Krishival Foods Limited, incorporated in 2014, is among India's fastest-growing FMCG companies, specializing in premium nuts, dried fruits, and ice cream. The company is in the business of processing nuts and other dry fruits, operating as a packaged food company that specializes in processing nuts and dried fruits into various flavored ones. The company operates under two distinct and rapidly expanding consumer brands: 'Krishival Nuts' – a trusted name in high-quality dry fruits and nuts, offering a diverse product range including cashews, almonds, pistachios, figs, and flavored varieties; and 'Melt N Mellow' – an emerging ice cream brand known for its unique flavors and strong retail footprint, especially in Western and Southern India.
The company has established a strong presence in the nuts and dried fruits segment, focusing on quality products that meet consumer preferences for healthy snacking options. Krishival Foods Limited processes raw cashew nuts into flavored cashew kernels distributed domestically through a network of distributors. Sourcing raw materials from Africa, Asia, and India, the company focuses on product quality to expand its market presence. Their product range includes salted, pepper, chili, and assorted cashews in various grades and packaging.
Krishival Nuts has a presence in 102+ Tier II and III cities, while there are 25,000+ retail touch-points for Melt N Mellow ice cream in Maharashtra, Karnataka, Goa, and Telangana. The company has expanded its retail footprint with flagship Krishival Nuts shoppes in Calangute (Goa), Candolim (Goa), Alibaug, and Dapoli. The company has strong e-commerce partnerships with platforms like Amazon, Flipkart, and quick-commerce leaders such as Blinkit, Zepto, and Big Basket.
The company has also ventured into international markets, with exports of 'Krishival Nuts' to Singapore with a presence in over 300 retail touch-points. This international expansion demonstrates the company's ambition to establish a global presence in the premium nuts and dried fruits segment.
Krishival Foods Ltd has a market capitalization of ₹903 crore. For the financial year ended March 31, 2025, the company demonstrated strong financial performance across both business segments.
In the Nuts and Dried Fruits segment ('Krishival Nuts'), revenue stood at ₹175 crore (up 67% YoY from ₹104 crore) with EBITDA at ₹23 crore (up 50% YoY from ₹15 crore). In the Ice Cream segment ('Melt N Mellow'), revenue was ₹51 crore (up 38% YoY from ₹37 crore) with EBITDA at ₹3 crore (up 783% YoY from ₹0.35 crore). The significant EBITDA improvement suggests operational efficiency.
For the year ended March 31, 2024, revenue from operations stood at ₹10,261.73 lakhs, as against ₹7,002.94 lakhs for the corresponding previous year, reflecting a growth of over 46.53 per cent driven by demand for its products. For the year ended 2024, Krishival Foods Ltd had posted a profit of ₹9.61 crore on a total income of ₹102.60 crore.
- Market Capitalization: ₹903 crore
- Revenue (FY2025): ₹202 crore
- Profit (FY2025): ₹13.5 crore
- Stock Trading: 6.72 times its book value
- Return on Equity (last 3 years): 10.8%
- Promoter Holding: 37.2%
- Debt Status: Almost debt-free
- Profit Growth (last 5 years CAGR): 78.4%
The company follows a strong dual-brand strategy with 'Krishival Nuts' as a premium dry fruits leader and 'Melt N Mellow' targeting aspirational ice cream consumers. The focus on aspirational consumption in underpenetrated markets is paying off. Robust growth in both legacy and newly acquired businesses bodes well for future scalability and profitability.
The company's strategic focus on Tier II and III cities has proven successful, as these markets offer significant growth potential for branded FMCG products. Strong execution of brand strategies, enhanced capacity utilization coupled with cost reduction helped Krishival to scale while maintaining profitability.
As the Ice cream business was acquired in September 2024, the financials from 22nd September 2024 to 31st March 2025 are merged in consolidated financials. This strategic acquisition has expanded the company's product portfolio and market reach in the ice cream segment.
In the quarter ending March 2024, Krishival Foods Ltd has declared a dividend of ₹0.20 – translating to a dividend yield of 0.15%. Promoter holding in Krishival Foods Ltd has gone up to 37.21 per cent as of June 2025 from 37.19 per cent as of September 2024.
The company's diversified approach across nuts, dried fruits, and ice cream segments positions it well to capitalize on the growing demand for premium food products in India's expanding consumer market.
