TBI Corn Limited — PPTs, 05-12-2025: Investor Presentation

**1. Business Performance:**

TBI Corn reports strong H1FY26 results. Revenue surged 45.5% YoY to ₹136.7 Cr, with Net Profit (PAT) climbing 36.3% to ₹10.25 Cr. EBITDA also grew 39.1% to ₹18.39 Cr, though margins slightly moderated to 13.4% due to initial costs from new plants. Volume saw a robust 43.7% increase, largely driven by the Snacking & Namkeen business, which now contributes 65% of revenue.

**2. Growth Drivers or Strategy:**

The company is aggressively expanding capacity to meet rising domestic and export demand, focusing on premium clients and higher-margin products. Strategic improvements in direct raw material sourcing, now at 24%, helped boost gross margins to 22.7%. Automation and stringent hygiene practices are key operational focus areas.

**3. Recent Developments:**

Total manufacturing capacity significantly expanded to 350 TPD with new facilities in Sangli and Malkapur. TBI Corn also received an 'Outstanding Vendor Award' from ITC, recognizing its commitment to quality and consistent supply.

**4. Key Financial Metrics:**

Earnings Per Share (EPS) for H1FY26 stood at ₹5.6, marking a 36.2% increase year-on-year.

**5. Management Commentary / Outlook:**

Management successfully achieved 70% utilization of the expanded capacity quickly. They project a strong 35% Volume CAGR until FY28, reflecting confidence in continued growth across various market segments.