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

23%

Q4 FY'21 YoY Growth FY'22 FY'21 YoY Growth FY'20 25,983 5,525 20,458 21,209 5,357 15,852 23% 3% 29% 78,379 24572 53807 46,220 20,250 25,970 70% 21% 107% 54,848 23,798 31,050 Sales (In

3%

'21 YoY Growth FY'22 FY'21 YoY Growth FY'20 25,983 5,525 20,458 21,209 5,357 15,852 23% 3% 29% 78,379 24572 53807 46,220 20,250 25,970 70% 21% 107% 54,848 23,798 31,050 Sales (In Rs.

29%

YoY Growth FY'22 FY'21 YoY Growth FY'20 25,983 5,525 20,458 21,209 5,357 15,852 23% 3% 29% 78,379 24572 53807 46,220 20,250 25,970 70% 21% 107% 54,848 23,798 31,050 Sales (In Rs. Cror

70%

25,983 5,525 20,458 21,209 5,357 15,852 23% 3% 29% 78,379 24572 53807 46,220 20,250 25,970 70% 21% 107% 54,848 23,798 31,050 Sales (In Rs. Crores/-) (Including Export incentives & Scrap Sale

21%

983 5,525 20,458 21,209 5,357 15,852 23% 3% 29% 78,379 24572 53807 46,220 20,250 25,970 70% 21% 107% 54,848 23,798 31,050 Sales (In Rs. Crores/-) (Including Export incentives & Scrap Sale) 19

107%

,525 20,458 21,209 5,357 15,852 23% 3% 29% 78,379 24572 53807 46,220 20,250 25,970 70% 21% 107% 54,848 23,798 31,050 Sales (In Rs. Crores/-) (Including Export incentives & Scrap Sale) 190.96

73%

s (In Rs. Crores/-) (Including Export incentives & Scrap Sale) 190.96 157.78 21% 616.49 356.6 73% 384.3 B) Kusum Spices: Kusum Spices Particulars Q3 FY'20 Q4 FY'20 FY'20 Q1 FY'21 Q2 FY'21 Q3 F

Rs.148

nent 1 as well as Component 3 of the scheme and the company stands to receive incentives of around Rs.148crs on a best-case basis between the period FY’22-23 to FY’26-27 based on future growth in sales an

“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’23.”

“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) We have installed the Tetra Recart machinery at our greenfield facility at Vankal (Gujarat) and are currently having test runs and expect the plant to be commercially operative by the end 3 of August 2022.”

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About

Foods & Inns Limited (Investor Note – 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 & Other RTE Snacks), Kusum Masala – (Spices), Triveni Global - (Frozen food) & Zatpat

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)