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Mishtann Foods Revenue Grows 30% YoY

Mishtann Foods reports a significant 30% year-over-year growth in revenue for Q1FY25, reaching Rs. 382.67 crore, underscoring efficient management.

by Damodharan N

Updated Jul 15, 2024

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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.  

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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.


Mishtann Foods Revenue Grows 30% YoY - FAQs

1. What does FY25 refer to?   

FY25 stands for Financial Year 2024-2025, covering the period from April 1, 2024, to March 31, 2025.

2. How much did Mishtann Foods' revenue grow in Q1FY25?   

Mishtann Foods reported a 30% year-over-year growth in revenue, reaching Rs. 382.67 crore in Q1FY25.

3. What is EBITDA and how did Mishtann Foods perform in Q1FY25?   

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. Mishtann Foods achieved an EBITDA of Rs. 72.69 crore in Q1FY25.

4. Did Mishtann Foods' Profit After Tax (PAT) increase in Q1FY25?   

Yes, Mishtann Foods recorded a 3% year-over-year increase in Profit After Tax (PAT) to Rs. 71.30 crore in Q1FY25.

5. What sectors is Mishtann Foods expanding into?  

Mishtann Foods is expanding into sustainable sectors such as grain-based ethanol and electric vehicle components.

6. How is Mishtann Foods supporting sustainable agriculture?  

Mishtann Foods supports sustainable agriculture by promoting eco-friendly farming practices among local farmers.

7. What market advantage does Mishtann Foods have?   

Mishtann Foods benefits from its strategic location near ports, which gives it a cost advantage in export markets.

8. Which markets are driving the increase in Mishtann Foods' Basmati rice exports?

Mishtann Foods' Basmati rice exports are primarily driven by strong demand from West Asian markets like Saudi Arabia and Iraq.

9. What is the current share price trend of Mishtann Foods following the Q1FY25 results?   

The share price of Mishtann Foods showed a positive trend with fluctuations between 16.5 and 17.5, indicating investor interest post-announcement.

10. How active is the trading of Mishtann Foods shares post Q1FY25 results?   

There is significant trading activity with notable buy and sell orders, reflecting strong investor engagement following the financial results.

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