Proventus Agrocom Limited (PROV)
Latest quarterly results (H2 FY26)
In its latest reported quarter, H2 FY26, Proventus Agrocom's revenue was ₹535 Cr (+85.9% year on year, +37.3% on the previous half-year), and net profit ₹7.6 Cr (+152.5% year on year); the operating margin was 1.8%.
| H2 FY26 (₹ Cr) | Value | YoY vs H2 FY25 | vs prev. half |
|---|---|---|---|
| Revenue | ₹535 | +85.9% | +37.3% |
| Operating profit | ₹9.5 | +90.9% | +6.1% |
| Net profit | ₹7.6 | +152.5% | +8.2% |
| EPS (₹) | 21.78 | +196.7% | +13.2% |
| Operating margin | 1.8% | — | — |
PROV delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 100.0% of the PROV shares traded on NSE were taken to delivery, against the stock's own 20-session average of 88.88%. That is close to its usual level. Turnover was only ₹2 lakh, so a handful of trades can move this figure. Volume was 0.1 times its average, well below normal.
Delivery in the last 5 sessions: 88.9% · 100.0% · 100.0% · 100.0% · 100.0%
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
Proventus Agrocom Limited has scheduled an in-person physical factory visit at its Surat Plant on Thursday, October 08, 2026. The participants include MS Capital Fund (India Focused Investment Fund) and individual investor Mr. Nitin Rao (Alpha Ideas). The company confirmed that no unpublished price-sensitive information will be discussed and no investor presentation will be made. The Surat plant is a focal point of the company's planned capacity expansion from 1.5 lakh to 4 lakh pouches per day.
- Physical factory visit scheduled for Thursday, October 08, 2026
- Venue confirmed as the Factory - Surat Plant
- Interacting with 2 participants: MS Capital Fund and individual investor Nitin Rao (Alpha Ideas)
- No investor presentation to be made, and discussions limited to public domain information
Proventus Agrocom concluded its 11th Annual General Meeting on September 24, 2026, passing all four proposed ordinary resolutions with 100% of votes cast in favour. Shareholders approved the FY26 audited standalone and consolidated financial statements and the reappointment of director Deepak Kumar Agarwal. Additionally, M/s. Chechani Soni and Co. was appointed as Statutory Auditors, and material related-party transactions with Prov Foods Private Limited were approved (with interested promoters abstaining).
- All 4 ordinary resolutions were approved with 100% of polled votes in favour.
- A total of 21,56,560 votes (62.45% of total 34,53,416 shares) were polled for standard ordinary resolutions.
- Promoters abstained from Resolution 4 (material related-party transactions with Prov Foods Private Limited), where 19,085 public non-institutional votes were cast 100% in favour.
- Shareholder base stood at 637 on the record date of September 17, 2026, with 17 shareholders attending via VC.
Proventus Agrocom concluded its 11th Annual General Meeting on September 24, 2026, passing all four proposed ordinary resolutions with 100% of votes cast in favour. Shareholders approved the FY26 audited standalone and consolidated financial statements and the reappointment of director Deepak Kumar Agarwal. Additionally, M/s. Chechani Soni and Co. was appointed as Statutory Auditors, and material related-party transactions with Prov Foods Private Limited were approved (with interested promoters abstaining).
- All 4 ordinary resolutions were approved with 100% of polled votes in favour.
- A total of 21,56,560 votes (62.45% of total 34,53,416 shares) were polled for standard ordinary resolutions.
- Promoters abstained from Resolution 4 (material related-party transactions with Prov Foods Private Limited), where 19,085 public non-institutional votes were cast 100% in favour.
- Shareholder base stood at 637 on the record date of September 17, 2026, with 17 shareholders attending via VC.
Proventus Agrocom Limited has issued a physical intimation under SEBI Listing Regulation 36(1)(b) to shareholders without registered email addresses, providing web-links to its FY 2025-26 Annual Report and 11th AGM Notice. The 11th Annual General Meeting is scheduled for September 24, 2026, at 12:00 PM IST via Video Conferencing. The cut-off date to determine e-voting eligibility has been fixed as September 17, 2026, with the remote e-voting period spanning September 21 to September 23, 2026.
