Krishival Foods Limited (KRISHIVAL)
₹373.55 -2.77% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Krishival Foods' revenue was ₹89.0 Cr (+79.6% year on year, -12.8% on the previous quarter), and net profit ₹5.6 Cr (+27.3% year on year); the operating margin was 11.8%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹89.0 | +79.6% | -12.8% |
| Operating profit | ₹10.5 | +93.8% | +93.4% |
| Net profit | ₹5.6 | +27.3% | +0.2% |
| EPS (₹) | 2.40 | +43.7% | +13.2% |
| Operating margin | 11.8% | — | — |
KRISHIVAL delivery percentage and bulk deals
NSE end-of-day data for
On Fri, 16 Oct 2026, 95.7% of the KRISHIVAL shares traded on NSE were taken to delivery, against the stock's own 20-session average of 77.01%. The price fell 2.77% on that unusually high delivery, the pattern the delivery dashboard labels distribution. It traded 2.9 times its average daily volume. 1 bulk or block deal was reported in KRISHIVAL in the last 60 days: ₹8 Cr sold, none bought.
Delivery in the last 5 sessions: 64.9% · 77.4% · 82.1% · 82.0% · 95.7%
| Date | Side | Counterparty | Value | Price | Quantity | Type |
|---|---|---|---|---|---|---|
| 28 Sep | Sell | Njd Capital Private Limited | ₹8.27 Cr | ₹413.56 | 200,000 | Bulk |
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
Krishival Foods Limited has submitted its compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026. Issued by Purva Sharegistry (India) Pvt. Ltd., the certificate confirms that all dematerialisation requests received during the period were duly processed, verified, and cancelled. The filing indicates zero shares were dematerialised during the quarter (reported as NIL). This is a purely procedural regulatory submission with no financial or operational impact.
- Regulation 74(5) demat certificate filed for the quarter ended September 30, 2026
- Share certificates dematerialised reported as NIL between 01/07/2026 and 30/09/2026
- RTA confirmation issued by Purva Sharegistry (India) Pvt. Ltd. dated 01/10/2026
Krishival Foods Limited concluded its 12th Annual General Meeting on September 28, 2026, where shareholders approved all nine proposed resolutions with 100% of votes cast in favour. Key approvals include the declaration of a final dividend of Rs 0.35 per share (face value Rs 10) for FY26. Shareholders also approved financial support via an additional loan and corporate guarantee to its subsidiary, Melt 'N' Mellow Foods Private Limited, alongside related-party transaction approvals. Promoters abstained from voting on the subsidiary and related-party resolutions, with public non-institutional shareholders passing them unanimously with 59,69,931 votes.
- Final dividend of Rs 0.35 per equity share approved for FY26
- All 9 resolutions passed with 100% votes in favour among polled votes
- Special resolutions approved for additional loan and corporate guarantee to subsidiary Melt 'N' Mellow Foods Private Limited
- 59,69,931 public non-institutional votes (67.06% of category shares) polled and approved related-party matters
Krishival Foods Limited concluded its 12th Annual General Meeting (AGM) on September 28, 2026. Shareholders considered 9 resolutions, including the adoption of FY26 financial statements and a final dividend of Rs. 0.35 per share (face value Rs. 10). Key special business items included re-appointment of three Independent Directors and approvals for an additional loan, corporate guarantee, and related party transactions for subsidiary Melt 'N' Mellow Foods Private Limited. The voting results will be declared separately following the Scrutinizer's report.
- Held 12th AGM on September 28, 2026 via Video Conferencing
- Considered declaration of Final Dividend of Rs. 0.35 per equity share of Rs. 10 face value
- Special resolutions included re-appointment of 3 Independent Directors for second terms
- Approval sought for additional loan and corporate guarantee to subsidiary Melt 'N' Mellow Foods Private Limited
Krishival Foods Limited has scheduled a virtual interaction with institutional investors and analysts on September 29, 2026. The meeting will take place at the 'Bharat Connect Conference: Rising Stars September – 2026' hosted by Arihant Capital. The company confirmed that no unpublished price-sensitive information (UPSI) will be discussed during the group meeting.
