Krishival Foods Limited · NSE:KRISHIVAL
Krishival Foods — Q2 FY27 Earnings Presentation
40 slides from Krishival Foods's earnings presentation, Nov 4, 2026
Slide 1: Krishival Foods Limited – Regulation 30 Disclosure Letter
KRISHIVAL FOODS LIMITED CIN No. L74120MH2014PLC254748 Registered Office: 1309, Lodha Supremus Saki Vihar road, opp. MTNL Office, Powai, Mumbai-400072. Tel no.: 8779558264, Website: www.krishival.com, Email: cs@krishival.com November 4, 2026 To, National Stock Exchange of India Limited BSE Limited Ex
Slide 2: Investor Presentation – Q2 & H1 FY27
IN V E S T OR P R E S E N T A T ION – Q2 & H1 FY27
Slide 3: Disclaimer
Disclaimer This document has been prepared for information purposes only and is not an offer or invitation or recommendation to buy or sell any securities of Krishival Foods Ltd (“Krishival”, "Company“), nor shall part, or all, of this document form the basis of, or be relied on in connection with,
Slide 4: Company Overview
Company Overview 3
Slide 5: Krishival Foods Limited at a Glance
Krishival Foods Limited at a Glance Experience– Over 12 Customer Retention– 80%+ years in the industry Distributor Retention–95% FY26 Financial Highlights- Krishival Foods Limited ₹292 Cr Revenue (+45% YoY), (NSE: KRISHIVAL, BSE 544416 ), Team Size – 200+ ₹39 Cr EBITDA (+55% YoY), incorporated in 20
Slide 6: Our Journey
Our Journey • Incorporated as Conversion Ventured in ice- Completed ₹1 a private limited of Company cream segment billion Rights company from private through Issue; initiated limited to subsidiary Melt N capacity FY • Set up of FY FY FY 2021 public limited Mellow Foods 2026 expansion and 2014 proces
Slide 7: Experienced & Professional Management
Experienced & Professional Management Sujit Bangar Aparna Bangar Nana Mhaske Abhishek Puranik Vivek Kumar Jain Chairman, Managing Director CEO – Krishival Nuts CEO – Melt N Mellow CBO – Krishival Foods Whole-Time Director Executive Director • Former IRS officer • Managing Director • Co-founder and C
Slide 8: Geographical Footprint
Geographical Footprint 11,000+ 35,000+ Retail touch points Retail touch points for Nuts & Dry Fruits for Ice Cream Madhya 18,750+ Pradesh Deep Freezer Network Maharashtra Singapore Goa Telangana Hyderabad 300+ Andhra Towns & Places Pradesh Key Markets Karnataka Manufacturing Tamil Nadu Facilities 30
Slide 9: Financial Performance
Financial Performance 8
Slide 10: Management Comment
Management Comment We are pleased to report a strong Q2 FY27 performance, with consolidated EBITDA growing 64% year-on-year, ahead of revenue growth of 28%. EBITDA margin expanded to 16% from 12% in the corresponding quarter last year, reflecting operating leverage and improving profitability. H1 FY
Slide 11: Quarterly Performance
Quarterly Performance Continued focus on operational excellence, market expansion, and sustainable business growth. (₹ crores) Revenue from Operations EBITDA & EBITDA Margin* Net Profit & Net Profit Margin 89 17% 9% 86 8% 14% 15 67 13% 6% 7 12 10 6 6 Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 Q
Slide 12: Q2 FY27 Segment Performance
Q2 FY27 Segment Performance Strong growth led by scale, profitability and category leadership Revenue 74% ₹63.16 26% ₹22.50 (₹ in Cr) 74% of Total Revenue 26% of Total Revenue EBITDA 75% ₹10.44 25% ₹3.53 (₹ in Cr) 75% of Total EBITDA 25% of Total EBITDA EBITDA Margin 17.00% 16.00% Strong & Consisten
Slide 13: Quarterly Highlights
Quarterly Highlights 18,750+ Deep Entered 1st Mellow & 205+ Strengthened Freezers* Tamil Nadu Co. outlet Distributors Leadership +1,472 added in Q2FY27 CNF locations Apte Road, Deccan, Vivek Kumar Jain 85 added in Q2FY27 appointed CBO Shivaji Nagar, Pune Strengthening last-mile reach Vellore, Hosur,
Slide 14: Consolidated Quarterly Income Statement
Consolidated Quarterly Income Statement Particulars (₹ crores) Q2 FY27 Q2 FY26 YoY Growth Revenue from Operations 85.66 66.67 +28% Other Income 2.97 2.23 Total Income 88.63 68.90 +29% Cost of Material Consumed 103.03 53.79 Changes in inventories of Finished Goods -47.44 -6.45 Employee Benefits Expen
