EIFFL - Euro India Fresh

📊 NSE: EIFFL 🏢 Food - Processing - Indian 📅 Last Updated: 12/13/2025 21:59

💰 Financial Performance

Revenue Growth by Segment

Total operating income was approximately INR 144 crore in FY25. Segment-specific growth percentages are not disclosed, but the portfolio includes namkeen, potato chips, fruit juice, beverages, and bakery items.

Geographic Revenue Split

The company has a pan-India presence with an established distribution network in Maharashtra and Gujarat; it also exports a small portion to the UK, US, and Gulf countries.

Profitability Margins

Net profit stood at INR 5.6 crore for FY25, representing a net margin of approximately 3.89%. Margins are susceptible to volatility in agro commodity prices.

EBITDA Margin

Not explicitly disclosed as a percentage, but the company earned a gross cash accrual (GCA) of INR 8.28 crore in FY25, which is expected to grow to INR 11-21 crore during FY26-28.

Capital Expenditure

Not disclosed in absolute INR Cr, but the company maintains an installed capacity of 12,500 MTPA and utilizes machinery leases to avoid idle capacity.

Credit Rating & Borrowing

The company has a Stable outlook with an interest coverage ratio of 3.63x and an overall gearing ratio of 0.58x as of March 31, 2025.

⚙️ Operational Drivers

Raw Materials

Agro commodities including potatoes, edible oils, and grains for snacks; specific cost percentages for each are not disclosed.

Import Sources

Sourced primarily from domestic markets in India, with a focus on proximity to facilities in Gujarat to lower logistics costs.

Key Suppliers

J R Foods & Beverages is a key related party supplier and facility provider, with proposed transactions of up to INR 300 crore for FY 2025-26.

Capacity Expansion

Current installed capacity is 12,500 MTPA; specific planned expansion timelines in MT are not disclosed in the available documents.

Raw Material Costs

Susceptible to high volatility in agro commodity prices which impacts the cost structure; procurement is managed partly through related party facilities to ensure supply chain continuity.

Manufacturing Efficiency

Utilizes machinery leases to avoid idle capacity and leverages a related party facility that is nearest to operations to minimize logistics expenses.

Logistics & Distribution

Distribution costs are optimized through an extensive network of distributors and the strategic use of the J R Foods & Beverages facility to reduce transit expenses.

📈 Strategic Growth

Expected Growth Rate

33-153%

Growth Strategy

Achieved through product diversification (namkeen, chips, juices, bakery) to limit dependence on single categories, expansion of the pan-India distribution network, and a strategic INR 300 crore related-party transaction with J R Foods & Beverages to secure the supply chain.

Products & Services

Ready-to-eat items including namkeen, potato chips, fried extruded snacks, fruit juice, beverages, bakery items, mineral water, core filling snacks, and fruit pulps.

Brand Portfolio

Euro

New Products/Services

Not disclosed in available documents.

Market Expansion

Focusing on strengthening pan-India presence and increasing the small export portion currently sent to the UK, US, and Gulf countries.

Market Share & Ranking

Not disclosed in available documents.

Strategic Alliances

Strategic partnership with J R Foods & Beverages for machinery leasing and supply chain facilities.

🌍 External Factors

Industry Trends

The food processing industry is characterized by high competition and a shift toward diversified product portfolios; EIFFL is positioning itself as a multi-product player under the 'Euro' brand.

Competitive Landscape

Faces intense competition from both large-scale organized players and unorganized local manufacturers.

Competitive Moat

Moat is based on a 15-year operational track record, a diversified portfolio across snacks and beverages, and an established distribution network in Gujarat and Maharashtra.