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 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 12-11-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 06-11-2025
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second quarter
Nature of report standalone or consolidated Consolidated
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 Unaudited
Segment Reporting Single segment
Description of single segment FOOD BUSINESS
Start date and time of board meeting 12-11-2025   15:45:00
End date and time of board meeting 12-11-2025   16:30:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS

Amount in (Lakhs)

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 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 38,330.00 75,542.00
Other income 56.00 148.00
Total income 38,386.00 75,690.00
2 Expenses
(a) Cost of materials consumed 22,354.00 42,669.00
(b) Purchases of stock-in-trade 5,003.00 8,573.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (3,351.00) (3,203.00)
(d) Employee benefit expense 4,480.00 8,178.00
(e) Finance costs 33.00 69.00
(f) Depreciation, depletion and amortisation expense 804.00 1,660.00
(f) Other Expenses
1 Advertisement and sales promotion expense 2,774.00 5,063.00
2 Other expenses 6,678.00 12,504.00
Total other expenses 9,452.00 17,567.00
Total expenses 38,775.00 75,513.00
3 Total profit before exceptional items and tax (389.00) 177.00
4 Exceptional items 0.00 0.00
5 Total profit before tax (389.00) 177.00
6 Tax expense
7 Current tax 21.00 41.00
8 Deferred tax (201.00) (86.00)
9 Total tax expenses (180.00) (45.00)
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations (209.00) 222.00
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period (209.00) 222.00
17 Other comprehensive income net of taxes 21.00 29.00
18 Total Comprehensive Income for the period (188.00) 251.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent (188.00) 251.00
Total profit or loss, attributable to non-controlling interests 0.00 0.00
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent (188.00) 251.00
Total comprehensive income for the period attributable to owners of parent non-controlling interests 0.00 0.00
21 Details of equity share capital
Paid-up equity share capital 3,770.00 3,770.00
Face value of equity share capital 10 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 -0.56 0.59
Diluted earnings (loss) per share from continuing operations -0.56 0.59
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -0.56 0.59
Diluted earnings (loss) per share from continuing and discontinued operations -0.56 0.59
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
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 November 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 and half year ended September 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 v Del Monte Foods India North Private Limited, India, step down wholly owned subsidiary together referred to as the Group. 4. The Parent Company acquired 100 percent equity shares and voting interest of DMFPL on February 6, 2025, being acquisition date. It has contributed revenue of Rs. 162.34 Crores and of Rs. 163.56 Crores for the quarter ended September 30, 2025 and June 30, 2025 respectively to the consolidated revenue of the Group. Accordingly, the consolidated financial results for the quarter and half year ended September 30, 2024 are not comparable. 5. Exceptional items for the year ended March 31, 2025 include following 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 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. 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. 7. On June 7, 2025, the Parent Company has granted 13,81,504 employee stock options to eligible employees of parent and its subsidiaries companies. During the quarter ended 30 September 2025, the Parent Company 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 recognized share-based payment expenses amounting to Rs. 7.89 crores for the half-year ended September 30, 2025, and Rs. 6.39 crores for the quarter ended September 30, 2025. These amounts have been included under Employee Benefits Expense in these financial results. 8. The above financial results are also available at the Stock Exchanges website i.e. www.bseindia.com, www.nseindia.com and the Company's website www.sundropbrands.com.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 30-09-2025
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 39,280.00
Capital work-in-progress 253.00
Investment property 0.00
Goodwill 58,199.00
Other intangible assets 31,336.00
Intangible assets under development 0.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 12.00
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets 757.00
Total non-current financial assets 769.00
Deferred tax assets (net) 7,111.00
Other non-current assets 1,880.00
Total non-current assets 1,38,828.00
2 Current assets
Inventories 20,664.00
Current financial asset
Current investments 870.00
Trade receivables, current 10,551.00
Cash and cash equivalents 1,504.00
Bank balance other than cash and cash equivalents 158.00
Loans, current 0.00
Other current financial assets 760.00
Total current financial assets 13,843.00
Current tax assets (net) 0.00
Other current assets 8,200.00
Total current assets 42,707.00
3 Non-current assets classified as held for sale 0.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 1,81,535.00
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 3,770.00
Other equity 1,41,109.00
Total equity attributable to owners of parent 1,44,879.00
Non controlling interest 0.00
Total equity 1,44,879.00
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 0.00
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities 998.00
Total non-current financial liabilities 998.00
Provisions, non-current 984.00
Deferred tax liabilities (net) 9,508.00
Deferred government grants, Non-current 0.00
Other non-current liabilities 0.00
Total non-current liabilities 11,490.00
Current liabilities
Current financial liabilities
Borrowings, current 0.00
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 1,687.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 18,266.00
Total Trade payable 19,953.00
Other current financial liabilities 3,180.00
Total current financial liabilities 23,133.00
Other current liabilities 1,241.00
Provisions, current 612.00
Current tax liabilities (Net) 180.00
Deferred government grants, Current 0.00
Total current liabilities 25,166.00
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 36,656.00
Total equity and liabilites 1,81,535.00
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

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 01-07-2025 01-04-2025
Date of end of reporting period 30-09-2025 30-09-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
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

Amount in (Lakhs)

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 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurement of the net defined benefit obligation -1700000 -1700000
Total Amount of items that will not be reclassified to profit and loss (17.00) (17.00)
2 Income tax relating to items that will not be reclassified to profit or loss (5.00) (5.00)
3 Amount of items that will be reclassified to profit and loss
1 Exchange differences in translating the financial statements of foreign subsidiaries 3300000 4100000
Total Amount of items that will be reclassified to profit and loss 33.00 41.00
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income 21.00 29.00



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 30-09-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 177.00
Adjustments for reconcile profit (loss)
Adjustments for finance costs 69.00
Adjustments for decrease (increase) in inventories (1,203.00)
Adjustments for decrease (increase) in trade receivables, current (740.00)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (3,112.00)
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current (310.00)
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 1,659.00
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 101.00
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 1,660.00
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 42.00
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 0.00
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 5.00
Adjustments for dividend income 0.00
Adjustments for interest income 40.00
Adjustments for share-based payments 789.00
Adjustments for fair value losses (gains) (54.00)
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 15.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (1,119.00)
Net cash flows from (used in) operations (942.00)
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 82.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities (1,024.00)
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 3.00
Purchase of property, plant and equipment 640.00
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 32.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (1,355.00)
Net cash flows from (used in) investing activities (1,960.00)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 0.00
Repayments of borrowings 0.00
Payments of lease liabilities 204.00
Dividends paid 0.00
Interest paid 31.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities (235.00)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (3,219.00)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 16.00
Net increase (decrease) in cash and cash equivalents (3,203.00)
Cash and cash equivalents cash flow statement at beginning of period 4,707.00
Cash and cash equivalents cash flow statement at end of period 1,504.00





Details of Impact of Audit Qualification

Amount in (Lakhs)

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 BSR and Co Yes 30-04-2026