DIIs Bought 3,74,000 Shares: Food Products Company’s Stock Hit Upper Circuit as Revenue Surges 97 Per Cent and PAT Jumps 44 Per Cent
The stock is up by 25 per cent from its 52-week low of Rs 211 per share.
On Monday, shares of Krishival Foods Limited hit a 5 per cent upper circuit to Rs 264.05 per share from its previous closing of Rs 251.50 per share.
Krishival Foods Limited announced robust financial results for FY 2024-25, showcasing significant growth across its operations. The company reported a total income of Rs 206.30 crore, marking a substantial increase of 97 per cent year-on-year from Rs 104.70 crore in FY 2023-24. This strong performance also translated into a healthy EBITDA of Rs 25.23 crore, up by 66 per cent from Rs 15.17 crore in the previous fiscal year. Furthermore, the Net Profit (PAT) surged to Rs 13.54 crore, representing a 44 per cent year-on-year rise from Rs 9.35 crore, with Earnings Per Share (EPS) climbing to Rs 6.08, a 39 per cent increase from Rs 4.37.
Delving into segment-wise performance, the ‘Krishival Nuts’ division demonstrated strong growth, with revenue reaching Rs 175 crore, a 67 per cent increase from Rs 104 crore year-on-year. The EBITDA for this segment also grew by 50 per cent to Rs 23 crore from Rs 15 crore, driven by a wide product portfolio and expanded retail presence. The 'Melt N Mellow' ice cream brand, though acquired in September 2024, showed impressive growth, with revenue at Rs 51 crore, up 38 per cent from Rs 37 crore. Notably, its EBITDA saw a remarkable 783 per cent increase, reaching Rs 3 crore from Rs 0.35 crore, indicating significant operational efficiency improvements.
Operationally, Krishival Foods has expanded its reach considerably. 'Krishival Nuts' now has a presence in over 102 Tier II and III cities, while 'Melt N Mellow' ice cream boasts over 25,000 retail touch-points across Maharashtra, Karnataka, Goa and Telangana. The company has also strengthened its retail footprint with flagship Krishival Nuts shoppes in key tourist locations like Calangute and Candolim in Goa and Alibaug and Dapoli. Additionally, Krishival has leveraged online channels through partnerships with major e-commerce and quick-commerce platforms and has expanded its global presence by exporting 'Krishival Nuts' to Singapore, with over 300 retail touch-points in the region.
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About the Company
Krishival Foods Ltd., established in 2014, is a prominent player in the processed nuts and dry fruits industry. The company transforms raw nuts and dried fruits into flavourful, packaged products marketed under Krishival Nuts. Their product range includes cashews, almonds, pistachios, dry figs and combo packs, which are widely available across 64 tier II and tier III cities in India. The company acquired a significant 52.94 per cent stake in Melt ‘N ’Mellow Foods Private Limited. This acquisition will allow Krishival Foods to diversify its portfolio and enter the growing food and beverage sector, gaining access to established brands and a strong distribution network.
The company has a market cap of Rs 589 crore with a PE of 43x, an ROE of 11 per cent and an ROCE of 15 per cent. The stock is up by 25 per cent from its 52-week low of Rs 211 per share. DIIs bought 3,74,000 shares or 1.68 per cent stake in the company as of March 2025.
Disclaimer: The article is for informational purposes only and not investment advice.