Foods & Inns reports strong Q2 sales growth, export sales jump 40%

Foods & Inns Limited reported a 25.7% year-on-year growth in Q2 FY'26 sales tonnage, reaching 20,737 MT. This was largely fueled by a sharp 40% increase in export sales and a healthy 17% rise in domestic sales. Overall sales in Q2 FY'26 grew by 17% to ₹185 Crores. For the half year, total sales tonnage increased by 16% to 50,775 MT, with exports up 24% and domestic sales up 14%.

Despite the strong sales performance, the company recognized an MTM forex loss of ₹5.46 crore during the quarter, attributed to currency fluctuations on outstanding exposures. This is an accounting mark-to-market impact and not a realized cash loss. Kusum Spices, a subsidiary, delivered a stable performance, supported by retail distribution expansion and strong consumer response.

Strategic initiatives include expanding spray-drying capacity with a new mid-size plant and growth in frozen food volumes, up 39% year-on-year for Q2 FY'26. The company is also seeing expansion in international markets for Tetra Recart products, with new exports to Germany, Canada, and North America. Fruit & vegetable pulps show a promising export market outlook due to competitive Totapuri prices and significant volume commitments for tomato paste.