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KRISHIVAL - Krishival Foods

📊 NSE: KRISHIVAL 🏢 Food - Processing - Indian 📅 Last Updated: 12/14/2025 9:03

📢 Recent Corporate Announcements

Krishival Foods Schedules Q4 & FY26 Earnings Call for May 4, 2026

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 28 Apr 2026, 07:51 PM

Krishival Foods Limited has announced its earnings conference call to discuss Q4 and FY26 financial results, scheduled for Monday, May 4, 2026, at 5:30 PM IST. The call will feature the Chairman and the CEOs of both the Ice Cream and Dry Fruits divisions to discuss performance and future strategy. This interaction provides an opportunity for analysts and investors to gain insights into the company's expansion across 300+ cities. No unpublished price sensitive information is expected to be shared during the session.

Earnings call scheduled for May 4, 2026, at 5:30 PM IST to discuss Q4 and FY26 results.
Management representation includes the Chairman and CEOs of the Melt N Mellow (Ice Cream) and Krishival Nuts (Dry Fruits) divisions.
The company currently maintains a distribution presence in over 300 cities across India.
Discussion will focus on financial performance, integrated supply chain, and premium FMCG category growth.

💡 Investors should attend the call to understand the growth trajectory of the ice cream division and the company's strategy for the premium dry fruits market. Monitor management commentary on margin sustainability and distribution network expansion.

Krishival Foods to Host Q4 & FY26 Earnings Conference Call on May 04, 2026

🟡 NEUTRAL ⭐ 4/10

EARNINGS 📅 28 Apr 2026, 06:06 PM

Krishival Foods Limited has scheduled its earnings conference call for Monday, May 04, 2026, at 5:30 PM IST to discuss its Q4 and full-year FY26 financial performance. The management team, including the Chairman and CEOs of the Ice Cream and Dry Fruits divisions, will be present to discuss strategy and outlook. This interaction is a key opportunity for investors to understand the growth trajectory of the company's FMCG brands, Krishival Nuts and Melt N Mellow. The call will be conducted virtually and is open to analysts and institutional investors.

Earnings call scheduled for May 04, 2026, at 5:30 PM IST to review FY26 performance.
Management representation includes Chairman Sujit Bangar and CEOs of both the Ice Cream and Dry Fruits divisions.
The session will cover financial results, business strategy, and future growth outlook.
Primary dial-in numbers for the call are +91 22 6280 1102 and +91 22 7115 8003.
Company operates in the premium nuts and ice cream segments under brands Krishival Nuts and Melt N Mellow.

💡 Investors should attend the call or review the transcript to assess management's commentary on margin expansion and the scaling of the 'Melt N Mellow' ice cream division. Monitor for any updates on FY27 revenue guidance and market penetration strategies in the FMCG space.

Krishival Foods Confirms Non-Large Corporate Status for FY 2025-26

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 25 Apr 2026, 12:35 PM

Krishival Foods Limited has submitted its annual disclosure for the financial year 2025-2026, confirming it does not qualify as a 'Large Corporate Entity' under SEBI criteria. The company reported actual borrowings through debt securities of ₹15.99 Crore for the period. As it falls outside the Large Corporate classification, it is exempt from mandatory incremental borrowing requirements through debt securities. This is a standard regulatory filing and does not indicate any change in the company's operational fundamentals.

Confirmed status as a non-Large Corporate Entity for the financial year 2025-2026.
Reported actual borrowing through debt securities amounting to ₹15.99 Crore.
Mandatory borrowing through debt securities was 'Not Applicable' due to entity status.
Zero penalties incurred for the 2-year block period spanning 2023-2024 to 2024-2025.

💡 This is a routine compliance disclosure with no impact on the company's valuation or strategy; investors should focus on upcoming quarterly earnings for performance cues.

