Krishival Foods reported a strong FY26 with revenue growing 48% to Rs 304.41 crore and PAT rising 64% to Rs 22.20 crore. The company successfully scaled its ice cream brand, Melt N Mellow, reaching profitability a year ahead of schedule, while doubling its nut processing capacity. With a successful migration to the NSE and BSE main boards and an expanding retail footprint of 45,000 touchpoints, the company is shifting from an investment phase to a rapid scale-up.
Krishival Foods Posts Strong FY26 Growth Following Main Board Migration
Revenue: Rs 304.41 crore (up 48% YoY) | PAT: Rs 22.20 crore (up 64% YoY)
Reader Takeaway: Strong operational scaling in ice cream and nuts offsets expansion costs; watch 'Mellow & Co.' rollout execution.
What just happened
Krishival Foods Ltd has announced robust financial results for FY 2025-26, characterized by significant growth in both its core nuts segment and the emerging ice cream business. Total revenue reached Rs 304.41 crore, compared to Rs 206.31 crore in the previous year. The company’s adjusted EBITDA grew by 66% to Rs 41.95 crore, with margins expanding to 13.78%.
Why this matters
The profitability of the 'Melt N Mellow' ice cream segment one year ahead of schedule serves as a major indicator of operational efficiency. The brand generated Rs 95.42 crore in revenue, marking a 95% year-on-year increase. Additionally, the company successfully completed a rights issue and finalized the conversion of partly paid-up shares, signaling strong capital support from shareholders.
The backstory
In a milestone year, Krishival Foods migrated from the NSE Emerge SME platform to the Main Board of both NSE and BSE on June 20, 2025. This move has increased corporate visibility and governance standards, further supported by an unmodified audit opinion from M/s. DSM and Associates.
What changes now
Capacity is set to grow significantly. The new 35,000 sq. ft. processing facility in Halkarni, Kolhapur, is now operational, doubling nut processing capacity to 20 MT per day. Management intends to scale this further to 40 MT per day over the next two years. Furthermore, the company is pivoting toward a retail-heavy strategy with plans to launch 25 'Mellow & Co.' parlours in Mumbai and Pune during FY27.
Risks to watch
As the company aggressively expands its retail footprint to over 45,000 touchpoints, maintaining margins will be critical. The transition to a franchise model (FOCO) for ice cream parlours carries inherent operational risks regarding quality control and brand consistency as the scale increases.
What to track next
Investors should monitor the revenue contribution from the upcoming 'Mellow & Co.' franchise outlets and ensure the nut processing capacity utilization remains high to justify the recent infrastructure investment.