Foods & Inns Limited

99.99%

, Guava, Papaya apart from Tomato Paste, Natural Fruit & Vegetable Powders. The company became a 99.99% partner in Kusum spices (Spice brand established in 1972) from the 2nd of October 2019 and has con

Rs.40,000

2019 and has consequently widened its offerings in the foods segment. The Indian spice market is ~ Rs.40,000cr industry (Source: APEDA) The company owns brands/trademarks such as Madhu - (Fruit Pulp), Green

95%

ing to address its disposal and convert into pectin which has a huge potential in India given that 95% of India’s pectin requirement is imported. The joint venture company is named Beyond Mango Pvt. Lt

75%

uction season. Despite that our production has almost doubled from the levels seen in FY’20-21 and 75% higher as compared to FY’19-20 due to expansion of our capacities organically and inorganically. W

62%

FY'22 Q3 FY'21 YoY Growth Q3 FY'20 9M FY'22 FY'21 FY'20 14,568 6,079 8,489 9,012 4,888 4,123 62% 24% 106% 9,489 6,099 3,390 52,576 19,145 33,431 46,220 20,250 25,970 54,848 23,798 31,050 Sa

24%

Q3 FY'21 YoY Growth Q3 FY'20 9M FY'22 FY'21 FY'20 14,568 6,079 8,489 9,012 4,888 4,123 62% 24% 106% 9,489 6,099 3,390 52,576 19,145 33,431 46,220 20,250 25,970 54,848 23,798 31,050 Sales (

106%

Y'21 YoY Growth Q3 FY'20 9M FY'22 FY'21 FY'20 14,568 6,079 8,489 9,012 4,888 4,123 62% 24% 106% 9,489 6,099 3,390 52,576 19,145 33,431 46,220 20,250 25,970 54,848 23,798 31,050 Sales (In Rs.

74%

8 23,798 31,050 Sales (In Rs. Crores/-) (Including Export incentives & Scrap Sale) 117.76 67.73 74% 79.48 425.52 356.6 384.3 B) Kusum Spices: Kusum Spices Particulars Q3 FY'20 Q4 FY'20 FY'20

70%

s year despite second wave of COVID and the order book has also increased approximately by around 70%. Normalization of freight cost in an essential condition for the export markets to do well as that

Rs.110 crore

well as Component 3 of the scheme and the company stands to receive incentives of anywhere between Rs.110 crores to Rs.150crs between the period FY’22-23 to FY’26-27 based on future growth in sales. As per the

Rs.150

3 of the scheme and the company stands to receive incentives of anywhere between Rs.110 crores to Rs.150crs between the period FY’22-23 to FY’26-27 based on future growth in sales. As per the scheme guid

10%

uture growth in sales. As per the scheme guidelines we have to grow our sales at a minimum CAGR of 10% over FY’22 to FY’27 to receive incentives under Component 1 of the PLI Scheme. The incentives will

“b) Domestic markets: Despite the second and third wave of COVID we are more than convinced that our sales momentum should continue, and we expect a good FY’22 subject to any further effects from COVID.”

“We have also installed the Tetra Recart plant at our new Vankal facility and expect the plant to be fully operational by April 2022.”

“We will be associating with prominent brands to fulfil their packaging requirements in the Recart form.”

“This year we have diversified our product portfolio further to reduce our dependency on Mango and this will be a conscious strategic path we will follow moving ahead.”

“As per the scheme guidelines we have to grow our sales at a minimum CAGR of 10% over FY’22 to FY’27 to receive incentives under Component 1 of the PLI Scheme.”

“The incentives will be payable upto a CAGR of 15% on eligible sales.”

“These incentives under both the components will be in the form of direct bank transfers to the company upon achieving yearly milestones as committed under the scheme.”

“c) To achieve our ESG goals, we have filed our GHG (Green House Gas) inventories and Carbon Emission data via Carbon Disclosure Project (CDP).”

“f) The Andhra Pradesh Economic Development Board is planning a scheme where they have invited bids to operate one of their proposed state of the art integrated Fruit Processing Units that it intends to develop; where the entire capex investment will be done by the Andhra Pradesh government in each of its Parliamentary Constituencies.”

“The successful bidder in each constituency will be able to run these facilities based on lease rentals to be paid to the government for a period of 10 years extendable by mutual consent.”

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About

Foods & Inns Limited (Investor Note – Q3 FY’22) Foods & Inns (FIL) is a manufacturer and exporter of a range of processed tropical fruits pulps, purees, and vegetables with state-of-the-art factories in Chittoor, Valsad, Sinnar and Gonde (Nashik). The company operates in the food processing industry and its principal divisions are Aseptic, Canning, Spray drying, Frozen fruits, IQF (Individually Quick Frozen) vegetables and snacks. Product range includes tropical fruit purees, concentrates of Mango, Guava, Papaya apart from Tomato Paste, Natural Fruit & Vegetable Powders. The company became a 99.99% partner in Kusum spices (Spice brand established in 1972) from the 2nd of October 2019 and has consequently widened its offerings in the foods segment. The Indian spice market is ~ Rs.40,000cr industry (Source: APEDA) The company owns brands/trademarks such as Madhu - (Fruit Pulp), Green Top - (IQF Vegetables), Kusum Masala – (Spices), Triveni Global - (Frozen food) & Zatpat Zaldee - (QSR).

Disclaimer

This document may contain some statements on the company’s business or financials which may be construed as forward looking. The actual results may be materially different from these forward- looking statements.

Contact

1) writetous@foodsandinns.com 2) Landline: 022-35110013 / 022-22615032 3) Mr. Anand Krishnan, CFO (Email: anand@foodsandinns.com) 4) Mrs. Randeep Kaur, Company Secretary (Email: randeep@foodsandinns.com)