Krishival Foods Deploys 15,000+ Deep Freezers, Boosting Ice Cream Distribution Network

🟢 POSITIVE ⭐ 7/10

EXPANSION 📅 20 Apr 2026, 08:49 AM

Krishival Foods has significantly expanded its cold chain infrastructure by deploying 15,490 deep freezers as of March 31, 2026. This represents a massive jump from 3,732 units at the start of the year, aimed at supporting its 'Melt N Mellow' ice cream brand. The company now reaches over 30,000 retail touchpoints across five key Indian states including Maharashtra and Karnataka. With a manufacturing capacity of 1 lakh litres per day, this infrastructure scale-up is designed to capture growing demand in the frozen food segment and improve last-mile delivery.

Deep freezer network grew from 3,732 to 15,490 units within a single financial year
Retail footprint expanded to over 30,000 touchpoints across Maharashtra, Karnataka, Goa, Telangana, and Andhra Pradesh
Ice cream manufacturing capacity stands at 1 lakh litres per day to support the 'Melt N Mellow' brand
Strategic focus on Tier II and Tier III markets to drive volume growth and product visibility

💡 Investors should monitor if this massive infrastructure expansion translates into higher revenue and market share in the upcoming quarterly results. The stock remains an interesting growth play in the premium FMCG and frozen foods space.

Krishival Foods Shareholders Approve Loan Conversion to Equity for Subsidiary

🟢 POSITIVE ⭐ 7/10

REGULATORY 📅 14 Apr 2026, 04:24 PM

Krishival Foods Limited has successfully passed two major resolutions through a postal ballot with near-unanimous support from non-interested shareholders. The first resolution approves Related Party Transactions, while the second authorizes additional loans and the conversion of existing and new loans into equity shares for its subsidiary, Melt ‘N’ Mellow Foods Private Limited. This move allows the parent company to potentially increase its stake in the subsidiary while managing its financial exposure. Promoters and related parties holding approximately 8.8 million shares were excluded from the voting process to maintain governance standards.

Approval for conversion of loans into equity shares for subsidiary Melt ‘N’ Mellow Foods Private Limited
Related Party Transactions resolution passed with 100% of valid votes (5,022,046 votes in favor)
Loan conversion resolution passed with 99.99% majority (5,022,036 votes in favor)
Over 8.79 million shares held by promoters and related parties were excluded from the voting process to ensure transparency

💡 Investors should view this as a positive step toward formalizing financial support for the subsidiary; monitor the specific conversion price and its impact on the consolidated balance sheet.

Krishival Foods Shareholders Approve Loan Conversion into Equity for Subsidiary

🟢 POSITIVE ⭐ 7/10

FUNDRAISE 📅 14 Apr 2026, 04:22 PM

Krishival Foods Limited has received shareholder approval via postal ballot for two significant special resolutions. The first involves the approval of Related Party Transactions, while the second authorizes an additional loan and the conversion of both previous and new loans into equity shares for its subsidiary, Melt ‘N’ Mellow Foods Private Limited. Both resolutions were passed with nearly 100% approval from the non-interested public shareholders. This move indicates a strategic financial restructuring to strengthen the subsidiary's capital base.

Approval granted for conversion of loans into equity shares for subsidiary Melt ‘N’ Mellow Foods Private Limited
Related Party Transactions resolution passed with 100% favor from 5,022,046 public votes
Loan conversion resolution received 99.99% favor with only 11 votes against
Promoters and related parties holding approximately 87.95 lakh shares were excluded from voting due to being interested parties
Total of 5,022,047 public non-institutional votes were polled, representing 35.87% of that category

💡 Investors should monitor the specific terms and valuation of the loan-to-equity conversion as it will determine the final ownership structure of the subsidiary. The overwhelming shareholder support suggests confidence in the management's strategy to fund and consolidate its subsidiary.

Krishival Foods Reports Nil Demat Requests for Quarter Ended March 31, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 08 Apr 2026, 10:45 AM

Krishival Foods Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. The filing, verified by Purva Sharegistry (India) Pvt. Ltd., confirms that all share certificates received for dematerialization were processed within the prescribed timelines. For the quarter ending March 31, 2026, the company reported that zero (NIL) share certificates were submitted for dematerialization. This is a standard administrative disclosure required by Indian market regulators.

