Sarveshwar Foods Q1 Results: FMCG Stock Reports Rs.233.1 Cr Revenue; PAT Jumps 6%

Sarveshwar Foods, a leading FMCG company has declared its financial results for the quarter ended 30th June 2024.
In Q1 FY25, revenue from operations was Rs. 233.05 crore, up 24% YoY from Rs. 187.68 crore in the same quarter last year. EBITDA for the quarter jumped by 20% YoY to Rs. 13.31 crore from Rs. 11.10 crore in Q1FY24. However, the EBITDA margin was 5.71% as against 5.91% in the same quarter of the previous fiscal year. With a 6% year-on-year growth, Q1 FY25 profit was Rs 3.09 crore compared to PAT of Rs 2.90 crore in Q1 FY24.

Mr. Rohit Gupta, Chairman, Sarveshwar Foods Ltd. said, "The financial performance of Sarveshwar Foods in Q1 FY25 marks a promising start to the new fiscal year, reflecting our strategic focus and resilience. We achieved a revenue of Rs. 233.05 crore, showcasing a strong year-on-year growth of 24%. Our EBITDA AND PAT reached Rs. 13.31 crore and 3.09 crore respectively. This growth is primarily attributed to our ongoing commitment to the Bharat Rice Scheme, under the Government of India. Through this initiative, we have successfully increased our volumes and customer base. Additionally, during the quarter we have also exported. Under the NAFED as part of our strategic expansion in the global market. We remain confident of receiving such orders on a regular basis which will enhance our export contribution."

"Since the start of the financial year we have started to automate our order processing, enabling us to closely coordinate with suppliers, and optimize our logistics to efficiently manage large volumes. This initiative will ensure sustained performance going forward. Further, we are actively engaged in promoting the use of organic food products in the European Union and North American markets. We have supplied high-quality, sustainably produced organic food products. We are aligning ourselves with the changing global trends towards organic and eco-friendly products. This strategic involvement not only caters to the evolving consumer preferences but also strengthens our position as a leading food manufacturer," he stated.

"Looking ahead, we remain committed to sustainable growth, maximizing shareholder value, and adapting to the changing market dynamics. Our focus on operational efficiency, and customer satisfaction will continue to drive our success in the upcoming quarters," Rohit Gupta further added.

Sarveshwar Foods Limited (SFL) is an ISO 22000:2018 and USFDA-certified company. The company's operations include the production, distribution, processing, and marketing of both branded and non-branded basmati and non-basmati rice in both local and foreign markets. Its headquarters are in the State of Jammu & Kashmir's Jammu Region. Serving delicious and healthful rice for over 130 years, SFL has a sustainable and environmentally friendly tradition. In the last several decades, the company has expanded its legacy to include additional premium FMCG and organic product categories.