Q1 2025 ADF Foods Ltd Earnings Call Transcript
Key Points
- Consolidated revenues increased by 8.1% year-on-year to INR121.6 crores.
- Strong demand across all brands, with flagship brand Ashoka adding new products and increasing market penetration.
- Strategic expansion into quick commerce channels and modern trade expected to energize the market in the second half of FY25.
- US expansion of the Truly Indian brand is on schedule, with new listings in supermarkets and on Amazon.
- Surat greenfield Phase 1 expansion remains on track, catering to both new and existing lines for frozen foods.
- Lost sales amounting to almost $1 million due to nonavailability of containers.
- EBITDA margin decreased to 16.1%, a drop of 340 basis points year-on-year.
- Agency distribution business saw a decrease due to supply chain issues.
- Higher freight costs impacted EBITDA, despite cost control and process efficiency measures.
- PAT for the quarter decreased by 2.1% year-on-year and 42.5% quarter-on-quarter.
Ladies and gentlemen, good day, and welcome to ADF Foods Limited Q1 FY25 earnings conference call. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Ravi Udeshi from EY. Thank you, and over to you, Mr. Udeshi.
Thank you, Manav, and good evening, everyone. We welcome you to the Q1 FY25 earnings conference call of ADF Foods Limited. To take us through the results and to answer your questions, we have with us in the top management of the ADF Food Limited represented by Mr. Sumer Thakkar, Promoter, the General Manager, Sales and Strategy; and Mr. Shardul Doshi, the Chief Financial Officer.
We will start the call with an overview of the business and the current business update by Mr. Sumer Thakkar, and then Mr. Shardul Doshi will give his comments on the financials. As usual, the standard Safe Harbor clause applies, while we start the call.
With that said, I now hand over the call to Sumer. Over to you, Sumer.
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