Compliance certificate submitted for the quarter ended March 31, 2026.
Purva Sharegistry (India) Pvt. Ltd. confirmed zero (NIL) shares were dematerialized during the period.
Confirmation that the register of members was updated within prescribed timelines for all regulatory requirements.

💡 No action is required from investors as this is a routine regulatory filing with no impact on the company's business fundamentals or financial health.

Krishival Foods to Close Trading Window from April 1, 2026 for FY26 Audited Results

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 24 Mar 2026, 10:24 AM

Krishival Foods Limited has announced the closure of its trading window for all designated employees starting April 1, 2026. This action is a mandatory compliance step under SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the company's financial disclosures. The closure is specifically for the declaration of audited financial results for the quarter and fiscal year ending March 31, 2026. The window will remain closed until 48 hours after the results are officially submitted to the stock exchanges.

Trading window closure effective from Wednesday, April 1, 2026.
Closure pertains to the audited financial results for the quarter and year ending March 31, 2026.
Applies to all Designated Employees as per SEBI Insider Trading regulations.
Window to reopen 48 hours after the financial results are declared to NSE and BSE.

💡 This is a routine regulatory announcement and does not impact the company's fundamentals. Investors should monitor the upcoming earnings release for actual performance data.

Krishival Foods MD Aparna Sujit Bangar Acquires 4,000 Shares via Open Market

🟢 POSITIVE ⭐ 4/10

MANAGEMENT 📅 14 Mar 2026, 08:08 PM

Aparna Sujit Bangar, the Promoter and Managing Director of Krishival Foods Limited, acquired 4,000 equity shares through an open market transaction on March 13, 2026. The purchase, valued at approximately ₹12.81 lakhs, represents 0.02% of the company's paid-up share capital. This acquisition increases the total promoter group holding to 37.23%. The MD also maintains a significant separate holding of 12,40,361 partly paid-up shares, signaling long-term commitment.

Managing Director purchased 4,000 equity shares (0.02% stake) on March 13, 2026
Total transaction value for the open market purchase was ₹12,80,873
Individual promoter holding increased from 34.47% to 34.49%
Total promoter group holding now stands at 83,00,641 shares or 37.23%
MD also holds 12,40,361 partly paid-up equity shares independent of this trade

💡 Investors should view this open-market purchase as a positive signal of management's confidence in the company's current valuation. While the transaction size is small, consistent insider buying often precedes positive long-term performance.

Krishival Foods Seeks Approval for ₹62.5Cr RPT and ₹45Cr Loan Conversion into Subsidiary Equity

🔵 WATCH ⭐ 7/10

EXPANSION 📅 13 Mar 2026, 06:19 PM

Krishival Foods has issued a postal ballot notice seeking shareholder approval for material related party transactions up to ₹62.50 Crores. The company proposes a new loan of ₹20 Crores to its subsidiary, Melt ‘N’ Mellow Foods Private Limited, for working capital and business activities. Crucially, the company plans to convert this new loan and a previously approved ₹25 Crore loan (totaling ₹45 Crores) into equity shares of the subsidiary. This move effectively transitions debt into a permanent equity stake in the subsidiary.

Approval sought for Material Related Party Transactions up to an aggregate value of ₹62.50 Crores.
Proposed new loan of up to ₹20 Crores to subsidiary Melt ‘N’ Mellow Foods Private Limited.
Plan to convert ₹45 Crores in total loans (₹20Cr new + ₹25Cr previous) into equity shares of the subsidiary.
Conversion to be executed in one or more tranches at prices and timings determined by the Board.
E-voting period scheduled from March 15, 2026, to April 13, 2026, with results by April 14, 2026.

