Foods & Inns Limited (FOODSIN)
₹47.13 -0.70% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Foods & Inns' revenue was ₹157 Cr (-33.3% year on year, -45.5% on the previous quarter), and net profit ₹3.8 Cr (-46.0% year on year); the operating margin was 13.2%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹157 | -33.3% | -45.5% |
| Operating profit | ₹20.8 | -14.8% | -48.0% |
| Net profit | ₹3.8 | -46.0% | -79.8% |
| EPS (₹) | 0.52 | -45.8% | -80.4% |
| Operating margin | 13.2% | — | — |
FOODSIN delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 86.84% of the FOODSIN shares traded on NSE were taken to delivery, against the stock's own 20-session average of 64.45%. That is higher than usual for this stock. Turnover was only ₹21 lakh, so a handful of trades can move this figure.
Delivery in the last 5 sessions: 52.3% · 48.4% · 69.3% · 69.6% · 86.8%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Foods & Inns Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the period ended September 30, 2026. The certificate, issued by Registrar and Share Transfer Agent MUFG Intime India Private Limited, confirms that all security certificates received for dematerialisation during the quarter were duly processed, confirmed or rejected, and cancelled within regulatory timelines. This is a recurring administrative disclosure with zero financial or operational impact.
- Compliance certificate submitted under Regulation 74(5) of SEBI Regulations, 2018.
- Pertains to the quarter ended September 30, 2026.
- Issued by RTA MUFG Intime India Private Limited (dated October 3, 2026).
- Filing executed and submitted to BSE and NSE on October 12, 2026.
Foods & Inns Limited conducted its 54th Annual General Meeting (AGM) on September 28, 2026, via video conferencing. Key ordinary and special resolutions were tabled, including the adoption of FY26 audited standalone and consolidated financial statements, dividend declaration, re-appointment of retiring director Mr. Raymond Simkins, and commission approval for non-executive directors. Remote e-voting was held from September 24 to September 27, 2026, and final voting results will be submitted separately. The company reported TTM revenue of ₹789 Cr and TTM PAT of ₹24 Cr.
- 54th Annual General Meeting held on September 28, 2026, from 4:00 P.M. to 4:40 P.M.
- Remote e-voting window was open from September 24, 2026 (10:00 AM) to September 27, 2026 (5:00 PM)
- Resolutions tabled include adoption of FY26 financial statements and dividend declaration
- M/s Ragini Chokshi & Co appointed as Scrutinizer to oversee the e-voting process
Foods & Inns Limited has announced its 54th Annual General Meeting (AGM) to be held on Monday, September 28, 2026, at 4:00 PM via video conferencing. The Board fixed the cut-off date for remote e-voting eligibility as Monday, September 21, 2026. Additionally, the Board approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, along with statutory reports for AGM dispatch.
- 54th Annual General Meeting scheduled for September 28, 2026 at 4:00 PM via VC/OAVM
- Remote e-voting cut-off date established as September 21, 2026
- Board approved AGM notice, Directors Report, and Corporate Governance Report on August 11, 2026
Foods & Inns Limited has released newspaper advertisements in 'The Free Press Journal' and 'Navshakti' on September 06, 2026, pursuant to Regulation 47 of SEBI LODR. The publication provides notice for the company's 54th Annual General Meeting (AGM), detailing remote e-voting procedures and book closure dates. This is a routine administrative compliance filing with no impact on operations or financials.
- Published notice for the 54th Annual General Meeting of the company
- Advertisements released on September 06, 2026, in 'The Free Press Journal' (English) and 'Navshakti' (Marathi)
- Filing covers statutory disclosures relating to remote e-voting and book closure
- Submission dated September 07, 2026, under Regulation 47 of SEBI LODR Regulations
Foods & Inns Limited has revised its record date to Friday, September 18, 2026 (previously intimated as September 21, 2026) for determining shareholder eligibility for its 54th Annual General Meeting (AGM) and dividend distribution. The company's 54th AGM is scheduled to take place on Monday, September 28, 2026, at 4:00 PM. Furthermore, the Register of Members and Share Transfer Books will remain closed from September 21 to September 28, 2026 (both days inclusive).
