ADFFOODS / Q3-FY26 / claim-ledger

Audit the questions that mattered.

ADF Foods · Analyst questions, management answers, and the quality of the response where the ledger is available.

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PositiveQ3-FY26 · 2026-02-10Back to quarter ↗

Questions audited

11

Answered directly

73%

Numeric claims

4

Consistency

mixed

Question ledger

What was answered, and how?

British · Lucky Investments

partial

What explains revenue growth variability between 9-month and quarter?

this year's first quarter because of our GPCB issues the production was at a low... some of the variances you will find is because if there are some new listings which have taken place in some quarter you'll see a bump up

British · Lucky Investments

partial

Are new products from Surat plant accelerating growth rate?

The Surat plant is going to have two new product lines... one new product line is going to come out of the Surat plant... the second new product line will be done in Q2 of the next financial year

Aish Tari · Vario

direct

How are demand conditions trending in end markets?

America is one of our major markets and even with the tariff situation the demand has been fairly robust... this fourth quarter is also started off well

Aish Tari · Vario

direct

What explains margin volatility between Q2 and Q3?

on a standalone basis the margins have in fact improved and the consolidated margins have come down because this Q3 the sales of the subsidiaries... it's because of that that you've seen on a consolidated basis there has been a margin reduction

Chit Malu · Genuity Capital

direct

What was capacity utilization in Q3?

we were probably at about 70 to 75% on a weighted average

Chit Malu · Genuity Capital

declined

What is the realization per ton?

it varies as per product line... we typically don't give that information

Bharat S · Quest Investment Advisor

direct

When will Truly Indian brand turn positive?

if you look at it just on a subsidiary level then you will see a break even after 3 years

Hitesh Randava · CAGR Quest Capital

evasive

Can tariff reduction increase our margins?

the increase in price has happened at the distributor level not at our level... our price our margins are okay

Hitesh Randava · CAGR Quest Capital

direct

Will we achieve 1,000 crore revenue by FY27?

we feel fairly confident of being able to achieve anywhere between 925 to 1,000 crores

Palavi · Samika

direct

What is the share of frozen food and capacity utilization?

we were at about 75% capacity utilization... frozen food accounts for upwards of around 40% plus of our total revenues

Priyanka · Nilal Bank Securities

evasive

What is marketing expense as percentage of revenue?

we refrain from giving absolute numbers but when you look at the growth it's a 24% growth year on year and quarter on quarter

Ashish Agarwal · Individual Investor

direct

What is volume growth vs value growth this quarter?

our volume growth accounted for nearly 70% of the total growth with the balance attributable to the price growth