💡 Investors should monitor the valuation at which the ₹45 Crore debt is converted into equity to ensure it is fair and not value-dilutive. Watch for the performance of the subsidiary, Melt ‘N’ Mellow Foods, as this move increases the company's capital exposure to it.

Krishival Foods to Provide Additional ₹20 Cr Loan to Subsidiary; Plans Equity Conversion

🟢 POSITIVE ⭐ 7/10

BOARD_MEETING 📅 12 Mar 2026, 05:44 PM

Krishival Foods has approved an additional loan of ₹20 Crores to its subsidiary, Melt 'N' Mellow Foods Private Limited, bringing the total approved limit to ₹45 Crores. The loan, intended for working capital, carries a 10% interest rate and is planned for future conversion into equity shares. The subsidiary has demonstrated robust growth, with its turnover increasing from ₹16.94 Crores in FY22 to ₹49.94 Crores in FY25. The board also approved several related party transactions, including a ₹6 Crore factory building purchase from a wholly-owned subsidiary.

Additional loan of ₹20 Crores approved for subsidiary Melt 'N' Mellow Foods, totaling ₹45 Crores
Subsidiary turnover grew at a CAGR of approximately 43% over the last four years, reaching ₹49.94 Crores in FY25
The entire ₹45 Crore loan amount is slated for conversion into equity shares in the future
Approved purchase of a factory building for ₹6 Crores from Siddhivinayak Cashews Industries
Loan carries a 10% interest rate and is aimed at supporting the subsidiary's ice cream and dairy business

💡 Investors should view the subsidiary's strong revenue growth and the parent's plan to convert debt into equity as a positive move toward consolidation. Monitor the specific terms of the equity conversion and the subsidiary's path to profitability.

Krishival Foods Shares Recording of Institutional Investor Call Held on March 11, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 11 Mar 2026, 10:24 PM

Krishival Foods Limited successfully conducted an institutional investor conference call on March 11, 2026, at 5:00 p.m. IST. The company has released the audio recording of the session to the public via a shared link as per SEBI LODR regulations. Management confirmed that no presentation was used and no unpublished price sensitive information (UPSI) was disclosed during the interaction. This filing serves as a routine regulatory update following the scheduled investor meet.

Institutional investor conference call held on March 11, 2026, at 05:00 p.m. IST
Audio recording link provided for public access via Google Drive
Company explicitly stated that no unpublished price sensitive information was shared
No separate video recording or presentation materials were used during the meeting

💡 Investors interested in management's qualitative commentary should review the audio recording for insights into business operations. No immediate action is required as no price-sensitive information was disclosed.

Krishival Foods Schedules Virtual Investor Meeting for March 11, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 08 Mar 2026, 12:31 PM

Krishival Foods Limited has announced a virtual meeting with institutional investors and analysts scheduled for March 11, 2026, at 5:00 PM. The interaction is organized by Arihant Capital and aims to provide a platform for management engagement. The company has clarified that no unpublished price sensitive information (UPSI) will be shared during the session. This is a routine disclosure under SEBI Listing Obligations and Disclosure Requirements.

Virtual meeting with investors and analysts scheduled for March 11, 2026, at 5:00 PM.
The conference is organized by Arihant Capital Group.
The company confirmed that no unpublished price sensitive information will be disclosed.
Meeting is subject to changes based on exigencies from either the company or investors.

💡 Investors should look for any post-meeting presentations or transcripts that may provide qualitative insights into the company's growth strategy. No immediate action is required as this is a standard investor relations activity.

Krishival Foods Limited Announces Q3 FY26 Unaudited Financial Results

🟡 NEUTRAL ⭐ 7/10

EARNINGS 📅 11 Feb 2026, 08:54 AM

Krishival Foods Limited has officially filed its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The announcement, dated February 11, 2026, complies with Regulation 30 of the SEBI Listing Regulations. While the specific financial figures were not detailed in this cover letter, the company has issued a media release to explain the results. Investors should review the full financial statements to evaluate the company's performance trajectory.