- Conference scheduled for September 29, 2026
- Organized by Arihant Capital under 'Bharat Connect Conference: Rising Stars'
- Meeting format is virtual group interaction with investors/analysts
- Company affirmed no unpublished price-sensitive information (UPSI) will be shared
Krishival Foods Limited has announced the closure of its trading window for designated persons starting Thursday, October 1, 2026. This administrative closure is in accordance with SEBI insider trading regulations for the review and approval of unaudited financial results for the quarter ending September 30, 2026. The window will reopen 48 hours after the declaration of the financial results to stock exchanges. This is a standard quarterly procedural filing with no immediate business impact.
- Trading window closed starting Thursday, October 01, 2026
- Pertains to unaudited financial results for the quarter ending September 30, 2026
- Trading window opens 48 hours after financial results are declared
Krishival Foods has approved a reminder notice for the First and Final Call of ₹195 per share on 5,61,040 outstanding partly paid-up equity shares, totaling ~₹10.94 crore. Out of the original 33,33,160 partly paid-up shares, 27,72,120 shares have already been converted to fully paid-up shares and are trading. Eligible holders have a payment window from September 22, 2026, to October 5, 2026, with the company waiving delayed-payment interest charges.
- Reminder notice issued for First and Final Call of ₹195 per share (₹6.50 face value + ₹188.50 premium)
- Applies to 5,61,040 unpaid partly paid-up equity shares, representing ~₹10.94 crore in call money
- 27,72,120 shares previously paid and converted, with 27,72,095 shares already trading since August 18, 2026
- Payment window set from September 22, 2026, to October 5, 2026, with interest on delayed payment waived
Krishival Foods Limited filed a post-intimation regarding a physical one-on-one meeting held with FYERS Asset Management on September 3, 2026. The company confirmed that no unpublished price sensitive information (UPSI) was shared during the session. This is a standard regulatory disclosure pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015.
- Meeting conducted on September 3, 2026, via in-person physical mode
- One-on-one interaction held with institutional investor FYERS Asset Management
- Company confirmed no unpublished price sensitive information (UPSI) was discussed
Krishival Foods Limited has issued the notice for its 12th Annual General Meeting scheduled for September 28, 2026. Key agenda items include the adoption of FY26 standalone and consolidated financial statements and declaration of a final dividend of ₹0.35 per equity share (face value ₹10). Additionally, the company seeks shareholder approval to re-appoint M/s. Tammana Parmar & Associates as Statutory Auditors for a second 5-year term and re-appoint two independent directors.
- 12th Annual General Meeting to be held on Monday, September 28, 2026 via video conferencing
- Final dividend proposed at ₹0.35 per equity share of face value ₹10 for FY26
- Re-appointment of Statutory Auditors M/s. Tammana Parmar & Associates for a 5-year term (2026-2031)
- Re-appointment of Independent Directors Mr. Shailesh Kumar Jain and Mr. Neeraj Kulbhushan Taandon for a second 5-year term from August 6, 2026
Krishival Foods' Board approved Rs 35 crore in loans to subsidiary Melt 'N' Mellow Foods (Rs 25 crore from Rights Issue proceeds for 10,000 deep freezers and Rs 10 crore for working capital at 12% interest, convertible into equity), deciding against a direct equity acquisition. The company also approved an additional corporate guarantee of up to Rs 35 crore for credit facilities availed by the subsidiary. Additionally, the record date for the final dividend and AGM voting eligibility was fixed for September 21, 2026, with the 12th AGM scheduled for September 28, 2026.
- Approved Rs 35 crore loan to subsidiary Melt 'N' Mellow at 12% interest, convertible into equity shares.
- Rs 25 crore from Rights Issue proceeds allocated to deploy 10,000 additional deep freezers for the ice cream division.
- Approved additional corporate guarantee up to Rs 35 crore (~18.2% of net worth) for subsidiary credit facilities.
- Melt 'N' Mellow reported FY26 turnover of Rs 90.22 crore, up 80.7% YoY from Rs 49.94 crore in FY25.
- Fixed September 21, 2026 as the Record Date for dividend entitlement and AGM voting.
