FOODSIN - Foods & Inns
π’ Recent Corporate Announcements
Foods & Inns Limited has scheduled a virtual meeting with institutional investors and analysts for March 10, 2026. The company will participate in Arihant Capital's 'Bharat Connect Conference (Rising Stars - Mar'26)' between 4 PM and 5 PM. The discussion will be based on the existing Q3FY26 Investor Presentation and other publicly available data. No unpublished price-sensitive information is expected to be shared during this interaction.
- Scheduled virtual meeting with investors on March 10, 2026, at 4 PM IST.
- Participation in Arihant Capital's Bharat Connect Conference (Rising Stars - Mar'26).
- Company to use the previously released Q3FY26 Investor Presentation for discussions.
- Management confirms no unpublished price sensitive information (UPSI) will be discussed.
Foods & Inns Limited has made the audio recording of its Q3 FY2026 earnings conference call available to the public. The call, which took place on February 13, 2026, covered the company's unaudited financial performance for the quarter ending December 31, 2025. This filing is a standard regulatory requirement under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Investors can access the full discussion via the company's website to understand management's outlook and operational updates.
- Audio recording of the Q3 FY2026 earnings call is now accessible on the company website.
- The conference call was originally conducted on February 13, 2026.
- The discussion centered on the unaudited financial results for the quarter ended December 31, 2025.
- Compliance filing made under Regulation 30 of SEBI LODR Regulations.
Foods & Inns Limited has informed the exchanges regarding the availability of the audio recording for its Q3 FY2026 earnings conference call. The call was originally held on February 13, 2026, to discuss the company's unaudited financial performance for the quarter ended December 31, 2025. This filing is a standard regulatory requirement under SEBI (LODR) Regulations, 2015. Investors can access the recording through the link provided on the company's official website.
- Earnings conference call for Q3 FY2026 was conducted on February 13, 2026.
- Audio recording link is now publicly available on the company's investor relations page.
- The discussion covered financial results for the quarter and nine-month period ended December 31, 2025.
- Compliance filing made under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements.
Foods & Inns reported a challenging Q3 FY26 with consolidated revenue declining 21% YoY to βΉ150 crore, primarily due to deferred orders from US customers amid tariff uncertainties. Despite the revenue dip, gross margins improved significantly to 47% from 40.3% YoY, aided by lower raw material costs and a shift toward value-added products. The frozen food segment remains a bright spot, recording 35% volume growth in Q3 and 37% for the nine-month period. The company is expanding its spray-drying capacity by 120 MTPA and investing in solar energy to improve operational efficiencies.
- Consolidated Revenue for Q3 FY26 fell 21% YoY to βΉ150 crore, while 9M FY26 PAT dropped 57% to βΉ8 crore.
- Frozen food segment saw robust volume growth of ~35% YoY in Q3, supported by two new large airline customers.
- Gross margins expanded to 47% in Q3 from 40.3% YoY, reflecting lower inventory costs and better product mix.
- Company is investing βΉ2.5 crore to expand spray-drying capacity by 120 MTPA to meet growing demand.
- Sales tonnage for 9M FY26 increased by 11% to 65,391 MT, despite a 6% dip in the Q3 specific period.
Foods & Inns Limited has allotted 1,11,659 equity shares to employees who exercised their options under the Company's ESOP 2021 plan. The shares, with a face value of Rs 1, were issued at a price of Rs 54 each. This allotment increases the total paid-up equity share capital to Rs 7,35,26,283. No directors were allotted shares in this specific transaction, and the new shares will rank pari passu with existing equity.
- Allotment of 1,11,659 equity shares of face value Rs 1 each
- Shares issued at an exercise price of Rs 54 per share
- Total paid-up capital increased to 7,35,26,283 equity shares
- Zero shares allotted to Directors in this specific NRC meeting outcome
- Allotment conducted under the existing Employees Stock Option Plan 2021
Foods & Inns reported a revenue decline of 18% YoY to βΉ145 crores in Q3 FY26, largely due to a 16.5% drop in average realizations as lower raw material costs were passed through to customers. While total sales tonnage for the quarter remained flat at 14,616 MT, the 9M FY26 tonnage shows a healthy 11% growth. The frozen food segment remains a bright spot, posting 35% volume growth and securing two new airline customers. The company is also investing βΉ2.5 crore to expand its spray-drying capacity by 120 MTPA to meet rising demand.
