, and strong execution across international markets. He noted that this growth occurred despite geopolitical uncertainties, including the West Asia conflict, trade route disruptions, vessel shortages, and elevated freight costs.

Thakkar added that brands like Ashoka sustained strong growth supported by robust diaspora demand, while Truly Indian gained momentum through expanded distribution and increasing consumer adoption. Profitability remained healthy, with EBITDA growing 26.0% YoY to Rs. 29.7 Cr., attributed to a favourable product mix, frozen foods momentum, operational efficiencies, and disciplined cost management.

The company affirmed its focus on strengthening brands and expanding distribution footprint as global demand for convenient Indian food products continues to rise.

ADFFOODS Stock Price Movement​

ADF Foods Limited shares edged up 0.53% on Wednesday, closing at ₹301.80 after gaining ₹1.60 in the market session. The equity saw a volume of 99,686 shares as it settled for the day.