Prime Fresh Ltd — Board Meeting, 17-05-2025: Board Meeting

Prime Fresh Limited has announced a board meeting on 17 May 2025, approving the financial results for the quarter and half-year and the year ended 31 March 2025, along with the audited standalone and consolidated financial statements. The company noted the resignation of a director and plans to enter into a listing agreement with the stock exchange.

FY2025 proved challenging due to adverse climate impacts on key crops, cost pressures, and delayed customer payments, leading to a bad debt write-off of Rs. 0.78 Cr and slow/non-moving receivables totalling Rs. 4 Cr. The company shut two distribution centers due to cost and viability issues but launched a new center in Lucknow, which is performing well. For FY2026, the focus is on consolidation, cost rationalization, productivity improvements, and scaling General Trade and APMC businesses. Competitive pressure in B2B segments is expected to ease, and better monsoon and higher crop yields should aid volume growth, especially in fruits like oranges, grapes, and pomegranates.

Financially, Prime Fresh continued to grow near its 30% long-term target, with standalone sales up 36.98% to Rs. 195.80 Cr and consolidated sales up 38.57% to Rs. 206.77 Cr. However, margin pressures persisted due to high farm-gate prices, weaker demand, higher interest costs, and bad debt provisions. Standalone PAT rose 30.43% to Rs. 8.86 Cr, and consolidated PAT increased 30.90% to Rs. 9.12 Cr. The company plans to strengthen its sales and distribution network to reduce dependency on select customers and enhance volume-led growth in FY2026.

Prime Fresh operates a vast omni-channel supply chain across 18 states, sourcing 1.2 lakh+ farmers and managing 16 collection centers and 7 distribution centers, supporting over 80 SKUs. It continues expanding through partnerships, JV opportunities, and a value-added foods portfolio. The company received in-principle approvals for migration from BSE SME to the main board, launched an Employee Stock Option Plan 2024, and issued preferential shares and warrants, pending exchange approval.