- Record date revised to Friday, September 18, 2026 for dividend distribution and AGM
- 54th Annual General Meeting scheduled for Monday, September 28, 2026 at 4:00 PM
- Book closure period set from September 21, 2026 to September 28, 2026 (both days inclusive)
- Applicable on equity shares having paid-up face value of Re. 1/- each
Foods & Inns Limited has released the audio recording of its Q1 FY2027 earnings conference call held on August 13, 2026. The company reported a revenue of Rs 157.49 crore and a net profit of Rs 3.83 crore for the quarter ended June 30, 2026. This represents a sequential decline from the Rs 289 crore revenue and Rs 19 crore PAT recorded in the preceding quarter (March 2026). Investors can access the recording to understand management's progress on the 1,100 MTPA Pectin JV and the 20% internal volume growth target.
- Earnings call recording for Q1 FY2027 made available via public link on August 14, 2026
- Q1 FY2027 revenue stood at Rs 157.49 crore, compared to Rs 289.0 crore in the previous quarter
- Net profit for the quarter was Rs 3.83 crore, a sharp decline from Rs 19.0 crore in Q4 FY2026
- Company maintains a strategic goal to double the Pectin division's topline by FY2026
- Debt remains high at Rs 420 crore against a market capitalization of Rs 394 crore
Foods & Inns Limited has disclosed significant financial restructuring in its Q1 FY27 results publication. The company raised Rs 205 Cr from NBFCs to refinance high-cost debt and fund capital expenditures, a substantial amount representing approximately 52% of its market capitalization. This move facilitated the release of 85,20,330 pledged promoter shares on July 7, 2026, reducing encumbrance risks for nearly half of the promoter's total holding. Additionally, the company successfully cleared international regulatory inspections from TGA Australia and MFDS Korea at its Patalganga facility.
- Raised Rs 205 Cr from NBFCs to refinance existing high-cost debt and support capex.
- Released 85,20,330 pledged promoter shares on July 7, 2026, following the debt restructuring.
- Reported an exceptional expense of Rs 3.60 Cr due to revised labor code definitions for employee benefits.
- Successfully completed facility inspections by TGA Australia and MFDS Korea at the Patalganga unit.
- Total income for the quarter ended June 30, 2026, stood at Rs 165.58 Cr.
Foods & Inns reported a weak Q1 FY27 with total income declining 33% YoY to ₹160 Cr and PAT falling 46% to ₹4 Cr. The performance was hampered by a 30.5% drop in sales volumes (20,836 MT) and an 18.5% decline in average realizations. Significant logistics bottlenecks in the export segment left 1,800 MT of finished goods unshipped. Despite the top-line contraction, gross margins improved sharply to 55.1% from 39.0% YoY, aided by lower raw material costs from the previous season.
- Total Income declined 33% YoY to ₹160 Cr, representing approximately 18% of TTM revenue.
- Sales volumes fell to 20,836 MT from 29,964 MT in the previous year's quarter.
- Export logistics issues resulted in 1,800 MT of finished goods being overdue for shipment.
- Gross Profit Margin expanded to 55.1% from 39.0% YoY due to lower raw material procurement costs.
- Frozen food segment grew 19.5% in value, while the spice business grew 14.7% YoY.
Foods & Inns Limited has informed the exchanges that Mr. Ameya T. Masurkar has resigned from the position of Company Secretary & Compliance Officer (Key Managerial Personnel) citing personal and professional reasons. The cessation is effective from the close of business hours on August 11, 2026. This represents a routine statutory secretarial departure and does not affect the company's operating performance or financials.
- Resignation of Ameya T. Masurkar as Company Secretary & Compliance Officer (KMP)
- Effective cessation date: Close of business hours on August 11, 2026
- Reason provided: Personal and professional reasons
- Successor appointment: Not disclosed in the filing
Foods & Inns Limited has approved the incorporation of a new subsidiary, F-HAD Private Limited, in which it will hold a 51% stake. The new entity will focus on the branding and marketing of fruit and vegetable products, aligning with the company's strategy to move further into value-added segments. The initial financial commitment is small, with a paid-up capital of Rs 1,00,000, making it immaterial relative to the company's TTM revenue of Rs 868 Cr. Additionally, the company noted the resignation of its Company Secretary, Ameya T. Masurkar, effective August 11, 2026.
- Incorporation of a new subsidiary, F-HAD Private Limited, with 51% shareholding by the company.
- The subsidiary will have an initial authorized capital of Rs 10,00,000 and a paid-up capital of Rs 1,00,000.
- Business focus is specifically on branding and marketing of food products, particularly fruits and vegetables.
- Resignation of Company Secretary & Compliance Officer Ameya T. Masurkar effective August 11, 2026.
