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Aveer Foods Ltd (543737)

📊 BSE: 543737 🏢 Packaged Foods 📢 Latest filing: 13 Aug 2026 📝 Analysis written: 13 Nov 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Aveer Foods' revenue was ₹34.4 Cr (+1.3% year on year, -2.2% on the previous quarter), and net profit ₹0.6 Cr (+11.3% year on year); the operating margin was 4.7%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹34.4	+1.3%	-2.2%
Operating profit	₹1.6	+6.7%	+2.6%
Net profit	₹0.6	+11.3%	+59.5%
EPS (₹)	1.32	+0.0%	+59.0%
Operating margin	4.7%	—	—

Full quarterly financials → Results calendar →

📢 Recent Corporate Announcements

Aveer Foods Re-appoints WTD for 1 Year; Sets Sept 22 as Dividend Record Date

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 13 Aug 2026, 04:40 PM

Aveer Foods has recommended the re-appointment of Mr. Bapu Ramchandra Gavhane as Whole-Time Director for a one-year term starting October 31, 2026. The company has scheduled its 7th Annual General Meeting (AGM) for September 29, 2026, via video conferencing. Importantly for shareholders, the record date for the final dividend for FY 2025-26 has been fixed as September 22, 2026. The board also reviewed the un-audited financial results for the quarter ended June 30, 2025.

Re-appointment of Mr. Bapu Ramchandra Gavhane as Whole-Time Director for a 1-year term from Oct 31, 2026, to Oct 30, 2027
Record date for the final dividend of FY 2025-26 fixed as September 22, 2026
7th Annual General Meeting (AGM) scheduled for September 29, 2026, at 11:30 AM
Book closure period for voting and dividend eligibility set from September 23 to September 29, 2026
Cut-off date for e-voting entitlement fixed as September 22, 2026

💡 Investors should ensure their holdings are in the demat account by the September 22 record date to be eligible for the final dividend. Monitor AGM commentary for updates on the expansion into the Chinese meal accompaniment segment.

Rs 34.45 Cr Revenue in Q1; PAT Grows 11.3% YoY to Rs 0.59 Cr

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 13 Aug 2026, 02:33 PM

Aveer Foods reported a stagnant top-line for Q1 FY27, with revenue from operations at Rs 34.45 Cr, representing a marginal 1.3% growth YoY. Net profit showed better relative performance, increasing 11.3% YoY to Rs 0.59 Cr, primarily due to a reduction in 'Other Expenditure' which fell from Rs 10.44 Cr to Rs 8.25 Cr. The company maintained thin margins with a Profit Before Tax (PBT) margin of approximately 2.3%. Additionally, the board fixed September 22, 2026, as the record date for the previously recommended final dividend for FY26.

Revenue from operations stood at Rs 34.45 Cr for the quarter ended June 30, 2026, vs Rs 34.01 Cr in the previous year.
Net Profit (PAT) increased to Rs 0.59 Cr from Rs 0.53 Cr in the corresponding quarter of the previous year.
Other Expenditure decreased significantly by 21% YoY to Rs 8.25 Cr from Rs 10.44 Cr.
Basic EPS for the quarter remained nearly flat at Rs 1.32 compared to Rs 1.31 in June 2025.
Record date for the FY26 final dividend is set for September 22, 2026, with the AGM scheduled for September 29, 2026.

💡 Investors should monitor the company's progress in expanding its distribution reach to 3 lakh+ outlets, as current revenue growth is stagnant. Watch for the impact of raw material price volatility on the thin 2.3% PBT margin in upcoming quarters.

Aveer Foods Q1 PAT Grows 11.3% YoY to ₹0.59 Cr; Dividend Record Date Set for Sept 22

🟡 NEUTRAL ⭐ 6/10

EARNINGS 📅 13 Aug 2026, 02:28 PM

Aveer Foods reported a marginal 1.3% YoY revenue growth to ₹34.45 Cr for Q1 FY27. Net profit increased by 11.3% YoY to ₹0.59 Cr, primarily driven by a 21% reduction in other expenditures compared to the previous year. The Board has fixed September 22, 2026, as the record date for the final dividend of FY26. Additionally, the company re-appointed Mr. Bapu Ramchandra Gavhane as Whole-Time Director for a one-year term starting October 2026.

