ADF Foods Limited — Investor Meet, 21-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

ADF Foods posted robust Q4 FY26 consolidated revenue of INR196.7 Cr (+23.7% YoY) and full-year INR683.2 Cr (+15.9%), with strong EBITDA margins. Growth is fueled by new listings, brand penetration, and improved product mix. Ashoka brand continues strong, while "Truly Indian" shows significant traction, now in ~3,000 US stores and winning awards. Operations commenced at the Surat greenfield facility, set to boost future revenue. Despite West Asia conflicts impacting Middle East sales (under 15% of revenue) and higher logistics costs, management is cautiously optimistic, targeting INR925-1000 Cr revenue for FY27, backed by a net debt-free balance sheet.