Foods & Inns Limited has approved the incorporation of a new subsidiary, F-HAD Private Limited, in which it will hold a 51% stake. The new entity will focus on the branding and marketing of food products, specifically fruits and vegetables. With an initial paid-up capital of only ₹1,00,000, the financial commitment is currently negligible compared to the company's ₹573 Cr net worth. This move appears to be a strategic step to separate or enhance its marketing functions within the food processing value chain.
- 51% shareholding to be acquired by Foods & Inns via cash consideration
- ₹1,00,000 initial paid-up capital for the proposed subsidiary
- ₹10,00,000 authorized capital for the new entity
- Focus area defined as branding and marketing of fruit and vegetable products
- Incorporation is subject to approval from the Ministry of Corporate Affairs (MCA)
Foods & Inns Limited has approved the incorporation of a new subsidiary, F-HAD Private Limited, in which it will hold a 51% stake. The subsidiary will focus on the branding and marketing of food products, particularly fruits and vegetables, aligning with the company's existing business line. The initial financial commitment is nominal, with the subsidiary having an authorized capital of ₹10,00,000 and a paid-up capital of ₹1,00,000. This move appears to be a strategic step toward strengthening the company's marketing and branding capabilities.
- Acquisition of a 51% controlling stake in the newly proposed subsidiary F-HAD Private Limited
- Subsidiary authorized capital set at ₹10,00,000 with a paid-up capital of ₹1,00,000
- Business focus is specifically on branding and marketing of fruit and vegetable food products
- Consideration for the 51% stake will be paid in cash
- Incorporation is subject to approval from the Ministry of Corporate Affairs (MCA)
Foods & Inns Limited has announced September 21, 2026, as the record date for its upcoming dividend distribution and 54th Annual General Meeting (AGM). The AGM is scheduled for September 28, 2026, following a fiscal year (FY26) where the company generated ₹867.66 Cr in revenue and ₹26.77 Cr in PAT. This announcement is a routine procedural step for shareholders to receive dividends and participate in the annual meeting. The company currently carries a debt of ₹420 Cr against a market capitalization of ₹379 Cr.
- Record date for dividend eligibility fixed as September 21, 2026
- 54th Annual General Meeting scheduled for September 28, 2026, at 4:00 PM
- Book closure period set from September 21 to September 28, 2026 (8 days)
- Company reported a TTM PAT of ₹27 Cr on a TTM revenue of ₹868 Cr
- Promoter holding remains relatively low at 25.4% as of March 2026
Foods & Inns reported a weak Q1 FY27 with consolidated revenue falling 33.3% YoY to ₹157.49 Cr and net profit declining 46% to ₹3.83 Cr. Sales tonnage dropped 30.5% to 20,836 MT, primarily due to a 37% slump in domestic volumes, while exports grew 8.3% despite logistics hurdles. The company faced significant headwinds from export freight issues, leaving 1,800 MT of finished goods unshipped, and a 18.5% decline in average realizations due to lower raw material costs.
- Consolidated Revenue from Operations fell 33.3% YoY to ₹157.49 Cr from ₹236.15 Cr
- Net Profit after Tax declined 46% YoY to ₹3.83 Cr compared to ₹7.10 Cr in Q1 FY26
- Total Sales Tonnage decreased by 30.5% to 20,836 MT, with domestic sales falling 37% YoY
- Approximately 1,800 MT of finished goods are overdue for shipment due to export freight and container availability issues
- Average realizations declined by ~18.5% YoY, reflecting a pass-through of lower raw material costs from the 2025 crop season
Foods & Inns reported a weak Q1 FY27 with consolidated revenue falling 33.3% YoY to ₹157.49 Cr and net profit declining 46% to ₹3.83 Cr. Sales volumes dropped 30.5% YoY to 20,836 MT, primarily driven by a 37% slump in domestic volumes. Export logistics issues left 1,800 MT of finished goods unshipped, while average realizations fell 18.5% due to lower raw material costs being passed through. Despite the overall decline, value-added segments like Frozen Food and Kusum Spices showed growth of 19.5% and 14.7% respectively.
- Consolidated Revenue from Operations fell 33.3% YoY to ₹157.49 Cr from ₹236.15 Cr.
- Net Profit after tax decreased 46% YoY to ₹3.83 Cr compared to ₹7.10 Cr in the previous year.
- Total sales tonnage declined 30.5% to 20,836 MT, with domestic volumes specifically down 37%.
- Export logistics issues resulted in 1,800 MT of finished goods being overdue for shipment.
- Total financial indebtedness stood at ₹469.17 Cr as of June 30, 2026, exceeding the current market cap.
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), purées, 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.
