AGRO TECH FOODS LIMITED Total Foods:
Q1
Q2
Q3
Q4
YTD
Volume
+ 28%
+ 13% + 7% +9% + 13%
Value
+ 31%
+ 14% + 10% +12% + 15%
Ready to Cook Snacks: Volume
Q1
Q2
Q3
+ 36%
+ 11%
+ 5%
Value
+ 39%
+ 12%
+ 8%Q4 +11% +17%
YTD
+ 14%
+ 17%
Ready to Cook Snacks registered steady Revenue growth driven by Volume Growth and Pricing in Popcorn, Pricing in Sweet Corn and extension into Pasta and Noodle Meal Kits.
Ready to Eat Snacks:Q1
Q2
Q3
Q4
YTD
Volume
+ 1%
+ 18% + 18%
+ 6% + 12%
Value
+ 9%
+ 15% + 32% +21%
+ 20%
RTE Snacks Revenue Growth reflects strong Volume Growth in RTE Popcorn and opening of the economy.
Spreads & Dips:
Q1
Q2
Q3
Q4
YTD
Volume
+ 12%
+ 6%
- 3%
Value
+ 15%
+ 7%
- 7%
-6% -18%
+ 1%
- 2%
Revenue decline in Spreads reflects the impact of flat Volumes in Peanut Butter for which actions have already been taken. Chocolate Spreads continued to gain consumers supported by expansion of Distribution.
Cereals:
Q1
Q2
Q3
Q4
YTD
Volume
Value
+ 82 % + 60 %
+ 55% + 21% + 7%
+ 31%
+ 36% + 9% + 5%
+ 20%
Steady QOQ growth in Breakfast Cereals. Quarterly comparisons reflect the impact of Covid19 in PY figures impacting phasing of sales.
Chocolate confectionery:Q1
Q2
Q3
Q4
YTD
Volume
+ 105% + 534%
+ 153% +163% + 190%
Value
+ 149% + 768% + 208% +254% + 275%
Sundrop Duo chocolates continue to perform well. Excellent acceptance of Peanut Variant as well. Doubling of capacity planned for Q1, FY'23.
Premium Edible Oils:Q1
Q2
Q3
Q4
YTD
Volume
- 12%
+ 4% + 11% +1%
+ 1%
Value
+ 20%
+ 36% + 35% +17% + 27%
Premium Edible Oils (Sundrop Superlite & Heart) deliver 100+ Index reflecting positive impact of price realignment in FY'21.
Mass Edible Oils:
Q1
Q2
Q3
Q4
YTD
Volume
- 71%
- 51%
- 67% -69% - 64%
Value
- 50%
- 26%
- 54% -61% - 47%
Mass Edible Oils Volumes reflect reduced dependence on the Category in line with Company Strategy. Crystal franchised from Nov-21 onwards.
PERFORMANCE HIGHLIGHTS
-Continued broad based Foods Growth in FY'22. All Categories recorded a growth in excess of 15% with the exception of Spreads where actions have been initiated by Management. Foods GM lower than PY by Rs. 13 crore due to input cost inflation.
- Premium Oils Volumes at a c 100 Index reflect impact of pricing actions taken in FY'21. Mass Oils reduction in line with strategy to ensure a dependable Revenue and Margin progression for the Company as a whole. Edible Oils GM up vs PY by Rs. 3 crore reflecting impact of Price
Realignment in FY'21.
-
ATFL thanks all its' stakeholders for their continued support as it progresses towards joining the ranks of "India's Best Performing Most Respected Food Companies".
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Disclaimer
Agro Tech Foods Limited published this content on 29 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 April 2022 02:11:03 UTC.
