Mumbai (Maharashtra) [India], February 12: Krishival Foods Limited, (NSE – KRISHIVAL, BSE – 544416 | INE0GGO01015), a fast-growing Indian FMCG company with a diversified portfolio spanning dry fruits, nuts, and ice cream under the brands Krishival Nuts and Melt N Mellow, has announced its unaudited financial results for Q3 and 9M FY26.
The company delivered another strong quarter, supported by robust festive and wedding-season demand, deeper reach across Tier II and Tier III markets, and steady traction across general trade, modern trade, quick-commerce, and export channels. Sustained growth in the Nuts business and a successful turnaround in the Ice Cream segment, which is now contributing at the PAT level, emerged as key highlights of the quarter.
Key Financial Highlights:
Q3 FY26 Consolidated Financial Highlights
•Total Revenue of₹76.86 Cr, YoY growth of 40%
•EBITDA of₹11.54 Cr, YoY growth of263%
•EBITDA Margin of 15.01%, YoY growth of159%
•Net Profit of₹6.41 Cr, YoY growth of 11,709%
•Net Profit Margin of 8.34%, YoY growth of8240%
9M FY26 Consolidated Financial Highlights
•Total Revenue of₹197.57 Cr, YoY growth of52%
•EBITDA of₹28.89 Cr, YoY growth of 77%
•EBITDA Margin of 14.62%, YoY growth of16.40%
•Net Profit of₹16.61 Cr, YoY growth of99%
•Net Profit Margin of 8.41%, YoY growth of31.40%
Commenting onthePerformance,Mr.Sujit Bangar–Chairman& Whole-Time Director,said,
“Q3 FY26 represents a strategic inflection point for Krishival Foods, with our Ice Cream business, Melt N Mellow, beginning to contribute at the PAT level-well ahead of scale maturity. This reflects the strength of our operating model, improved capacity utilisation and a sharp focus on cost discipline, even amid seasonal headwinds.
Our Nuts business, Krishival Nuts, continues to deliver consistent topline growth and margin expansion, supported by premiumisation, festive and wedding-led demand, procurement discipline and operating leverage.
With the successful completion of our 9,999.48 lakh Rights Issue, we are well-capitalised to invest in processing infrastructure, working capital efficiency and scalable, margin-accretive growth initiatives. We remain focused on building a differentiated, profitable FMCG platform with sustainable returns for shareholders.”
Segment-wise Performance Highlights:
Nuts & Dried Fruits – Krishival Nuts
•Q3 FY26 revenue at₹54.82 crore, up 14.7% YoY, supported by festive and wedding-season demand
•Q3 FY26 EBITDA grew 107% YoY to₹9.65 crore, reflecting operating leverage
•Q3 FY26 PAT increased 146% YoY to₹5.88 crore
•9M FY26 revenue stood at₹147.19 crore, up 22% YoY
•9M FY26 EBITDA grew 40% YoY to₹24.83 crore; PAT increased 45% YoY to₹15.44 crore
•Growth driven by premiumisation, deeper reach across Tier II and Tier III markets, and GST rate rationalisation supporting demand
Ice Cream – Melt N Mellow
•Q3 FY26 revenue at₹21.01 crore, up 122% YoY
•Q3 FY26 EBITDA turned positive at₹2.85 crore versus a loss of₹1.78 crore YoY
•Q3 FY26 PAT turned profitable at₹0.58 crore versus a loss of₹2.33 crore YoY
•9M FY26 revenue grew 71% YoY to₹52.45 crore
•9M FY26 EBITDA improved to₹6.08 crore from a loss of₹0.51 crore YoY; PAT turned positive at₹1.21 crore
• Q3 FY26 marked a key inflection point, driven by improved operational efficiency, higher capacity utilisation, and expanding brand visibility across Western and Southern India, despite seasonal softness in the winter quarter
Rights Issue Update
•Successfully completed a₹9,999.48 lakh Rights Issue, strengthening the company’s capital base
•Rights Issue ratio set at 45 equity shares for every 301 fully paid-up equity shares held
•Proceeds to be utilised for part-funding capital expenditure towards a new nuts processing and packaging facility in Kolhapur, Maharashtra
•Allocation towards working capital augmentation, supporting improvement in the working capital cycle
•Balance allocated for general corporate purposes
•The capital raise enhances balance sheet strength and supports capacity-led, margin-accretive growth
Operational & Business Highlights
Geographical Reach
•Krishival Nuts expanded its footprint to 110+ Tier II and Tier III cities and towns, supported by a network of 10,000+ retail touchpoints
•Melt N Mellow is now available across 26,000+ retail touchpoints spanning Maharashtra, Karnataka, Goa, Telangana, and Andhra Pradesh
•As of December 31, 2025, the Company has deployed 9,895 deep freezers across retail touchpoints in Maharashtra, Karnataka, Goa, Telangana, and Andhra Pradesh, strengthening cold-chain infrastructure and enhancing on-ground brand visibility
Exports
•Krishival Nuts established presence in Singapore with distribution across 300+ retail touchpoints
•Export revenue for the quarter stood at₹1.68 crore, contributing approximately 3% of total sales
Strategic Outlook
•Expand nuts and dried fruits processing capacity from10 MT per day to 40 MT per dayover the nextthree years, supporting long-term volume growth and margin expansion
•Ice Cream Division operates astate-of-the-art facilitywith installed capacity of1 lakh litres per day, with aphased ramp-up to full utilisationplanned over the next three years
•Strengthen presence acrossMaharashtra, Madhya Pradesh, Delhi NCR, Karnataka, Telangana, and Andhra Pradesh, deepening penetration in both existing and new markets
•Scale exports inSingapore and the United States, building on early traction to expand global reach
• Integrated value chain, dual-brand portfolio, and early leadership in Tier II and Tier III markets position the Company for sustainable, profitable growth and a premium-yet-accessible brand proposition
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