Sundrop Brands Limited, formerly known as Agro Tech Foods Limited until March 2025, is an established Indian food processing company incorporated in 1986 and based in Gurugram, India. The company primarily engages in the manufacturing and trading of edible oils and food products and is listed on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). Sundrop Brands shares its passion for food with Indian home chefs through superior quality products with traditional flavors. The company manufactures, markets, trades, and sells food products and edible oils in India and internationally. Its offerings include ready-to-cook snacks such as instant, microwave, and diet popcorn under the ACT II brand, as well as sweet corn, kits, and sauces; ready-to-eat popcorn and gift boxes under the ACT II brand; extruded snacks and nachos; cereal snacks, chocolate confectionery products, peanut spreads and butters, choco spreads, dips, edible oils, oats, and almonds under the Sundrop brand.
The company's foods portfolio comprises five categories:
- Ready to Cook Snacks: Instant popcorn, microwave popcorn, diet popcorn, sweet corn, kits, and sauces.
- Ready to Eat Snacks: Popcorn, extruded snacks, nachoz, and peanuts and chana.
- Spreads: Peanut butter, peanut spreads, choco spreads, and hummus.
- Breakfast Cereals: Oats and almonds.
- Chocolates: Duo Coconut, Duo Peanuts, and a Duo Gift Box.
The Foods Business represented 55% of revenue in FY24, an increase from 44% in FY22, highlighting the company's strategic focus on expanding its food products segment. The company's staples include edible oils such as Sundrop Heart, Sundrop Nutrifit, Sundrop Lite, and Sundrop Nutrilite.
- Market Capitalization: ₹32.49 Billion (as of July 9, 2025). The market cap has increased by 80.35% in the last year.
- Q3 FY25 (December 2024) Performance: Revenue of ₹207.92 Crores and Net Profit of ₹3.91 Crores.
- Net profit jumped 55.16% year-on-year for Q3 FY25.
- Consolidated Performance (Quarter ended March 2025): Reported a loss of ₹114.05 Crores on a total income of ₹305.48 Crores.
- Full Year FY24 Performance: Posted a profit of ₹10.41 Crores on a total income of ₹759.67 Crores.
The foods business has grown by 11% between FY22 and FY24, driven by volume growth in ACT II products in the ready-to-eat snacks segment and the introduction of new segments like chocolate confectionery and breakfast cereals.
- Acquisition of Del Monte Foods Limited: This acquisition is expected to provide a significant platform for profitable growth.
- Strategic Goals:
- Grow the business at scale by leveraging existing capacities to improve manufacturing efficiency, leading to gross margin expansion.
- Focus on driving growth in more profitable categories.
- Leverage synergies between Sundrop and Del Monte.
- Aim to achieve closer to double-digit margins over the next 3 to 5 years.
- Financial Strength Rank: 8, indicating strong financial health and a low likelihood of distress.
- Z-Score: 6.01, placing the company in "Safe Zones" with a strong Z-score.
- Debt: The company has significantly reduced debt and is almost debt-free.
- Debt to Equity Ratio: 0.03, indicating minimal reliance on debt financing, which lowers risk for equity shareholders.
- Working Capital: Working capital requirements have reduced from 69.5 days to 46.8 days, signifying improved operational efficiency.
- 52-Week High: ₹1,152 (November 11, 2024)
- 52-Week Low: ₹685 (April 7, 2025)
- Recent Performance (BSE):
- Last 1 month: +7.32%
- Last 3 months: +10.24%
- Last 12 months: +29.48%
- Promoter Holding: Decreased to 33.92% as of March 2025 from 51.77% as of September 2024.
- Management:
- Nitish Bajaj: Managing Director & Additional Director
- Jyoti Chawla: Company Secretary & Compliance Officer
Sundrop Brands continues to focus on strengthening its position in the Indian food products market through strategic acquisitions, operational improvements, and the expansion of its product portfolio across multiple categories.
