Krishival Foods Growth Trajectory Accelerates; 9MFY26 Revenue Tally Nears FY25 Level

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
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