Krishival Foods Enters Next Phase of Profitable Growth; FY26 Marks Scale-Up with Improving Profitability Visibility for both Nuts and ice cream

Mumbai – 12th May, 2026 – Krishival Foods Limited, (NSE – KRISHIVAL, BSE – 544416

|INE0GGO01015) a fast-growing Indian FMCG company with a diversified portfolio across dry fruits, nuts, and ice cream under the brands Krishival Nuts and Melt N Mellow, has announced its unaudited financial results for Q4 and FY26.

The Company delivered a steady Q4 FY26 performance, supported by strong demand across categories and continued distribution expansion. FY26 marks a transition into a scale-up phase, driven by capacity expansion, improving utilisation, and strong traction in the ice cream segment, which has now achieved profitability.

Key Financial Highlights

Consolidated

Particulars (₹ Cr)

Q4 FY26

Q4 FY25

FY26

FY25

YoY

Total Revenue*

106.84

75.97

304.41

206.31

+48%

EBITDA*

13.05#

8.87

41.95#

25.25

+66%

EBITDA Margin (%)*

12.21%#

12.03%

13.78%#

12.48%

+130

bps

Net Profit

5.58

5.20

22.20

13.55

+64%

Net Profit Margin (%)

5.47%

7.05%

7.59%

6.70%

+89 bps

Diluted EPS (₹)

2.31

2.33

9.17

6.07

–

* Including Other Income # Adjusted for one-time ESOP expense in Q4 FY26

Commenting on the Performance, Mr. Sujit Bangar — Chairman & Whole-Time Director, said, “FY26 has been a defining year for the Company, marked by strong execution across both business segments. A key highlight was the consolidation of profitability in the Nuts & Dry Fruits segment under Krishival Nuts, which achieved a healthy PAT margin of 10%. Simultaneously, the Ice Cream segment under Melt N Mellow demonstrated meaningful progress, attaining scale along with EBITDA margin of 7%.

During the year, the Company successfully completed a ₹100 crore Rights Issue. The proceeds are being strategically deployed towards capacity expansion, supply chain strengthening, and significant investments in cold-chain infrastructure, including a rapidly expanding freezer network.

With strong visibility on capacity ramp-up, continued distribution expansion, and benefits of operating leverage, the management remains confident of delivering sustained high growth with progressive improvement in profitability over the medium term.”

Segment-wise Performance Highlights

Nuts & Dried Fruits – Krishival Nuts

• Growth supported by retail expansion and steady B2B demand

• Q4 FY26 revenue at ₹60.69 crore, up 11% YoY, supported by sustained demand from all sales channels

• Q4 FY26 EBIDTA grew 46% YoY to ₹7.81 crore, reflecting operating leverage

• FY26 revenue stood at ₹ 211 crore, up 20.80% YoY supported by sustained consumer and institutional demand.

• FY26 EBITDA grew 41.37% YoY to ₹ 33 crore reflecting operating leverage.

• PAT increased 53.58% YoY to ₹ 21 crore achieving 10% PAT margin milestone in FY 26 and confident about its sustenance.

Ice Cream – Melt N Mellow

• Achieved profitability milestone during FY26 and progressing towards margin expansion

• Q4 FY26 revenue at ₹41.38 crore, up 115% YoY

• Q4 FY26 EBIDTA at ₹3.29 crore

• FY26 revenue grew 95% YoY to ₹95.42 crore

• FY26 EBIDTA increased to ₹ 7.1 crore, yielding a margin of 7%

• Melt N Mellow is the only major emerging multi state ice cream brand which is scaling up with incremental branding and marketing spend, while generating profit

Operational Highlights

Geographical Reach

• The company has expanded its reach across 300+ towns and places.

• Krishival Nuts expanded footprint to a network of 11,000+ retail touchpoint

• Melt N Mellow is now available across 34,200+ retail touchpoints across Maharashtra, Karnataka, Goa, Telangana, and Andhra Pradesh

• As of March 31, 2026, the Company has deployed 15,490 deep freezers across retail touchpoints in Maharashtra, Karnataka, Goa, Telangana, and Andhra Pradesh,

strengthening cold-chain infrastructure and enhancing on-ground brand visibility

Strategic Priorities

• Expand distribution footprint across Tier II and Tier III markets and strengthen presence in key states

• Scale Melt N Mellow with focus on capacity utilisation and expanding retail reach

• Expand deep freezer network to strengthen last-mile distribution and brand visibility

• Launch of 25 FOCO Melt N Mellow ice cream parlors across Mumbai and Pune, in FY27 to enhance brand presence and drive retail-led growth

• Continue investing in expanding deep freezer network across Maharashtra, Karnataka, Telangana, Andhra and Goa

• Keep investing in R&D and product innovation beyond existing 189 SKUs in ice cream and 67 SKUs in nuts & dry fruits

• Advance capacity expansion in the nuts segment to support future growth

• Continue focus on operational efficiencies, supply chain integration, and margin improvement

• Strengthen export footprint across Singapore, the United States, and Japan

Rights Issue Update

• Successfully completed ₹9,999.48 lakh rights issue during FY26

• Proceeds to support capacity expansion, working capital and supply chain strengthening

About Krishival Foods Limited

Krishival Foods Ltd. is a fast-growing Indian FMCG company with a strong presence in dry fruits, nuts and ice cream. Through its diversified portfolio of brands — ‘Krishival Nuts’ and ‘Melt N Mellow’—the Company is strategically positioned to capitalise on India’s evolving discretionary consumption landscape, with a focus on building scalable, premium yet accessible consumer brands.

For more information, visit: www.krishival.com

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