- Q3 FY26 revenue stood at βΉ145 crores vs βΉ176 crores YoY, a decline of 18%.
- Average realizations fell by ~16.5% YoY, reflecting a pass-through of lower raw material costs from the 2025 crop.
- Frozen food volumes surged 35% YoY in Q3 FY26, with 9M FY26 volumes up 37%.
- Export volumes in Q3 declined 5% to 7,538 MT due to tariff-related uncertainties in the US market.
- Company announced a 120 MTPA capacity expansion in spray-dried powders with a βΉ2.5 crore investment.
Foods & Inns Limited reported a weak set of numbers for Q3 FY26, with consolidated revenue from operations declining 20.6% YoY to βΉ15,046.99 Lakhs. While Profit Before Tax (PBT) grew by 50.9% YoY to βΉ118.89 Lakhs, the Net Profit (PAT) fell sharply by 45.5% YoY to βΉ42.94 Lakhs due to higher tax provisions. For the nine-month period ending December 2025, the company's PAT has seen a significant contraction of 56.8% compared to the previous year. Finance costs showed a positive trend, reducing from βΉ1,583.11 Lakhs to βΉ1,169.32 Lakhs YoY.
- Consolidated Revenue from Operations fell 20.6% YoY to βΉ15,046.99 Lakhs from βΉ18,943.10 Lakhs.
- Net Profit (PAT) for the quarter declined 45.5% YoY to βΉ42.94 Lakhs compared to βΉ78.86 Lakhs.
- 9M FY26 PAT stands at βΉ819.65 Lakhs, a sharp 56.8% drop from βΉ1,899.52 Lakhs in 9M FY25.
- Finance costs for the quarter decreased by 26.1% YoY to βΉ1,169.32 Lakhs.
- Basic EPS for the quarter halved to βΉ0.05 from βΉ0.10 in the corresponding quarter last year.
Foods & Inns Limited reported a weak performance for the quarter ended December 31, 2025, with consolidated revenue declining by 20.5% YoY to βΉ15,046.99 Lakhs. Net profit for the quarter saw a sharp decline of 45.5% YoY, falling to βΉ42.94 Lakhs from βΉ78.86 Lakhs in the previous year. The nine-month performance also shows significant stress, with net profit dropping over 56% to βΉ819.65 Lakhs compared to βΉ1,899.52 Lakhs in the corresponding period last year. Despite a reduction in finance costs, the overall profitability remains under pressure due to lower operational income.
- Consolidated Revenue from Operations fell 20.5% YoY to βΉ15,046.99 Lakhs from βΉ18,943.10 Lakhs.
- Consolidated Net Profit for Q3 FY26 declined 45.5% YoY to βΉ42.94 Lakhs.
- 9M FY26 Net Profit witnessed a sharp 56.8% decline to βΉ819.65 Lakhs versus βΉ1,899.52 Lakhs YoY.
- Finance costs for the quarter stood at βΉ1,169.32 Lakhs, showing a decrease from βΉ1,583.11 Lakhs in Q3 FY25.
- Basic EPS for the quarter halved to βΉ0.05 from βΉ0.10 in the same quarter last year.
Foods & Inns Limited has scheduled its earnings conference call for Friday, February 13, 2026, at 4:30 PM IST. The management team, including the Managing Director, CEO, and CFO, will discuss the financial results for the third quarter ended December 31, 2025. This call is a routine engagement hosted by Arihant Capital Markets to provide transparency on quarterly performance. Investors can access the call via universal dial-in numbers or a pre-registration DiamondPass link.
- Conference call scheduled for February 13, 2026, at 4:30 PM IST to discuss Q3FY26 results.
- Top management including MD Milan Dalal, CEO Moloy Saha, and CFO Anand Krishnan will be present.
- The call will focus on financial performance for the quarter and nine-month period ended December 31, 2025.
- Universal dial-in numbers provided are +91 22 6280 1466 and +91 22 7115 8826.
Foods & Inns Limited has filed its Structured Digital Database (SDD) compliance certificate for the quarter ended December 31, 2025, as per SEBI's Insider Trading regulations. The company successfully captured 2 out of 2 required events involving Unpublished Price Sensitive Information (UPSI) during the period. The certificate confirms that the database is maintained internally, is non-tamperable, and preserves an audit trail for 8 years. No instances of non-compliance were observed by the Practicing Company Secretary during the third quarter of FY 2025-26.
