ADF Foods Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
January 30, 2024 at 10:25 am EST
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ADF Foods Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 1,296.54 million compared to INR 1,232.32 million a year ago. Revenue was INR 1,334.42 million compared to INR 1,258.33 million a year ago. Net income was INR 193.79 million compared to INR 185.25 million a year ago. Basic earnings per share from continuing operations was INR 1.76 compared to INR 1.69 a year ago. Diluted earnings per share from continuing operations was INR 1.76 compared to INR 1.69 a year ago.
For the nine months, sales was INR 3,666.96 million compared to INR 3,271.74 million a year ago. Revenue was INR 3,759.84 million compared to INR 3,378.08 million a year ago. Net income was INR 494.25 million compared to INR 397.69 million a year ago. Basic earnings per share from continuing operations was INR 4.5 compared to INR 3.64 a year ago. Diluted earnings per share from continuing operations was INR 4.5 compared to INR 3.64 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 
