29 slides from Sundrop Brands Limited Shs Dematerialised's earnings presentation, Nov 13, 2025
Slide 1: Regulation 30 disclosure letter to stock exchanges
13th November 2025 The Manager, The Manager BSE Limited, Listing Department Floor 25, Pheroze Jeejeebhoy Towers, National Stock Exchange of India Limited Dalal Street, Exchange Plaza, Bandra-Kurla Complex, Mumbai - 400 001. Bandra (E), Mumbai – 400 051. Ph. No. 022- 22721233 / 22721234 Ph.No. 022- 2
Slide 2: Sundrop Brands Limited Investor Presentation
Sundrop Brands Limited (Formerly known as Agro Tech Foods Limited) Investor Presentation 13th Nov 2025 1
Slide 3: Safe harbor
Safe harbor Certain statements in this release concerning our future growth prospects are forward-looking statements, which are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those contemplated in such forward-looking statements.
Slide 4: Vision and Mission
A bold new vision and mission reflecting the company’s ambition Vision Bringing joyful food experiences to the modern consumer Mission Creating innovative, delicious, and convenient food solutions 3
Slide 5: Sundrop Brands is emerging as a scaled food platform
Sundrop Brands is emerging as a scaled food platform, with a a significant profitable growth opportunity Presence in high growth Renewed focus on its Increased salience in and high margin core portfolio fast-growing channels categories Increased focus on Capital efficient Organic + Inorganic improvi
Slide 6: Platform combining three market leading brands
Sundrop Brands platform is a combination of three market leading brands A powerhouse of owned and perpetually licensed food brands with strong recall and global affiliation 5
Slide 7: Q2 FY26: Strong Growth across Key Indicators
Q2 FY26: Strong Growth across Key Indicators* Supported by strong Balance Sheet INR 1,449 Cr Net Worth +8% +23% Consolidated Revenue Growth B2B Revenue Growth Free Cash balance INR 24 Cr as on 30th Sep’ 25 Borrowings as on NIL +41% +34% 30th Sep’ 25 E-commerce Growth Advertising Investments Growth +
Slide 8: H1 FY26: Strong Growth across Key Indicators
H1 FY26: Strong Growth across Key Indicators* Supported by strong Balance Sheet INR 1,449 Cr Net Worth +10% +12% Consolidated Revenue Growth B2B Revenue Growth Free Cash balance INR 24 Cr as on 30th Sep’ 25 Borrowings as on NIL +42% +44% 30th Sep’ 25 E-commerce Growth Advertising Investments Growth
Slide 9: Business Growth vs. Last Year
Business Growth vs. Last Year Sundrop Del Monte Group 58% 42% H1 FY26 Growth 11% H1 FY26 Growth 9% H1 FY26 Growth 10% Q2 FY26 Growth 7% Q2 FY26 Growth 10% Q2 FY26 Growth 8% FY25 Growth 5% FY25 Growth 13% FY25 Growth 8%
Slide 10: Core categories showing increase in contribution
Core categories showing increase in contribution with continued investment FY23 Core Category Contribution Q2 FY26 Core Category Contribution 36% 47% 53% 64% Core Categories Others Core Categories Others Core categories Sundrop Brands (formerly known as Agro Tech Foods Limited) include Ready to cook
Slide 11: Q2 FY26 - Growth driven by Core categories
Q2 FY26 - Growth driven by Core categories with strong headroom for business expansion Popcorn Culinary Premium Staples 12% Value 15% Value 13% Value 2% Volume 12% Volume -6% Volume Italian Spreads -3% Value -11% Value 13% Volume -14% Volume
Slide 12: H1 FY26 - Growth driven by Core categories
H1 FY26 - Growth driven by Core categories with strong headroom for business expansion Popcorn Culinary Premium Staples 16% Value 12% Value 16% Value 6% Volume 10% Volume -4% Volume Italian Spreads -5% Value -8% Value 10% Volume -13% Volume
Slide 13: Popcorn H1 FY26
Popcorn H1 FY26 Popcorn Ready to Cook Value Growth % Popcorn Ready to Eat Value Growth % 7% 43% H1 FY25 H1 FY26 H1 FY25 H1 FY26 • Popcorn category grows at 16%+ with strong performance in both Ready to Cook and Ready to Eat formats. • Enhanced performance marketing investments on E-commerce helped d
Slide 14: Premium Staples H1 FY26
Premium Staples H1 FY26 Premium Staples Value Growth % Premium Staples Volume Growth % -4% 16% H1 FY25 H1 FY26 H1 FY25 H1 FY26 • Edible Oil business continues to grow driven by commodity price led inflation • Business stable in volume in consumer packs and volume erosion primarily led by Bulk pack s
Slide 15: Spreads & Dips H1 FY26
Spreads & Dips H1 FY26 Spreads & Dips Value Growth % Spreads & Dips Volume Growth % -8% -13% H1 FY25 H1 FY26 H1 FY25 H1 FY26 • Business continues to be under pressure with loss of share in Modern Trade led by evolution of High Protein and Chocolate variants • Launched 2 New SKUs in High Protein Rang
