Hindustan Foods achieves Rs2,000 crore revenue milestone for FY22; Stock zooms 5%

23 May 2022 , 09:21 AM

Hindustan  Foods  Limited,  India’s  most  diversified  FMCG  contract  manufacturers has announced  their  audited financial results, for the quarter and year ending March 31, 2022 .

Key Standalone Financial Highlights for FY22 are as follows:

• Revenues increased by 44% to Rs2,026.0 crore in FY22 from Rs1,409.9 crore in FY21
• EBITDA grew by 30% to Rs120.4 crore in FY22 from Rs92.8 crore in FY21
• PBT increased by 41% to Rs76.9 crore in FY22 from Rs54.5 crore in FY21

Key Standalone Financial Highlights for Q4 FY22 are as follows:

• Revenues increased by 15% to Rs563.3 crore in Q4FY22 from Rs491.9 crore in Q4FY21
• EBITDA grew by 7% to Rs32.3 crore in Q4FY22 from Rs30.3 crore in Q4FY21
• PBT increased by 7% to Rs22.0 crore in Q4FY22 from Rs20.6 crore in Q4FY21

Commenting on the results, Sameer R. Kothari, Managing Director said, “I am quite pleased  with the performance of our business model that has been tested in this quarter, hit by high inflation  and slowing demand. I am happy that in spite of the headwinds, we have achieved our revenue  target of INR 2,000 crores having grown by more than 70% CAGR over the last 5 years.

Looking at the future, our Ice Cream project at Uttar Pradesh has commenced commercial  production. Commencement of this facility and the successful integration of the Beverages business  opens doors to the multibillion‐dollar+ F&B market in addition to our existing categories of Home  Care, Personal Care, Healthcare & Wellness.

The Ice Cream project is also a testament to our ability to diversify across product categories and  bring the same emphasis on execution across geographies. Along with Ice Cream, our recent addition  to the product portfolio from the entire Color Cosmetics line to Oral Care to Foot Care vindicates our  ambition to be the most diversified FMCG contract manufacturer in the country.

We are confident that our customers will look at our track record of executing greenfield projects  flawlessly and integrating the acquisitions seamlessly and continue to propel us towards our next  goal of achieving the target of Rs4,000 crore of turnover by FY25.”

At around 9:22 AM, Hindustan Foods was trading at Rs2,005 apiece up by Rs95.6 or 5.01% on the BSE.