- 11th AGM scheduled for September 24, 2026, at 12:00 PM IST via VC/OAVM
- Cut-off date for remote e-voting eligibility set for September 17, 2026
- Remote e-voting window opens September 21, 2026 (9:00 AM) and closes September 23, 2026 (5:00 AM)
- Dispatched compliance letter under SEBI Regulation 36(1)(b) with direct weblinks to FY26 Annual Report
Proventus Agrocom Limited has issued the notice for its 11th Annual General Meeting (AGM) scheduled for September 24, 2026. Key agenda items include the adoption of FY26 financial statements, the appointment of M/s. Chechani Soni and Co. as Statutory Auditors for a 2-year term, and the re-appointment of Whole-Time Director Mr. Deepak Kumar Agarwal. Additionally, shareholder approval is sought for material Related Party Transactions (RPT) with 98.75% subsidiary Prov Foods Private Limited for up to ₹67,750 Lakhs (₹677.5 Cr), representing ~45.0% of TTM revenue (₹1,506 Cr).
- 11th AGM scheduled for September 24, 2026, via Video Conferencing with e-voting from September 21 to September 23, 2026.
- Proposed approval for material RPT with 98.75% subsidiary Prov Foods Private Limited up to ₹67,750 Lakhs (₹677.5 Cr).
- Appointment of M/s. Chechani Soni and Co. as Statutory Auditors for 2 consecutive years up to the 2028 AGM.
- Re-appointment of Whole-Time Director Mr. Deepak Kumar Agarwal with remuneration capped at ₹1.5 Cr per annum.
Proventus Agrocom Limited announced that its Board of Directors approved the re-appointment of M. Siroya & Company as Secretarial Auditor for FY 2026-27. Additionally, the Board approved the re-appointment of Chechani Soni and Co., Chartered Accountants, as Statutory Auditors for a 2-year term spanning from the 11th AGM (September 24, 2026) to the 13th AGM in 2028. The statutory auditor appointment remains subject to shareholder approval at the upcoming AGM.
- M. Siroya & Company re-appointed as Secretarial Auditor for FY 2026-27
- Chechani Soni and Co. re-appointed as Statutory Auditors for a 2-year term (11th AGM to 13th AGM)
- Shareholder approval scheduled for the 11th AGM on September 24, 2026
Proventus Agrocom Limited announced the outcome of its Board meeting held on August 27, 2026. The Board approved the Annual Report for FY26 and scheduled its 11th Annual General Meeting for September 24, 2026, via video conferencing. Additionally, the Board approved the re-appointment of M/s Chechani Soni and Co. as Statutory Auditors for a 2-year term (FY26 AGM to FY28 AGM), subject to shareholder approval, and M Siroya & Company as Secretarial Auditor for FY 2026-27.
- 11th Annual General Meeting scheduled for September 24, 2026 at 12:00 PM IST via VC/OAVM
- M/s Chechani Soni and Co. proposed for re-appointment as Statutory Auditors for a 2-year term until the 13th AGM in 2028
- M Siroya & Company re-appointed as Secretarial Auditor for FY 2026-27
- Approved Board's Report and Management Discussion and Analysis for the year ended March 31, 2026
Proventus Agrocom has approved the convening of its 11th Annual General Meeting (AGM) on September 24, 2026, via video conferencing. The Board has recommended the re-appointment of M/s Chechani Soni and Co. as Statutory Auditors for a 2-year term from the 11th AGM (2026) to the 13th AGM (2028), subject to shareholder approval. Additionally, M Siroya & Company has been re-appointed as Secretarial Auditor for FY 2026-27. The Board also approved the Annual Report and Management Discussion and Analysis for FY26.
- 11th Annual General Meeting scheduled for Thursday, September 24, 2026 at 12:00 PM via Video Conferencing
- M/s Chechani Soni and Co. proposed for re-appointment as Statutory Auditors for a 2-year tenure (2026-2028)
- M Siroya & Company re-appointed as Secretarial Auditor for FY 2026-27
- Board approved the FY26 Board's Report and Management Discussion and Analysis
Proventus Agrocom has announced the outcome of its Board meeting held on August 27, 2026. The Board approved the 11th Annual General Meeting (AGM) date, scheduled for September 24, 2026 via Video Conferencing. Additionally, the Board recommended the re-appointment of M/s Chechani Soni and Co. as Statutory Auditors for a 2-year term (2026-2028) and M Siroya & Company as Secretarial Auditor for FY 2026-27. The Board's Report and MD&A for FY26 were also approved.
- 11th AGM scheduled for Thursday, September 24, 2026 at 12:00 PM via VC/OAVM
- M/s Chechani Soni and Co. recommended for re-appointment as Statutory Auditors for a 2-year term up to 2028
- M Siroya & Company re-appointed as Secretarial Auditor for FY 2026-27
- Approved Board's Report and Management Discussion and Analysis Report for FY ended March 31, 2026
Financial Performance
Revenue Growth by Segment
ProV brand revenue grew 37% YoY, increasing from INR 303 Cr to INR 417 Cr in FY25. Consolidated revenue reached INR 584 Cr. The company targets a 35% to 40% revenue growth for FY26.