Slide 16: Culinary H1 FY26
Culinary H1 FY26 Culinary Value Growth % Culinary Volume Growth % 12% 10% H1 FY25 H1 FY26 H1 FY25 H1 FY26 • Ketchup & Sauces – Strong growth seen across both B2C and Food Services segment. • Partnerships with leading MT chains and marketing investments in q- com platforms helping drive strong volume
Slide 17: Italian H1 FY26
Italian H1 FY26 Italian Net Sales Growth % Italian Volume Growth % -5% 10% H1 FY25 H1 FY26 H1 FY25 H1 FY26 • Pasta growth driven by enhanced marketing investments in MT and E-commerce channel • Olive oil volumes grew by 27% in H1. However, commodity price decline has impacted revenue growth 16
Slide 18: E-commerce: Enhanced investments drive accelerated growth
E-commerce: Enhanced investments continue to drive accelerated growth KW Display Banner Category Banners Home Page ATC Q2 FY26 Ecommerce Value Growth % 41% Q2 FY25 Q2 FY26 E-commerce growth helped by focused investments in performance marketing and Q-commerce growth 17
Slide 19: Overall brand spends significantly enhanced behind core categories
Overall Brand spends also significantly enhanced behind core categories to drive consumer affinity and sales Brand Marketing Spends Brand Marketing Spends 34% 44% 24% 36% 71% 67% Ecom Media Total A&P Ecom Media Total A&P Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 • Significant increase in Media spends to drive
Slide 20: Sales Force Automation to drive productivity
Sales Force Automation being implemented in Sundrop Brands to drive Productivity Outlet Enrollment Trend Q1 vs Q2 FY26 9% 23% Q1 FY26 Q2 FY26 • Sales Force Automation to bring 490K coverage of Mobile platform through Bizom • Project initiated in Q1 and being ramped up Nationally • 79% of Frontline s
Slide 21: Margin Improvement Programs
Margin Improvement Programs • Onboarded external partners to guide on margin improvement in Packaging Materials (reflected in material costs); manufacturing and logistics costs (reflected in other expenses*) • Programs have led to sequential improvement with Gross margin improving by 190 bps in Q1 a
Slide 22: 95% of Group business now on 5% GST
95% of Group business now on 5% GST; Benefit of GST reduction passed on to the Consumers and new rates seamlessly implemented in market Reduced MRP in alignment with Government of India’s GST Revisions 21
Slide 23: Multiple new launches across Act II, Sundrop and Del Monte
Multiple new launches across Act II, Sundrop and Del Monte portfolios in Q2 FY26 9 SKUs in Tomato Puree Canned Fruits & Vegetables Act II – 2 New Flavours in Sundrop Peanut Butter: General Trade launch of Mayo and Salad dressings Ready to Cook, 1 in Ready to 2 High Protein, 2 Jaggery and 1 in new pa
Slide 24: Consolidated Profit & Loss Statement – Reported (Q2)
Consolidated Profit & Loss Statement – Reported Reported • Employee Benefit Expenses exclude Value in INR Crore % of Q2 FY 26 Q2 FY 25 Q1 FY 26 INR 6.5 Cr charge to the P&L in Q2 Change FY26 on account of ESOPs granted to Revenue from Operations 383.3 206.1 86% 372.1 the employees. Material Costs (R
Slide 25: Consolidated Profit & Loss Statement – Reported (H1)
Consolidated Profit & Loss Statement – Reported Reported • Employee Benefit Expenses exclude INR Value in INR Crore % of H1 FY 26 H1 FY 25 8 Cr charge to the P&L in H1 FY26 on Change account of ESOPs granted to the Revenue from Operations 755.4 386.7 95% employees. Material Costs (RM & PM) 480.4 242
Slide 26: Consolidated Profit & Loss Statement – Proforma (Q2)
Consolidated Profit & Loss Statement – Proforma Includes proforma financials of Del Monte Foods in the base period of Q2 FY25 Proforma • Employee Benefit Expenses exclude Value in INR Crore % of INR 6.5 Cr charge to the P&L in Q2 Q2 FY 26 Q2 FY 25 Q1 FY 26 Change FY26 on account of ESOPs granted to
Slide 27: Consolidated Profit & Loss Statement – Proforma (H1)
Consolidated Profit & Loss Statement – Proforma Includes proforma financials of Del Monte Foods in the base period of H1 FY25 Proforma • Employee Benefit Expenses exclude INR Value in INR Crore % of 8 Cr charge to the P&L in H1 FY26 on H1 FY 26 H1 FY 25 Change account of ESOPs granted to the Revenue
Slide 28: Summing Up
Summing Up Platform with stable of Well known Food Brands catering to modern, 1 evolving consumer food choices Riding on Consumer Mega Trends driving consumption of Branded 2 Packaged Foods Identified high growth and margin categories with leadership position and 3 / or significant headroom for grow
Slide 29: Thank you
Thank you y ., var ounarop