Leo Dryfruits & Spices Reports Sharp Revenue Growth in FY26

Revenue rose to ₹174.24 crore from ₹87.31 crore; Profit after tax reached ₹10.54 crore.

Reader Takeaway: Robust operational scaling and new acquisitions drive growth, though investors should monitor proposed related-party transaction approvals.

What just happened

Leo Dryfruits & Spices Trading Limited has published its Annual Report for the fiscal year ending March 31, 2026. The company revealed a significant 99.6% surge in revenue alongside a 29.1% increase in net profit. Management has called for the 7th Annual General Meeting (AGM) to take place on September 29, 2026, to discuss financial results and corporate resolutions.

Why this matters

The doubling of top-line revenue indicates successful scaling in the competitive packaged food space. The acquisition of a 60% stake in STK Food Processing, which owns the 'POPMAK' brand, marks a strategic pivot. This entry into Makhana and Chana Sattu products is designed to leverage institutional supply channels like the Canteen Stores Department (CSD).

Corporate Actions

• Dividend: A final dividend of ₹0.50 per equity share (face value ₹10) is proposed.
• Remuneration: The Board seeks shareholder approval to hike the salaries of MD Kaushik Sobhagchand Shah and WTD Ketan Sobhagchand Shah to ₹18 lakh annually.
• Related Party Transactions: The firm proposes a ₹30 crore transaction limit with M/s J Ketankumar Co for the coming year.

Risks to watch

Investors should review the specific terms of the proposed ₹30 crore related-party transaction closely during the AGM. Additionally, scaling the newly acquired 'POPMAK' brand while maintaining current profit margins will be a key performance monitor for the upcoming quarters.

Context metrics

• Revenue from Operations: ₹174.24 crore (FY26) vs ₹87.31 crore (FY25)
• Profit After Tax: ₹10.54 crore (FY26) vs ₹8.16 crore (FY25)
• Basic EPS: ₹5.89 (FY26) vs ₹5.75 (FY25)