Mishtann Foods Revenue Grows 30% YoY

Mishtann Foods Ltd., a leading agro-food product company based in India, has reported robust financial results for the first quarter of FY25. The company's revenue from operations surged by 30% year-over-year to Rs. 382.67 crore.

This growth, highlighted in their recent board meeting, underscores Mishtann Foods' strategic expansion and efficient operational management. The company also achieved stable EBITDA at Rs. 72.69 crore and a 3% increase in Profit After Tax (PAT) to Rs. 71.30 crore.

We are pleased to present our financial results for Q1FY25, which underscore a robust performance and strategic growth trajectory," commented Mishtann Foods management. The company's proactive expansion into sustainable sectors like grain-based ethanol and electric vehicle components reflects their steadfast commitment to sustainability and environmental responsibility.

Furthermore, Mishtann Foods is strategically positioned to benefit from the substantial increase in India’s Basmati rice exports. Recent industry data revealing a 13% rise, fueled by strong demand from key West Asian markets such as Saudi Arabia and Iraq, highlights the company's advantageous market position.

"We remain dedicated to delivering long-term value to our stakeholders while driving innovation," affirmed Mishtann Foods management.

Read the full Release Here

Market Reaction 

The Mishtann Foods financial results for the first quarter of FY25. the share price and market depth showed trend movement till 10.30 AM on BSE

Share Price Movement:

• The share price fluctuated between 16.5 and 17.5.
• It opened at around 16.5 and reached a peak of approximately 17.5 before slightly declining.
• This indicates a positive trend overall, with a noticeable rise from the opening price.

Market Depth:

• There are significant buy and sell orders around the 17.25 to 17.35 price range.
• The highest buy order is at 17.22 for 5,000 shares, and the highest sell order is at 17.35 for 380 shares.
• The total buy quantity is 25,54,990 shares, and the total sell quantity is 27,12,892 shares, showing more interest in selling than buying.

Overall, the market shows a strong interest in trading Mishtann Foods shares following the announcement, with a positive upward trend in the share price and substantial activity in both buy and sell orders.

Watch the Live share Price on BSE Here.  

Mishtann Foods

Mishtann Foods Limited (BSE: 539594) is India's leading FMCG company renowned for its focus on Basmati rice and a diverse range of agricultural products. Based near Ahmedabad in Gujarat, India, its state-of-the-art rice processing facility benefits from close proximity to ports, providing a competitive edge in export markets.

Mishtann offers a comprehensive portfolio including Raw, Sella, and Steam Basmati rice varieties, serving both wholesale and retail markets. Emphasizing sustainable agriculture.

The company promotes environmentally friendly farming practices among local farmers and ensures the freshness and nutritional integrity of its products through careful processing and packaging.