Foods & Inns Ltd. · NSE:FOODSIN
Foods & Inns — Q2 FY25 Earnings Presentation
30 slides from Foods & Inns's earnings presentation, November 2024
Slide 1: Investor Presentation – November’24
Investor Presentation – November’24
Slide 2: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Foods & Inns (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and s
Slide 3: Table Of Content
Table Of Content 01 Q2 & H1FY25 Highlights 02 Business Verticals 03 Company Overview Foods & Inns | Q2FY25 Presentation 3
Slide 4: Q2 & H1FY25 Highlights
Q2 & H1FY25 Highlights
Slide 5: Q2 & H1FY25 Snapshot
Q2 & H1FY25 Snapshot Sales Tonnage (MT) Total Income* (Rs Cr) 48,858 43,647 • In Q2FY25 there was an impact 21,710 527 of extended and unseasonal 16,494 73% 422 76% rains across various geographies 64% 237 63% 171 in India resulting in slow call offs 36% 37% 27% 24% which had its impact on Q2FY24 Q2
Slide 6: Q2FY25 Business Verticals Updates
Q2FY25 Business Verticals Updates ❖ Fruit & Vegetable Pulps: • With a good monsoon, we expect the other crops like tomato, guava, papaya and vegetables to do well. We have more than doubled our Tomato Processing capacity and expect to do well in the Tomato business. ❖ Spray Dried Powders • The expan
Slide 7: Marketing Initiatives & Exhibitions
Marketing Initiatives & Exhibitions SIAL, Paris World Food India Valsad Plant – World Food India Mumbai Navi Mumbai Khandwa Madhya Pradesh (Inauguration Day) Foods & Inns | Q2FY25 Presentation 7
Slide 8: Q2FY25 Profit & Loss
Q2FY25 Profit & Loss Consolidated (Rs Cr) Q2FY25 Q2FY24 YoY Q1FY25 QoQ H1FY25 H1FY24 YoY Revenue from Operations 169 237 247 416 525 Other Income 2 0 4 6 2 Total Income 171 237 -28% 251 -32% 422 527 -20% Raw Material Costs 100 161 154 254 361 Gross Margin (%) 41.6% 31.9% 38.6% 39.8% 31.5% Employee E
Slide 9: Annual Profit & Loss
Annual Profit & Loss Consolidated (Rs Cr) FY21 FY22 FY23 FY24 3 YR CAGR (%) Revenue from Operations 371 632 996 1,020 Other Income 11 6 6 7 Total Income 381 639 1,002 1,027 39% Raw Material Costs 227 481 791 757 Changes in inventories 16 -69 -90 -46 Purchases of Stock-in-Trade 1 0 0 0 Employee Expen
Slide 10: Balance Sheet Highlights
Balance Sheet Highlights Liabilities (Rs Cr) Mar-21 Mar-22 Mar-23 Mar-24 Sep-24 Assets (Rs Cr) Mar-21 Mar-22 Mar-23 Mar-24 Sep-24 Total Equity 182 197 312 399 514 Non-Current Assets 160 211 256 308 344 Share Capital 5 5 5 6 7 Plant, Property & 113 111 156 232 241 Other Equity 177 192 307 393 506 Equ
Slide 11: Key Focus Area For Growth
Key Focus Area For Growth Restructured Pulping theorem Market Expansion Sustainability Brand Portfolio • Continued focus on • Focus on growing brand • Continuously adding • The Pectin Project: Invested capitalizing on the sales in each of the newer geographies, newer and set up a JV to convert fruit
Slide 12: Foods & Inns Positioning in its Business Segment (1/2)
Foods & Inns Positioning in its Business Segment (1/2) Global Industry India’s Share in F&I’s Share in F&I’s Sales Tailwinds Size Global Industry Global Industry in FY24 Use cases increasing with Value 5,08,000 MT Mango Pulping 79-80% ~15% ~Rs 734 Cr Added products being developed by (Rs 5,250 Cr) B
Slide 13: Foods & Inns Positioning in its Business Segment (2/2)
Foods & Inns Positioning in its Business Segment (2/2) Industry Size (India) F&I’s Sales in FY24 Tailwinds $83.9 Bn by 2032 Opportunity for India due to the energy Spray Drying ~ Rs 17 Cr Projected to expand at a CAGR of 4.25% from crisis in Europe 2024 to 2032. (Global market) Increasing number of
Slide 14: Business Verticals
Business Verticals
Slide 15: Fruits And Vegetable Pulping
Fruits And Vegetable Pulping Mango Pulp: A well-established business which involves processing a wide variety of mangoes like Alphonso, Kesar, Totapuri, etc. Strong relationships with farmers help us in smooth procurement. Healthy and long-standing relationships with Marquee Customers like Coca-Cola
Slide 16: Spray Drying
Spray Drying Food Preservation Technique: Product List / Categories Converts fruits & vegetables from Liquid form to high-quality Powder form, having low moisture content. It is majorly a B2B product. Vegetable Powders Fruit Powders Natural Color Advantage: Enhances shelf-life to ~24 months and allo
