Sundrop Brands Ltd

Net loss of Sundrop Brands reported to Rs 114.05 crore in the quarter ended March 2025 as against net profit of Rs 1.48 crore during the previous quarter ended March 2024. Sales rose 70.42% to Rs 303.28 crore in the quarter ended March 2025 as against Rs 177.96 crore during the previous quarter ended March 2024. For the full year,net loss reported to Rs 109.89 crore in the year ended March 2025 as against net profit of Rs 10.41 crore during the previous year ended March 2024. Sales rose 18.34% to Rs 897.14 crore in the year ended March 2025 as against Rs 758.08 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales303.28177.96 70 897.14758.08 18 OPM %-0.122.93 -2.934.51 - PBDT0.974.78 -80 26.8832.79 -18 PBT-8.37-0.48 -1644 1.1311.63 -90 NP-114.051.48 PL -109.8910.41 PL Powered by Capital Market - Live

Net loss of Sundrop Brands reported to Rs 113.97 crore in the quarter ended March 2025 as against net profit of Rs 1.64 crore during the previous quarter ended March 2024. Sales rose 11.74% to Rs 198.58 crore in the quarter ended March 2025 as against Rs 177.72 crore during the previous quarter ended March 2024. For the full year,net loss reported to Rs 110.72 crore in the year ended March 2025 as against net profit of Rs 9.64 crore during the previous year ended March 2024. Sales rose 4.59% to Rs 791.37 crore in the year ended March 2025 as against Rs 756.64 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales198.58177.72 12 791.37756.64 5 OPM %-1.122.81 -2.864.22 - PBDT-1.544.65 PL 22.8830.92 -26 PBT-7.62-0.45 -1593 0.8310.40 -92 NP-113.971.64 PL -110.729.64 PL Powered by Capital Market - Live

Sundrop Brands will hold a meeting of the Board of Directors of the Company on 19 May 2025.Powered by Capital Market - Live

Agro Tech Foods vide the certificate of incorporation issued by the Ministry of Corporate Affairs, Office of the Central Processing Centre, Manesar, Plot No. 6,7, 8, Sector 5, IMT Manesar, Gurgaon, Haryana, 122050, India has changed its name to 'Sundrop Brands Limited' with effect from 8th March 2025.Powered by Capital Market - Live

Net profit of Agro Tech Foods rose 55.16% to Rs 3.91 crore in the quarter ended December 2024 as against Rs 2.52 crore during the previous quarter ended December 2023. Sales rose 8.06% to Rs 207.92 crore in the quarter ended December 2024 as against Rs 192.41 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales207.92192.41 8 OPM %6.934.65 - PBDT14.548.74 66 PBT9.013.41 164 NP3.912.52 55 Powered by Capital Market - Live

Agro Tech Foods will hold a meeting of the Board of Directors of the Company on 6 February 2025.Powered by Capital Market - Live

Agro Tech Foods has received the approval of the Competition Commission of India (CCI) vide letter dated 22 January 2025 for the proposed acquisition of 100% stake in Del Monte Foods. Powered by Capital Market - Live

Agro Tech Foods has received revision in credit ratings from CRISIL as under: Total bank facilities rated - Rs 247 crore Long term rating - CRISIL A; Rating watch with developing implications Short term rating - CRISIL A1; Rating watch with developing implicationsPowered by Capital Market - Live

The long-term and short-term rating on the credit instruments of the company stands at 'CRISIL A' and 'CRISIL A1', respectively. CRISIL Ratings stated that the ratings have been put on watch with developing implications' following the announcement that Board of Directors of Agro Tech have approved the acquisition of 100% of the issued and outstanding equity shares of Del Monte Foods Pvt. Ltd. (DMFPL) from their existing shareholders. Post the completion of the transaction, DMFPL will become a wholly owned subsidiary of Agro Tech. The transaction is expected to be closed in another 3-4 months post the completion of regulatory approvals. CRISIL Ratings will continue to monitor the developments in relation to the completion of this acquisition and will take the appropriate rating action post the completion. The agency further said that the ratings reflect the company's established position in the branded edible oil business, with growing contribution of the high-margin food business, and strong financial risk profile. These strengths are partially offset by exposure to risks inherent in agriculture-based business and modest profitability, with significant sales coming from the competitive edible oil business. Agro Tech has an established market position in the edible oil and branded food businesses in India; its primary brands are Sundrop, Crystal and ACT II. Over the past few years, the company has diversified its portfolio to focus on high-margin, value-added products. It has strengthened its position in the branded food market by introducing new products such as sweet corn, chocolate spread, extruded breakfast cereals, granola cereals and chocolate confectionery. The scrip fell 1.47% to currently trade at Rs 924.10 on the BSE. Powered by Capital Market - Live

Agro Tech Foods announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 11 December 2024 .Powered by Capital Market - Live