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 12-02-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 06-02-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Third 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 The Company is in the food business and hence as per Indian Accounting Standard 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.
Start date and time of board meeting 12-02-2026   16:50:00
End date and time of board meeting 12-02-2026   17:19:00
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



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 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 40,747.00 1,16,289.00
Other income 47.00 195.00
Total income 40,794.00 1,16,484.00
2 Expenses
(a) Cost of materials consumed 21,222.00 63,891.00
(b) Purchases of stock-in-trade 3,154.00 11,727.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 1,239.00 (1,964.00)
(d) Employee benefit expense 4,510.00 12,688.00
(e) Finance costs 68.00 137.00
(f) Depreciation, depletion and amortisation expense 795.00 2,455.00
(f) Other Expenses
1 Advertisement and sales promotion expense 2,145.00 7,208.00
2 Other expenses 6,443.00 18,947.00
Total other expenses 8,588.00 26,155.00
Total expenses 39,576.00 1,15,089.00
3 Total profit before exceptional items and tax 1,218.00 1,395.00
4 Exceptional items 0.00 0.00
5 Total profit before tax 1,218.00 1,395.00
6 Tax expense
7 Current tax 1.00 42.00
8 Deferred tax 411.00 325.00
9 Total tax expenses 412.00 367.00
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 806.00 1,028.00
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 806.00 1,028.00
17 Other comprehensive income net of taxes 8.00 37.00
18 Total Comprehensive Income for the period 814.00 1,065.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 806.00 1,065.00
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 806.00 1,065.00
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 2.13 2.73
Diluted earnings (loss) per share from continuing operations 2.13 2.73
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 2.13 2.73
Diluted earnings (loss) per share from continuing and discontinued operations 2.13 2.73
24 Debt equity ratio 0 0
25 Debt service coverage ratio 0 0
26 Interest service coverage ratio 0 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 February 12, 2026. 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 nine months ended December 31, 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. DMFPL has contributed to the Groups consolidated revenue Rs. 174.92 crores for the quarter ended December 31, 2025, Rs. 162.34 crores for quarter ended September 30, 2025 and Rs. 500.82 crores for the nine months ended December 31, 2025. Accordingly, the consolidated financial results for the quarter and nine months ended December 31, 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 for the quarter and nine months ended December 31, 2024 of Rs. 3.78 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 nine months ended December 31, 2025, the Parent Company granted additional 1,96,253 stock options and cancelled 108,846 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. 14.37 crores for the nine months ended December 31, 2025, and Rs. 6.48 crores for the quarter ended December 31, 2025. These amounts have been included under Employee Benefits Expense in the these financial results. 8. On November 21, 2025, the Government of India notified the four Labour Codes, the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health, and Working Conditions Code, 2020. The Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The Group has assessed and recorded the incremental non-recurring impact of these changes amounting to Rs. 0.95 crores as employee benefits expense. The Group continues to monitor the finalization of Central and State Rules and clarifications from the Government on other aspects of the Labour Code and would provide appropriate accounting effect on the basis of such developments as needed. 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 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 01-10-2025 01-04-2025
Date of end of reporting period 31-12-2025 31-12-2025
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 01-10-2025 01-04-2025
B Date of end of reporting period 31-12-2025 31-12-2025
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 0.00 (17.00)
Total Amount of items that will not be reclassified to profit and loss 0.00 (17.00)
2 Income tax relating to items that will not be reclassified to profit or loss 0.00 (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 8.00 49.00
Total Amount of items that will be reclassified to profit and loss 8.00 49.00
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income 8.00 37.00





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