- Successfully captured 100% of required UPSI events (2 out of 2) for the quarter ended Dec 2025
- Maintained a non-tamperable internal database with 8-year record retention capability
- Certified by Practicing Company Secretary for full compliance with SEBI (PIT) Regulations
- Zero non-compliance issues reported for the period from October 1 to December 31, 2025
Foods & Inns Limited has filed its quarterly compliance certificate under SEBI (Depositories and Participants) Regulations for the period ending December 31, 2025. The filing confirms that all share dematerialization requests were processed and the corresponding securities were listed on the BSE and NSE. This certificate, issued by MUFG Intime India Private Limited, ensures that the company's share registry is maintained according to regulatory standards. Such filings are mandatory and indicate smooth administrative operations regarding shareholder records.
- Compliance certificate issued for the quarter ended December 31, 2025.
- Registrar MUFG Intime India confirmed the processing of dematerialization requests.
- Securities comprised in certificates are listed on BSE (507552) and NSE (FOODSIN).
- Physical certificates were mutilated and cancelled after verification within prescribed timelines.
Foods & Inns Limited has announced the closure of its trading window for all designated persons and their immediate relatives starting January 1, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the Q3 FY 2025-26 results. The window will remain shut until 48 hours after the declaration of the unaudited financial results for the quarter ending December 31, 2025. This is a standard regulatory procedure for listed companies to prevent insider trading before earnings releases.
- Trading window closure begins on January 1, 2026, for all designated persons.
- Closure is related to the upcoming unaudited financial results for Q3 FY 2025-26.
- The window will reopen 48 hours after the official announcement of the quarterly results.
- Compliance follows the SEBI (Prohibition of Insider Trading) Regulations, 2015.
Foods & Inns Limited has announced a virtual meeting with Fortuna PMS scheduled for December 24, 2025, between 5:00 PM and 6:00 PM. The discussion will be based on the Q2 & H1FY26 Investor Presentation which was previously released in November 2025 and is already in the public domain. The company has clarified that no unpublished price sensitive information (UPSI) will be shared during this interaction. This is a standard regulatory disclosure under SEBI Listing Obligations and Disclosure Requirements.
- Virtual meeting scheduled with Fortuna PMS on December 24, 2025
- Interaction window set for one hour from 5:00 PM to 6:00 PM
- Discussion to focus on the Q2 & H1FY26 Investor Presentation released in November 2025
- Management confirms that no unpublished price sensitive information (UPSI) will be disclosed
Financial Performance
Revenue Growth by Segment
The company achieved revenue of INR 980-1,000 Cr in FY24. Segmental revenue is dominated by Mango Pulp at 79%, followed by Other Verticals at 13%, Tomato Pulp at 5%, and Guava Pulp at 3%. For 9M FY25, the company recorded revenue of INR 594 Cr, maintaining a healthy trajectory toward medium-term targets.
Geographic Revenue Split
Domestic sales in India contribute 59.8% of total revenue. Export markets account for 35-40% of revenue, with key regions including Europe (12.0%), USA (8.5%), Middle East (6.0%), UK (5.2%), Canada (2.5%), and smaller shares from China (0.9%), New Zealand (0.5%), and Russia (0.4%).
Profitability Margins
Operating margins have historically been volatile between 8% and 11% (FY20-FY23) due to fruit price fluctuations. In FY24, margins improved to 13% primarily due to PLI scheme incentives; excluding these, the core operating margin stands at 10.5-11.0%.
EBITDA Margin
EBITDA margins improved to 13% in FY24 from a previous range of 8-11%. This 200-500 bps expansion is linked to the Production-Linked Incentive (PLI) scheme and better capacity utilization following recent expansions.
Capital Expenditure
The company has undertaken significant capacity expansion during FY24 and Q1 FY25, funded partly by equity infusions. Specific capex is committed under the PLI scheme for the Tetra Recart and Pectin divisions to drive value-added product growth.
Credit Rating & Borrowing
The company maintains a healthy financial profile with a Networth of INR 387 Cr as of March 31, 2024. Debt protection metrics are moderate with an interest coverage ratio of 2.7 times and a net cash accrual to total debt ratio of 0.11 times.
Operational Drivers
Raw Materials
Primary raw materials include Mangoes (Alphonso, Kesar, Totapuri varieties), which account for the bulk of the 70-80% revenue share from pulps, followed by Tomatoes and Guavas.