Slide 17: Frozen Food
Frozen Food Our Offerings: Product List / Categories Wide range of premium frozen fruits, vegetables, snacks, and flatbreads made with high-quality, contract-grown ingredients that are frozen using advanced IQF technology. We cater to global brands and large-format modern retail through private labe
Slide 18: Spices & Masala
Spices & Masala Kusum Spices: Product List / Categories In FY19, we acquired Kusum Spices to gain a foothold in India’s large and growing Spices Market. Company has a legacy of over 50 yrs of selling GROUND WHOLE Indian Spices in domestic & export of USFDA approved products to 12 countries including
Slide 19: Pectin
Pectin Pectin Project: Sustainable Waste Management: ▪ We have set up a Pectin manufacturing facility in Chittoor, Andhra Pradesh, which is the largest Mango Pulping belt in India. ▪ The lab test results of the Pectin produced by our Company has already been approved by some large MNCs and Indian co
Slide 20: Tetra Recart
Tetra Recart Tetra Recart: Reimagining Packaging ▪ Tetra Recart is a sustainable carton packaging offering and an alternative to canning. It is environment-friendly and helps maximize the products’ potential while generating new business opportunities. Tetra Recart has lower carbon emissions than st
Slide 21: Company Overview
Company Overview
Slide 22: Foods & Inns at a Glance
Foods & Inns at a Glance Sales Mix (FY24) 50+ Years of Rich Experience & Expertise 15% 50+ Countries 3% Served Mango Pulp 6% Tomato Pulp 30+ Variety of Products Guava Pulp Processed Other Verticals 76% 7 Processing Units & Two Logistics Centers 500+ Full-time Employees Strength Foods & Inns | Q2FY25
Slide 23: Our Growth Story
Our Growth Story 1980 2000 2019 2023 First company to Acquisition of branded Commissioned new Tetra Recart Acquisition of fruit introduce mono block spice company Kusum facility at Gujarat. canning line in Valsad, PLC and multi-tube Masala, foray into B2C Doubled Spray Drying facility in Gujarat fro
Slide 24: State-of-the-Art Self Owned Facilities
7 State-of-the-Art Self Owned Facilities State Location Product Line Capacity (MT/Hr) Aseptic 13* Spray Drying 0.25 Nashik - Spice Plant Gonde* Blending 1.5 Grinding 1 ETO 0.5 1. Maharashtra Frozen Vegetables 0.7 Frozen Snacks 0.5 Nashik - Frozen Bread 0.25 Sinnar Frozen Puree 2 Puff Pastry Sheets 0
Slide 25: Quality Control Certifications And Processes Act As Entry Barriers
Quality Control Certifications And Processes Act As Entry Barriers Foods & Inns | Q2FY25 Presentation 25
Slide 26: Marquee Customers and Well-Diversified Market Presence
Marquee Customers and Well-Diversified Market Presence Market-Wise Revenue share in FY24 0.5% 0.4% 0.2% 1.2% 1.7% 5.6% 6.8% US 5.6% Canada UK Europe 10.5% Middle East India 3.5% China Rest of Asia New Zeland Russia 64.1% Australia Foods & Inns | Q2FY25 Presentation 26
Slide 27: Experience Management With Oversight By Strong Board
Experience Management With Oversight By Strong Board Mr. Bhupendra Dalal Chairman & Non-Executive, Non-Independent Director Holds a degree of B.Com & L.L.B. worked towards acquisition of fruit canning plan at Valsad built by Coca-Cola Corporation. F&I changed its course to become a major force in fr
Slide 28: Sustainability Agricultural Initiative
Sustainability Agricultural Initiative Sustainable agriculture entails environmental protection, responsible farm management and human and workplace rights. We have run programs with the IDH (Sustainable Trade Initiative) of the Netherlands to help smallholder mango farmers produce more sustainably
Slide 29: Share Price Information
Share Price Information Capital Market Information (as of 04-Nov-24) Shareholding Pattern (as on Sept-24) BSE/NSE Code 507552 | INE976E01023 Non institutions Promoters 73.04% 25.47% CMP (Rs) 128 Market Cap (Rs Cr) 934 Shares (#) 7,31,18,534 Face Value (Rs) 1.00 Institutions 1.49% Foods & Inns | Q2FY
Slide 30: Let’s Connect
Let’s Connect Mr Anand Krishnan Chief Financial Officer Foods & Inns Ltd. Phone: +91 22 22613102 anand@foodsandinns.com Pooja Sharma / Suyash Samant Stellar IR Advisors Pvt. Ltd. Phone: +91 22 62398024 pooja.sharma@stellar-ir.com suyash@stellar-ir.com Foods & Inns | Q2FY25 Presentation 30