Revenue from operations reached ₹34.45 Cr in Q1 FY27, up slightly from ₹34.01 Cr in Q1 FY26.
Net profit for the quarter stood at ₹0.59 Cr, compared to ₹0.53 Cr in the corresponding quarter last year.
Other expenditure saw a significant decline to ₹8.25 Cr from ₹10.44 Cr in the year-ago period.
Record date for the final dividend is fixed as September 22, 2026.
The 7th Annual General Meeting (AGM) is scheduled for September 29, 2026.

💡 Investors should monitor the company's progress in expanding its distribution reach to the targeted 3 lakh outlets, as current revenue growth remains stagnant at approximately 1.3% YoY.

Aveer Foods Board Meeting Scheduled for August 13, 2026, to Approve Q1 Results

🟡 NEUTRAL ⭐ 3/10

BOARD_MEETING 📅 07 Aug 2026, 05:15 PM

Aveer Foods has announced a board meeting on August 13, 2026, to approve the unaudited financial results for the quarter ended June 30, 2026. The company enters this reporting period with a TTM revenue of ₹143 Cr and a relatively high P/E of 70.6. Investors will be closely watching for a recovery in profitability, as net profit declined sequentially from ₹1.89 Cr in September 2025 to ₹0.37 Cr in March 2026. The high promoter holding of 74.88% remains a key structural feature of this ₹252 Cr market cap company.

Board meeting scheduled for August 13, 2026, to consider Q1 FY27 results.
Results pertain to the three-month period ended June 30, 2026.
Company reported a TTM revenue of ₹143 Cr and TTM PAT of ₹4 Cr.
Promoter holding remains stable at 74.88% as of the June 2026 quarter.
Operating profit margin (OPM) stood at 6.3% on a TTM basis.

💡 Monitor the results on August 13 to see if the company can reverse the declining quarterly profit trend and if the expansion into Chinese meal accompaniments is reflecting in revenue growth.

Aveer Foods Completes Change of RTA to MUFG Intime India Effective July 3, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 09 Jul 2026, 05:39 PM

Aveer Foods Limited has finalized the transition of its Registrar and Share Transfer Agent (RTA) from Satellite Corporate Services Private Limited to MUFG Intime India Private Limited (formerly Link Intime). The change, which was initially approved by the Board on November 12, 2025, became effective on July 3, 2026, following confirmations from NSDL and CDSL. Shareholders and investors are now required to direct all future correspondence regarding securities to the new RTA's office in Vikhroli, Mumbai. This is a purely administrative update and does not affect the company's financial performance or business operations.

Effective date of the RTA change is July 3, 2026
Board of Directors originally approved the appointment on November 12, 2025
Confirmation received from NSDL on July 2, 2026, and CDSL on July 3, 2026
New RTA MUFG Intime India Private Limited was formerly known as Link Intime India Pvt Ltd
Tripartite agreement between the company and both RTAs is currently in the process of execution

💡 Shareholders should update their contact records for the company's RTA to MUFG Intime India for any future share-related queries or transfers. No action is required regarding investment strategy as this is a procedural change.

View All 543737 Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Total revenue from operations reached INR 108.52 Cr in FY25, representing a 12.57% YoY growth from INR 96.40 Cr. Growth was broad-based across Indian meal accompaniments including pickles, chutneys, and papads, delivering double-digit growth in both volume and value terms.

Geographic Revenue Split

Not explicitly disclosed, but the company operates a distribution network across all key Indian states and adheres to EU and USFDA standards for international customers, indicating an export presence.

Profitability Margins

Net profit margin improved significantly to 3.63% in FY25 from 1.30% in FY24, a 179% increase. Profit After Tax (PAT) surged by 224.6% to INR 3.97 Cr compared to INR 1.22 Cr in the previous year.

EBITDA Margin

EBITDA (Profit before Depreciation & Interest) stood at INR 7.95 Cr, yielding a margin of 7.3% of total income, up from 5.9% (INR 5.69 Cr) in FY24.

