NHC Foods reported a sharp improvement in its September-quarter performance, with profit rising more than 16-fold to ₹21.68 crore and total income jumping 333% year-on-year to ₹451.32 crore. The company has also approved the acquisition of a 99.98% stake in Sachmaas Foods.
Mumbai, November 12 — NHC Foods Ltd reported a more than 16-fold year-on-year jump in profit to ₹21.68 crore for the September quarter, driven by strong growth in its agricultural commodities and spices business.
The company had reported a profit of just ₹1.34 crore in the corresponding quarter of the previous financial year, according to a company statement.
Total income during the quarter surged 333% to ₹451.32 crore, compared with ₹104.09 crore in the same period a year earlier.
H1 profit rises nearly 13-fold
NHC Foods also reported strong financial growth for the first six months of FY27.
The company’s total income for the first half increased 282% year-on-year to ₹821.45 crore, compared with ₹214.68 crore during the corresponding period last year.
Profit for the six-month period jumped nearly 13-fold to ₹38.68 crore, against ₹3.01 crore a year earlier.
Managing Director Satyam Joshi said the company was encouraged by its performance during the quarter and first half and remained focused on sustaining the growth momentum.
The company’s strategy includes expanding operations and strengthening its presence in the agri-commodities and food processing sectors.
NHC Foods to acquire Sachmaas Foods
Alongside its quarterly results, NHC Foods announced another significant development.
The company’s board has approved the acquisition of a 99.98% stake in Sachmaas Foods.
Sachmaas Foods is engaged in the manufacturing, processing, repacking and trading of chickpeas, peanuts and other food products through wholesale and retail channels.
NHC Foods expects the acquisition to strengthen its product portfolio and expand its presence in the food-processing sector.
New appointments announced
The company’s board also approved key management appointments.
Jayesh Shah, who has more than 15 years of experience in the food processing and FMCG sectors, has been appointed as an Additional Director.
The board also appointed Alesha Hakim Khan as Company Secretary and Compliance Officer.
NHC Foods is an exporter of agricultural commodities and spices. The sharp rise in income and profit, combined with the proposed Sachmaas Foods acquisition, reflects the company’s efforts to expand its operations and strengthen its position in food processing.
