Adf Foods Limited · NSE:ADFFOODS
Adf Foods — Q1 FY2027 Earnings Presentation
50 slides from Adf Foods's earnings presentation, Jul 29, 2026
Slide 1: Exchange filing cover letter
29th July, 2026 National Stock Exchange of India Limited, BSE Limited, Exchange Plaza, Department of Corporate Services, Bandra Kurla Complex, Phiroze Jeejeebhoy Towers, Bandra (East), Dalal Street, Mumbai - 400 051. Mumbai - 400 001. Symbol: ADFFOODS Scrip Code: 519183 Sub: Investor Presentation of
Slide 2: ADF Foods Limited Investor Presentation Q1FY27
ADF Foods Limited Investor Presentation Q1FY27 July 2026 1
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by ADF FOODS LTD (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
Slide 4: Contents
Contents 01 Company Overview 02 Business Overview 03 Growth Strategy & Drivers • 5 Brands, 5 Stories • Strong Marketing & Distribution • Manufacturing Excellence • Strategic Innovation • People & Capabilities 04 ESG & CSR 05 Annual Performance Highlights
Slide 5: Company Overview
ADE AW ee Company Overview
Slide 6: ADF Snapshot
ADF Snapshot Leading Manufacturer of Cutting-edge Manufacturing A Culinary Powerhouse Prepared Ethnic Food & Extensive Distribution with Diverse Products 9-decade Vintage with origins dating back to 1932 Leading Manufacturer & Supplier of prepared Cutting-edge ethnic food, specializing in Frozen Foo
Slide 7: Our Legacy
Our Legacy 2016 2023 Truly Indian brand Expanded launched in Germany manufacturing 1996 mainstream market. capacity at the Moving towards Products included RTE Nadiad plant to ₹1,000 Crore Set up a new foods, chutneys and 1960 1992 meet rising Revenue manufacturing sauces global demand Listed on BSE
Slide 8: Business Overview
FOODS LTD. — Feeding the world. Business Overview
Slide 9: What's our Right to Win?
What’s our Right to Win? Building Scale, Profitability & Value Structural Category Scalable Growth Engines Capacity Expansion Tailwinds for Scale • Rising global demand for convenient, authentic • Ashoka anchors South Asian diaspora-led growth • Surat greenfield project (Phase 1) has begun RTE / RTC
Slide 10: Q1 FY27 Executive Summary
Q1 FY27 Executive Summary Macro • Robust performance despite geopolitical uncertainties, including the ongoing West Asia conflict Environment • Navigating supply-chain challenges and trade-route disruptions , including vessel shortage, elevated fuel & ocean freight rates Update • Ashoka continued to
Slide 11: Q1 FY27 Key Financial Update (Consolidated)
Q1 FY27 Key Financial Update (Consolidated) Strong Performance Driven by Expansion and Category-Led Growth INR 167.3 Crores INR 29.7 Crores INR 17.3 Crores Revenue from Operations EBITDA PAT 25.9% YoY 26.0% YoY 13.4% YoY • Delivered strong double-digit growth, driven by • EBITDA grew 26.0% YoY to IN
Slide 12: Q1 FY27 Key Financial Update (Standalone)
Q1 FY27 Key Financial Update (Standalone) Strong Revenue Momentum Backed by Execution and Cost Discipline INR 120.9 Crores INR 27.5 Crores INR 18.3 Crores Revenue from Operations EBITDA PAT 20.5% YoY 22.6% YoY 7.6% YoY • Delivered 20.5% YoY revenue growth despite • EBITDA grew 22.6% YoY to INR 27.5
Slide 13: Q1 FY27 Financial Performance
Q1 FY27 Financial Performance Consolidated Performance Revenue from Operations (INR Cr.) EBITDA (INR Cr.) & EBITDA Margin (%) PAT (INR Cr.) & PAT Margin (%) 17.7% 17.4% 17.7% 11.5% 13.2% 10.3% 25.9% YoY 26.0% YoY 13.4% YoY 25.9 196.7 34.3 167.3 29.7 17.3 132.9 23.5 15.2 Q1 FY26 Q4 FY26 Q1 FY27 Q1 FY
Slide 14: Segment Performance
Segment Performance Processed Foods Distribution Revenue from Operations (INR Cr.) Revenue from Operations (INR Cr.) 165.0 40.0 144.0 31.7 112.2 30.0 23.3 20.7 20.0 10.0 - Q1FY26 Q4FY26 Q1FY27 Q1FY26 Q4FY26 Q1FY27 EBITDA (INR Cr.) & EBITDA Margin (%) EBITDA (INR Cr.) & EBITDA Margin (%) 21.5% 25.8%
Slide 15: Business Segments
Business Segments Business comprises core manufacturing i.e., processed foods business and agency distribution business 2 Core Segments Processed Foods Distribution 15% One of the largest Indian exporters of processed foods Strong presence in US and UK • Agency distribution business for leading FMCG
Slide 16: Product Portfolio
Product Portfolio Key Products Ready-to-eat & Food Frozen Products Spices & Others Ready-to-cook Accompaniments • Snacks & Samosas • Curries – Regular & Vegan • Pickles • Spices • Indian Breads • Cooked Rice • Chutneys • Tamarind • Curries • Cooking & Condiment Pastes • Murabba • Indo Chinese Range
