Brands
Krishival Foods’ Q3 profit jumps to Rs 6.41 crore
Revenue rises to Rs 76.86 crore as margins expand to 15.01 per cent
MUMBAI: Krishival Foods Limited has posted a sharp jump in revenue and profits for the quarter ended 31 December 2025, as festive demand, operating leverage and an unexpected winter surge in ice cream sales lifted margins.
The Mumbai-based FMCG company reported unaudited revenue of Rs 76.86 crore for the third quarter, up 40 per cent year on year. Ebitda rose 263 per cent to Rs 11.54 crore, with margins expanding to 15.01 per cent. Net profit climbed to Rs 6.41 crore from Rs 0.05 crore a year earlier.
For the nine months ended December, total revenue reached Rs 197.57 crore, nearing the Rs 202 crore reported for the full previous financial year.
The standout performer was Melt N Mellow, the company’s ice cream business, which turned profitable at the Pat level for the first time despite the winter season. Quarterly revenue more than doubled to Rs 21.01 crore, while Pat swung to a profit of Rs 0.58 crore from a loss of Rs 2.33 crore a year ago.
The core Krishival Nuts business continued to anchor growth, buoyed by festive and wedding-season demand. Quarterly revenue rose 14.7 per cent to Rs 54.82 crore, while nine-month revenue increased 22 per cent to Rs 147.19 crore. Segment Pat for the quarter surged 146 per cent to Rs 5.88 crore.
To fund expansion, the company recently closed a Rs 9,999.48 lakh rights issue, offering 45 shares for every 301 held. Proceeds will be used to set up a new processing facility in Kolhapur, Maharashtra, aimed at quadrupling daily nut processing capacity from 10 metric tonnes to 40 metric tonnes over three years.
Krishival has also expanded its retail footprint, with more than 10,000 nut touchpoints across 110 cities, over 26,000 ice cream outlets, and nearly 9,900 deep freezers deployed across five states. Internationally, the company has entered Singapore, where it is present in more than 300 retail outlets.
Chairman Sujit Bangar described the period as a strategic inflection point, as the company scales its dual-brand portfolio positioned around premium-yet-accessible snacking.
Brands
Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI: Jubilant FoodWorks Limited has landed in a tax tussle after receiving a GST demand of Rs 47.5 crore from the office of the additional commissioner of CGST and central excise in Thane, Maharashtra.
The order, issued under the provisions of the Central Goods and Services Tax Act, 2017, relates to an alleged incorrect classification of certain services under the category of restaurant services. According to the tax authorities, this classification resulted in a short payment of goods and services tax for the period between the financial years 2019-20 and 2021-22.
The demand includes Rs 47.5 crore in GST along with an equal amount as penalty, in addition to applicable interest. The order was received by the company on March 13, 2026.
In a regulatory filing to the BSE Limited and the National Stock Exchange of India Limited, the company said it disagrees with the order and believes its arguments were not adequately considered.
The company is preparing to challenge the decision and plans to file an appeal. It added that once the redressal process is complete, the demand is likely to be dropped.
Despite the sizeable figure attached to the notice, the company said it does not expect any material impact on its financials, operations or other activities.
The disclosure was signed by Suman Hegde, EVP and chief financial officer, who confirmed that the company received the order at 19:06 IST on March 13 and has already initiated steps to contest it.
The development places the quick service restaurant major in the middle of a tax debate that could hinge on how certain restaurant-linked services are classified under GST rules. For now, the company appears ready to take the matter from the tax office to the appeals desk.