Submission of unaudited financial results for the quarter ended December 31, 2025.
Results include both standalone and consolidated financial data for the nine-month period.
Filing completed on February 11, 2026, with NSE (KRISHIVAL) and BSE (544416).
Media release issued to provide qualitative context to the financial performance.

💡 Investors should examine the detailed financial tables for revenue growth and margin performance once the full report is available. Compare the Q3 results against previous quarters to assess the company's operational consistency.

Krishival Foods Approves Q3 Results, Rs 6 Cr Asset Purchase, and 6.35 Lakh ESOP Grant

🟢 POSITIVE ⭐ 7/10

BOARD_MEETING 📅 10 Feb 2026, 05:31 PM

Krishival Foods Limited announced its Q3 FY26 results alongside several strategic board decisions. The company approved the purchase of a factory building from its subsidiary for Rs 6 crores and issued a corporate guarantee of Rs 4.5 crores to support the working capital of its subsidiary, Melt ‘N’ Mellow Foods. Notably, the Chairperson has waived his remuneration, and the company granted 6,35,000 ESOPs to employees at Rs 10 per share. The subsidiary Melt ‘N’ Mellow showed steady performance with a quarterly revenue of Rs 19.58 crores and a net profit of Rs 58.60 lakhs.

Approved the purchase of a factory building from subsidiary Siddhivinayak Cashews for Rs 6 crores.
Granted 6,35,000 ESOPs to employees at an exercise price of Rs 10 per share under the 2023 plan.
Issued a corporate guarantee of up to Rs 4.5 crores for loans to subsidiary Melt ‘N’ Mellow Foods.
Chairperson and Whole-Time Director Mr. Sujit Sudhakar Bangar waived his remuneration.
Subsidiary Melt ‘N’ Mellow Foods reported Q3 revenue of Rs 1,958.61 lakhs and PAT of Rs 58.60 lakhs.

💡 Investors should view the Chairperson's remuneration waiver as a sign of strong promoter commitment and monitor the growth of the Melt ‘N’ Mellow subsidiary. The asset consolidation through the factory purchase may lead to operational efficiencies.

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💰 Financial Performance

Revenue Growth by Segment

Krishival Nuts segment revenue reached INR 86.94 Cr in H1 FY26, growing 19% YoY, while the Melt N Mellow (Ice Cream) segment contributed INR 29.24 Cr, representing a 37% YoY growth. In Q2 FY26, Nuts grew 20% YoY to INR 53.05 Cr, and Ice Cream grew to INR 13.61 Cr, a significant increase following the September 2024 acquisition.

Geographic Revenue Split

The company has a strong market presence across Western and Southern India, specifically targeting Maharashtra, Karnataka, Telangana, and Andhra. It also maintains an export footprint in Singapore with plans to expand into other Asian and Middle Eastern markets.

Profitability Margins

Net Profit Margin stood at 7.81% for FY25, down from 9% in FY24. Operating Profit Margin was reported at 24.30% for FY25. Return on Networth was 10.50% in FY25, compared to 12.63% in FY24 and 8.04% in FY23.

EBITDA Margin

EBITDA margin was 12% in FY25 (INR 25.2 Cr), a decrease from 14% in FY24 and 16% in FY23, primarily due to capacity expansion costs and the integration of new business segments. EBITDA has grown 3.4x since FY22, achieving a 51% CAGR.

Capital Expenditure

The company plans to quadruple its nuts processing capacity over the next two years and is investing in securing finances to reach 100% capacity utilization in the ice cream segment by FY28.

Credit Rating & Borrowing

The company maintains a very low Debt-Equity Ratio of 0.04% and a high Interest Coverage Ratio of 23.84x as of March 31, 2025, indicating minimal reliance on external debt and strong ability to service interest from operating profits.

⚙️ Operational Drivers

Raw Materials

Key raw materials include raw nuts (cashews, pistachios, etc.) for the nuts segment and milk and cream for the Melt N Mellow ice cream, dairy, and bakery segments. Specific percentage of total cost for each is not disclosed.