Geographic Revenue Split
Not disclosed in available documents, though the company mentions expanding to 15,000+ retail outlets across India and adding new markets to achieve national reach.
Profitability Margins
Gross margins improved from 17.6% to 19.8% in FY25. The company is targeting a 3% expansion to reach 23% in FY26, driven by premiumization and value-added products. PAT stood at INR 7.4 Cr in FY25, up marginally from INR 7.2 Cr (2.7% growth).
EBITDA Margin
FY25 EBITDA was INR 12.9 Cr, representing 8% YoY growth. EBITDA margins were pressured by a 100% increase (doubling) in marketing investments for brand building, though improvement is expected in FY26 due to gross margin expansion and operational leveraging of the Surat facility.
Capital Expenditure
The company is investing in a new Surat facility to be operational by the end of FY26. While the specific INR Cr value is not disclosed, the project aims to increase packaging capacity by 166% (from 1.5 lakh to 4 lakh pouches per day).
Operational Drivers
Raw Materials
Specific raw materials include dried fruits, nuts, seeds, and berries. The exact percentage of total cost for each is not disclosed, but they form the core of the product portfolio.
Capacity Expansion
Current installed capacity is 1.5 lakh pouches per day. Planned expansion to 4 lakh pouches per day (a 166% increase) via the Surat facility is expected to be completed by the end of FY26.
Raw Material Costs
Increasing cost of products is cited as a pressure point on profit margins. The company uses a value-chain integration strategy from sourcing to distribution to manage these costs.
Manufacturing Efficiency
The company is moving toward full automation and integration at the upcoming Surat facility to improve productivity and scale packaging capacity to 4 lakh pouches per day.
Logistics & Distribution
The company operates an omni-channel distribution network covering General Trade (GT), Modern Trade (MT), E-commerce, and Q-commerce, reaching 15,000+ retail outlets.
Strategic Growth
Expected Growth Rate
35-40%
Growth Strategy
The company aims to reach INR 1,000 Cr brand revenue by FY28 (35-36% CAGR) by expanding its footprint to new markets, leveraging an omni-channel mix (MT, GT, E-com, Q-commerce), and launching high-yielding value-added products. The Surat facility will provide the necessary 166% capacity increase to support this scale.
Products & Services
Dried fruits, nuts, seeds, berries, nutritious snacks, and premium gift boxes (e.g., 1.25 lakh gift boxes sold during Diwali).
Brand Portfolio
ProV
New Products/Services
New launches include super premium festive boxes, jumbo packs, and value packs across 7 verticals from everyday to luxury. Gifting and value-added products are expected to drive a 3% gross margin expansion.
Market Expansion
Expansion to 15,000+ retail outlets and a focus on across-country distribution channels to achieve national penetration.
Strategic Alliances
The company has significant related-party transactions with its subsidiary, Prov Foods Private Limited (PFPL), totaling INR 400 Cr p.a.
External Factors
Industry Trends
The industry is shifting toward health-focused foods and premiumization. Proventus is positioning itself as a 'one-stop solution' for health snacks, leveraging market tailwinds in the dry fruit and nut segment which has allowed them to grow 6x in the last 3 years.
Competitive Landscape
Faces stiff competition from players like Farmley (which recently raised capital at a INR 1,000 Cr valuation). Proventus focuses on higher brand sales and omni-channel presence to compete.
Competitive Moat
The company's moat is built on brand trust, an integrated value chain (sourcing to distribution), and a wide product range (7 verticals). Sustainability is driven by a 97% OTIF supply chain score and a massive distribution reach of 15,000+ outlets.
Consumer Behavior
Increasing consumer preference for holistic health foods and premium gifting options, evidenced by the sale of 1.25 lakh gift boxes during the festive season.
Regulatory & Governance
Industry Regulations
The company must comply with Section 133 of the Companies Act, 2013 and Indian GAAP. As an SME-listed entity, Ind AS is not currently applicable. Regulation 23 of SEBI LODR regarding Material Related Party Transactions became applicable from April 1, 2025, due to net worth exceeding INR 25 Cr.
Risk Analysis
Key Uncertainties
Key risks include talent retention, inventory management at scale, and the ability to maintain profitability while doubling marketing investments. Profit margins are currently 'inadequate' per Companies Act provisions due to the high-growth phase.
Third Party Dependencies
High dependency on subsidiary Prov Foods Private Limited (PFPL), with related party transactions of INR 400 Cr representing 68.78% of consolidated turnover.
Technology Obsolescence Risk
The company is mitigating tech risks by upgrading IT systems for cash flow management, logistics, and data analytics to future-proof operations.
