Sarveshwar Foods Reports 24% YoY Revenue Growth in Q1 FY25

Sarveshwar Foods Limited has announced its unaudited financial results for the quarter ended June 2024 (Q1 FY 2025).

The company’s revenue from operations stood at ₹233.05 crore in Q1 FY25, a significant increase from ₹187.68 crore in Q1 FY24, reflecting a year-on-year growth of 24%. They stated this growth is largely driven by the continued supply of a higher quantity of rice and an expanded customer base through the Bharat Rice Scheme of the Government of India.

Additionally, during the quarter, the company secured a substantial export order valued at approximately $6 million under NAFED.

The company’s EBITDA for the quarter reached ₹13.31 crore, up from ₹11.10 crore in Q1 FY24, marking a 20% year-on-year growth. Profit after tax (PAT) for Q1 FY25 was ₹3.09 crore, compared to ₹2.90 crore in Q1 FY24, reflecting a 6% increase.

Sarveshwar Foods also achieved several key developments during the quarter. The company got into a strategic partnership agreement aimed at revolutionising sustainable agricultural practices, enhancing productivity, improving soil health, and generating income through the sale of carbon credits.

The Shri Mata Vaishno Devi Shrine Board in Jammu and Kashmir awarded a significant contract to supply premium Steamed Basmati Rice, benefiting over 17,000 farmers covering 45,000 acres.

Moreover, the company launched a free certified Sona Masuri Paddy seeds distribution initiative in Jammu & Kashmir, aimed at empowering farmers with superior quality seeds. The acquisition of 100% of the business of Green Point Pte. Ltd., engaged in the wholesale business of groceries, further strengthens Sarveshwar Foods’ international presence and boosts its business operations.

Commenting on the performance for the quarter, the Chairman of Sarveshwar Foods, Mr Rohit Gupta, said, “The financial performance of Sarveshwar Foods in Q1 FY25 marks a promising start to the new fiscal year, reflecting our strategic focus and resilience. We achieved a revenue of ₹233.05 crore, showcasing a strong year-on-year growth of 24%. Our EBITDA and PAT reached ₹13.31 crore and ₹3.09 crore, respectively. This growth is primarily attributed to our ongoing commitment to the Bharat Rice Scheme, under the Government of India. Through this initiative, we have successfully increased our volumes and customer base.”

He further added, “Additionally, during the quarter, we have also exported. Under NAFED, as part of our strategic expansion in the global market. We remain confident of receiving such orders on a regular basis which will enhance our export contribution. Since the start of the financial year, we have started to automate our order processing, enabling us to closely coordinate with suppliers, and optimise our logistics to efficiently manage large volumes. This initiative will ensure sustained performance going forward.”

He also stated that Sarveshwar Foods Limited is actively engaged in promoting the use of organic food products in the European Union and North American markets. The company supplies high-quality, sustainably produced organic food products, aligning itself with the global shift towards organic and eco-friendly products. This strategic involvement addresses evolving consumer preferences and reinforces Sarveshwar Foods’ position as a leading food manufacturer.

Looking ahead, the company remains committed to sustainable growth, maximising shareholder value, and adapting to changing market dynamics. With a strong focus on operational efficiency and customer satisfaction, Sarveshwar Foods is poised to continue its success in the upcoming quarters.

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