Import Sources

Raw materials are sourced through a sound supply chain arrangement, primarily within India to support manufacturing units in Halkarni Industrial Area, Kolhapur, Maharashtra.

Capacity Expansion

Current ice cream capacity utilization is 25% as of H1 FY26, with a target to reach 100% by FY28. The company also plans to quadruple its nuts processing capacity within the next two years.

Raw Material Costs

Cost of Material Consumed was INR 57.8 Cr in FY23. The company utilizes in-house flavoring and value addition to maintain margins and quality consistency.

Manufacturing Efficiency

Smart automation is employed to drive efficiency and product consistency; ice cream capacity utilization is targeted to scale from 25% to 100% over two years.

Logistics & Distribution

Distribution is being expanded to reach over 200 towns, focusing on Tier II and III markets, modern trade, and quick commerce channels.

📈 Strategic Growth

Expected Growth Rate

100%

Growth Strategy

Growth will be driven by quadrupling nuts processing capacity, expanding retail reach to 200+ towns, strengthening e-commerce and quick commerce channels, and scaling export footprints. The company aims for a 50-50 revenue split between nuts and ice cream by FY28.

Products & Services

Premium nuts (roasted salted pistachios, assorted flavored cashews), dry fruits, ice cream, dairy products, and bakery items.

Brand Portfolio

Krishival Nuts, Melt N Mellow.

New Products/Services

Launch of new indulgent and health-based snacks, alongside expansion into dairy and bakery categories under the Melt N Mellow brand.

Market Expansion

Pan-India expansion for Krishival Nuts and regional deepening in Karnataka, Telangana, and Andhra for the ice cream segment.

Strategic Alliances

Acquisition of Melt N Mellow Foods Private Limited in September 2024 to venture into the ice cream and dairy segment.

🌍 External Factors

Industry Trends

The FMCG sector is seeing rapid growth in Tier II/III markets and a shift toward quick commerce. Krishival is positioning itself as an agile, innovation-led player competing with larger incumbents.

Competitive Landscape

Competes with much larger FMCG incumbents through innovation, quality, and a dual-brand strategy (Nuts and Ice Cream).

Competitive Moat

Moat is built on an integrated manufacturing ecosystem, consistent product quality (aroma/crunchiness), and a robust supply chain that ensures premium pricing and customer trust.

Macro Economic Sensitivity

High sensitivity to discretionary consumption trends in India, which drives demand for premium FMCG products.

Consumer Behavior

Increasing consumer preference for premium, branded, and health-oriented snacks and indulgent dairy products.

Geopolitical Risks

Expansion into Asian and Middle Eastern export markets introduces risks related to international trade regulations and geopolitical stability.

⚖️ Regulatory & Governance

Industry Regulations

Operations are subject to the Companies Act 2013, food safety standards (FSSAI), and pollution control norms applicable to food processing units in Maharashtra.

Environmental Compliance

The company emphasizes sustainability and circular value creation as part of its core pillars.

Taxation Policy Impact

Current tax liabilities (Net) stood at INR 1.7 Cr as of H1 FY26.

Legal Contingencies

The company has disclosed the impact of pending litigations on its financial position in Note 39 of the Standalone Financial Statements for FY25.

⚠️ Risk Analysis

Key Uncertainties

Success depends on the ability to quadruple capacity while maintaining 100% utilization and successfully scaling the ice cream segment to contribute to PAT by FY27.

Geographic Concentration Risk

Revenue is currently concentrated in Western and Southern India (Maharashtra, Karnataka, Telangana, Andhra).

Third Party Dependencies

Dependency on raw nut suppliers and dairy farmers for consistent quality and quantity of raw materials.

Technology Obsolescence Risk

The company mitigates this by investing in smart automation and innovation-driven manufacturing.

Credit & Counterparty Risk

Debtors turnover of 12.87x indicates a relatively healthy collection cycle, though rapid expansion in retail and e-commerce requires careful credit management.