Krishival Foods' Board has approved providing a ₹35 crore corporate loan (at 12% interest, convertible to equity) and a ₹35 crore corporate guarantee to its ice cream subsidiary, Melt 'N' Mellow Foods. Rather than proceeding with a direct equity acquisition, the company is allocating ₹25 crore from rights issue proceeds to fund 10,000 additional deep freezers and ₹10 crore for working capital. Additionally, the Board approved leasing adjacent MIDC land to expand its existing manufacturing footprint and set September 21, 2026, as the dividend record date.
- Approved ₹35 crore loan at 12% interest to subsidiary Melt 'N' Mellow, convertible to equity in future tranches
- ₹25 crore from rights issue earmarked to strengthen cold chain via deployment of 10,000 deep freezers
- Approved corporate guarantee up to ₹35 crore in favour of lenders for credit facilities availed by the subsidiary
- Taking adjacent MIDC land on long-term lease to facilitate operational expansion
- Melt 'N' Mellow reported FY26 turnover of ₹90.22 crore, up 80.7% from ₹49.94 crore in FY25
Krishival Foods Limited filed a post-intimation confirming physical one-on-one interactions with three institutional entities on September 2, 2026. The participants included Monarch Capital, Latin Manharlal Securities, and Dhanki Securities. The company confirmed that no unpublished price sensitive information (UPSI) was discussed during these interactions.
- Conducted physical one-on-one analyst/investor meetings on September 2, 2026
- Participating entities: Monarch Capital, Latin Manharlal Securities, and Dhanki Securities
- Company confirmed zero unpublished price sensitive information (UPSI) was shared
Krishival Foods Limited has scheduled a one-on-one physical meeting with FYERS Asset Management on September 3, 2026. The meeting will be conducted under Regulation 30 of SEBI (LODR) Regulations, 2015. The company confirmed that no unpublished price sensitive information (UPSI) will be shared during the interaction. This is a routine investor outreach activity for the Rs 995 Cr market cap company.
- One-on-one investor meeting scheduled for September 3, 2026
- Meeting to be held physically with FYERS Asset Management
- Company affirmed that no unpublished price sensitive information (UPSI) will be shared
- Filing submitted pursuant to Regulation 30 of SEBI LODR Regulations, 2015
Krishival Foods Limited has informed the exchanges regarding scheduled one-on-one investor/analyst meetings on September 2, 2026. The physical meetings are scheduled with Monarch Capital, Latin Manharlal Securities, and Dhanki Securities. The company confirmed that no unpublished price sensitive information (UPSI) will be shared during these interactions.
- One-on-one physical investor meetings scheduled for September 2, 2026.
- Interactions planned with 3 entities: Monarch Capital, Latin Manharlal Securities, and Dhanki Securities.
- Company confirmed that no unpublished price sensitive information will be disclosed.
Krishival Foods' Board has approved an investment of up to ₹35 crore in its ice cream subsidiary, Melt 'N' Mellow Foods Private Limited, utilizing Rights Issue proceeds and converting existing loans into equity. This transaction will marginally increase Krishival's stake from 52.94% to 54.90%. The subsidiary has demonstrated rapid revenue growth, reporting ₹90.22 crore in FY26 turnover compared to ₹49.94 crore in FY25. The transaction is slated for completion by September 30, 2026.
- Board approved investment of up to ₹35 crore via Rights Issue proceeds and loan-to-equity conversion
- Shareholding in Melt 'N' Mellow to rise from 52.94% to 54.90%
- Melt 'N' Mellow posted FY26 audited turnover of ₹90.22 crore, up 80.7% YoY from ₹49.94 crore in FY25
- Acquisition and loan conversion targeted for completion on or before September 30, 2026
Krishival Foods Limited announced that 27,72,095 partly paid-up equity shares have been converted into fully paid-up equity shares of face value ₹10 each. The newly converted equity shares have been admitted for trading on both the NSE and BSE effective August 18, 2026. These shares rank pari passu with the company's existing fully paid-up shares. The filing marks the procedural listing following the payment/conversion under the company's rights issue.
- 27,72,095 partly paid-up equity shares converted into fully paid-up equity shares
- Converted shares carry a face value and paid-up value of ₹10 each
- Admitted for trading on NSE and BSE effective from August 18, 2026
- Converted equity shares rank pari passu in all respects with existing fully paid equity shares
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.
