Himalaya Food International Ltd (526899)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Himalaya Food's revenue was ₹8.8 Cr (-14.7% year on year, +4.1% on the previous quarter), and net profit ₹1.0 Cr (-59.8% year on year); the operating margin was 29.2%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹8.8 | -14.7% | +4.1% |
| Operating profit | ₹2.6 | -37.2% | from loss |
| Net profit | ₹1.0 | -59.8% | from loss |
| EPS (₹) | 0.12 | -61.3% | from loss |
| Operating margin | 29.2% | — | — |
📢 Recent Corporate Announcements
Himalaya Food International released its Chairman's address detailing a 3-year revival plan and aggressive operational ramp-up. The company aims to monetize non-core assets to clear remaining debt within the next 6 months. Operationally, it plans to operationalize its French Fry, potato specialty, and frozen appetizers facilities by next March, targeting an aggregate capacity of 66,000 Metric Tons Per Annum (TPA). Additionally, the company stated it is actively pursuing substantial damages against former JV partner Simplot in connection with the Singapore Arbitration Award.
- Targeting aggregated production capacity of 66,000 Metric Tons Per Annum (TPA) by next March
- Planning non-core asset monetization to eliminate all outstanding debt within 6 months
- Pursuing claims for substantial damages against JV partner Simplot over the past 6 years
- Setting a 3-year timeline to fully revive the company to its potential
Himalaya Food International has approved the acquisition of an adjoining industrial unit from Doon Valley Foods (land, building, machinery, cold storage) following an HP High Court order directing the relocation of production activities from its Sukheda Paonta Sahib land. The acquisition consideration will be settled primarily by setting off receivables due from Global Trade USA, with direct cash outgo capped at ₹1.00 Cr (₹100 Lakhs). Additionally, the Board authorized execution of asset sales where lender bank NOCs have been received against a settlement balance of ₹21.50 Cr (representing ~30% of market cap).
- HP High Court order and Industries Dept NOC require shifting production from Sukheda Paonta Sahib premises while retaining employment.
- Approved acquisition of Doon Valley Foods' adjoining unit (plant, land, cold storage) to ensure uninterrupted operations.
- Cash outgo strictly capped at ₹100,00,000 (₹1 Cr), with balance consideration set off against receivables owed by Global Trade USA via a tripartite pact.
- Authorized execution of asset sale deeds against lender bank settlement balance of ₹21.50 Cr.
Himalaya Food International has scheduled a Board of Directors meeting on August 27, 2026, to consider acquiring the business undertaking of Doon Valley Foods Private Limited. The proposed transaction includes plant, machinery, industrial land, building, and cold storage assets. Additionally, the board will deliberate on a proposed settlement of historical operational liabilities. Financial terms and transaction value have not yet been disclosed.
- Board meeting scheduled for August 27, 2026 at 11:30 AM IST via video conferencing
- Agenda includes acquisition of business undertaking, plant, machinery, land, building, and cold storage assets of Doon Valley Foods Pvt Ltd
- Board to consider proposed settlement of historical operational liabilities
- Trading window remains closed under SEBI insider trading regulations
Himalaya Food International has issued a Chairman's letter outlining steps toward operational stabilization and balance sheet cleanup. The company stated it is in the final phase of fulfilling obligations under its One-Time Settlement (OTS) framework to fully unencumber assets. Management is also actively negotiating the monetization of surplus land parcels in Rajasthan and Himachal Pradesh within the current financial year. Proceeds are earmarked to fully satisfy the remaining OTS balance and reinvest in modernizing core manufacturing lines to revive idle capacity.
- Company is in the final phase of fulfilling One-Time Settlement (OTS) debt obligations
- Active negotiations underway to monetize surplus land parcels in Rajasthan and Himachal Pradesh within current FY
- Asset sale proceeds earmarked to clear residual OTS balance and modernize core production lines
- Management plans to restart idle capacity once debt obligations are cleared
Himalaya Food International has announced the appointment of M/s Himanshu and Co. as its Secretarial Auditor for a period of five consecutive financial years from FY 2026-27 to FY 2030-31. The appointment was approved by the Board of Directors at its meeting held on August 14, 2026. The firm, led by Mr. Himanshu Bhatia who has over 5 years of practice experience, specializes in listed compliances and NCLT matters. This is a routine statutory compliance update with no material impact on the company's financial performance or business operations.
- Appointment of M/s Himanshu and Co. approved on August 14, 2026
- Tenure spans 5 consecutive financial years from FY 2026-27 to FY 2030-31
- Firm holds Certificate of Practice (C.O.P) Number 22555
- Firm founder has over 5 years of experience in corporate practice and listed compliances
Himalaya Food International reported standalone financial results for the quarter ended June 30, 2026. Revenue declined to ₹8.79 cr compared to ₹10.31 cr in the year-ago period (Jun 2025). Net profit dropped ~60% YoY to ₹1.04 cr from ₹2.59 cr, resulting in an EPS of ₹0.12. Additionally, the board approved the appointment of secretarial auditors for a 5-year term (2026-27 to 2030-31) and fixed book closure from September 23 to September 30, 2026 for its 35th AGM.
- Q1 standalone revenue stood at ₹8.79 cr vs ₹10.31 cr in Q1 FY26
- Q1 net profit decreased to ₹1.04 cr vs ₹2.59 cr in the corresponding quarter last year
- Auditor Kumar Rupak & Associates issued an unmodified limited review report
- M/s Himanshu And Co. appointed as Secretarial Auditor for a 5-year term from FY 2026-27 to 2030-31
- Book closure scheduled from September 23, 2026 to September 30, 2026 for the 35th AGM
Himalaya Food International's Board of Directors met on August 14, 2026, to approve the unaudited standalone financial results for the quarter ended June 30, 2026. The statutory auditors, M/s Kumar Rupak & Associates, issued an unmodified limited review report. Additionally, the company appointed M/s Himanshu And Co. as Secretarial Auditor for a five-year term from FY 2026-27 to FY 2030-31. The register of members and share transfer books will remain closed from September 23, 2026, to September 30, 2026, for the 35th Annual General Meeting.
- Approved Unaudited Standalone Financial Results for the quarter ended June 30, 2026, with an unmodified review report
- Appointed M/s Himanshu And Co. as Secretarial Auditor for 5 consecutive financial years (2026-27 to 2030-31)
- Fixed book closure dates from September 23, 2026, to September 30, 2026, in connection with the 35th AGM
- Board meeting commenced at 5:00 PM and concluded at 6:33 PM on August 14, 2026
Himalaya Food International has scheduled a board meeting on August 14, 2026, to approve the unaudited standalone financial results for the quarter ended June 30, 2026. The board will also finalize the date, venue, and notice for the 35th Annual General Meeting (AGM) for the financial year ended March 31, 2026. Additionally, the company plans to appoint M/s Himanshu And Co. as Secretarial Auditor for a five-year term from 2026-27 to 2030-31. This is a routine administrative filing ahead of the quarterly earnings release.
- Board meeting scheduled for August 14, 2026, to review Q1 FY27 results.
- Appointment of Secretarial Auditor for a 5-year term (2026-27 to 2030-31).
- Finalization of the 35th AGM details for the financial year ended March 31, 2026.
- Trading window remains closed until 48 hours after the results declaration.
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