Slide 15: Consolidated Half Yearly Income Statement
Consolidated Half Yearly Income Statement Particulars (₹ crores) H1 FY27 H1 FY26 YoY Growth Revenue from Operations 174.62 116.19 +50% Other Income 4.05 4.52 Total Income 178.67 120.71 +48% Cost of Material Consumed 122.72 89.93 Changes in inventories of Finished Goods -11.76 -10.91 Employee Benefit
Slide 16: Consolidated Half Yearly Balance Sheet
Consolidated Half Yearly Balance Sheet Particulars (₹ crores) H1 FY27 FY 26 Particulars (₹ crores) H1 FY27 FY 26 Non-current Assets Equity Share capital 25.26 23.46 Property, Plant & Equipment 51.60 52.52 Intangible Assets 1.95 0.75 Other Equity 232.13 169.14 Right of Use of assets 6.62 1.72 Non Con
Slide 17: Business Overview
Business Overview 16
Slide 18: Segment Overview: Dual Engine FMCG Platform
Segment Overview Dual Engine FMCG platform Krishival Nuts: Premium dry fruits & nuts – direct farm Melt N Mellow: Youthful, indulgent ice cream – sourcing, modern processing, trusted domestic and global brand. crafted with real ingredients, aspirational flavors. Offers a diverse product range includ
Slide 19: Farm Fresh to Flavorful: Our Dry Fruit Spectrum
Farm Fresh to Flavorful: Our Dry Fruit Spectrum Major differentiated products Total business ● Flavoured Cashews (Salted, Pepper, Chilli) 55 % 45 % 73 + SKUs ● Flavoured Almond (Salted) ● Flavoured Pistachios (Roasted and Salted) B2B B2C ● Flavoured Makhana (Salted, Cheese, Peri Peri) ● Kaju Katli (
Slide 20: Global Sourcing Edge and Expansion
Global Sourcing E d g e and Expansion Integrated Nut Processing Advantage: Scale, Global Sourcing, and Quality Assurance Direct procurement from 9 countries: India, Ghana, USA, Guinea-Bissau, Cambodia, Indonesia, Benin, Ivory Coast, Tanzania. Diversified origins to mitigate price volatility and supp
Slide 21: Operational Strength Infrastructure – Nuts and Dry Fruits
Operational Strength Infrastructure – Nuts and Dry fruits World-class nuts processing capacity with expansion underway Situated: • Factory Unit -1: Halkarni, Kolhapur • Factory Unit -2: Shinoli, Kolhapur Proximity: The locations lie within ~5–10 km of each other—reducing logistics time/cost. 20
Slide 22: Krishival Nuts – ₹20 MRP on-the-go range
Krishival Nuts – ₹20 MRP on-the-go range Expanding impulse consumption Trail Mix Seed Mix Salted Premium Roasted & Raw & Natural Assorted Cashews Cashews Salted Almonds Almonds Mix Impulse-ready format On-the-go occasions Compact, single-serve pouches Convenient snacking for travel, designed to be p
Slide 23: India's Nuts & Dry Fruits: Branded Value-Addition Opportunity
India's Nuts & Dry Fruits: Branded Value-Addition Opportunity Rising demand, premiumisation and the shift towards branded, value-added products are driving growth opportunities for domestic processors. ₹67,000 Cr ₹9,000 Cr ~10% ₹1.17 L Cr Indian Dry Fruits Market (2025) Branded Dry Fruits Market (20
Slide 24: Our Farm to Freezer: Our Product Spectrum
Our Farm to Freezer: Our Product Spectrum 18,750+ 205+ 13+ Major Differentiated Deep freezers Distributors Company Depot across retail Count Products touchpoints • Ice cream cones (12 different flavours) • Kulfi ( 6 different flavours) • Choco bar ( 6 different flavours) • Creamy bliss tubs (12 diff
Slide 25: Melt n Mellow – What's New in the Freezer
Melt n Mellow – What's New in the Freezer Six differentiated formats– anchored on indulgence and everyday consumption Novelties Cakes Charms 6 SKUs · 60ml – 150ml 6 SKUs · 500ml – 1000ml 4 SKUs · 15ml – 30ml Classic & Pineapple Golden Fantasy, Black Lychee, Red Velvet, Choco Cassata; Vanilla, Chocol
Slide 26: Integrated Manufacturing Excellence - Ice Cream, Dairy & Bakery
Integrated Manufacturing Excellence - Ice Cream, Dairy & Bakery State-of-the-art facility, driving multi-category growth Situated: Aurangabad (Sambhaji Nagar) Production Capacity: Ice cream 1 lakh liters/day Milk products 20MT/day Bakery 10 MT/day Automation & Technology: Automated extrusion and sti
Slide 27: Melt n Mellow – Redefining Growth
