Integrated Filing — IndAS



General information about company
Scrip Code 500215
NSE Symbol SUNDROP
MSEI Symbol NOTLISTED
ISIN INE209A01019
Name of company SUNDROP BRANDS LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Date of board meeting when results were approved 12-Aug-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 06-Aug-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter First quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting Single segment
Description of single segment FOOD BUSINESS
Start date and time of board meeting 12-Aug-2025   15:00:00
End date and time of board meeting 12-Aug-2025   15:50:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party?
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.
Whether the company is a high value debt listed entity according to regulation 15 (1A)?
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?
Latest Date on which RPT policy is updated
Indicate Company website link for updated RPT policy of the Company
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
There is no default on loans and debt securities for the Quarter ended June 30,2025



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 2084000000
Other income 4200000
Total income 2088200000
2 Expenses
(a) Cost of materials consumed 1308400000
(b) Purchases of stock-in-trade 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -3400000
(d) Employee benefit expense 159900000
(e) Finance costs 1600000
(f) Depreciation, depletion and amortisation expense 37000000
(f) Other Expenses
1 Advertisement and sales promotion expense 96600000 96600000
2 Other expenses 421900000 421900000
Total other expenses 518500000
Total expenses 2022000000
3 Total profit before exceptional items and tax 66200000
4 Exceptional items 0
5 Total profit before tax 66200000
6 Tax expense
7 Current tax 600000
8 Deferred tax 16200000
9 Total tax expenses 16800000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0
11 Net Profit Loss for the period from continuing operations 49400000
12 Profit (loss) from discontinued operations before tax 0
13 Tax expense of discontinued operations 0
14 Net profit (loss) from discontinued operation after tax 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0
16 Total profit (loss) for period 49400000
17 Other comprehensive income net of taxes 0
18 Total Comprehensive Income for the period 49400000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 377000000
Face value of equity share capital 10
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 1.31
Diluted earnings (loss) per share from continuing operations 1.31
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0
Diluted earnings (loss) per share from discontinued operations 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 1.31
Diluted earnings (loss) per share from continuing and discontinued operations 1.31
24 Debt equity ratio 0
25 Debt service coverage ratio 0
26 Interest service coverage ratio 0
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results
Textual Information(1) 1. These financial results were reviewed and recommended by the Audit Committee and approved by the Board of Directors of Sundrop Brands Limited, the Parent Company or the Company, at their meetings held on August 12, 2025. 2 These results have been prepared in accordance with Indian Accounting Standards, Ind AS, prescribed under Section 133 of the Companies Act, 2013, read with the relevant rules issued thereunder and are as per Regulation 33 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, as amended. The statutory auditors have carried out a limited review of these results for the quarter ended June 30, 2025 and have issued an unmodified report on these results. 3. The consolidated financial results include the results of the Company and its wholly owned subsidiaries i Sundrop Foods India Private Limited, India ii Agro Tech Foods Bangladesh Pvt. Ltd., Bangladesh iii Sundrop Foods Lanka Private Limited, Sri Lanka iv Del Monte Foods Private Limited, DMFPL, India and step down wholly owned subsidiary v Del Monte Foods India North Private Limited, India, together referred to as the Group. 4. The Group acquired 100 percent equity shares and voting interest of DMFPL on February 6, 2025, being acquisition date. It has contributed revenue for the quarter ended June 30, 2025 of Rs. 163.56 Crores and of Rs. 104.44 Crores quarter ended 31, March 2025 for two months i.e Feb 2025 and March 2025 to the consolidated revenue of the Group. Accordingly, the consolidated financials result for the quarter ended June 30, 2024 are not comparable. 5. i. The Company has accrued provision for impairment of Rs. 70.57 crores related to identified three cash generated units, CGUs, and impairment provision of Rs. 65.47 crores related to specified property, plant and equipments pertaining to certain products not expected to continue and where the Management will initiate process of disposal in due course. ii. The Company has incurred business acquisition related costs of Rs. 5.16 crores, Rs 1.38 crores for the quarter ended March 31, 2025 on legal and professional, due diligence costs and other fees. iii. Provision for duty paid under protest for Custom Duty related litigation of Rs. 5.55 crores. 6. The figures for the quarter ended March 31, 2025 are balancing figures between the audited figures of the full financial year ended March 31, 2025 and the published year to date figures up to third quarter ended December 31, 2024. 7. In the context of Indian Accounting Standard, Ind AS 108, Operating Segments, Foods is considered as the operating segment of the Group since the Chief Operating Decision Maker, CODM, reviews business performance at an overall Group level as one segment. 8. On June 7, 2025, the Group has granted 13,81,504 employee stock options to eligible employees of parent and its subsidiaries companies. Subsequent to quarter, the Group granted additional 1,96,253 stock options and cancelled 97,346 stock options granted on June 7, 2025. The exercise prices are Rs. 809 and Rs. 515 per Option which is depending upon time, performance based and level of employees. The Group has accrued charges of Rs. 1.50 Crores towards aforesaid share based payment included in Employee benefits expenses for the quarter ended June 30, 2025. 9. The above financial results are also available at the Stock Exchanges website i.e. www.bseindia.com, www.nseindia.com and the Companys website www.sundropbrands.com.



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2025
Date of end of reporting period 30-Jun-2025
Whether accounts are audited or unaudited Unaudited
Nature of report standalone or consolidated Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss
5 Total Other comprehensive income





Details of Impact of Audit Qualification
Whether results are audited or unaudited Unaudited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 B S R and Co Yes 30-Apr-2026