Slide 17: Growth Strategy and Drivers
FOODS LTD. Jeeding the ward, Growth Strategy and Drivers
Slide 18: Strategic Growth Pillars
Strategic Growth Pillars Pillar 1 5 Brands, 5 Stories 01 Pillar 2 02 Strong Marketing & Strengthened Distribution Aligning Brand Pillar 3 Strength with 03 Manufacturing Excellence Scalable Execution Pillar 4 04 Strategic Innovation 05 Pillar 5 People & Capabilities: Strengthened Teams 17
Slide 19: Key Growth Drivers
Key Growth Drivers Strong Momentum upwards of INR 900 crores revenue in FY27 Continuous & Strategic Brand Investments (INR crores) Strengthening market presence through deeper penetration and enhanced shelf space across all brands 900+ 683 Annual Growth Rate Growing Store Presence Strategic Expansio
Slide 20: 5 Brands, 5 Stories
FOODS LTD. Feeding te world, 5 Brands, 5 Stories
Slide 21: 5 Brands, 5 Stories
5 Brands, 5 Stories Bold Flavours Made with Traditional Recipes, using Authentic Ingredients Target: South Asian Diaspora USA, Canada, UK, Europe, APAC, Middle East Affordable Indian Kitchen Staples for Convenient, Ready-to-eat Solutions for Everyday Use Globally Curious Consumers Target: Budget con
Slide 22: Ashoka: ADF Foods' Flagship Brand
Ashoka: ADF Foods' Flagship Brand Target Audience Sales & Distribution Channels Born in 1980, Ashoka is ADF Foods' flagship brand catering to South Asian diaspora families and working professionals seeking convenient, Ashoka Brand Sales (INR Cr.) authentic Indian dishes 308 Product Features 254 267
Slide 23: Truly Indian: Unlocking Global Markets With Authentic Indian Flavours
Truly Indian: Unlocking Global Markets With Authentic Indian Flavours Bridging Cultures with Authentic Indian Taste Target Audience Presence Targeted at the global mainstream population, specifically non-Indian Strong presence across Germany, now growing strong in USA audiences seeking to try authen
Slide 24: Truly Indian… Award-Winning, Industry-Recognized
Truly Indian… Award-Winning, Industry-Recognized Say Hello to a Industry-Endorsed Recognition in USA WINNER! At the biggest award ceremony in the industry and out of 1000s of products, Truly Indian Tikka Masala Naan took home the NEXTY for Best Breads and Bakery Product, 1 of only 37 winners! AND fo
Slide 25: Truly Indian… Award-Winning, Industry-Recognized
Truly Indian… Award-Winning, Industry-Recognized Staple Award-Winning Heroes! National availability frozen and pantry must-haves! Simply Recipes The 2026 Freezies Awards AllRecipes Golden Cart Awards WINNER WINNER Tandoori Garlic Naan The Freezies Awards recognize the best frozen Best New Best produ
Slide 26: ADF Soul: Delicious, better-for-you packaged food products
ADF Soul: Delicious, “better-for-you” packaged food products For modern Indian urban consumers Target Audience Sales & Distribution Channels Urban audience, residing in metropolitan cities Own website: https://soul-foods.in/ Consumers seeking products that balance flavour, health, and convenience Le
Slide 27: Camel & Aeroplane: Our Other Esteemed Brands
Camel & Aeroplane: Our Other Esteemed Brands Delighting Arabic Offering Affordable Solutions to Consumers for 100+ years Budget Conscious Consumers Premium brand serving Tradition-Preserved Value for money brand targeted at quality - Recipes for Arab audiences Target Audience conscious expat consume
Slide 28: Strong Marketing & Strengthened Distribution
Strong Marketing & Strengthened Distribution
Slide 29: Ashoka: Marketing Initiatives
Ashoka: Marketing Initiatives Branding and on-ground activation of our flagship brand Ashoka 28
Slide 30: Ashoka: Marketing Initiatives
Ashoka: Marketing Initiatives Increased Presence on Social Media Presence on Digital Media 29
Slide 31: Truly Indian: Marketing Initiatives
Truly Indian: Marketing Initiatives Branding and on-ground activation for Truly Indian Major Retail Campaigns Trade Marketing & Industry Awards Costco TX Rotation, Whole Foods Market national endcap! Expo West, KeHE Summer Show, C.A. Build Meeting 30
Slide 32: Truly Indian: Marketing Initiatives
Truly Indian: Marketing Initiatives Online Platform Growth 31
Slide 33: Truly Indian: Marketing Initiatives
