Foods & Inns Ltd. · NSE:FOODSIN
Foods & Inns — Q3 FY25 Earnings Presentation
39 slides from Foods & Inns's earnings presentation, February 2025
Slide 1: Investor Presentation – February’25
Investor Presentation – February’25
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 Q3 & 9MFY25 Highlights 02 Business Verticals 03 Company Overview Foods & Inns | Q3FY25 Presentation 3
Slide 4: Q3 & 9MFY25 Highlights
Q3 & 9MFY25 Highlights
Slide 5: Key Business Updates
Key Business Updates Export shipment backlog of Q1 and Q2 was called off in Q3 which resulted in export tonnage growth. However, the domestic call offs continued to be Fruit & slow in Q3. The silver lining is the rapid call offs we started witnessing in the last week of December which continued into
Slide 6: Operational & Financial Highlights
Operational & Financial Highlights Sales Tonnage (MT) Total Income (Rs Cr) Gross Profit (Rs Cr) & Margin (%) EBITDA (Rs Cr) & Margin (%) 15,215 14,702 12.9% 27% 41.4% 11.4% 36.5% Q3FY25 44% 80 62% 46% 22 193 20 152 55 38% 54% Q3FY24 Q3FY25 Q3FY24 Q3FY25 Q3FY24 Q3FY25 Q3FY24 Q3FY25 Export Domesti
Slide 7: Marketing Initiatives & Exhibitions
Marketing Initiatives & Exhibitions Khadya Khurrak Exhibition Indus Food Exhibition Foods & Inns | Q3FY25 Presentation 7
Slide 8: Won Second Prize at Sustainable Agriculture Awards’24
Won Second Prize at Sustainable Agriculture Awards’24 Foods & Inns | Q3FY25 Presentation 8
Slide 9: Q3FY25 Profit & Loss
Q3FY25 Profit & Loss Consolidated (Rs Cr) Q3FY25 Q3FY24 YoY Q2FY25 QoQ 9MFY25 9MFY24 YoY Revenue from Operations 189 150 169 609 675 Other Income 3 2 2 10 4 Total Income 193 152 27% 171 13% 619 679 -9% Raw Material Costs 113 96 100 367 458 Gross Profit 80 55 44% 71 12% 252 221 14% Gross Margin (%) 4
Slide 10: 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 11: 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 12: 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 13: Business Verticals
Business Verticals
Slide 14: Vertical Wise Revenue Contribution (FY24)
Vertical Wise Revenue Contribution (FY24) Fruits & Vegetable Spray Drying Frozen Foods Spices & Pectin Tetra Recart RTE/RTC Pulping Masala (Rs 18 Cr) (Rs 48 Cr) (Rs ~1 Cr) Beyond Mango (Rs 815 Cr) (Rs 23 Cr) • Mango • Any liquid form of • Fruits • In FY19, acquired • Sustainable carton • Invested an
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 | Q3FY25
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 0.1
Slide 25: Quality Control Certifications And Processes Act As Entry Barriers
Quality Control Certifications And Processes Act As Entry Barriers Foods & Inns | Q3FY25 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 | Q3FY25 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: Sustainable Agricultural Initiatives
Sustainable Agricultural Initiatives
Slide 29: Sustainable Agricultural Initiatives
Sustainable Agricultural Initiatives 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 an
Slide 30: Sustainable Agriculture Initiative Program – Roots to Change
Sustainable Agriculture Initiative Program – Roots to Change START OF THE PROGRAM: 2011 • Emphasizing the significance of conserving soil and water for a healthier ecosystem. • F&I is dedicated to buying back 100% of the produce from farmers involved in the program while also Objectives improving th
Slide 31: Sustainable Agriculture Initiative Program – Roots to Change
Sustainable Agriculture Initiative Program – Roots to Change CHALLENGES ADDRESSED BY THE PROGRAM AREA OF OPERATION TOTAL AREA COVERED (HA) MAHARASHTRA • The socioeconomic conditions of the Ratnagiri, Raigad, Jalgaon, Nashik 7757.3 farmers. • Battling adverse climatic changes with old ANDHRA PRADESH
Slide 32: Program Impact -1
Program Impact -1 DESCRIPTION OF INTERVENTION/PROGRAM SDGS IMPACTED BY THE PROGRAM • F&I has carried out various customised sustainable projects • Conducted regular demonstrations and training programs and for sourcing sustainable produce for its international provided personal assistance to farmers
Slide 33: Program Impact -2
Program Impact -2 Monthly Farmer Support 8 Years of Equipment Support At Foods & Inns, our team of agronomists visits For the last 8 years, we have provided the farmers monthly and provides them with farmers with agricultural equipment to technical assistance and solutions, enhance their farming act
Slide 34: Case Study
Case Study Nisarg Cyclone Relief (2020) Soil Improvement and Regenerative Agriculture Initiatives (North Ratnagiri & South Raigad, District, Maharashtra) (Konkan, Dharwad, Valsad) • Challenges: Cyclone Nisarg devastated mango, orchids, • Challenges: Dealing with improving soil health, pest issues, e
Slide 35: Annexure
Annexure
Slide 36: 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 37: 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 38: Share Price Information
Share Price Information Capital Market Information (as of 05-Feb-25) Shareholding Pattern (as on Dec-24) BSE/NSE Code 507552 | INE976E01023 Public 72.02% Promoters 25.47% CMP (Rs) 105 Market Cap (Rs Cr) 775 Shares (#) 7,31,18,534 FII DII Face Value (Rs) 1.00 1.37% 1.14% Foods & Inns | Q3FY25 Present
Slide 39: 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 | Q3FY25 Presentation 39