Import Sources
Sourcing is primarily domestic, centered in major fruit-growing belts including Andhra Pradesh (Chittoor), Gujarat (Valsad), and Maharashtra (Nashik).
Key Suppliers
Procurement is managed through a network of multi-generational smallholder farmers and contract manufacturers. The company recently participated in an Andhra Pradesh government program for high-volume procurement.
Capacity Expansion
The company operates 7 processing units and 2 logistics centers. A new Pectin JV has an installed capacity of 1,100 MTPA, with a strategic goal to double this division's topline by FY26.
Raw Material Costs
Raw material costs are highly seasonal and volatile, as tropical fruit processing (especially mangoes) is restricted to the May-July harvest window. Yield variations directly impact procurement prices and operating margins.
Manufacturing Efficiency
The adoption of Tetra Recart packaging has improved logistics efficiency by 25% in terms of storage and transportation compared to traditional canning.
Logistics & Distribution
Export logistics are a key cost component, with 35-40% of revenue derived from international shipping to Europe, North America, and the Middle East.
Strategic Growth
Expected Growth Rate
20%
Growth Strategy
Growth will be driven by a 20% internal volume growth target and a strategy to 'double the topline' in the Pectin segment by FY26. This involves transitioning from a B2C focus to B2B orders with large clients and expanding the 'Green Top' frozen food brand.
Products & Services
Aseptic fruit pulps (Mango, Tomato, Guava), purΓ©es, concentrates, spray-dried powders, frozen snacks, Pectin, and Ready-to-Eat (RTE) meals in Tetra Recart packaging.
Brand Portfolio
Green Top (Frozen Foods), Foods & Inns (Corporate Brand).
New Products/Services
New launches include Pectin (derived from fruit waste) and Tetra Recart products, which offer a 2-year shelf life without preservatives and are expected to significantly contribute to FY26 revenue.
Market Expansion
Recent expansion into new international markets including Finland, Canada, and the Philippines to reduce geographic concentration.
Market Share & Ranking
The company is a major force in the Indian fruit processing industry with a 50-year track record, though specific market share percentage is not disclosed.
Strategic Alliances
Established a Joint Venture for Pectin production to convert fruit waste into high-value oils, butter, and pectin.
External Factors
Industry Trends
The global fruit pulp market is growing at a 6.4% CAGR (reaching $4.8B by 2030). The Indian spice market is projected to grow from $9.16B to $20.49B by 2033, providing a massive tailwind for the company's diversified segments.
Competitive Landscape
Faces intense competition from both domestic processors and global freeze-drying alternatives, though spray-drying remains more cost-effective for the company's scale.
Competitive Moat
Moat is built on 50+ years of experience, deep-rooted farmer relationships, and 'sticky' supply contracts with global beverage giants like Coca-Cola and PepsiCo. Sustainability is reinforced by ESG compliance which acts as a 'competitive filter' for global clients.
Macro Economic Sensitivity
Highly sensitive to agricultural inflation and monsoon patterns, which dictate the availability and pricing of tropical fruits.
Consumer Behavior
Shift toward convenience-focused consumption and healthy, clean-label products is driving demand for the company's frozen and RTE segments.
Geopolitical Risks
Trade barriers in the EU and UK could impact the 17.2% of revenue derived from these regions.
Regulatory & Governance
Industry Regulations
Subject to Ministry of Food Processing Industries (MoFPI) standards and international food safety protocols for exports to the EU and USA.
Environmental Compliance
Proactive alignment with ESG and BRSR (Business Responsibility and Sustainability Reporting) to secure incremental market share from global manufacturers.
Taxation Policy Impact
The company benefits from fiscal incentives under the PLI scheme, which contributed significantly to the 13% operating margin in FY24.
Risk Analysis
Key Uncertainties
Volatility in fruit prices and weather-dependent yields pose a 2-3% risk to operating margins annually.
Geographic Concentration Risk
59.8% of revenue is concentrated in India, with Europe representing the largest export concentration at 12%.
Third Party Dependencies
High dependency on contract manufacturers for specific processing tasks, as evidenced by security deposits given to manufacturers to ensure high-volume operations.
Technology Obsolescence Risk
Risk of freeze-drying technology displacing spray-drying, though current economic advantages favor the company's existing spray-drying infrastructure.
Credit & Counterparty Risk
Receivables quality is supported by a marquee client base (Fortune 500 companies), reducing the risk of bad debts.