ADF Foods Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 06, 2023 at 11:52 am EDT
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ADF Foods Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 1,231.11 million compared to INR 1,081.57 million a year ago. Revenue was INR 1,236.87 million compared to INR 1,120.98 million a year ago. Net income was INR 163.3 million compared to INR 112.05 million a year ago. Basic earnings per share from continuing operations was INR 1.486 compared to INR 1.116 a year ago. Diluted earnings per share from continuing operations was INR 1.486 compared to INR 1.086 a year ago.
For the full year, sales was INR 4,502.85 million compared to INR 4,212.02 million a year ago. Revenue was INR 4,614.95 million compared to INR 4,306.64 million a year ago. Net income was INR 560.99 million compared to INR 480.98 million a year ago. Basic earnings per share from continuing operations was INR 5.124 compared to INR 4.794 a year ago. Diluted earnings per share from continuing operations was INR 5.124 compared to INR 4.666 a year ago.
ADF Foods Limited is an India-based company, which is engaged in the business of Meal Accompaniments, Canned Food & Ready to eat, and Frozen Foods. The Company's product portfolio includes ready-to-eat food, ready-to-cook food, frozen food, frozen vegetables, cooking pastes, and food accompaniments, such as pickles, sauces and chutneys. The Company's portfolio of brands includes Ashoka, Truly Indian, Camel, Aeroplane, ADF Soul, Nateâs, and PJâs Organics. The Company's Meal Accompaniment products include Dipping Sauces, such as twisty tamarind, tango mango, spicy schezwan, and chatpata achari. Its Chutneys in olive oil products include coriander chutney, mint chutney, pani puri concentrate, sandwich chutney, and tamarind chutney. It also provides Pickles in Olive Oil, Traditional Pickles, and Mango Chutneys. The Company's Frozen products include Frozen samosas, Frozen Kathi rolls, Frozen dosa wraps, Frozen snacks and Ponk. The Company also provides baked snacks and flavored milk drinks.
ADF FOODS LIMITED 