Truly Indian: Marketing Initiatives Digital Marketing Development Reaching shoppers through retail media, shoppable ads, and geo-targeted displays at point of purchase. Social Nature — Trial Program Consumer sampling program driving verified reviews 5,700+ 1,500+ 825 and brand awareness through targ
Slide 34: ADF Soul: Marketing Initiatives
ADF Soul: Marketing Initiatives Continued presence on Social Media WhatsApp / Email and Referral Marketing E-Commerce and Quick Commerce Marketing 33
Slide 35: ADF Soul's Presence in Modern Trade
ADF Soul’s Presence in Modern Trade Instore presence and Sampling activities 34
Slide 36: Manufacturing Excellence
SDE FOODS LTD. Feeding the world. Manufacturing Excellence
Slide 37: Manufacturing Facilities
Manufacturing Facilities Plant 1 Surat, Gujarat Plant 2 Nadiad, Gujarat Plant 3 Nashik, Maharashtra Surat • Total Built up area – ~14,300 Sq.mt. • Total Built up area - ~26,000 Sq.mt. • Total Built up area – ~12,000 Sq.mt. • Frozen foods (Snacks & Samosas, • Frozen foods (Snacks & Samosas, Indian •
Slide 38: Warehousing Facilities
Warehousing Facilities Cold storage facility in New Jersey, USA Warehousing and Distribution Facilities • Combined area of 100,000 sq. ft for warehousing and distributing operations shared among two warehouses in Atlanta and New Jersey (NJ) • Enhanced capabilities through the establishment of a new
Slide 39: Strategic Innovation
Strategic Innovation
Slide 40: Shaping Products and Processes for a Changing Market
Shaping Products and Processes for a Changing Market Driving innovation through practical solutions that balance consumer needs with scalability and quality. New Product Development Category Expansion Packaging Adaptation Launch of combo packs – Royal Introduction of health-forward Shelf-stable form
Slide 41: Built on Quality, Compliance & Trade Excellence
Built on Quality, Compliance & Trade Excellence Quality control certifications and processes ensure high standards and excellence in our industry AEO-T3 certification (Q1 FY27) ✓ Faster customs clearance ✓ Reduced inspections ✓ Improved export efficiency Achieved highest AEO-T3 certification, from C
Slide 42: People & Capabilities
FOODS LTD. Feeding the wartd, People & Capabilities
Slide 43: Governed by experienced Board Of Directors
Governed by experienced Board Of Directors Bimal Thakkar Pheroze Mistry M. M. Srivastava Ameet Hariani Chairman, Managing Independent Director Independent Director Independent Director Director and CEO • 40+ years of experience in • 40+ years of experience in business • A science graduate, master in
Slide 44: Organisation Chart
Organisation Chart CMD India Support Sales and Marketing Manufacturing operations Business Functions President Director Operations Business Head CFO 11 USA Business Country / Sales Managers Vice President Marketing Head VP - Sales & Strategy Manufacturing Canada : 1 USA : 5 Sales Head CS, VP - Legal
Slide 45: ESG & CSR
SDI FOODS LTD. Feeding the world, ESG & CSR
Slide 46: ESG Metrics & Key Initiatives – FY26
ESG Metrics & Key Initiatives – FY26 Improving resource efficiency, strengthening compliance, and scaling community impact through focused CSR programs Environmental – Performance Metrics & Initiatives Better conservation of natural resources ZLD commissioned ZLD upgraded Renewable transition 7.17%
Slide 47: Annual Performance Highlights
Annual Performance Highlights
Slide 48: Consolidated 5-year Financial Highlights
Consolidated 5-year Financial Highlights Particulars (INR crores unless stated) FY22 FY23 FY24 FY25 FY26 Profit & Loss Highlights Revenue from Operations 421.2 450.3 520.3 589.6 683.2 Gross Profit 211.5 235.9 276.2 341.4 410.5 Gross Profit (%) 50.2% 52.4% 53.1% 57.9% 60.1% EBITDA 66.6 80.6 104.9 98.
Slide 49: Consistent Shareholder Returns
Consistent Shareholder Returns Value creation for shareholders Consistent shareholder value creation through dividend payouts and buyback of shares INR 100+ Cr. returned to our shareholders since FY22 43.9 13.2 13.2 13.2* 11.0 8.8 FY22 FY23 FY24 FY24 FY25 FY26 Regular Dividend (INR Cr) Special Divid
Slide 50: Thank You!
Thank You! Ernst & Young LLP ADF Foods Limited Investor Relations Advisory CIN: L15400GJ1990PLC014265 Srinivas Ayyagari, CFO Sumedh Desai Sukhin Naphade Vikash Verma srinivas@adf-foods.com sumedh.desai@in.ey.com sukhin.s.naphade@in.ey.com vikash.verma1@in.ey.com