Ice cream retail outlets
34,200
+9,200 YoY
Melton Melo expanded its retail footprint from 25,000 to 34,200 outlets during FY26.
KRISHIVALFOODS
Consumer
15 May 2026
Krishival Foods Ltd — Q4 FY26
Krishival Foods delivered a strong FY26 with consolidated revenue of 304.41 Cr (up 48% YoY), EBITDA of 41.95 Cr (up 66% YoY), and PAT of 22.2 Cr (up 64% YoY).
✓ Verified against BSE filing
2-Min Summary
✦ AI-Generated from Full Transcript
Krishival Foods delivered a strong FY26 with consolidated revenue of 304.41 Cr (up 48% YoY), EBITDA of 41.95 Cr (up 66% YoY), and PAT of 22.2 Cr (up 64% YoY). The nuts business maintained 15%+ EBITDA margins driven by 70% capacity utilization and operating leverage, while the ice cream division (Melton Melo) achieved profitability at 7% EBITDA margin a year ahead of plan, supported by distribution expansion to 34,200 retail outlets and 15,490 deep freezers. Management guided for ~50% revenue growth and 50%+ PAT growth in FY27, with ice cream EBITDA margins expected to reach 14-15% by FY29 at full capacity. Key risks include input cost volatility for globally sourced commodities and potential margin pressure from aggressive capacity expansion.
Key Numbers
Deep freezer network
15,490
+5,490 YoY
Deep freezer count increased from 10,000+ to 15,490, enabling deeper market penetration.
Ice cream SKUs
189
N/A
Melton Melo now offers 189 SKUs, the third-highest among ice cream brands in India.
Nuts capacity utilization
70%
+20pp YoY
Existing nuts processing capacity utilization improved from ~50% to 70% in FY26.
Management Guidance
FY27 revenue growth ~50% YoY
Management expects topline growth of approximately 50% in FY27, driven by both nuts and ice cream segments.
Management guidance revenueFY27 PAT growth 50%+ YoY
Bottom-line growth is guided at over 50% for FY27, supported by margin expansion.
Management guidance growthIce cream EBITDA margin to reach 14-15% by FY29
At full capacity utilization (target Q1 FY29), ice cream EBITDA margin is expected to be 14-15%.
Management guidance margins25 Melo & Co. ice cream outlets in FY27
Company plans to open 25 franchise-owned company-operated outlets in Mumbai and Pune starting July-August 2026.
Management guidance expansionKey Risks
Input cost volatility for global commodities
Near-term volatility in input costs and supply chains for globally sourced commodities could pressure margins.
medium · management_commentaryMargin pressure from capacity expansion
Aggressive capacity expansion in nuts (doubling to 20 MT/day) may lead to higher depreciation and temporary margin compression.
medium · data_observationESOP cost impact on reported margins
ESOP costs of ~2.88 Cr in Q4 FY26 depressed reported EBITDA margins; future ESOP costs, though lower, remain uncertain.
low · analyst_questionShareholder overhang from promoter stake sale
Analyst raised concern about ~10-11% promoter stake being sold; management declined to comment, creating uncertainty.
medium · analyst_questionNotable Quotes
We are building scale with profitability, not at the cost of it. We are also investing in brand building through internal accruals rather than burning cash.
Melton Melo is the only major emerging multi-state ice cream brand which is scaling with incremental branding and marketing spend while generating profit this year 7% on the top line.
Our target is to maintain this 15% EBITDA and the 10% PAT in the nuts segment, and ensure PAT doesn't go below 10%.
Frequently Asked Questions
What was Krishival Foods's revenue in Q4 FY26?
Krishival Foods reported revenue of ₹102 Cr in Q4 FY26, representing a +48% change compared to the same quarter last year.
What guidance did Krishival Foods management give for FY27?
FY27 revenue growth ~50% YoY: Management expects topline growth of approximately 50% in FY27, driven by both nuts and ice cream segments. FY27 PAT growth 50%+ YoY: Bottom-line growth is guided at over 50% for FY27, supported by margin expansion. Ice cream EBITDA margin to reach 14-15% by FY29: At full capacity utilization (target Q1 FY29), ice cream EBITDA margin is expected to be 14-15%. 25 Melo & Co. ice cream outlets in FY27: Company plans to open 25 franchise-owned company-operated outlets in Mumbai and Pune starting July-August 2026.
What are the key risks for Krishival Foods in FY27?
Key risks include Input cost volatility for global commodities — Near-term volatility in input costs and supply chains for globally sourced commodities could pressure margins.; Margin pressure from capacity expansion — Aggressive capacity expansion in nuts (doubling to 20 MT/day) may lead to higher depreciation and temporary margin compression.; ESOP cost impact on reported margins — ESOP costs of ~2.88 Cr in Q4 FY26 depressed reported EBITDA margins; future ESOP costs, though lower, remain uncertain.; Shareholder overhang from promoter stake sale — Analyst raised concern about ~10-11% promoter stake being sold; management declined to comment, creating uncertainty..
Did Krishival Foods meet its previous quarter's guidance?
Scorecard data is being built as historical quarters are processed.
Where can I read the full Krishival Foods Q4 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary verified against official BSE/NSE filings.