ADFFOODS / Q4-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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PositiveQ4-FY26 · 2026-05-15Back to quarter ↗

Questions audited

12

Answered directly

88%

Numeric claims

7

Consistency

mixed

Question ledger

What was answered, and how?

Sarupia · Samiksha Capital

direct

Current utilization and ramp-up timeline for Surat solar facility, incremental revenue at full capacity.

the plant is going to be done in two phases... we expect in terms of revenue around 40 to 50 crores contribution from the Surat facility in this fiscal year. At its full capacity the Surat plant will give us upwards of 200 crores in topline.

Sarupia · Samiksha Capital

partial

Impact of Surat plant on margins and margin guidance on consolidated basis.

till its full capa at its full capacity we expect to maintain the similar kind of margins that we are getting from our existing facilities.

Rahan Sayyad · Prenatal Asset Managers

direct

Key levers to sustain 25% growth for Ashoka brand given large base.

it'll be a combination of both. I mean we still are looking at widening our penetration in our existing core markets adding on new markets and of course continuous product development and adding new product lines.

Rahan Sayyad · Prenatal Asset Managers

direct

Truly Indian growth: distribution expansion vs repeat purchases, consumer behavior differences.

the initial traction is more from a distribution point. We have had repeats happening with some of the Costco... it's a combination of repeats as well as new listings which is leading to the growth

Danj Pagoria · Alchemy

direct

Impact of GLP-1 drugs on food intake and Middle East war impact on numbers.

we are not seeing any kind of impact on that and in fact our whole product range is vegetarian and vegan. So if anything it will lure the consumers towards these kind of products

Danj Pagoria · Alchemy

direct

Middle East performance given war situation.

the Middle East has been because of the current situation in the month of March and April we've not been able to service that market apart from a few ports... March and April have seen a very insignificant sale out there

Charit Malu · Genuity Capital

direct

Capacity utilization as of FY26 and expected utilization for Surat plant.

at an average I would say we were anywhere between 70% to 75% capacity utilization.

Rashi Maheshwari · AXA Capital

direct

Q4 revenue breakdown: volume vs value, rupee depreciation impact, GCC export impact.

the growth is more 60 65% towards the volume growth. There has been some benefit with the devaluation but majority of the growth has come through volume growth

Rashi Maheshwari · AXA Capital

partial

Reconciliation of FY27 revenue guidance with Ashoka growth and other segments.

the guidance on revenue we've said 925 to 1000 crores... we feel fairly confident of being able to achieve it provided the geopolitical situations improve... we are looking at anywhere between 75 to 80 growers on truly Indian for this year

NITK · NV alpha fund

direct

Store additions for Ashoka brand and core markets.

the Ashoka brand is not 3000 store. Ashoka is much more than that. 3000 stores is for the truly Indian brand... growth on Ashoka is going to come from deeper penetration within the existing stores across all our main markets

Anker Gulati · Genu Capital

partial

Middle East revenue in Jan-Feb and increase in logistic costs.

I don't know the exact number but like as I mentioned the GCC accounts overall for about under 15% of our revenues.

Ravi Naredi · Nared Investment Private Limited

direct

PLI incentive amount in Q4 and full year FY26.

from a PLI perspective, for the full year, our number is roughly around 16 crores for FY26.