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PNN
Mumbai (Maharashtra) [India], February 11: Krishival Foods Limited, (NSE - KRISHIVAL, BSE - 544416 | INE0GGO01015), a fast-growing Indian FMCG company with a diversified portfolio spanning dry fruits, nuts, and ice cream under the brands Krishival Nuts and Melt N Mellow, has announced its unaudited financial results for Q3 and 9M FY26. The company delivered another strong quarter, supported by robust festive and wedding-season demand, deeper reach across Tier II and Tier III markets, and steady traction across general trade, modern trade, quick-commerce, and export channels. Sustained growth in the Nuts business and a successful turnaround in the Ice Cream segment, which is now contributing at the PAT level, emerged as key highlights of the quarter. Key Financial Highlights: Q3 FY26 Consolidated Financial Highlights - Total Revenue of 76.86 Cr, YoY growth of 40% - EBITDA of 11.54 Cr, YoY growth of 263% - EBITDA Margin of 15.01%, YoY growth of 159% - Net Profit of 6.41 Cr, YoY growth of 11,709% - Net Profit Margin of 8.34%, YoY growth of 8240% - 9M FY26 Consolidated Financial Highlights - Total Revenue of 197.57 Cr, YoY growth of 52% - EBITDA of 28.89 Cr, YoY growth of 77% - EBITDA Margin of 14.62%, YoY growth of 16.40% - Net Profit of 16.61 Cr, YoY growth of 99% - Net Profit Margin of 8.41%, YoY growth of 31.40% Commenting on the Performance, Mr. Sujit Bangar - Chairman & Whole-Time Director, said,"Q3 FY26 represents a strategic inflection point for Krishival Foods, with our Ice Cream business, Melt N Mellow, beginning to contribute at the PAT level-well ahead of scale maturity. This reflects the strength of our operating model, improved capacity utilisation and a sharp focus on cost discipline, even amid seasonal headwinds. Our Nuts business, Krishival Nuts, continues to deliver consistent topline growth and margin expansion, supported by premiumisation, festive and wedding-led demand, procurement discipline and operating leverage. With the successful completion of our 9,999.48 lakh Rights Issue, we are well-capitalised to invest in processing infrastructure, working capital efficiency and scalable, margin-accretive growth initiatives. We remain focused on building a differentiated, profitable FMCG platform with sustainable returns for shareholders." Segment-wise Performance Highlights: - Nuts & Dried Fruits - Krishival Nuts Q3 FY26 revenue at 54.82 crore, up 14.7% YoY, supported by festive and wedding-season demand - Q3 FY26 EBITDA grew 107% YoY to 9.65 crore, reflecting operating leverage - Q3 FY26 PAT increased 146% YoY to 5.88 crore - 9M FY26 revenue stood at 147.19 crore, up 22% YoY - 9M FY26 EBITDA grew 40% YoY to 24.83 crore; PAT increased 45% YoY to 15.44 crore - Growth driven by premiumisation, deeper reach across Tier II and Tier III markets, and GST rate rationalisation supporting demand Ice Cream - Melt N Mellow- Q3 FY26 revenue at 21.01 crore, up 122% YoY - Q3 FY26 EBITDA turned positive at 2.85 crore versus a loss of 1.78 crore YoY - Q3 FY26 PAT turned profitable at 0.58 crore versus a loss of 2.33 crore YoY - 9M FY26 revenue grew 71% YoY to 52.45 crore - 9M FY26 EBITDA improved to 6.08 crore from a loss of 0.51 crore YoY; PAT turned positive at 1.21 crore - Q3 FY26 marked a key inflection point, driven by improved operational efficiency, higher capacity utilisation, and expanding brand visibility across Western and Southern India, despite seasonal softness in the winter quarter Rights Issue Update- Successfully completed a 9,999.48 lakh Rights Issue, strengthening the company's capital base - Rights Issue ratio set at 45 equity shares for every 301 fully paid-up equity shares held - Proceeds to be utilised for part-funding capital expenditure towards a new nuts processing and packaging facility in Kolhapur, Maharashtra - Allocation towards working capital augmentation, supporting improvement in the working capital cycle - Balance allocated for general corporate purposes - The capital raise enhances balance sheet strength and supports capacity-led, margin-accretive growth Operational & Business Highlights Geographical Reach- Krishival Nuts expanded its footprint to 110+ Tier II and Tier III cities and towns, supported by a network of 10,000+ retail touchpoints - Melt N Mellow is now available across 26,000+ retail touchpoints spanning Maharashtra, Karnataka, Goa, Telangana, and Andhra Pradesh - As of December 31, 2025, the Company has deployed 9,895 deep freezers across retail touchpoints in Maharashtra, Karnataka, Goa, Telangana, and Andhra Pradesh, strengthening cold-chain infrastructure and enhancing on-ground brand visibility Exports - Krishival Nuts established presence in Singapore with distribution across 300+ retail touchpoints - Export revenue for the quarter stood at 1.68 crore, contributing approximately 3% of total sales Strategic Outlook - Expand nuts and dried fruits processing capacity from 10 MT per day to 40 MT per day over the next three years, supporting long-term volume growth and margin expansion - Ice Cream Division operates a state-of-the-art facility with installed capacity of 1 lakh litres per day, with a phased ramp-up to full utilisation planned over the next three years - Strengthen presence across Maharashtra, Madhya Pradesh, Delhi NCR, Karnataka, Telangana, and Andhra Pradesh, deepening penetration in both existing and new markets - Scale exports in Singapore and the United States, building on early traction to expand global reach - Integrated value chain, dual-brand portfolio, and early leadership in Tier II and Tier III markets position the Company for sustainable, profitable growth and a premium-yet-accessible brand proposition (ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same.)
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