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Fortune Foods Q1 Results Net Profit Soars to ₹22.63 Lakh with Revenue of ₹361.01 Lakh
Fortune Foods Quarterly Results reveal a 15.3% YoY revenue increase to ₹361.01 lakh, despite a 7.9% QoQ decline, and a 213.3% QoQ rise in net profit to ₹22.63 lakh, though it fell 47.1% YoY. Fortune Foods Quarterly Results reflect strong QoQ profit growth but a YoY decline.
by Madhumitha
Updated Sep 09, 2024
Table of Content
Fortune Foods Q1 Results: Fortune Foods announced its Q1 results for the financial year 2024-2025, showcasing a modest growth in revenue. Revenue from operations stood at ₹361.01 lakh, reflecting a 15.3% increase year-over-year (YoY) from ₹313.16 lakh in Q1 2023-2024.
However, compared to the previous quarter (Q4 2023-2024), revenue saw a slight quarter-over-quarter (QoQ) decline of 7.9%, down from ₹392.16 lakh. The company's total expenses also rose, amounting to ₹339.00 lakh, marking a 33.8% YoY increase from ₹253.27 lakh, mainly due to higher material and employee costs.
Despite the rise in expenses, Fortune Foods reported a net profit of ₹22.63 lakh, up significantly from ₹7.22 lakh in Q4 2023-2024, showcasing a 213.3% QoQ growth. On a YoY basis, however, net profit dropped by 47.1%, from ₹42.82 lakh in Q1 2023-2024.
Earnings per share (EPS) for the quarter were ₹0.52, an improvement from ₹0.17 in the previous quarter, but down from ₹0.98 YoY. This mixed performance highlights Fortune Foods’ resilience amid rising costs while maintaining profitability.
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Fortune Foods Q1 Results 2024-2025
Fortune Foods has reported its Q1 results for the financial year 2024-2025, showing a mixed performance in both revenue and profitability. While revenue grew year-over-year (YoY), there was a slight decline quarter-over-quarter (QoQ). The company has managed to improve its net profit QoQ but faced a YoY decline.
| Particulars | Q1 2024-2025 | Q4 2023-2024 | Q1 2023-2024 |
|---|---|---|---|
| Revenue from Operations | ₹361.01 lakh | ₹392.16 lakh | ₹313.16 lakh |
| Total Income | ₹362.01 lakh | ₹396.44 lakh | ₹313.16 lakh |
| Total Expenses | ₹339.00 lakh | ₹370.17 lakh | ₹253.27 lakh |
| Net Profit | ₹22.63 lakh | ₹7.22 lakh | ₹42.82 lakh |
| Earnings Per Share (EPS) | ₹0.52 | ₹0.17 | ₹0.98 |
| Depreciation & Amortisation | ₹20.00 lakh | ₹17.03 lakh | ₹14.78 lakh |
| Employee Benefit Expenses | ₹81.00 lakh | ₹97.19 lakh | ₹74.36 lakh |
| Other Income | ₹1.00 lakh | ₹4.28 lakh | ₹0.00 lakh |
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Fortune Foods Current Market Overview
Fortune Foods is currently performing well in the stock market, showing strong profitability with a Return on Capital Employed (ROCE) of 25.2% and a Return on Equity (ROE) of 15.2%.
The company's stock is listed on the Bombay Stock Exchange (BSE), and while its current market price fluctuates, it remains a solid player in the food industry. With a face value of ₹10 per share, Fortune Foods continues to attract investor interest due to its steady financial performance and market presence.
| Particulars | Details |
|---|---|
| Stock Exchange | BSE (Code: 519187) |
| Return on Capital Employed (ROCE) | 25.2% |
| Return on Equity (ROE) | 15.2% |
| Face Value | ₹10.0 |
| Stock Price | Fluctuating |
Q1 Results
The quarterly results for Fortune Foods for the periods ending December 2023, March 2024, and June 2024. These results reflect the company's financial performance across key metrics such as sales, expenses, and profits, offering insight into recent trends in profitability and operating margins.
| Metric | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|
| Sales (₹ Crore) | 2.83 | 3.92 | 3.61 |
| Expenses (₹ Crore) | 2.74 | 3.45 | 3.19 |
| Operating Profit (₹ Crore) | 0.09 | 0.47 | 0.42 |
| OPM % | 3.18% | 11.99% | 11.63% |
| Other Income (₹ Crore) | 0.00 | 0.04 | 0.01 |
| Interest (₹ Crore) | 0.00 | 0.08 | 0.00 |
| Depreciation (₹ Crore) | 0.15 | 0.17 | 0.20 |
| Profit Before Tax (₹ Crore) | -0.06 | 0.26 | 0.23 |
| Tax % | -16.67% | 73.08% | 0.00% |
| Net Profit (₹ Crore) | -0.06 | 0.07 | 0.23 |
About Fortune Foods
Fortune Foods is a well-known company in the food industry, offering a wide range of products including cooking oils, spices, and other food essentials. The company is committed to providing high-quality, healthy, and affordable food products to its customers.
Over the years, Fortune Foods has become a trusted brand in many households, known for its focus on innovation, purity, and customer satisfaction. With a strong presence in both domestic and international markets, the company continues to grow and expand its product offerings to meet the evolving needs of consumers.
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Fortune Foods Q1 Results- FAQs
1. What is the revenue from operations for Fortune Foods in Q1 2024-2025?
Fortune Foods reported revenue from operations of ₹361.01 lakh in Q1 2024-2025.
2. How much did Fortune Foods’ revenue decline from Q4 2023-2024 to Q1 2024-2025?
Fortune Foods' revenue declined by 7.9% from ₹392.16 lakh in Q4 2023-2024 to ₹361.01 lakh in Q1 2024-2025.
3. What was Fortune Foods' net profit in Q1 2024-2025?
Fortune Foods’ net profit for Q1 2024-2025 was ₹22.63 lakh.
4. How much did Fortune Foods’ net profit increase from Q4 2023-2024 to Q1 2024-2025?
Fortune Foods’ net profit increased from ₹7.22 lakh in Q4 2023-2024 to ₹22.63 lakh in Q1 2024-2025.
5. What are the total expenses for Fortune Foods in Q1 2024-2025?
Fortune Foods’ total expenses for Q1 2024-2025 were ₹339.00 lakh.
6. How much did Fortune Foods' total expenses rise compared to Q1 2023-2024?
Fortune Foods’ total expenses rose from ₹253.27 lakh in Q1 2023-2024 to ₹339.00 lakh in Q1 2024-2025.
7. What was the Earnings Per Share (EPS) for Fortune Foods in Q1 2024-2025?
The EPS for Fortune Foods in Q1 2024-2025 was ₹0.52.
8. How much did the EPS of Fortune Foods improve from Q4 2023-2024 to Q1 2024-2025?
Fortune Foods’ EPS improved from ₹0.17 in Q4 2023-2024 to ₹0.52 in Q1 2024-2025.
9. What was Fortune Foods’ total income in Q1 2024-2025?
Fortune Foods’ total income for Q1 2024-2025 was ₹362.01 lakh.
10. How much did Fortune Foods spend on employee benefits in Q1 2024-2025?
Fortune Foods spent ₹81.00 lakh on employee benefits in Q1 2024-2025.