Capital Expenditure

Not disclosed in absolute INR Cr for future plans, but the company invested in SAP ERP systems, data analytics tools, and achieved FSSC 22000 certification for its Shirwal plant in 2022.

Credit Rating & Borrowing

The company achieved a zero-debt status with a Debt-Equity ratio of 0.00 in FY25, down from 0.15 in FY24. Finance costs decreased by 78% YoY to INR 0.25 Cr.

⚙️ Operational Drivers

Raw Materials

Key raw materials include agricultural produce such as mangoes, lemons, fruits, and vegetables, along with packaging materials, fuel, and energy.

Import Sources

Sourced primarily from local farms in Maharashtra (Pune, Satara) and Karnataka (Dharwad), supporting Farmer Producer Organizations (FPOs).

Capacity Expansion

Current facilities are located at Hadapsar (Pune), Shirwal, Village Sanghvi (Satara), and Belur Industrial Area (Dharwad). Specific MTPA capacity is not disclosed.

Raw Material Costs

Raw material price volatility is identified as a key risk to operating margins. The company employs multi-vendor sourcing and long-term contracts to mitigate cost fluctuations.

Manufacturing Efficiency

Inventory turnover ratio improved by 22% to 2.88 in FY25, reflecting enhanced efficiency in stock management and sales velocity.

Logistics & Distribution

Distribution network includes 1,500+ distributors across India, with a target to reach more than 3 lakh outlets.

📈 Strategic Growth

Expected Growth Rate

12.7%

Growth Strategy

Growth will be driven by scaling the distribution network to 3 lakh+ outlets, revamping the product portfolio, and expanding into the Chinese meal accompaniment segment (sauces and chutneys). The company is also leveraging its 60-year legacy to capture the shift from unbranded to branded packaged foods.

Products & Services

Pickles, Ketchups, Sauces, Chutneys, handmade Papads, machine-made Papads, and culinary pastes.

Brand Portfolio

Aveer.

New Products/Services

Expansion into Chinese cuisine accompaniments, specifically new chutneys and sauces range.

Market Expansion

Targeting a distribution reach of more than 3 lakh outlets across India.

Strategic Alliances

Partnerships with Farmer Producer Organizations (FPOs) to ensure a safe supply chain and good agricultural practices.

🌍 External Factors

Industry Trends

The food processing industry is growing at a double-digit rate, driven by a shift toward branded, pre-packed meal accompaniments. Companies are increasingly adopting AI for supply chain efficiency and focusing on sustainability, such as the RUCO project for biodiesel.

Competitive Landscape

Intense competition from both organized branded players and unorganized local manufacturers in the meal accompaniment segment.

Competitive Moat

A 60-year legacy of quality and trust, coupled with FSSC 22000 certification and a distribution network of 1,500+ partners, provides a significant competitive advantage in the branded meal accompaniment market, making it difficult for new entrants to replicate the supply chain and brand equity.

Macro Economic Sensitivity

Sensitive to agricultural cycles and inflation in food prices, which impact raw material procurement costs.

Consumer Behavior

Shift toward branded, pre-packed, and health-focused food products with proven traceability and safety standards.

Geopolitical Risks

Exposure to global supply chain disruptions that may affect the availability of specialized packaging or export logistics.

⚖️ Regulatory & Governance

Industry Regulations

Compliance with FSSAI, Food Safety and Standards Act 2006, Legal Metrology Act 2009, and international EU/USFDA standards for exports.

Environmental Compliance

Implementation of RUCO (Repurpose Used Cooking Oil) for biodiesel, plastic waste recycling through certified vendors, and planning for a Zero Liquid Discharge (ZLD) system.

Taxation Policy Impact

Effective tax provision of INR 41.76 Lakh for FY25, approximately 9.6% of Profit Before Tax.

Legal Contingencies

The company is undergoing a suo-moto adjudication process for penalties under Section 454 of the Companies Act, 2013, due to non-adherence to Section 150 timelines. The final financial impact is currently unascertainable.

⚠️ Risk Analysis

Key Uncertainties

Raw material price volatility (mangoes, lemons) and potential supply chain disruptions are the primary uncertainties that could impact margins by 5-10%.