ADF Foods Management Guidance Tracker

Management guided for consolidated revenue between ₹925 crore and ₹1,000 crore in FY27, driven by capacity expansion and new product launches.

Management expects consolidated revenue between ₹925 crore and ₹1,000 crore for FY27, assuming Middle East situation normalizes.

Phase 1 of the Surat greenfield plant will be fully operational by Q4 FY26, adding new frozen product lines.

Surat plant expected to reach full capacity utilization (₹200-250 crore revenue) by year three, with ~35% utilization in FY27.

Management expects standalone EBITDA margins to remain in the 20% range going forward, supported by product mix.

The Truly Indian brand is expected to breakeven at the subsidiary level in about 3 years, with continued investment.

Truly Indian brand expected to grow 75-80% year-on-year in FY27, driven by distribution expansion and repeat purchases.

Ashoka brand expected to grow 30-35% in FY27 through deeper penetration, new products, and new markets.