Melt n Mellow – Redefining Growth Scaling Distribution Expanding Markets & Formats Building the Next Growth Engine • 18,750+ deep freezers across retail touchpoints, with • Entered Tamil Nadu through 5 CNF locations covering • First “Mellow & Co” FOCO store expected soon, 1,472 freezers added in Q2
Slide 28: Melt N Mellow Achieved EBITDA Profitability in FY26
Melt n Mellow Achieved EBITDA Profitability in FY26 turning green ahead of the plan FY25 FY26 Turned EBITDA Positive Ahead of Target Achieved EBITDA profitability in FY26, one year ahead of management's original target, demonstrating disciplined execution and a scalable business model Scaling While
Slide 29: India's Ice Cream Industry: Evolving Beyond Summer
India's Ice Cream Industry: Evolving Beyond Summer From a summer treat to an everyday, premium, dairy-based indulgence 4x Growth ₹45,000 Cr ₹90,000 Cr+ Of ice cream consumption over the past decade* Expected market size by 2028* Projected market size within ~8 years* Six shifts shaping the industry
Slide 30: Distribution & Partnership
Distribution & Partnership Omnichannel presence with deep Tier II/III penetration and growing export footprint B2B partnerships for Nuts Business Modern Trade Key Online Channel Partners 29
Slide 31: Strategic Advantages & Key Strengths
Strategic Advantages & Key Strengths Driving growth through integration, innovation, and brand-led diversification Smart Automation for Category Synergy Efficiency and Product Fueling Profitable Expansion Robust Financial Foundation Consistency Fully Integrated, Innovation- with Sustainable Growth D
Slide 32: Way Ahead
Way Ahead 31
Slide 33: Building the Next Phase of Growth (1/2)
Building the Next Phase of Growth (1/2) Dual-engine FMCG model — Krishival Nuts (cash generator) + Melt N Mellow (high-growth engine) Consolidated Revenue (₹ Cr) KEY TARGET MILESTONES 1,500 50% Sales & 50% PAT Growth Deep freezer network targeted at 26,200+ FY27 Ice Cream → ~50-55% of Topline From 3
Slide 34: Building the Next Phase of Growth (2/2)
Building the Next Phase of Growth (2/2) Freezer-led cold-chain scale-up underpins both engines' path to full capacity utilisation. Deep Freezer Network — Last-Mile Reach Nuts & Dry Fruits 35,000 KRISHIVAL NUTS 26,500 Now 15,490 March FY26: Commissioned 10 MT/day finished nuts capacity. Phase 1 (May
Slide 35: Way Forward
Way Forward Growth Strategy Diversification & Expansion Innovation & Sustainability • Expand pan-India distribution with deeper • Scale Melt N Mellow through wider • Strengthen the integrated sourcing and penetration in Tier II, III & IV markets distribution, higher freezer penetration and procureme
Slide 36: Historical Annual Performance
Historical Annual Performance 35
Slide 37: Financial Performance
Financial Performance Strong financial momentum driven by operational excellence and brand-led growth (₹ crores) Total Income EBITDA & EBITDA Margin Strong Revenue Momentum 42 • Revenue increased from ₹70 Cr in FY23 to ₹293 Cr in 293 16.46% FY26 14.75% 12.48% • Over 4x growth in topline driven by sc
Slide 38: Consolidated Annual Income Statement
Consolidated Annual Income Statement Particulars (₹ crores) 2025-26 2024-25 YoY Growth Revenue from Operations 292.67 202.23 +45% Other Income 11.73 4.07 Total Income 304.41 206.31 +48% Cost of Material Consumed 208.01 139.00 Changes in inventories of Finished Goods -4.20 2.39 Employee Benefits Expe
Slide 39: Consolidated Annual Balance Sheet
Consolidated Annual Balance Sheet Particulars (₹ crores) 31st Mar’ 26 31st Mar’25 Particulars (₹ crores) 31st Mar’ 26 31st Mar’25 Non-current Assets Equity Share capital 23.46 22.29 Property, Plant & Equipment 52.52 33.35 Other Equity 169.14 112.80 Intangible Assets 0.75 0.83 Non Controlling Interes
Slide 40: Thank You
Thank You Krishival Foods Limited Adfactors PR 1309, Lodha Supremus, Saki-Vihar road, Mamta Samat Powai, Andheri East, Mumbai 400072 mamta.samat@adfactorspr.com Email: investor@krishival.com Wamika Arora wamika.arora@adfactorspr.com Tejaswee Gaonkar tejaswee.gaonkar@adfactorspr.com 39