NHC Foods reports 333% quarterly rise in total income to Rs 451.32 crore and over 16-fold jump in profit

For the first half of FY27, NHC Foods posted total income of Rs 821.45 crore, an increase of 282 per cent from Rs 214.68 crore a year earlier. Profit rose nearly 13-fold to Rs 38.68 crore, compared with Rs 3.01 crore in the year-ago period.

Mumbai: NHC Foods, an exporter of agricultural commodities and spices, reported a sharp improvement in financial performance for the September quarter, with total income rising 333 per cent year-on-year to Rs 451.32 crore and profit surging more than 16-fold to Rs 21.68 crore. The company had reported total income of Rs 104.09 crore and profit of Rs 1.34 crore in the corresponding quarter of the previous financial year, according to a company statement. Commenting on the performance, Managing Director Satyam Joshi said, “We are encouraged by the strong performance this quarter and in the first half and remain focused on sustaining this growth momentum. Our strategy is centred on expanding our operations, strengthening our presence in the agri commodities and food processing sectors, and pursuing opportunities that complement our capabilities. We remain committed to creating long-term value for our stakeholders.” Separately, the company’s board approved the acquisition of a 99.98 ...