ADF Foods Limited is an India-based company engaged in the business of Meal Accompaniments, Canned Food & Ready to Eat, and Frozen Foods. The company's product portfolio includes ready-to-eat food, ready-to-cook food, frozen food, frozen vegetables, cooking pastes, and food accompaniments such as pickles, sauces, and chutneys. The ADF Brand Story began in 1932, serving the community with diverse food products. ADF Foods started as a small retail store by the name American Dry Fruits, in Kala Ghoda, one of Mumbai's most iconic neighborhoods.
ADF Foods is a leading global food manufacturing company and distributor with a presence in over 55 countries. Their product offerings include delicious sauces, pickles, chutneys, pastes, ready-to-cook, ready-to-eat products, and frozen foods for consumers around the world. What started as a humble venture in 1932 has evolved into one of the world's largest food processing companies, transforming from a small retail store selling dry fruits and nuts into a major food processing company manufacturing ethnic Indian pickles, chutneys, canned foods, frozen foods, and spices.
ADF Foods' extensive brand family, which spans Ashoka, ADF Soul, Camel, Aeroplane, Truly Indian, and Khansaama, has been catering to native and international palates for close to a century. The company's reach extends from Asia & the Middle East to the islands of Great Britain, the coast of Australia, from the land of the Kiwis to the United States of America, connecting food lovers everywhere. As one of the leading food distribution companies for ethnic foods, they bring the authentic taste of home to food lovers in 55 countries, with 400+ products across 8 brands.
The company's brands include Ashoka, Camel, Aeroplane, Khansaama, and Truly Indian, with a global presence featuring distributor networks in Asia, Australia, New Zealand, North America, South Africa, the Middle East, and Europe. The brand Ashoka includes ready-to-eat curries, Frozen Foods, Pickles, and Condiment pastes. The flagship brand, Ashoka, offers a wide range of products catering to the Indian expatriate market, providing a taste of home for those living abroad. In addition to serving the Indian diaspora, ADF Foods has diversified its product lines to meet the culinary needs of other consumer segments. Brands like Camel & Aeroplane are designed for the Arab diaspora, while Soul targets urban Indian customers with meal accompaniments, pastes, and sauces designed to align with contemporary preferences.
The market capitalization of ADF Foods Ltd (ADFFOODS) is ₹2,993.01 Crore as of June 11, 2025. The company has demonstrated mixed financial performance in recent quarters, with varying results across different periods.
• Annual Sales (FY2024-25): Rose 13.31% to ₹589.58 crore compared to ₹520.33 crore in FY2023-24.
• Annual Net Profit (FY2024-25): Declined 8.01% to ₹69.26 crore compared to ₹75.29 crore in FY2023-24.
• Q4 FY2024-25 Sales: Rose 3.54% to ₹159.07 crore compared to ₹153.63 crore in Q4 FY2023-24.
• Q4 FY2024-25 Net Profit: Declined 36.43% to ₹16.44 crore compared to ₹25.86 crore in Q4 FY2023-24.
• Market Capitalization: ₹2,993.01 Crore (as of June 11, 2025).
• Promoter Holding: 36.13% (as of March 2025).
ADF Foods announced that the Board of Directors at its meeting held on May 14, 2025, recommended a final dividend of ₹0.6 per equity share (i.e., 30%), subject to the approval of the shareholders. The dividend of ₹0.60/share was recommended for FY2024-25. The current dividend yield of ADF Foods Ltd (ADFFOODS) is 0.46%.
The 52-week high of ADF Foods Ltd (ADFFOODS) is ₹353.95 and the 52-week low is ₹209.11. Promoter holding in ADF Foods Ltd has gone down to 36.13% as of March 2025 from 36.32% as of June 2024.
ADF Foods' state-of-the-art manufacturing facilities are equipped with best-in-class technology. Their operations, handled by a highly skilled team, maintain stringent quality and safety protocols. The new manufacturing plant at Nadiad became fully functional in 2015, significantly expanding the company's capabilities. The company has strategically expanded its manufacturing infrastructure to meet growing global demand while consistently upholding high-quality standards.
Bimal Thakkar is the current CEO of ADF Foods. Incorporated on August 27, 1990, ADF Foods Ltd (formerly known as American Dry Fruits Limited) went public in October 1991. The company was promoted by Hariram Mewawala, Ramesh Thakkar, and Kishore Thakkar. The company has maintained strong corporate governance practices and continues to be led by experienced management with deep industry knowledge.
ADF Foods distinguishes itself in the food industry through its commitment to putting Indian food on the world map. Its wide-ranging presence across the complete value chain, from sourcing the best ingredients to manufacturing and distribution, ensures the highest quality standards are maintained. The brand's diverse product portfolio, coupled with certifications and accreditations, further solidifies its unique value proposition.
The company continues to focus on innovation and expansion, with recent product launches including various new products like baked snacks, a range of flavored milk drinks called Badamazaa, and a range of pastes under Ashoka and Camel brands during 2018-19. ADF Foods remains committed to serving the global diaspora while expanding its reach to new markets and consumer segments through strategic brand positioning and product innovation. The company's strong brand portfolio and extensive global distribution network position it well for continued growth in the ethnic food market.
